Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Ecuador economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Ecuador best banks and safest banks are also available.
WAIT AND SEE - As it tries to establish a new model for economic development, Ecuador presents a challenge for companies considering investing there. The country is politically stable, but its president, Rafael Correa, is a polarizing figure, both locally and abroad. It is economically vibrant, but much of its potential is tied to oil reserves located in ecologically sensitive areas ...
USD 2.2 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 107.5 billion (2018, estimate)
Intl$ 199.5 billion (2018, estimate)
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 2.2% | 6.4% | 0.6% | 3.5% | 7.9% | 5.6% | 4.9% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| 3.8% | 0.1% | -1.2% | 2.4% | 1.1% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.21% | 0.18% | 0.15% | 0.16% | 0.17% |
*Estimate
(2018 estimate)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 4% | 1.7% | 0.4% | -0.2% | 0.4% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 4.8% | 5.2% | 4.6% | 3.7% | 4.3% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 33.8% | 43.2% | 44.6% | 45.8% | 49.1% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -6.1% | -8.2% | -4.5% | -1.2% | 0% |
*Estimate
Standard & Poor's: B
Moody's: B3
Standard & Poor's / Moody's
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
-0.9% (2017 estimate)
20.7% (2015)
0.1% (2015)
0.05% (2015)
Petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish
Industrial materials, fuels and lubricants, nondurable consumer goods
US 39.5%, Chile 6.2%, Peru 5.1%, Vietnam 4.3%, Colombia 4.3% (2015)
US 27.1%, China 15.3%, Colombia 8.3%, Panama 4.9% (2015)
| 2013 | 2014 | 2015 |
| USD 727 million | USD 773 million | USD 1,060 million |
| 2013 | 2014 | 2015 |
| USD 63 million | USD 77 million | USD 60 million |
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 114 out of 190 countries (2016)
Subcategories:
Starting a business: 166 out of 190 countries
Enforcing Contracts: 96 out of 190 countries
Registering Property: 69 out of 190 countries
Getting credit: 101 out of 190 countries
Protecting investors: 118 out of 190 countries
Trading across border: 97 out of 190 countries
Paying Taxes: 137 out of 190 countries
Dealing with Construction Permits: 76 out of 190 countries
Getting Electricity: 95 out of 190 countries
Resolving Insolvency: 157 out of 190 countries
91 out of 138 countries
(2016-2017)
Ranking: 159 / Score: 48.56 (Repressed) (2017)
(100=totally free 0=totally repressed)
Spanish (Castilian) 93% (official), Quechua 4.1%, other indigenous 0.7%, foreign 2.2%
Note: Quechua and Shuar are official languages of intercultural relations; other indigenous languages are in official use by indigenous peoples in the areas they inhabit (2010 est.)
Roman Catholic 74%, Evangelical 10.4%, Jehovah's Witness 1.2%, other 6.4% (includes Mormon Buddhist, Jewish, Spiritualist, Muslim, Hindu, indigenous religions, African American religions, Pentecostal), atheist 7.9%, agnostic 0.1% (2012 est.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 10.43 million | 12.531 million | 15.012 million | 16.529 million | 17.757 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 34% | 47% | 60% | 64% |
Total population: 94.5%
Male: 95.4%
Female: 93.5% (2015 est.)
(age 15 and over can read and write)
3.5% (2014)
45.4 (2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 3
Civil Liberties: 4 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 15.49% Mobile 79.77% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)