Ecuador | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.91 0.89 0.87 0.86 0.85 percent [+]
Unemployment Rate 5.20 6.26 5.72 6.07 5.26 5.54 percent [+]
Inflation Rate 0.96 1.2 1.3 1.5 1.8 2.5 percent [+]
Interest Rate 8.25 9.8 8.8 9 9.5 10 percent [+]
Balance of Trade -4135.00 -56770 -100104 -114341 -117191 -117494 USD Thousand [+]
Government Debt to GDP 33.10 34.45 32.76 31.08 29.4 29.1 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Stock Market 1116.29 1070 1060 1050 1030 865 points [+]
Currency 99.76 105 110 115 120 115 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.91 0.89 0.87 0.86 0.85 percent [+]
GDP Annual Growth Rate -1.60 0.5 1.1 1.2 1.3 0.6 percent [+]
GDP 100.18 106 106 104 103 111 USD Billion [+]
GDP Constant Prices 17284285.00 17181356 17236988 17302961 17377515 18607609 USD THO [+]
Gross Fixed Capital Formation 4041850.00 3513841 3282907 3102490 2932509 931347 USD THO [+]
GDP per capita 5366.55 5390 5390 5442 5390 5500 USD [+]
GDP per capita PPP 10776.58 10750 10750 10750 10750 11590 USD [+]
Gdp From Agriculture 1307638.00 1331335 1339383 1345098 1352187 1466071 USD Thousand [+]
Gdp From Construction 1555386.00 1439790 1398121 1353399 1310222 1057624 USD Thousand [+]
Gdp From Manufacturing 2005237.00 1977018 1962615 1951735 1943251 1916665 USD Thousand [+]
Gdp From Mining 1731124.00 1751390 1747339 1743624 1738034 1737893 USD Thousand [+]
Gdp From Public Administration 1046059.00 1112416 1111352 1116496 1121255 1173834 USD Thousand [+]
Gdp From Services 1151770.00 1164236 1158987 1163755 1164621 1165186 USD Thousand [+]
Gdp From Transport 1181681.00 1176475 1176955 1182781 1188776 1305950 USD Thousand [+]
Gdp From Utilities 501348.00 486584 494366 502379 509828 595914 USD Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.20 6.26 5.72 6.07 5.26 5.54 percent [+]
Wages 478.00 472 480 489 498 600 USD/Month [+]
Population 16.53 16.59 16.65 16.71 16.78 17.53 Million [+]
Labor Force Participation Rate 67.30 68.59 67.39 68.69 67.41 67.63 percent [+]
Employment Rate 93.48 92.85 93.25 93.05 93.32 93.15 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.96 1.2 1.3 1.5 1.8 2.5 percent [+]
Consumer Price Index CPI 105.51 106 106 106 107 107 Index Points [+]
Producer Prices 103.04 103 103 103 103 104 Index Points [+]
Producer Prices Change -0.35 -0.41 -0.89 -0.81 -0.77 -0.8 percent [+]
Inflation Rate Mom 0.20 0.17 0.12 0.11 0.11 0.11 percent [+]
Food Inflation 1.20 1.04 0.92 0.91 0.91 0.91 percent [+]
Cpi Transportation 106.61 107 107 108 108 109 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 8.25 9.8 8.8 9 9.5 10 percent [+]
Interbank Rate 2.10 2.1 2.1 2.1 2.1 2.12 percent [+]
Money Supply M1 21915.11 22324 22751 23248 23742 29525 USD Million [+]
Money Supply M2 45265.04 46531 48121 49497 50747 59284 USD Million [+]
Foreign Exchange Reserves 4774.36 4679 4291 4176 4186 4202 USD Million [+]
Loans to Private Sector 13538.80 13799 14122 14350 14518 14960 USD Million [+]
Deposit Interest Rate 4.40 3.78 4.11 4.44 4.77 4.88 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -4135.00 -56770 -100104 -114341 -117191 -117494 USD Thousand [+]
Exports 1559240.00 1568443 1544192 1532720 1528416 1526064 USD Thousand [+]
Imports 1563375.00 1577680 1579056 1579226 1579340 1579372 USD Thousand [+]
Current Account 271.68 -121 -75.31 -16.48 13.18 -0.08 USD Million [+]
Current Account to GDP -0.60 0.1 0.09 0.09 0.08 -0.29 percent [+]
Capital Flows 460.93 -40.17 -44.14 -43.77 -34.23 -30.86 USD Million [+]
Remittances 666.40 644 680 674 680 678 USD Million [+]
Gold Reserves 11.79 11.79 11.79 11.79 11.79 11.79 Tonnes [+]
Crude Oil Production 534.00 536 536 537 537 537 BBL/D/1K [+]
Foreign Direct Investment 132.37 157 121 158 203 157 USD Million [+]
Terrorism Index 0.79 0.74 0.77 0.8 0.83 0.87 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 33.10 34.45 32.76 31.08 29.4 29.1 percent [+]
Government Budget -4.00 -2.49 -2.51 -2.53 -2.55 -1.18 percent of GDP [+]
Government Budget Value -811.92 -389 -380 -379 -379 -379 USD Million [+]
Government Spending 2441439.00 2538170 2519623 2536638 2522926 2528875 USD THO [+]
Government Revenues 1260.08 1511 1511 1509 1509 1508 USD Million [+]
Fiscal Expenditure 2072.00 1918 1912 1912 1912 1912 USD Million [+]
Military Expenditure 2591.70 2787 2703 2618 2563 2241 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 1177.50 1178 1180 1182 1183 1193 [+]
Industrial Production -3.73 -4.3 -2.06 -4.48 -4.9 -4.92 percent [+]
Changes in Inventories -7067.00 -125080 -115324 -123627 -120192 -120903 USD THO [+]
Leading Economic Index 102.66 103 102 102 102 101 Index Points [+]
Ease of Doing Business 114.00 119 119 119 119 122 [+]
Corruption Index 31.00 31 31 31 30 31 Points [+]
Corruption Rank 120.00 107 104 101 100 93 [+]
Competitiveness Index 3.96 4.04 4.04 4.04 4.04 3.86 Points [+]
Competitiveness Rank 91.00 76 76 76 78 83 [+]
Steel Production 50.00 49.85 49.33 49.35 49.44 49.42 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 40.10 32.89 32.69 32.35 32.33 32.16 [+]
Consumer Spending 10625109.00 10490798 10525659 10559078 10592035 10959413 USD THO [+]
Private Sector Credit 20418.38 20738 21090 21333 21500 21866 USD Million [+]
Consumer Credit 16524.83 16602 16713 16792 16855 17072 USD Million [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 3/23/2017