World Economic Outlook Database, April 2020

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5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
WEO Country CodeCountrySubject DescriptorUnitsScaleCountry/Series-specific Notes20142015201620172018201920202021
248EcuadorGross domestic product, constant pricesPercent change Source: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No3.7890.099-1.2262.3681.2890.054-6.2713.862
248EcuadorGross domestic product, current pricesPurchasing power parity; international dollarsBillionsSource: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No183.119185.209184.832192.772200.015203.611192.056203.363
248EcuadorGross domestic product per capita, constant pricesPurchasing power parity; percent change Source: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No2.152-1.447-2.7200.854-0.177-1.363-7.5692.423
248EcuadorInflation, average consumer pricesPercent change Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
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 from100.3.5893.9661.7280.417-0.2240.266-0.0051.163
248EcuadorInflation, end of period consumer pricesPercent change Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
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 from100.3.6673.3801.120-0.1970.266-0.0650.1362.263
248EcuadorUnemployment ratePercent of total labor force Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
Employment type: National definition
Primary domestic currency: U.S. dollar
Data last updated: 04/20203.8004.7705.2104.6203.6903.8406.4775.856
248EcuadorGeneral government net lending/borrowingPercent of GDP Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2019
Notes: The data for Ecuador reflect net lending/borrowing for the Non-Financial Public Sector (NFPS). Ecuadorian authorities, in the context of the EFF approved in March of 2019 and with the technical support from the IMF Staff, are undertaking revisions of the historical fiscal data for the net-lending borrowing of the NFSP with the view of correcting recently-identified statistical errors, mostly in the recording of revenues and expenditures of the local governments. Fiscal data reported in the table for 2018 and 2019 reflect the corrected series while the data for earlier years are still under revisions and will be corrected in the subsequent WEO releases as the authorities proceed with the corrections in the earlier years, going as far back as 2012. The authorities are also working on reconciling historical revenue and expenditure data with financing.
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: 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 40 percent of GDP 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.-5.224-6.119-8.232-4.461-3.132-2.799-7.034-4.412
248EcuadorCurrent account balancePercent of GDP Source: Central Bank
Latest actual data: 2018
BOP Manual used: Balance of Payments Manual, fifth edition (BPM5)-0.657-2.2371.322-0.472-1.384-0.363-5.684-3.593
Notes
  Country/Series-specific Notes  
  Ecuador: Gross domestic product, constant prices (Percent change)
Source: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No


Ecuador: Gross domestic product, current prices (Purchasing power parity; international dollars)
Source: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No


Ecuador: Gross domestic product per capita, constant prices (Purchasing power parity; percent change)
Source: Central Bank
Latest actual data: 2019
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) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007
Chain-weighted: No


Ecuador: Inflation, average consumer prices (Percent change)
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
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.


Ecuador: Inflation, end of period consumer prices (Percent change)
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
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.


Ecuador: Unemployment rate (Percent of total labor force)
Source: National Statistics Office. Source: INEC and Central Bank
Latest actual data: 2019
Employment type: National definition
Primary domestic currency: U.S. dollar
Data last updated: 04/2020


Ecuador: General government net lending/borrowing (Percent of GDP)
Source: Source: Central Bank and Ministry of Finance
Latest actual data: 2019
Notes: The data for Ecuador reflect net lending/borrowing for the Non-Financial Public Sector (NFPS). Ecuadorian authorities, in the context of the EFF approved in March of 2019 and with the technical support from the IMF Staff, are undertaking revisions of the historical fiscal data for the net-lending borrowing of the NFSP with the view of correcting recently-identified statistical errors, mostly in the recording of revenues and expenditures of the local governments. Fiscal data reported in the table for 2018 and 2019 reflect the corrected series while the data for earlier years are still under revisions and will be corrected in the subsequent WEO releases as the authorities proceed with the corrections in the earlier years, going as far back as 2012. The authorities are also working on reconciling historical revenue and expenditure data with financing.
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: 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 40 percent of GDP 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.


Ecuador: Current account balance (Percent of GDP)
Source: Central Bank
Latest actual data: 2018
BOP Manual used: Balance of Payments Manual, fifth edition (BPM5)


 
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