Ecuador GDP Growth Rate 2000-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Ecuador expanded 0.50 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Ecuador averaged 1.15 Percent from 2000 until 2014, reaching an all time high of 3.40 Percent in the fourth quarter of 2003 and a record low of -1.90 Percent in the second quarter of 2003. GDP Growth Rate in Ecuador is reported by the Banco Central del Ecuador.

   
 
 

Ecuador GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.70 3.40 -1.90 2000 - 2014 Percent Quarterly
Ecuador is the seventh largest economy in Latin America. From 2000 to 2012, the country has been expanding at an average rate of 1.15 percent on a quarter over quarter basis, mostly due to a rise in exports. Ecuador´s economy is highly dependent on oil exports. Shipments of oil account for 58 percent of total exports and for almost two fifths of government revenue. In order to reach its full growth potential, the country needs to reduce its dependence on oil revenue; increase the tax base; achieve political stability and reduce the levels of poverty and inequality. This page provides - Ecuador GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Ecuador GDP Growth Rate - was last refreshed on Sunday, October 26, 2014.

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-06 12:00 AM Ecuador
GDP Growth Rate QoQ
Q1 2013 0.2% 1.2% (R) 0.9%
2013-11-01 10:00 PM Ecuador
GDP Growth Rate QoQ
Q2 2013 1.2 1% (R) 0.63%


Ecuador GDP Last Previous Highest Lowest Unit
GDP 90.02 84.04 90.02 1.00 USD Billion [+]
GDP Growth Rate 0.50 0.70 3.40 -1.90 Percent [+]
GDP Annual Growth Rate 4.90 5.20 10.20 -2.30 Percent [+]
GDP Constant Prices 17156133.00 17070302.00 17156133.00 9134587.00 USD THO [+]
GDP per capita 3653.00 3568.19 3653.00 1572.43 USD [+]
Gross Fixed Capital Formation 4643755.00 4658587.00 4658587.00 1324528.00 USD THO [+]
GDP per capita PPP 10135.39 9900.08 10135.39 7250.84 USD [+]