Ecuador Gross Savings Rate

1991 - 2023 | Quarterly | % | CEIC Data

Key information about Ecuador Gross Savings Rate

  • Ecuador Gross Savings Rate was measured at 22.4% in Sep 2023, compared with 22.4% in the previous quarter.
  • Ecuador Gross Savings Rate is updated quarterly, with data available from Mar 1991 to Sep 2023, and an average rate of 22.4%.
  • The data reached an all-time high of 22.4% 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 2023 in the chart:

Ecuador Gross Savings Rate

What was Ecuador's Gross Savings Rate in Sep 2023?

Ecuador Gross Savings Rate was measured at 22.4% in Sep 2023, compared with 22.4% in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.4 Sep 2023 21.4 Jun 2023 13.9 Jun 2003 31.3 Jun 2008 % quarterly Mar 1991 - Sep 2023

Gross Savings Rate by Country Comparison

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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 (%) 28.8 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 27.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Azerbaijan (%) 31.2 Sep 2023 quarterly Mar 2001 - Sep 2023
Bahrain (%) 38.6 2022 yearly 1989 - 2022
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 30.9 Sep 2023 quarterly Mar 1992 - Sep 2023
Belgium (%) 24.8 Sep 2023 quarterly Mar 1980 - Sep 2023
Bolivia (%) 13.6 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 19.2 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 25.9 Sep 2023 quarterly Mar 1994 - Sep 2023
Brazil (%) 12.4 Dec 2023 quarterly Mar 1991 - Dec 2023
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 18.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Cambodia (%) 31.1 2022 yearly 1993 - 2022
Canada (%) 24.1 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 17.6 Sep 2023 quarterly Mar 1996 - Sep 2023
China (%) 45.9 2021 yearly 1952 - 2021
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 12.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 17.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 32.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 33.2 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 22.4 Sep 2023 quarterly Mar 1991 - Sep 2023
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.7 Sep 2023 quarterly Mar 1995 - Sep 2023
Finland (%) 21.9 Jun 2023 quarterly Mar 1990 - Jun 2023
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 29.8 Sep 2023 quarterly Mar 1996 - Sep 2023
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 15.4 2022 yearly 2006 - 2022
Greece (%) 8.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Hong Kong SAR, China (%) 28.1 Sep 2023 quarterly Mar 1999 - Sep 2023
Hungary (%) 34.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 19.6 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 30.2 2023 yearly 1951 - 2023
Indonesia (%) 34.9 Dec 2023 quarterly Mar 2010 - Dec 2023
Iran (%) 36.9 Jun 2023 quarterly Jun 1988 - Jun 2023
Ireland (%) 56.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 27.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 24.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Ivory Coast (%) 22.2 2022 yearly 1960 - 2022
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) -3.9 2022 yearly 1963 - 2022
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.1 2022 yearly 2006 - 2022
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) 16.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 20.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) -21.7 2020 yearly 1990 - 2020
Lithuania (%) 27.3 Sep 2023 quarterly Mar 1995 - Sep 2023
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 9.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 37.7 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 15.5 Sep 2023 quarterly Mar 1999 - Sep 2023
Mexico (%) 19.3 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) -4.5 Sep 2023 quarterly Mar 1995 - Sep 2023
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) 25.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Morocco (%) 27.2 2022 yearly 1975 - 2022
Mozambique (%) 8.1 2022 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.4 2023 yearly 2001 - 2023
Netherlands (%) 31.3 Sep 2023 quarterly Mar 1995 - Sep 2023
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 30.6 2022 yearly 1981 - 2022
Norway (%) 41.0 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 34.7 2022 yearly 1980 - 2022
Pakistan (%) 6.0 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.6 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 20.3 Sep 2023 quarterly Mar 1994 - Sep 2023
Peru (%) 25.4 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 28.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 26.5 Sep 2023 quarterly Mar 1999 - Sep 2023
Qatar (%) 66.4 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 20.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 32.8 Sep 2023 quarterly Mar 1993 - Sep 2023
Saudi Arabia (%) 38.1 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 14.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Singapore (%) 48.6 2023 yearly 1960 - 2023
Slovakia (%) 18.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Slovenia (%) 24.5 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 14.5 Sep 2023 quarterly Mar 1960 - Sep 2023
Spain (%) 22.8 Sep 2023 quarterly Mar 1999 - Sep 2023
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 31.1 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 33.0 Dec 2023 quarterly Mar 1990 - Dec 2023

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Ecuador Key Series

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Includes 178 key indicators for Ecuador, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.9 Sep 2023 quarterly Dec 2000 - Sep 2023
Consolidated Fiscal Balance (USD mn) -1,469.300 Sep 2023 quarterly Mar 2000 - Sep 2023
Tax Revenue (USD mn) 3,229.881 Sep 2023 quarterly Mar 2000 - Sep 2023
Tax Revenue: % of GDP (%) 10.9 Sep 2023 quarterly Mar 2000 - Sep 2023
National Government Debt (USD mn) 79,317.0 Dec 2023 quarterly Dec 2005 - Dec 2023
Government Debt: % of GDP (%) 64.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Forecast: Government Expenditure (USD bn) 49.173 2028 yearly 1995 - 2028
Forecast: Government Net Debt (USD bn) 68.494 2028 yearly 2001 - 2028
Forecast: Government Revenue (USD bn) 48.725 2028 yearly 1995 - 2028
Central Government: Finance (USD mn) -738.186 Jan 2024 monthly Jan 2006 - Jan 2024
Central Government: Expenditure excl Amortization (USD mn) 828.826 Jan 2024 monthly Jan 2006 - Jan 2024
Central Government: Balance (USD mn) 738.186 Jan 2024 monthly Jan 2006 - Jan 2024
Central Government: Revenue (USD mn) 1,567.011 Jan 2024 monthly Jan 2006 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.962 2028 yearly 1980 - 2028
Trade Balance (USD mn) 341.1 Dec 2023 monthly Mar 1992 - Dec 2023
Total Exports (USD mn) 2,528.2 Apr 2023 monthly Jan 1965 - Apr 2023
Total Exports Growth (%) -0.4 Dec 2023 monthly Jan 1966 - Dec 2023
Aluminum: Exports (USD th) 65,385.575 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 24,074.538 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,882.325 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,378.3 Dec 2023 monthly Jan 1957 - Dec 2023
Total Imports Growth (%) -8.4 Dec 2023 monthly Jan 1958 - Dec 2023
Imports: Medicament (USD th) 958,068.888 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 529,529.069 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 499.466 Dec 2023 monthly Jan 2007 - Dec 2023
Total Imports from USA (USD mn) 549.306 Jan 2024 monthly Jan 1973 - Jan 2024
Total Exports to China (USD mn) 381.041 Dec 2023 monthly Jan 2007 - Dec 2023
Total Imports from China (USD mn) 503.963 Jan 2024 monthly May 1992 - Jan 2024
Terms of Trade Index: 2007=100 (2007=100) 94.424 Dec 2023 monthly Jan 2014 - Dec 2023
Exports: FOB: Petroleum: Crude Petroleum (USD th) 613,961.915 Dec 2023 monthly Jan 2005 - Dec 2023
Exports: FOB: America: United States (USD mn) 499.466 Dec 2023 monthly Jan 2007 - Dec 2023
Exports: FOB: America: ALADI: Panama (USD mn) 450.116 Dec 2023 monthly Jan 2012 - Dec 2023
Imports: CIF: Consumer Goods: Non Durable (USD th) 299,548.294 Dec 2023 monthly Jan 2005 - Dec 2023
Imports: CIF: America: ALADI: Panama (USD mn) 132.887 Dec 2023 monthly Mar 2019 - Dec 2023
Imports: CIF: Asia: People's Republic of China (USD mn) 324.160 Jan 2020 monthly Jan 2010 - Jan 2020
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) 624.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Current Account Balance: % of GDP (%) 2.1 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Direct Investment (USD mn) 155.0 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.5 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Portfolio Investment (USD mn) -35.251 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -0.1 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 4.1 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -39.364 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt (USD mn) 58,197.5 Dec 2023 monthly Jan 1994 - Dec 2023
External Debt: % of GDP (%) 51.6 2022 yearly 1970 - 2022
External Debt: Short Term (USD mn) 1,036.9 Sep 2023 quarterly Mar 2004 - Sep 2023
External Debt: Short Term: % of GDP (%) 1.4 2022 yearly 1970 - 2022
Forecast: Current Account Balance (USD bn) 2.607 2028 yearly 1980 - 2028
Net International Investment Position (USD) -24,035,311,315.573 Sep 2023 quarterly Mar 2016 - Sep 2023
BoP: CA: Goods & Services: Services (USD mn) -580.449 Sep 2023 quarterly Mar 2016 - Sep 2023
BoP: CA: Goods & Services: Goods (USD mn) 729.325 Sep 2023 quarterly Mar 2016 - Sep 2023
Gross External Debt: Long Term (USD mn) 57,544.848 Sep 2023 quarterly Mar 2004 - Sep 2023
External Debt: Private (USD mn) 10,653.089 Dec 2023 monthly Jan 1994 - Dec 2023
External Debt: Public (USD mn) 47,544.457 Dec 2023 monthly Jan 1994 - Dec 2023
Foreign Direct Investment: BPM6 (USD th) 154,983.425 Sep 2023 quarterly Mar 2016 - Sep 2023
Foreign Direct Investment: Europe: Netherlands (USD th) 23,806.340 Dec 2018 quarterly Mar 2002 - Dec 2018
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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.5 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt: % of GDP (%) 16.3 Sep 2023 quarterly Dec 2006 - Sep 2023
Non-Performing Loans (USD mn) 3,440.955 Jan 2024 monthly Jan 2006 - Jan 2024
Money Supply M1 (USD mn) 30,488.990 Dec 2023 monthly Dec 2006 - Dec 2023
Money Supply M2 (USD mn) 80,343.612 Dec 2023 monthly Dec 2006 - Dec 2023
M2 Growth (%) 6.7 Dec 2023 monthly Dec 2007 - Dec 2023
Reserve Requirement Ratio (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022
Foreign Exchange Reserves (USD mn) 2,557.3 Jan 2024 monthly Dec 1956 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 3.559 Sep 2023 quarterly Dec 2000 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 1.1 Dec 2023 monthly Jan 2005 - Dec 2023
Gold Reserves (USD mn) 1,734.920 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 59,725.631 Jan 2024 monthly Jan 2006 - Jan 2024
Total Deposits Growth (%) 6.9 Jan 2024 monthly Jan 2007 - Jan 2024
Domestic Credit (USD mn) 70,900.6 Jan 2024 monthly Jan 2006 - Jan 2024
Domestic Credit Growth (%) 9.7 Jan 2024 monthly Jan 2007 - Jan 2024
Household Debt (USD mn) 20,017.6 Jan 2024 monthly Oct 2006 - Jan 2024
Total Loans (USD mn) 62,455.150 Jan 2024 monthly Jan 2006 - Jan 2024
Total Loans Growth (%) 8.72 Jan 2024 monthly Jan 2007 - Jan 2024
Private Debt: % of Nominal GDP (%) 53.01 Sep 2023 quarterly Mar 2004 - Sep 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.0 Jan 2024 monthly Feb 2011 - Jan 2024
Business Confidence Index: Commerce (May2007=100) 2,200.300 Dec 2022 monthly May 2007 - Dec 2022
Business Confidence Index: Construction (May2007=100) 478.600 Dec 2022 monthly May 2007 - Dec 2022
Business Confidence Index: Global (May2007=100) 1,694.300 Dec 2022 monthly May 2007 - Dec 2022
Business Confidence Index: Services (May2007=100) 1,444.800 Dec 2022 monthly May 2007 - Dec 2022
Business Confidence Index: Industry (May2007=100) 2,662.600 Dec 2022 monthly May 2007 - Dec 2022

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