Ecuador | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.9 0.91 0.89 0.87 0.85 percent [+]
Unemployment Rate 6.70 6.64 7.44 6.86 7.03 7.04 percent [+]
Inflation Rate 1.31 1.2 1.2 1.3 1.5 2.5 percent [+]
Interest Rate 8.71 8.8 9.8 8.8 9 10 percent [+]
Balance of Trade 5050.00 -106865 -132985 -134263 -133581 -134649 USD Thousand [+]
Government Debt to GDP 33.10 29.4 29.41 29.43 29.44 29.1 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Stock Market 1041.81 1030 1020 1010 995 829 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.9 0.91 0.89 0.87 0.85 percent [+]
GDP Annual Growth Rate -2.20 -0.3 0.5 1.1 1 0.6 percent [+]
GDP 100.87 104 106 106 105 111 USD Billion [+]
GDP Constant Prices 17209819.00 17138218 17181356 17236988 17302961 18607609 USD THO [+]
Gross Fixed Capital Formation 3973766.00 3591045 3513841 3282907 3102490 931347 USD THO [+]
GDP per capita 5337.17 5340 5390 5390 5495 5500 USD [+]
GDP per capita PPP 10717.60 10710 10750 10750 10750 11590 USD [+]
Gdp From Agriculture 1324384.00 1331335 1339383 1345098 1352187 1466071 USD Thousand [+]
Gdp From Construction 1576935.00 1439790 1398121 1353399 1310222 1057624 USD Thousand [+]
Gdp From Manufacturing 2016856.00 1977018 1962615 1951735 1943251 1916665 USD Thousand [+]
Gdp From Mining 1724785.00 1751390 1747339 1743624 1738034 1737893 USD Thousand [+]
Gdp From Public Administration 1097499.00 1112416 1111352 1116496 1121255 1173834 USD Thousand [+]
Gdp From Services 1151237.00 1164236 1158987 1163755 1164621 1165186 USD Thousand [+]
Gdp From Transport 1165667.00 1176475 1176955 1182781 1188776 1305950 USD Thousand [+]
Gdp From Utilities 477446.00 486584 494366 502379 509828 595914 USD Thousand [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 6.70 6.64 7.44 6.86 7.03 7.04 percent [+]
Wages 478.00 498 501 504 507 600 USD/Month [+]
Population 16.28 16.63 16.72 16.8 16.88 17.94 Million [+]
Labor Force Participation Rate 69.20 68.08 69.28 68.18 69.25 68.42 percent [+]
Employment Rate 93.32 93.58 92.85 93.25 93.05 93.15 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.31 1.2 1.2 1.3 1.5 2.5 percent [+]
Consumer Price Index CPI 105.20 105 105 105 105 105 Index Points [+]
Producer Prices 102.70 103 103 103 103 103 Index Points [+]
Producer Prices Change 0.77 0.53 1.24 1.24 1.19 1.21 percent [+]
Inflation Rate Mom -0.08 0.09 0.1 0.1 0.1 0.1 percent [+]
Food Inflation 1.64 1.44 1.4 1.4 1.4 1.4 percent [+]
Cpi Transportation 105.95 106 106 107 107 107 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 8.71 8.8 9.8 8.8 9 10 percent [+]
Interbank Rate 2.10 2.1 2.1 2.11 2.11 2.16 percent [+]
Money Supply M1 20654.34 21185 21575 21960 22342 26849 USD Million [+]
Money Supply M2 43461.82 45195 45698 46774 47962 69503 USD Million [+]
Foreign Exchange Reserves 4274.62 4014 3755 3745 3774 3778 USD Million [+]
Loans to Private Sector 12569.73 12757 12834 12912 12965 13089 USD Million [+]
Deposit Interest Rate 4.40 4.77 4.68 4.59 4.5 4.88 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 5050.00 -106865 -132985 -134263 -133581 -134649 USD Thousand [+]
Exports 1406648.00 1384323 1384226 1386978 1388608 1389408 USD Thousand [+]
Imports 1401598.00 1423676 1445721 1438048 1448716 1439542 USD Thousand [+]
Current Account 865.22 168 -8.97 -13.83 11.91 8.15 USD Million [+]
Current Account to GDP -0.60 0.08 0.03 -0.01 -0.06 -0.29 percent [+]
Capital Flows 34.32 -67.08 -40.17 -44.14 -43.77 -30.86 USD Million [+]
Remittances 669.48 686 656 690 690 694 USD Million [+]
Gold Reserves 11.79 11.79 11.79 11.79 11.79 11.79 Tonnes [+]
Crude Oil Production 542.00 546 545 546 546 546 BBL/D/1K [+]
Foreign Direct Investment 38.32 349 159 140 215 175 USD Million [+]
Terrorism Index 0.79 0.83 0.84 0.84 0.85 0.87 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 33.10 29.4 29.41 29.43 29.44 29.1 percent [+]
Government Budget -4.00 -2.55 -2.28 -2.01 -1.74 -1.18 percent of GDP [+]
Government Budget Value -923.23 -456 -389 -380 -379 -379 USD Million [+]
Government Spending 2516920.00 2518699 2538170 2519623 2536638 2528875 USD THO [+]
Government Revenues 1372.37 1495 1511 1511 1509 1508 USD Million [+]
Fiscal Expenditure 2295.61 1867 1918 1912 1912 1912 USD Million [+]
Military Expenditure 2591.70 2787 2703 2618 2563 2241 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 1168.40 1172 1178 1184 1189 1233 [+]
Industrial Production -3.73 -1.43 -4.3 -2.06 -4.48 -4.92 percent [+]
Changes in Inventories -148667.00 -121202 -125080 -115324 -123627 -120903 USD THO [+]
Leading Economic Index 101.68 101 101 101 101 101 Index Points [+]
Steel Production 50.00 49.98 49.98 49.97 49.97 49.97 Thousand Tonnes [+]
Competitiveness Index 3.96 4.04 4.04 4.04 4.04 3.86 Points [+]
Competitiveness Rank 91.00 76 76 76 78 83 [+]
Ease of Doing Business 114.00 119 119 119 119 122 [+]
Corruption Index 32.00 31.82 31.71 31.6 31.49 29.99 Points [+]
Corruption Rank 107.00 107 104 101 100 93 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 34.00 33.68 32.89 32.69 32.35 32.16 [+]
Consumer Spending 10373014.00 10447911 10490798 10525659 10559078 10959413 USD THO [+]
Private Sector Credit 19253.32 19394 19468 19520 19554 19624 USD Million [+]
Consumer Credit 16210.50 16596 16917 17175 17380 18158 USD Million [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 14.00 14 14 14 14 14 percent [+]
Social Security Rate 21.60 21.6 21.6 21.6 21.6 21.6 percent [+]
Social Security Rate For Companies 12.15 12.15 12.15 12.15 12.15 12.15 percent [+]
Social Security Rate For Employees 9.45 9.45 9.45 9.45 9.45 9.45 percent [+]





Economic Forecasts for Ecuador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ecuador economy. 12/3/2016