Ecuador |
Gross domestic product, constant prices |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Notes: The national accounts have been updated from 2002 onwards. Prior to 2002 the data are adjusted to produce smooth series with the use of splicing technique. These estimates continue to serve as proxies for historical series when complete information is unavailable.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No
Primary domestic currency: US dollar
Data last updated: 09/2021
|
71.879 |
66.308 |
68.162 |
70.552 |
72.334 |
74.211 |
76.254 |
78.353 |
2020 |
Ecuador |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
0.012 |
-7.750 |
2.796 |
3.506 |
2.526 |
2.595 |
2.752 |
2.753 |
2020 |
Ecuador |
Gross domestic product, current prices |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Notes: The national accounts have been updated from 2002 onwards. Prior to 2002 the data are adjusted to produce smooth series with the use of splicing technique. These estimates continue to serve as proxies for historical series when complete information is unavailable.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No
Primary domestic currency: US dollar
Data last updated: 09/2021
|
108.108 |
98.808 |
104.483 |
109.975 |
114.076 |
118.502 |
123.202 |
128.089 |
2020 |
Ecuador |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
108.108 |
98.808 |
104.483 |
109.975 |
114.076 |
118.502 |
123.202 |
128.089 |
2020 |
Ecuador |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
205.887 |
192.219 |
204.713 |
217.724 |
228.534 |
239.808 |
251.761 |
264.052 |
2020 |
Ecuador |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
150.402 |
149.013 |
153.286 |
155.877 |
157.706 |
159.681 |
161.568 |
163.477 |
2020 |
Ecuador |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
4,162.571 |
3,786.754 |
3,838.680 |
3,918.221 |
3,961.509 |
4,007.986 |
4,061.232 |
4,115.192 |
2020 |
Ecuador |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
11,440.185 |
10,407.309 |
10,550.021 |
10,768.628 |
10,887.598 |
11,015.331 |
11,161.671 |
11,309.972 |
2020 |
Ecuador |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
6,260.603 |
5,642.740 |
5,884.147 |
6,107.600 |
6,247.542 |
6,400.011 |
6,561.663 |
6,727.375 |
2020 |
Ecuador |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
6,260.603 |
5,642.740 |
5,884.147 |
6,107.600 |
6,247.542 |
6,400.011 |
6,561.663 |
6,727.375 |
2020 |
Ecuador |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
11,923.018 |
10,977.259 |
11,528.788 |
12,091.567 |
12,516.045 |
12,951.507 |
13,408.651 |
13,868.353 |
2020 |
Ecuador |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.153 |
0.146 |
0.142 |
0.140 |
0.138 |
0.137 |
0.137 |
0.136 |
2020 |
Ecuador |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.525 |
0.514 |
0.510 |
0.505 |
0.499 |
0.494 |
0.489 |
0.485 |
2020 |
Ecuador |
Total investment |
Percent of GDP |
|
Source: Central Bank
Latest actual data: 2020
Notes: The national accounts have been updated from 2002 onwards. Prior to 2002 the data are adjusted to produce smooth series with the use of splicing technique. These estimates continue to serve as proxies for historical series when complete information is unavailable.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No
Primary domestic currency: US dollar
Data last updated: 09/2021
|
25.906 |
23.117 |
26.440 |
27.289 |
27.399 |
27.620 |
27.406 |
27.720 |
2020 |
Ecuador |
Gross national savings |
Percent of GDP |
|
Source: Central Bank
Latest actual data: 2020
Notes: The national accounts have been updated from 2002 onwards. Prior to 2002 the data are adjusted to produce smooth series with the use of splicing technique. These estimates continue to serve as proxies for historical series when complete information is unavailable.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No
Primary domestic currency: US dollar
Data last updated: 09/2021
|
25.849 |
25.616 |
28.149 |
29.023 |
29.346 |
29.576 |
29.539 |
29.752 |
2020 |
Ecuador |
Inflation, average consumer prices |
Index |
|
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2020
Notes: The price Ecuador receives for its oil exports is subject to effects of marketing and discounts for the quality of the Ecuadorian mix. These effects are variable over time. Therefore, while the price of Ecuadorian oil moves in tandem with world prices, deviations are to be expected in projection.
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2014. The authorities introduced the series with base in 2014 in 2015, and presents data for this year onwards. Prior years are obtained by splicing the series backwards with the old CPI series. As a result the base year is different from100.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
105.486 |
105.129 |
105.121 |
107.368 |
109.329 |
110.969 |
112.412 |
113.536 |
2020 |
Ecuador |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
0.266 |
-0.339 |
-0.007 |
2.138 |
1.826 |
1.500 |
1.300 |
1.000 |
2020 |
Ecuador |
Inflation, end of period consumer prices |
Index |
|
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2020
Notes: The price Ecuador receives for its oil exports is subject to effects of marketing and discounts for the quality of the Ecuadorian mix. These effects are variable over time. Therefore, while the price of Ecuadorian oil moves in tandem with world prices, deviations are to be expected in projection.
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2014. The authorities introduced the series with base in 2014 in 2015, and presents data for this year onwards. Prior years are obtained by splicing the series backwards with the old CPI series. As a result the base year is different from100.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
105.215 |
104.233 |
106.132 |
108.422 |
110.185 |
111.618 |
112.845 |
113.974 |
2020 |
Ecuador |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
-0.065 |
-0.933 |
1.822 |
2.157 |
1.626 |
1.300 |
1.100 |
1.000 |
2020 |
Ecuador |
Volume of imports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2014
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
0.772 |
-14.151 |
13.521 |
5.372 |
1.905 |
2.468 |
1.831 |
2.453 |
2020 |
Ecuador |
Volume of Imports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2014
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
0.366 |
-11.335 |
12.207 |
5.288 |
1.699 |
2.559 |
1.858 |
2.361 |
2020 |
Ecuador |
Volume of exports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2014
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
7.487 |
0.236 |
-0.832 |
5.422 |
5.083 |
3.557 |
3.757 |
2.767 |
2020 |
Ecuador |
Volume of exports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2014
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
8.013 |
5.082 |
-1.617 |
5.342 |
3.997 |
2.604 |
2.976 |
2.867 |
2020 |
Ecuador |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2020
Employment type: National definition
Primary domestic currency: US dollar
Data last updated: 09/2021
|
3.840 |
5.336 |
4.588 |
4.202 |
4.070 |
3.917 |
3.723 |
3.654 |
2020 |
Ecuador |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2020
Primary domestic currency: US dollar
Data last updated: 09/2021
|
17.268 |
17.511 |
17.757 |
18.006 |
18.259 |
18.516 |
18.776 |
19.040 |
2020 |
Ecuador |
General government revenue |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
36.389 |
29.408 |
34.689 |
37.223 |
38.521 |
39.423 |
40.428 |
41.637 |
2020 |
Ecuador |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
33.660 |
29.763 |
33.200 |
33.847 |
33.768 |
33.268 |
32.815 |
32.507 |
2020 |
Ecuador |
General government total expenditure |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
39.354 |
35.476 |
37.111 |
37.138 |
37.148 |
37.732 |
38.730 |
40.301 |
2020 |
Ecuador |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
36.402 |
35.904 |
35.518 |
33.770 |
32.564 |
31.841 |
31.436 |
31.463 |
2020 |
Ecuador |
General government net lending/borrowing |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-2.965 |
-6.068 |
-2.422 |
0.085 |
1.373 |
1.690 |
1.699 |
1.337 |
2020 |
Ecuador |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-2.743 |
-6.141 |
-2.318 |
0.077 |
1.204 |
1.426 |
1.379 |
1.044 |
2020 |
Ecuador |
General government structural balance |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-3.129 |
-4.562 |
-1.999 |
0.217 |
1.559 |
1.874 |
1.931 |
1.508 |
2020 |
Ecuador |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-2.879 |
-4.446 |
-1.922 |
0.200 |
1.397 |
1.629 |
1.628 |
1.226 |
2020 |
Ecuador |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-0.045 |
-3.283 |
-1.150 |
1.587 |
3.066 |
3.634 |
3.980 |
3.930 |
2020 |
Ecuador |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-0.042 |
-3.323 |
-1.101 |
1.443 |
2.687 |
3.067 |
3.231 |
3.069 |
2020 |
Ecuador |
General government gross debt |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
55.580 |
60.458 |
63.687 |
65.894 |
66.040 |
66.583 |
65.124 |
63.577 |
2020 |
Ecuador |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
51.411 |
61.188 |
60.954 |
59.918 |
57.891 |
56.187 |
52.859 |
49.635 |
2020 |
Ecuador |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2020
Notes: The fiscal data for Ecuador reflects net lending/borrowing for the nonfinancial public sector. Ecuadorian authorities, with the technical support from the IMF, are undertaking revisions of the historical fiscal data for the net lending/borrowing of the nonfinancial public sector over the period 2012-2017, with the view of correcting recently identified statistical errors in data compilation at the subnational level and the consistency between above the line and financing data by subsectors.
Fiscal assumptions: All the fiscal series are based on 1986 methodology. The authorities have adopted a non-standard accounting methodology for budgetary purposes. Staff does not use this methodology.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 1986
Basis of recording: Mixed
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value. In late 2016, the authorities changed the definition of debt to a consolidated basis; both the historic (since 2001) and projection numbers are now presented on a consolidated basis. The IMF's definition of debt includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition. The debt limit applies only to the official debt definition.
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other;. Other includes advanced oil sales, treasury certificates, central bank loans, and domestic arrears that are excluded from the official debt definition.
Primary domestic currency: US dollar
Data last updated: 09/2021
|
108.108 |
98.808 |
104.483 |
109.975 |
114.076 |
118.502 |
123.202 |
128.089 |
2020 |
Ecuador |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-0.061 |
2.469 |
1.786 |
1.906 |
2.222 |
2.318 |
2.628 |
2.602 |
2020 |
Ecuador |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
-0.057 |
2.499 |
1.709 |
1.733 |
1.948 |
1.956 |
2.133 |
2.032 |
2020 |