Ecuador Gross Savings Rate
1991 - 2024 | Quarterly | % | CEIC Data
Key information about Ecuador Gross Savings Rate
- Ecuador Gross Savings Rate was measured at 21.1% in Sep 2024, compared with 21.1% in the previous quarter.
- Ecuador Gross Savings Rate is updated quarterly, with data available from Mar 1991 to Sep 2024, and an average rate of 21.1%.
- The data reached an all-time high of 21.1% in Jun 2008 and a record low of 13.9% in Jun 2003.
- CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household and Government Consumption Expenditure. The Central Bank of Ecuador provides Final Consumption Expenditure in USD and Nominal GDP in USD. Gross Domestic Savings Rate prior to Q1 2000 is sourced from the International Monetary Fund.
- In the latest reports, Ecuador GDP expanded 0.7% YoY in Mar 2023.
- Ecuador Nominal GDP reached 28,925.9 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.9% in Mar 2023.
- Ecuador GDP Per Capita reached 5,670.3 USD in Dec 2020.
View Ecuador's Gross Savings Rate from Mar 1991 to Sep 2024 in the chart:
What was Ecuador's Gross Savings Rate in Sep 2024?
Ecuador Gross Savings Rate was measured at 21.1% in Sep 2024, compared with 21.1% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 21.1 Sep 2024 | 22.0 Jun 2024 | 13.9 Jun 2003 | 31.3 Jun 2008 | % | quarterly | Mar 1991 - Sep 2024 |
Gross Savings Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.1 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 29.9 Dec 2024 | quarterly | Dec 1994 - Dec 2024 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 24.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Azerbaijan (%) | 29.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 38.1 2022 | yearly | 1989 - 2022 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 28.3 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Belgium (%) | 22.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Bolivia (%) | 14.8 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Bosnia and Herzegovina (%) | 24.2 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Botswana (%) | 20.1 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Brazil (%) | 11.9 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 20.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Cambodia (%) | 34.1 2022 | yearly | 1993 - 2022 |
| Canada (%) | 25.2 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Chile (%) | 20.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 44.3 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 12.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Cyprus (%) | 16.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Czech Republic (%) | 30.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Denmark (%) | 34.9 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Ecuador (%) | 21.1 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Egypt (%) | 7.8 2023 | yearly | 1969 - 2023 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 25.7 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Finland (%) | 23.6 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 26.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 11.1 2024 | yearly | 2006 - 2024 |
| Greece (%) | 14.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Hong Kong SAR, China (%) | 30.2 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Hungary (%) | 31.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Iceland (%) | 23.5 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| India (%) | 30.7 2024 | yearly | 1951 - 2024 |
| Indonesia (%) | 35.0 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Iran (%) | 26.4 Mar 2024 | quarterly | Jun 1988 - Mar 2024 |
| Ireland (%) | 58.8 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Israel (%) | 27.2 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Italy (%) | 25.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Ivory Coast (%) | 23.9 2023 | yearly | 1960 - 2023 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 3.0 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 11.9 2023 | yearly | 2006 - 2023 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | 21.9 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 44.9 2022 | yearly | 1970 - 2022 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 21.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Lebanon (%) | -25.5 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 29.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 17.0 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 32.5 Dec 2024 | quarterly | Mar 1992 - Dec 2024 |
| Mauritius (%) | 19.0 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mexico (%) | 18.0 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -7.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | -5.1 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Morocco (%) | 28.6 2023 | yearly | 1975 - 2023 |
| Mozambique (%) | 4.8 2023 | yearly | 1969 - 2022 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 35.6 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 28.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 34.6 2023 | yearly | 1981 - 2023 |
| Norway (%) | 39.1 Dec 2024 | quarterly | Mar 1978 - Dec 2024 |
| Oman (%) | 30.7 2023 | yearly | 1980 - 2023 |
| Pakistan (%) | 6.3 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 1.3 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Panama (%) | 41.1 2023 | yearly | 1960 - 2023 |
| Paraguay (%) | 18.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Peru (%) | 27.3 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 27.3 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Portugal (%) | 26.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Qatar (%) | 66.3 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 18.3 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Russia (%) | 30.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Saudi Arabia (%) | 32.0 Dec 2024 | quarterly | Mar 2003 - Dec 2024 |
| Serbia (%) | 20.5 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Singapore (%) | 47.5 2024 | yearly | 1960 - 2024 |
| Slovakia (%) | 15.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Slovenia (%) | 28.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| South Africa (%) | 13.7 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 23.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 30.2 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
| Switzerland (%) | 31.7 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
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Learn more about what we doEcuador Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.3 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -877.036 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Tax Revenue (USD mn) | 4,355.023 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Tax Revenue: % of GDP (%) | 14.2 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| National Government Debt (USD mn) | 85,264.4 Dec 2024 | quarterly | Dec 2005 - Dec 2024 |
| Government Debt: % of GDP (%) | 67.4 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Forecast: Government Expenditure (USD bn) | 51.430 2029 | yearly | 1995 - 2029 |
| Forecast: Government Net Debt (USD bn) | 72.877 2029 | yearly | 2001 - 2029 |
| Forecast: Government Revenue (USD bn) | 52.747 2029 | yearly | 1995 - 2029 |
| Central Government: Balance (USD mn) | 953.670 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Central Government: Finance (USD mn) | -953.670 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Central Government: Revenue (USD mn) | 2,009.430 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Central Government: Expenditure excl Amortization (USD mn) | 1,055.760 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 672.6 Dec 2024 | monthly | Mar 1992 - Dec 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 22.9 Dec 2024 | monthly | Jan 1966 - Dec 2024 |
| Aluminum: Exports (USD th) | 73,669.642 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 31,582.671 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 8,971.615 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 2,688.4 Dec 2024 | monthly | Jan 1957 - Dec 2024 |
| Total Imports Growth (%) | 13.0 Dec 2024 | monthly | Jan 1958 - Dec 2024 |
| Imports: Medicament (USD th) | 940,587.785 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 633,025.171 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 489.894 Dec 2024 | monthly | Jan 2007 - Dec 2024 |
| Total Imports from USA (USD mn) | 822.790 Jan 2025 | monthly | Jan 1973 - Jan 2025 |
| Total Exports to China (USD mn) | 425.273 Dec 2024 | monthly | Jan 2007 - Dec 2024 |
| Total Imports from China (USD mn) | 625.825 Jan 2025 | monthly | May 1992 - Jan 2025 |
| Terms of Trade Index: 2007=100 (2007=100) | 99.534 Jan 2025 | monthly | Jan 2014 - Jan 2025 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 3,097.200 2025 | yearly | 2024 - 2025 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 31,848,323.000 2025 | yearly | 2024 - 2025 |
| BCE Forecast: Imports: fob: 2018=100 (USD th) | 28,751,123.000 2025 | yearly | 2024 - 2025 |
| Imports: CIF: Asia: People's Republic of China (USD mn) | 324.160 Jan 2020 | monthly | Jan 2010 - Jan 2020 |
| Import Value Index (2015=100) | 119.376 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 145.654 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 1,473.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Current Account Balance: % of GDP (%) | 4.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Foreign Direct Investment (USD mn) | 73.6 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Foreign Portfolio Investment (USD mn) | -24.262 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -0.1 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.2 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -24.443 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| External Debt (USD mn) | 57,662.3 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| External Debt: % of GDP (%) | 48.3 2023 | yearly | 1970 - 2023 |
| External Debt: Short Term (USD mn) | 986.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| External Debt: Short Term: % of GDP (%) | 1.5 2023 | yearly | 1970 - 2023 |
| Forecast: Current Account Balance (USD bn) | 3.608 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD) | -18,707,079,496.587 Sep 2024 | quarterly | Mar 2016 - Sep 2024 |
| BoP: CA: Goods & Services: Services (USD mn) | -688.520 Sep 2024 | quarterly | Mar 2016 - Sep 2024 |
| BoP: CA: Goods & Services: Goods (USD mn) | 1,405.024 Sep 2024 | quarterly | Mar 2016 - Sep 2024 |
| Gross External Debt (USD mn) | 61,229.061 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Gross External Debt: Long Term (USD mn) | 59,522.334 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| External Debt: Private (USD mn) | 8,261.485 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| External Debt: Public (USD mn) | 49,322.219 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Foreign Direct Investment: BPM6 (USD th) | 73,581.424 Sep 2024 | quarterly | Mar 2016 - Sep 2024 |
| Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Europe: Netherlands (USD th) | 23,806.340 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.3 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Household Debt: % of GDP (%) | 17.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Non-Performing Loans (USD mn) | 3,566.948 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Money Supply M1 (USD mn) | 31,461.760 Dec 2024 | monthly | Dec 2006 - Dec 2024 |
| Money Supply M2 (USD mn) | 88,484.868 Dec 2024 | monthly | Dec 2006 - Dec 2024 |
| M2 Growth (%) | 10.1 Dec 2024 | monthly | Dec 2007 - Dec 2024 |
| Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 5,271.6 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 5.127 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.7 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Gold Reserves (USD mn) | 2,395.089 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Total Deposits (USD mn) | 68,663.123 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Total Deposits Growth (%) | 15.0 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Domestic Credit (USD mn) | 75,695.6 Feb 2025 | monthly | Jan 2006 - Feb 2025 |
| Domestic Credit Growth (%) | 5.8 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Household Debt (USD mn) | 21,987.1 Feb 2025 | monthly | Oct 2006 - Feb 2025 |
| Total Loans (USD mn) | 66,386.890 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Total Loans Growth (%) | 6.30 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Private Debt: % of Nominal GDP (%) | 54.12 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| International Reserve: Net Currency Position (USD mn) | 5,271.613 Feb 2025 | monthly | Jan 2004 - Feb 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 9.7 Jan 2025 | monthly | Feb 2011 - Jan 2025 |
More Indicators for Ecuador
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