Ecuador Real GDP Growth

1994 - 2020 | Quarterly | % | CEIC Data

The Gross Domestic Product (GDP) in Ecuador contracted 8.8 % YoY in Sep 2020, following a negative growth of 12.4 % in the previous quarter. Real GDP Growth YoY data in Ecuador is updated quarterly, available from Mar 1994 to Sep 2020, with an average rate of 3.5 %. The data reached an all-time high of 10.2 % in Jun 2004 and a record low of -12.4 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Bank of Ecuador provides Real GDP in USD, at 2007 prices.

In the latest reports, Nominal GDP of Ecuador reached 24.2 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) fell 2.1 % in Sep 2020. GDP Per Capita in Ecuador reached 6,222.5 USD in Dec 2019. Its Gross Savings Rate was measured at 25.6 % in Sep 2020. For Nominal GDP contributions, Investment accounted for 22.4 % in Sep 2020. Public Consumption accounted for 14.7 % in Sep 2020. Private Consumption accounted for 59.7 % in Sep 2020.

View Ecuador's Real GDP Growth from Mar 1994 to Sep 2020 in the chart:

Ecuador Real GDP Growth

What was Ecuador's Real GDP Growth in Sep 2020?

Last Previous Min Max Unit Frequency Range
-8.8 Sep 2020 -12.4 Jun 2020 -12.4 Jun 2020 10.2 Jun 2004 % quarterly Mar 1994 - Sep 2020

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) -3.5 Sep 2020 quarterly Mar 2010 - Sep 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -10.1 Sep 2020 quarterly Mar 2005 - Sep 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -3.8 Sep 2020 quarterly Sep 1960 - Sep 2020
Austria (%) -4.2 Sep 2020 quarterly Mar 1989 - Sep 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -5.5 Dec 2020 quarterly Mar 2009 - Dec 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -0.2 Sep 2020 quarterly Mar 2006 - Sep 2020
Belgium (%) -5.1 Dec 2020 quarterly Mar 1996 - Dec 2020
Bolivia (%) -21.7 Jun 2020 quarterly Mar 1991 - Jun 2020
Bosnia and Herzegovina (%) -6.3 Sep 2020 quarterly Mar 2009 - Sep 2020
Botswana (%) -5.9 Sep 2020 quarterly Mar 1995 - Sep 2020
Brazil (%) -3.9 Sep 2020 quarterly Mar 1997 - Sep 2020
Brunei (%) 0.5 Sep 2020 quarterly Mar 2005 - Sep 2020
Bulgaria (%) -5.2 Sep 2020 quarterly Mar 1996 - Sep 2020
Cambodia (%) 7.1 2019 yearly 1994 - 2019
Canada (%) -5.2 Sep 2020 quarterly Mar 1962 - Sep 2020
Chile (%) -10.3 Sep 2020 quarterly Mar 1987 - Sep 2020
China (%) 6.5 Dec 2020 quarterly Mar 1992 - Dec 2020
Colombia (%) -9.5 Sep 2020 quarterly Mar 2001 - Sep 2020
Croatia (%) -10.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Cyprus (%) -4.4 Sep 2020 quarterly Mar 1996 - Sep 2020
Czech Republic (%) -5.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Denmark (%) -3.7 Sep 2020 quarterly Mar 1992 - Sep 2020
Ecuador (%) -8.8 Sep 2020 quarterly Mar 1994 - Sep 2020
Egypt (%) -1.7 Jun 2020 quarterly Sep 2002 - Jun 2020
Estonia (%) -2.7 Sep 2020 quarterly Mar 1996 - Sep 2020
European Union (%) -4.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Finland (%) -3.0 Sep 2020 quarterly Mar 1976 - Sep 2020
France (%) -5.0 Dec 2020 quarterly Mar 1950 - Dec 2020
Georgia (%) -5.6 Sep 2020 quarterly Mar 1998 - Sep 2020
Germany (%) -3.6 Dec 2020 quarterly Mar 1992 - Dec 2020
Ghana (%) -0.3 Sep 2020 quarterly Jun 2006 - Sep 2020
Greece (%) -11.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Hong Kong SAR, China (%) -3.4 Sep 2020 quarterly Mar 1991 - Sep 2020
Hungary (%) -4.6 Sep 2020 quarterly Mar 1996 - Sep 2020
Iceland (%) -6.7 Sep 2020 quarterly Mar 1996 - Sep 2020
India (%) -7.5 Sep 2020 quarterly Jun 2005 - Sep 2020
Indonesia (%) -2.2 Dec 2020 quarterly Mar 1994 - Dec 2020
Iran (%) -2.8 Jun 2020 quarterly Jun 1989 - Jun 2020
Ireland (%) 8.1 Sep 2020 quarterly Mar 1996 - Sep 2020
Israel (%) -1.1 Sep 2020 quarterly Mar 1996 - Sep 2020
Italy (%) -6.6 Dec 2020 quarterly Mar 1982 - Dec 2020
Ivory Coast (%) 7.4 2018 yearly 1966 - 2018
Japan (%) -5.7 Sep 2020 quarterly Mar 1956 - Sep 2020
Jordan (%) -2.2 Sep 2020 quarterly Mar 1993 - Sep 2020
Kazakhstan (%) -4.9 Sep 2020 quarterly Mar 2006 - Sep 2020
Kenya (%) -1.9 Sep 2020 quarterly Mar 2010 - Sep 2020
South Korea (%) -1.3 Dec 2020 quarterly Mar 1961 - Dec 2020
Kosovo (%) 0.7 Dec 2020 quarterly Mar 2011 - Dec 2020
Kuwait (%) -2.5 Mar 2020 quarterly Jun 2010 - Mar 2020
Kyrgyzstan (%) -6.0 Sep 2020 quarterly Mar 2007 - Sep 2020
Laos (%) 5.5 2019 yearly 2003 - 2019
Latvia (%) -1.7 Dec 2020 quarterly Mar 1996 - Dec 2020
Lebanon (%) -1.9 2018 yearly 2005 - 2018
Lithuania (%) -1.3 Dec 2020 quarterly Jun 1995 - Dec 2020
Luxembourg (%) 0.5 Sep 2020 quarterly Mar 1996 - Sep 2020
Macau SAR, China (%) -63.8 Sep 2020 quarterly Mar 2002 - Sep 2020
North Macedonia (%) -3.3 Sep 2020 quarterly Mar 2001 - Sep 2020
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) -2.7 Sep 2020 quarterly Mar 2001 - Sep 2020
Malta (%) -9.9 Sep 2020 quarterly Mar 2001 - Sep 2020
Mauritius (%) -32.5 Jun 2020 quarterly Mar 2001 - Jun 2020
Mexico (%) -4.6 Dec 2020 quarterly Mar 1981 - Dec 2020
Moldova (%) 0.9 Sep 2020 quarterly Mar 1996 - Sep 2020
Mongolia (%) -3.1 Sep 2020 quarterly Mar 2011 - Sep 2020
Montenegro (%) -26.9 Sep 2020 quarterly Mar 2011 - Sep 2020
Morocco (%) -7.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 6.8 2019 yearly 2011 - 2019
Nepal (%) -2.7 Mar 2020 quarterly Dec 2004 - Mar 2020
Netherlands (%) -2.5 Sep 2020 quarterly Mar 1997 - Sep 2020
New Zealand (%) 3.9 Sep 2020 quarterly Jun 1983 - Sep 2020
Nigeria (%) -3.6 Sep 2020 quarterly Mar 2011 - Sep 2020
Norway (%) -0.1 Sep 2020 quarterly Mar 1979 - Sep 2020
Oman (%) -0.8 2019 yearly 1999 - 2019
Pakistan (%) 0.5 2020 yearly 2001 - 2020
Palestinian Territory (%) 11.8 Sep 2020 quarterly Jun 2011 - Sep 2020
Panama (%) -23.6 Sep 2020 quarterly Mar 2008 - Sep 2020
Paraguay (%) -1.2 Sep 2020 quarterly Mar 1995 - Sep 2020
Peru (%) -9.4 Sep 2020 quarterly Mar 1981 - Sep 2020
Philippines (%) -8.4 Dec 2020 quarterly Mar 1999 - Dec 2020
Poland (%) -1.8 Sep 2020 quarterly Mar 1996 - Sep 2020
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -4.5 Sep 2020 quarterly Mar 2012 - Sep 2020
Romania (%) -5.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Russia (%) -3.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Saudi Arabia (%) -4.6 Sep 2020 quarterly Mar 2011 - Sep 2020
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) -3.8 Dec 2020 quarterly Mar 1976 - Dec 2020
Slovakia (%) -2.3 Sep 2020 quarterly Mar 1994 - Sep 2020
Slovenia (%) -2.9 Sep 2020 quarterly Mar 1996 - Sep 2020
South Africa (%) -6.1 Sep 2020 quarterly Mar 1961 - Sep 2020
Spain (%) -9.1 Dec 2020 quarterly Mar 1996 - Dec 2020
Sri Lanka (%) 1.5 Sep 2020 quarterly Mar 2011 - Sep 2020
Sudan (%) -1.3 2019 yearly 1983 - 2019
Sweden (%) -2.6 Dec 2020 quarterly Mar 1982 - Dec 2020
Switzerland (%) -1.7 Sep 2020 quarterly Mar 1966 - Sep 2020

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Ecuador Key Series

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Includes 229 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 (%) -5.2 Sep 2020 quarterly Dec 2000 - Sep 2020
Consolidated Fiscal Balance (USD mn) -1,332.350 Sep 2020 quarterly Mar 2000 - Sep 2020
Tax Revenue (USD mn) 2,956.051 Dec 2020 quarterly Mar 2000 - Dec 2020
Tax Revenue: % of GDP (%) 12.7 Sep 2020 quarterly Mar 2000 - Sep 2020
National Government Debt (USD mn) 63,163.5 Dec 2020 quarterly Dec 2005 - Dec 2020
Government Debt: % of GDP (%) 57.2 Sep 2020 quarterly Dec 2005 - Sep 2020
Forecast: Government Expenditure (USD bn) 39.187 2026 yearly 1995 - 2026
Forecast: Government Net Debt (USD bn) 61.270 2026 yearly 2001 - 2026
Forecast: Government Revenue (USD bn) 41.788 2026 yearly 1995 - 2026
Central Government: Finance (USD mn) 2,215.020 Dec 2020 monthly Jan 2006 - Dec 2020
Central Government: Balance (USD mn) -2,215.020 Dec 2020 monthly Jan 2006 - Dec 2020
Central Government: Revenue (USD mn) 1,322.270 Dec 2020 monthly Jan 2006 - Dec 2020
Central Government: Expenditure excl Amortization (USD mn) 3,537.289 Dec 2020 monthly Jan 2006 - Dec 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.567 2025 yearly 1980 - 2025
Trade Balance (USD mn) 214.8 Jan 2021 monthly Jan 1965 - Jan 2021
Total Exports (USD mn) 1,814.9 Jan 2021 monthly Jan 1965 - Jan 2021
Total Exports Growth (%) -5.6 Jan 2021 monthly Jan 1966 - Jan 2021
Aluminum: Exports (USD th) 33,552.274 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 46,750.981 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 2,202.795 2019 yearly 1995 - 2019
Total Imports (USD mn) 1,698.0 Jan 2021 monthly Jan 1957 - Jan 2021
Total Imports Growth (%) -10.3 Jan 2021 monthly Jan 1958 - Jan 2021
Imports: Medicament (USD th) 779,550.310 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 327,256.266 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 372.892 Dec 2020 monthly Jan 2007 - Dec 2020
Total Imports from USA (USD mn) 344.182 Sep 2020 monthly Jan 1973 - Sep 2020
Total Exports to China (USD mn) 178.383 Jan 2021 monthly Jan 2010 - Jan 2021
Total Imports from China (USD mn) 335.687 Jan 2021 monthly May 1992 - Jan 2021
EC: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asi... (USD mn) 260.765 Nov 2020 monthly Jun 1973 - Nov 2020
Terms of Trade Index: 2007=100 (2007=100) 88.254 Jan 2021 monthly Jan 2014 - Jan 2021
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) 1,213.6 Sep 2020 quarterly Mar 1993 - Sep 2020
Current Account Balance: % of GDP (%) 5.1 Sep 2020 quarterly Mar 1993 - Sep 2020
Foreign Direct Investment (USD mn) 473.2 Sep 2020 quarterly Mar 1993 - Sep 2020
Foreign Direct Investment: % of GDP (%) 2.0 Sep 2020 quarterly Mar 1993 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -1,100.525 Sep 2020 quarterly Mar 1999 - Sep 2020
Foreign Portfolio Investment (USD mn) -1,100.108 Sep 2020 quarterly Mar 1999 - Sep 2020
Foreign Portfolio Investment: % of GDP (%) -4.6 Sep 2020 quarterly Mar 1999 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.4 Sep 2020 quarterly Mar 1999 - Sep 2020
External Debt (USD mn) 55,295.1 Jan 2021 monthly Jan 1994 - Jan 2021
External Debt: % of GDP (%) 48.5 2019 yearly 1970 - 2019
External Debt: Short Term (USD mn) 692.2 Sep 2020 quarterly Mar 2004 - Sep 2020
External Debt: Short Term: % of GDP (%) 0.6 2019 yearly 1970 - 2019
Forecast: Current Account Balance (USD bn) 1.643 2026 yearly 1980 - 2026
Net International Investment Position (USD) -25,269,823,146.114 Dec 2020 quarterly Mar 2016 - Dec 2020
BoP: CA: Goods & Services: Goods (USD mn) 1,107.617 Sep 2020 quarterly Mar 2016 - Sep 2020
BoP: CA: Goods & Services: Services (USD mn) -225.606 Sep 2020 quarterly Mar 2016 - Sep 2020
Gross External Debt (USD mn) 51,346.497 Jun 2020 quarterly Mar 2004 - Jun 2020
Gross External Debt: Long Term (USD mn) 49,294.768 Sep 2020 quarterly Mar 2004 - Sep 2020
Foreign Direct Investment: BPM6 (USD th) 473,152.290 Sep 2020 quarterly Mar 2016 - Sep 2020
Foreign Direct Investment: Asia: China (USD th) 12,350.723 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: Europe: Netherlands (USD th) 23,806.340 Dec 2018 quarterly Mar 2002 - Dec 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.9 Mar 2021 monthly Jan 2006 - Mar 2021
Household Debt: % of GDP (%) 13.4 Sep 2020 quarterly Dec 2006 - Sep 2020
Non-Performing Loans (USD mn) 2,198.950 Mar 2021 monthly Jan 2006 - Mar 2021
Money Supply M1 (USD mn) 27,826.334 Jan 2021 monthly Dec 2006 - Jan 2021
Money Supply M2 (USD mn) 63,141.974 Jan 2021 monthly Dec 2006 - Jan 2021
M2 Growth (%) 9.6 Jan 2021 monthly Dec 2007 - Jan 2021
Reserve Requirement Ratio (%) 2.0 Jan 2021 monthly Dec 2009 - Jan 2021
Foreign Exchange Reserves (USD mn) 4,037.8 Mar 2021 monthly Dec 1956 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 1.434 Sep 2020 quarterly Dec 2000 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 2.7 Jan 2021 monthly Jan 2005 - Jan 2021
Gold Reserves (USD mn) 1,699.905 Mar 2021 monthly Dec 1956 - Mar 2021
Total Deposits Growth (%) 11.2 Mar 2021 monthly Jan 2007 - Mar 2021
Total Deposits (USD mn) 45,251.020 Mar 2021 monthly Jan 2006 - Mar 2021
Domestic Credit (USD mn) 48,166.7 Dec 2020 monthly Jan 2006 - Dec 2020
Domestic Credit Growth (%) 3.2 Mar 2021 monthly Jan 2007 - Mar 2021
Household Debt (USD mn) 13,820.8 Feb 2021 monthly Oct 2006 - Feb 2021
Total Loans (USD mn) 43,255.770 Jan 2021 monthly Jan 2006 - Jan 2021
Total Loans Growth (%) 1.37 Oct 2020 monthly Jan 2007 - Oct 2020
Private Debt: % of Nominal GDP (%) 43.84 Sep 2020 quarterly Mar 2004 - Sep 2020
EC: Financial Survey: MFSM 2000: Deposits (USD mn) 48,180.780 Feb 2021 monthly Jul 2002 - Feb 2021
EC: Financial Survey: MFSM 2000: Loans (USD mn) 81.130 Feb 2021 monthly Jul 2002 - Feb 2021
Money Supply M1 (USD mn) 27,274.795 Aug 2020 monthly Dec 2006 - Aug 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 1.0 Oct 2020 monthly May 2008 - Oct 2020
Business Confidence Index: Global (May2007=100) 1,463.200 Sep 2020 monthly May 2007 - Sep 2020
Business Confidence Index: Industry (May2007=100) 2,357.600 Sep 2020 monthly May 2007 - Sep 2020
Business Confidence Index: Commerce (May2007=100) 1,894.700 Sep 2020 monthly May 2007 - Sep 2020
Business Confidence Index: Construction (May2007=100) 527.800 Sep 2020 monthly May 2007 - Sep 2020
Business Confidence Index: Services (May2007=100) 1,198.100 Oct 2020 monthly May 2007 - Oct 2020

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