Ecuador Household Debt: % of GDP

2006 - 2023 | Quarterly | % | CEIC Data

Key information about Ecuador Household Debt: % of GDP

  • Ecuador household debt accounted for 16.3 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 15.8 % in the previous quarter.
  • Ecuador household debt to GDP ratio is updated quarterly, available from Dec 2006 to Sep 2023.
  • The data reached an all-time high of 16.3 % in Sep 2023 and a record low of 6.0 % in Dec 2006.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Superintendency of Banks provides Household Debt in USD. The Central Bank of Ecuador provides Nominal GDP in USD. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans.


Related information about Ecuador Household Debt: % of GDP

  • In the latest reports, Ecuador Household Debt reached 20.0 USD bn in Nov 2023.
  • Money Supply M2 in Ecuador increased 7.0 % YoY in Oct 2023.
  • Ecuador Foreign Exchange Reserves was measured at 2.7 USD bn in Dec 2023.
  • The Foreign Exchange Reserves equaled 1.3 Months of Import in Oct 2023.
  • Ecuador Domestic Credit reached 69.9 USD bn in Nov 2023, representing an increased of 8.2 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.5 % in Nov 2023, compared with the ratio of 5.4 % in the previous month.

View Ecuador's Household Debt: % of GDP from Dec 2006 to Sep 2023 in the chart:

Ecuador Household Debt: % of GDP

What was Ecuador's Household Debt: % of GDP in Sep 2023?

Ecuador household debt accounted for 16.3 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 15.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.3 Sep 2023 15.8 Jun 2023 6.0 Dec 2006 16.3 Sep 2023 % quarterly Dec 2006 - Sep 2023

Household Debt: % of GDP by Country Comparison

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Includes Household Debt: % of GDP on 90 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 11.7 Jun 2023 quarterly Dec 2008 - Jun 2023
Argentina (%) 3.8 Sep 2023 quarterly Dec 2004 - Sep 2023
Armenia (%) 25.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 45.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Azerbaijan (%) 10.6 Sep 2023 quarterly Mar 2005 - Sep 2023
Belarus (%) 9.5 Sep 2023 quarterly Dec 2006 - Sep 2023
Belgium (%) 60.1 Sep 2023 quarterly Dec 1992 - Sep 2023
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.0 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 19.5 Sep 2023 quarterly Dec 2002 - Sep 2023
Brunei (%) 14.1 Sep 2023 quarterly Dec 2013 - Sep 2023
Bulgaria (%) 27.4 2022 yearly 1995 - 2022
Cambodia (%) 36.0 2022 yearly 2008 - 2022
Canada (%) 100.9 Dec 2023 quarterly Mar 1969 - Dec 2023
Chile (%) 40.3 Sep 2023 quarterly Mar 2009 - Sep 2023
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 34.7 Sep 2023 quarterly Dec 2015 - Sep 2023
Croatia (%) 33.1 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (%) 97.5 2021 yearly 1995 - 2021
Czech Republic (%) 37.0 Sep 2023 quarterly Mar 2004 - Sep 2023
Denmark (%) 86.8 2022 yearly 1994 - 2022
Ecuador (%) 16.3 Sep 2023 quarterly Dec 2006 - Sep 2023
Egypt (%) 8.2 Jun 2023 quarterly Dec 2002 - Jun 2023
Estonia (%) 37.9 Sep 2023 quarterly Dec 2003 - Sep 2023
European Union (%) 46.3 Dec 2023 quarterly Sep 1997 - Dec 2023
Finland (%) 74.9 2022 yearly 1995 - 2022
France (%) 75.1 2022 yearly 1977 - 2022
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 52.9 Sep 2023 quarterly Dec 1991 - Sep 2023
Greece (%) 47.1 Sep 2023 quarterly Dec 1997 - Sep 2023
Hong Kong SAR, China (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Hungary (%) 20.2 Sep 2023 quarterly Dec 1995 - Sep 2023
Iceland (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
India (%) 14.8 2023 yearly 1998 - 2023
Indonesia (%) 9.6 Dec 2023 quarterly Dec 2010 - Dec 2023
Ireland (%) 27.8 Jun 2023 quarterly Mar 2002 - Jun 2023
Israel (%) 42.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Italy (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 66.0 Sep 2023 quarterly Dec 1997 - Sep 2023
Jordan (%) 82.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 15.1 Sep 2023 quarterly Dec 1997 - Sep 2023
South Korea (%) 104.5 Sep 2023 quarterly Dec 2002 - Sep 2023
Kosovo (%) 19.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 0.5 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 19.9 Jun 2023 quarterly Mar 2004 - Jun 2023
Lithuania (%) 23.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Luxembourg (%) 68.8 Sep 2023 quarterly Dec 1995 - Sep 2023
Macau SAR, China (%) 87.1 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 26.5 Jun 2023 quarterly Mar 2003 - Jun 2023
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 81.0 2022 yearly 2002 - 2022
Malta (%) 43.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mongolia (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Montenegro (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 25.3 2022 yearly 2001 - 2022
Netherlands (%) 93.1 Sep 2023 quarterly Mar 1999 - Sep 2023
New Zealand (%) 91.5 Sep 2023 quarterly Dec 1990 - Sep 2023
Norway (%) 88.8 Sep 2023 quarterly Dec 1995 - Sep 2023
Panama (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Peru (%) 16.9 Dec 2023 quarterly Mar 2001 - Dec 2023
Philippines (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Poland (%) 24.5 Sep 2023 quarterly Dec 2003 - Sep 2023
Portugal (%) 67.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Romania (%) 15.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Russia (%) 21.1 Sep 2023 quarterly Dec 2000 - Sep 2023
Saudi Arabia (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Serbia (%) 19.9 Mar 2023 quarterly Dec 2003 - Mar 2023
Singapore (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Slovakia (%) 46.7 Sep 2023 quarterly Mar 2004 - Sep 2023
Slovenia (%) 28.1 Jun 2023 quarterly Mar 2004 - Jun 2023
South Africa (%) 40.6 Sep 2023 quarterly Mar 1969 - Sep 2023
Spain (%) 51.6 Sep 2023 quarterly Dec 1989 - Sep 2023
Sri Lanka (%) 7.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Sweden (%) 87.3 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 128.4 2022 yearly 1999 - 2022
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.7 2022 yearly 2000 - 2022
Thailand (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 11.7 Sep 2023 quarterly Dec 2014 - Sep 2023
Ukraine (%) 4.3 Dec 2022 quarterly Dec 2002 - Dec 2022
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 84.6 Sep 2023 quarterly Mar 1987 - Sep 2023
United States (%) 64.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Uruguay (%) 10.7 Sep 2023 quarterly Dec 2005 - Sep 2023
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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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: Balance (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: 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: Goods (USD mn) 729.325 Sep 2023 quarterly Mar 2016 - Sep 2023
BoP: CA: Goods & Services: Services (USD mn) -580.449 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: Public (USD mn) 47,544.457 Dec 2023 monthly Jan 1994 - Dec 2023
External Debt: Private (USD mn) 10,653.089 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: Spain (USD th) 88,442.667 Dec 2018 quarterly Mar 2002 - Dec 2018
Foreign Direct Investment: Europe: Netherlands (USD th) 23,806.340 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: 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
Business Confidence Index: Global (May2007=100) 1,694.300 Dec 2022 monthly May 2007 - Dec 2022

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