Ecuador Domestic Credit Growth

2007 - 2024 | Monthly | % | CEIC Data

Key information about Ecuador Domestic Credit Growth

  • Ecuador Domestic Credit increased 9.4 % YoY in Feb 2024, compared with an increase of 9.7 % YoY in the previous month
  • Ecuador Domestic Credit Growth YoY data is updated monthly
  • It averaged 13.0 %, available from Jan 2007 to Feb 2024
  • The data reached an all-time high of 59.8 % in Nov 2010 and a record low of -6.8 % in Apr 2008

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The Central Bank of Ecuador provides Domestic Credit in USD.


Further information about Ecuador Domestic Credit Growth

  • In the latest reports, Ecuador Domestic Credit reached 71.1 USD bn in Feb 2024
  • Money Supply M2 in Ecuador increased to 79.3 USD bn YoY in Jan 2024
  • Ecuador Foreign Exchange Reserves was measured at 3.3 USD bn in Feb 2024
  • The Foreign Exchange Reserves equaled 1.1 Months of Import in Jan 2024
  • The country's Non Performing Loans Ratio stood at 5.7 % in Feb 2024, compared with the ratio of 5.5 % in the previous month
  • Household Debt of Ecuador reached 16.3 % in Sep 2023, accounting for 16.3 % of the country's Nominal GDP

View Ecuador's Domestic Credit Growth from Jan 2007 to Feb 2024 in the chart:

Ecuador Domestic Credit Growth

What was Ecuador's Domestic Credit Growth in Feb 2024?

Ecuador Domestic Credit increased 9.4 % YoY in Feb 2024, compared with an increase of 9.7 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.4 Feb 2024 9.7 Jan 2024 -6.8 Apr 2008 59.8 Nov 2010 % monthly Jan 2007 - Feb 2024

Domestic Credit Growth by Country Comparison

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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 2.3 Feb 2024 monthly Dec 2003 - Feb 2024
Algeria (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Argentina (%) 342.6 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (%) 16.7 Jan 2024 monthly Dec 1994 - Jan 2024
Australia (%) -2.2 Jan 2024 monthly Dec 2002 - Jan 2024
Austria (%) -1.2 Jan 2024 monthly Jan 2000 - Jan 2024
Azerbaijan (%) 2.5 Jan 2024 monthly Dec 2002 - Jan 2024
Bahrain (%) 4.8 Jan 2024 monthly Sep 1992 - Jan 2024
Bangladesh (%) 12.1 Feb 2024 monthly Jul 1988 - Feb 2024
Belarus (%) 17.3 Feb 2024 monthly Dec 2007 - Feb 2024
Belgium (%) 0.8 Jan 2024 monthly Jan 2000 - Jan 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 10.1 Feb 2024 monthly Aug 1998 - Feb 2024
Botswana (%) 8.6 Sep 2023 quarterly Dec 2005 - Sep 2023
Brazil (%) 14.6 Feb 2024 monthly Dec 2002 - Feb 2024
Brunei (%) 34.6 Nov 2023 monthly Jan 2000 - Nov 2023
Bulgaria (%) 18.1 Jan 2024 monthly Dec 1994 - Jan 2024
Cambodia (%) 4.9 Feb 2024 monthly Dec 1995 - Feb 2024
Canada (%) 2.5 Jan 2024 monthly Jan 1970 - Jan 2024
Chile (%) 4.4 Jan 2024 monthly Dec 1979 - Jan 2024
China (%) 10.4 Jan 2024 monthly Jun 2000 - Jan 2024
Colombia (%) 5.4 Jan 2024 monthly Jan 1994 - Jan 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -6.1 Jan 2024 monthly Nov 2006 - Jan 2024
Czech Republic (%) 10.9 Feb 2024 monthly Jan 2003 - Feb 2024
Denmark (%) -3.6 Jan 2024 monthly Dec 2002 - Jan 2024
Ecuador (%) 9.4 Feb 2024 monthly Jan 2007 - Feb 2024
Egypt (%) 26.3 Feb 2024 monthly Jan 1997 - Feb 2024
Estonia (%) 8.9 Jan 2024 monthly Jun 1993 - Jan 2024
European Union (%) -0.9 Jan 2024 monthly Sep 1998 - Jan 2024
Finland (%) -3.8 Jan 2024 monthly Jan 2000 - Jan 2024
France (%) 1.6 Jan 2024 monthly Jan 2000 - Jan 2024
Georgia (%) 16.9 Feb 2024 monthly Oct 1996 - Feb 2024
Germany (%) -1.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ghana (%) -0.4 Dec 2023 monthly Jan 1968 - Dec 2023
Greece (%) 2.6 Jan 2024 monthly Jan 2002 - Jan 2024
Hong Kong SAR, China (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Hungary (%) -2.1 Feb 2024 monthly Jan 1999 - Feb 2024
Iceland (%) 3.6 Feb 2024 monthly Sep 1994 - Feb 2024
India (%) 12.0 Jan 2024 monthly Mar 2000 - Jan 2024
Indonesia (%) 8.4 Feb 2024 monthly Jan 2005 - Feb 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -1.8 Jan 2024 monthly Jan 2000 - Jan 2024
Israel (%) 5.4 Jan 2024 monthly Dec 2000 - Jan 2024
Italy (%) -4.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ivory Coast (%) 12.5 Dec 2023 monthly Jan 1965 - Dec 2023
Japan (%) 3.3 Jan 2024 monthly Apr 2004 - Jan 2024
Jordan (%) 4.8 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (%) 23.1 Feb 2024 monthly Dec 2002 - Feb 2024
Kenya (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
South Korea (%) 4.9 Feb 2024 monthly Dec 2002 - Feb 2024
Kosovo (%) 12.9 Feb 2024 monthly Nov 2008 - Feb 2024
Kuwait (%) 0.2 Jan 2024 monthly Jan 1995 - Jan 2024
Kyrgyzstan (%) 26.2 Jan 2024 monthly Dec 2003 - Jan 2024
Laos (%) 23.4 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (%) 6.6 Jan 2024 monthly Jul 2004 - Jan 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 0.3 Jan 2024 monthly Dec 1994 - Jan 2024
Luxembourg (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 0.8 Feb 2024 monthly Jun 1985 - Feb 2024
North Macedonia (%) 5.7 Feb 2024 monthly Jan 2004 - Feb 2024
Malawi (%) 32.4 Jan 2024 monthly Jan 1976 - Jan 2024
Malaysia (%) 6.8 Feb 2024 monthly Jan 1988 - Feb 2024
Malta (%) 5.9 Feb 2024 monthly Jan 2009 - Feb 2024
Mauritius (%) 9.3 Feb 2024 monthly Jun 2006 - Feb 2024
Mexico (%) 8.2 Jan 2024 monthly Dec 2002 - Jan 2024
Moldova (%) 8.1 Feb 2024 monthly Jan 2001 - Feb 2024
Mongolia (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
Montenegro (%) 7.7 Feb 2024 monthly Jan 2006 - Feb 2024
Morocco (%) 3.5 Feb 2024 monthly Dec 2002 - Feb 2024
Mozambique (%) 5.0 Jan 2024 monthly Dec 2002 - Jan 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.4 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -3.2 Jan 2024 monthly Dec 2002 - Jan 2024
New Zealand (%) 0.8 Feb 2024 monthly Mar 1989 - Feb 2024
Nigeria (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024
Norway (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Oman (%) 2.9 Jan 2024 monthly Dec 2000 - Jan 2024
Pakistan (%) 20.4 Feb 2024 monthly Jun 2009 - Feb 2024
Palestinian Territory (%) 8.3 Feb 2024 monthly Dec 1999 - Feb 2024
Panama (%) 4.7 Feb 2024 monthly Dec 2002 - Feb 2024
Paraguay (%) 8.4 Feb 2024 monthly Dec 2002 - Feb 2024
Peru (%) 8.4 Nov 2023 monthly Jan 1993 - Nov 2023
Philippines (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Poland (%) 3.1 Feb 2024 monthly Dec 1997 - Feb 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 3.7 Feb 2024 monthly Jan 2008 - Feb 2024
Romania (%) 11.5 Feb 2024 monthly Dec 2005 - Feb 2024
Russia (%) 24.6 Feb 2024 monthly Dec 2001 - Feb 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -3.0 Feb 2024 monthly Dec 2004 - Feb 2024
Singapore (%) -1.1 Feb 2024 monthly Mar 2005 - Feb 2024
Slovakia (%) 2.3 Jan 2024 monthly Jan 2007 - Jan 2024
Slovenia (%) -2.2 Jan 2024 monthly Jan 2005 - Jan 2024
South Africa (%) 6.3 Feb 2024 monthly Mar 1966 - Feb 2024
Spain (%) -4.2 Jan 2024 monthly Jan 2000 - Jan 2024
Sri Lanka (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -4.5 Jan 2024 monthly Dec 2002 - Jan 2024
Switzerland (%) 1.7 Feb 2024 monthly Dec 1988 - Feb 2024

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Ecuador Key Series

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Includes 186 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 (%) -3.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -3,149.723 Dec 2023 quarterly Mar 2000 - Dec 2023
Tax Revenue (USD mn) 3,251.591 Dec 2023 quarterly Mar 2000 - Dec 2023
Tax Revenue: % of GDP (%) 10.4 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 79,608.5 Dec 2023 quarterly Dec 2005 - Dec 2023
Government Debt: % of GDP (%) 67.0 Dec 2023 quarterly Dec 2005 - Dec 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) -404.913 Feb 2024 monthly Jan 2006 - Feb 2024
Central Government: Balance (USD mn) 404.913 Feb 2024 monthly Jan 2006 - Feb 2024
Central Government: Expenditure excl Amortization (USD mn) 1,461.865 Feb 2024 monthly Jan 2006 - Feb 2024
Central Government: Revenue (USD mn) 1,866.778 Feb 2024 monthly Jan 2006 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.962 2028 yearly 1980 - 2028
Trade Balance (USD mn) 678.9 Feb 2024 monthly Mar 1992 - Feb 2024
Total Exports (USD mn) 2,528.2 Apr 2023 monthly Jan 1965 - Apr 2023
Total Exports Growth (%) 5.8 Feb 2024 monthly Jan 1966 - Feb 2024
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) 2,101.1 Feb 2024 monthly Jan 1957 - Feb 2024
Total Imports Growth (%) -13.6 Feb 2024 monthly Jan 1958 - Feb 2024
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) 602.367 Feb 2024 monthly Jan 2007 - Feb 2024
Total Imports from USA (USD mn) 426.736 Feb 2024 monthly Jan 1973 - Feb 2024
Total Exports to China (USD mn) 293.108 Feb 2024 monthly Jan 2007 - Feb 2024
Total Imports from China (USD mn) 477.216 Feb 2024 monthly May 1992 - Feb 2024
Terms of Trade Index: 2007=100 (2007=100) 98.162 Feb 2024 monthly Jan 2014 - Feb 2024
BCE Forecast: Trade Balance: 2018=100 (USD mn) 1,624.994 2024 yearly 2024 - 2024
Exports: FOB: Petroleum: Crude Petroleum (USD th) 684,286.538 Feb 2024 monthly Jan 2005 - Feb 2024
Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) 347,632.603 Feb 2024 monthly Jan 2005 - Feb 2024
BCE Forecast: Exports: fob: 2018=100 (USD th) 34,410,658.000 2024 yearly 2024 - 2024
Exports: FOB: America: United States (USD mn) 602.367 Feb 2024 monthly Jan 2007 - Feb 2024
Exports: FOB: America: ALADI: Panama (USD mn) 514.061 Feb 2024 monthly Jan 2012 - Feb 2024
Exports: FOB: Asia: People's Republic of China (USD mn) 293.108 Feb 2024 monthly Jan 2007 - Feb 2024
BCE Forecast: Imports: fob: 2018=100 (USD th) 32,785,664.000 2024 yearly 2024 - 2024
Imports: CIF: Consumer Goods: Non Durable (USD th) 269,205.022 Feb 2024 monthly Jan 2005 - Feb 2024
Imports: CIF: Fuels And Lubricants (USD th) 469,016.611 Feb 2024 monthly Jan 2005 - Feb 2024
Imports: CIF: America: ALADI: Panama (USD mn) 8.696 Feb 2024 monthly Mar 2019 - Feb 2024
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) 522.8 Dec 2023 quarterly Mar 1993 - Dec 2023
Current Account Balance: % of GDP (%) 1.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) 87.4 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment: % of GDP (%) 0.3 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Portfolio Investment (USD mn) -1.947 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 1.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -2.923 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt (USD mn) 57,327.9 Feb 2024 monthly Jan 1994 - Feb 2024
External Debt: % of GDP (%) 49.0 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 1,197.6 Dec 2023 quarterly Mar 2004 - Dec 2023
External Debt: Short Term: % of GDP (%) 1.0 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) 2.607 2028 yearly 1980 - 2028
Net International Investment Position (USD) -23,519,416,668.955 Dec 2023 quarterly Mar 2016 - Dec 2023
BoP: CA: Goods & Services: Goods (USD mn) 265.252 Dec 2023 quarterly Mar 2016 - Dec 2023
BoP: CA: Goods & Services: Services (USD mn) -473.931 Dec 2023 quarterly Mar 2016 - Dec 2023
Gross External Debt: Long Term (USD mn) 57,533.038 Dec 2023 quarterly Mar 2004 - Dec 2023
Gross External Debt (USD mn) 59,480.153 Dec 2023 quarterly Mar 2004 - Dec 2023
External Debt: Private (USD mn) 10,133.476 Feb 2024 monthly Jan 1994 - Feb 2024
External Debt: Public (USD mn) 47,194.427 Feb 2024 monthly Jan 1994 - Feb 2024
Foreign Direct Investment: BPM6 (USD th) 87,448.549 Dec 2023 quarterly Mar 2016 - Dec 2023
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 (%) 5.7 Feb 2024 monthly Jan 2006 - Feb 2024
Household Debt: % of GDP (%) 16.8 Dec 2023 quarterly Dec 2006 - Dec 2023
Non-Performing Loans (USD mn) 3,570.111 Feb 2024 monthly Jan 2006 - Feb 2024
Money Supply M1 (USD mn) 29,922.628 Feb 2024 monthly Dec 2006 - Feb 2024
Money Supply M2 (USD mn) 80,099.186 Feb 2024 monthly Dec 2006 - Feb 2024
M2 Growth (%) 6.3 Feb 2024 monthly Dec 2007 - Feb 2024
Reserve Requirement Ratio (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022
Foreign Exchange Reserves (USD mn) 3,379.0 Mar 2024 monthly Dec 1956 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 2.232 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 1.6 Feb 2024 monthly Jan 2005 - Feb 2024
Gold Reserves (USD mn) 1,871.043 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 60,505.905 Feb 2024 monthly Jan 2006 - Feb 2024
Total Deposits Growth (%) 7.3 Feb 2024 monthly Jan 2007 - Feb 2024
Domestic Credit (USD mn) 71,061.9 Feb 2024 monthly Jan 2006 - Feb 2024
Domestic Credit Growth (%) 9.4 Feb 2024 monthly Jan 2007 - Feb 2024
Household Debt (USD mn) 20,338.4 Mar 2024 monthly Oct 2006 - Mar 2024
Total Loans (USD mn) 62,673.836 Feb 2024 monthly Jan 2006 - Feb 2024
Total Loans Growth (%) 8.20 Feb 2024 monthly Jan 2007 - Feb 2024
Private Debt: % of Nominal GDP (%) 53.84 Dec 2023 quarterly Mar 2004 - Dec 2023
International Reserve: Net Currency Position (USD mn) 3,379.014 Mar 2024 monthly Jan 2004 - Mar 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 17.8 Feb 2024 monthly Feb 2011 - Feb 2024
Business Confidence Index: Commerce (May2007=100) 2,200.300 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: 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

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