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 |
-1.4 % (2018 estimate)
22.8% (2018)
0.11% (2018)
0.04% (2018)
Petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish
Industrial materials, fuels and lubricants, nondurable consumer goods
US 31.5%, Vietnam 7.6%, Peru 6.7%, Chile 6.5%, Panama 4.9%, Russia 4.4%, China 4%(2017)
US 22.8%, China 15.4%, Colombia 8.7%, Panama 6.4%, Brazil 4.4%, Peru 4.2% (2017)
| 2016 | 2017 | 2018 |
| USD 767 million | USD 618 million | USD 1,401 million |
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
| 2015 | 2016 | 2017 | 2018 |
| 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:
129 out of 190 countries
Subcategories:
Starting a Business: 177 out of 190 countries
Dealing with Construction Permits: 114 out of 190 countries
Getting Electricity: 100 out of 190 countries
Registering Property: 73 out of 190 countries
Getting Credit: 119 out of 190 countries
Protecting Minority Investors: 114 out of 190 countries
Paying Taxes: 147 out of 190 countries
Trading across Borders: 103 out of 190 countries
Enforcing Contracts: 96 out of 190 countries
Resolving Insolvency: 160 out of 190 countries
90 out of 141 countries
(2019)
Ranking: 170 / Score: 46.9 (Repressed)
(100=totally free 0=totally repressed)
Spanish (Castilian) 93% (official), Quechua 4.1%, other indigenous 0.7%, foreign 2.2% (2010 est.)
Roman Catholic 74%, Evangelical 10.4%, Jehovah's Witness 1.2%, other 6.4% (includes Mormon, Buddhist, Jewish, Spiritualist, Muslim, Hindu, indigenous, African American, Pentecostal), atheist 7.9%, agnostic 0.1% (2012 est.)
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 10.43 million | 12.53 million | 15.01 million | 16.28 million | 17.51 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 33.9% | 47% | 60.3% | 63.8% |
Total population: 94.4%
Male: 95.4%
Female: 93.3%
Definition: age 15 and over can read and write (2016 est.)
8.7% (last available estimate, 2017)
44.7 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 13.8%
Mobile: 92.3%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)