Ecuador GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ecuador expanded 5.60 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Ecuador is reported by the Banco Central del Ecuador. GDP Annual Growth Rate in Ecuador averaged 4.54 Percent from 2000 until 2013, reaching an all time high of 10.20 Percent in the second quarter of 2004 and a record low of -2.30 Percent in the fourth quarter of 2009. The biggest sector of Ecuador´s economy is services. Retail and wholesale trade, hotels and restaurants, transport, communication and warehousing, financial intermediation, professional, technical, administrative and household services, education and health and government services and goods account for 57 percent of the GDP. Manufacturing, mining and quarrying create 23 percent of the wealth and construction and water and electricity distribution 11 percent. Agriculture, forestry and fishing account for the remaining 9 percent of GDP. This page provides - Ecuador GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.60 5.10 10.20 -2.30 5.38 | 2014/03 2000 - 2013 Percent Quarterly

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Ecuador GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-06 12:00 AM Ecuador
GDP Growth Rate YoY
Q1 2013 3.5% 4.8% (R) 4.15%
2013-11-01 10:00 PM Ecuador
GDP Growth Rate YoY
Q2 2013 3.5% 3.5% 3.2%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 84.50 2012-12-31 77.70 84.50 1.00 96.42 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 5.60 2013-12-31 5.10 10.20 -2.30 5.38 2014-03-31 Percent [+]
GDP Constant Prices 17078240.00 2013-11-15 16883179.00 17078240.00 9134587.00 17326210.06 2014-03-31 USD THO [+]
GDP per capita 3546.93 2012-12-31 3432.48 3546.93 1572.43 3761.03 2014-06-30 USD [+]
GDP per capita PPP 8392.57 2012-12-31 8121.76 8392.57 6073.43 8899.15 2014-06-30 USD [+]
GDP Growth Rate 1.20 2013-12-31 1.70 3.40 -1.90 1.84 2014-03-31 Percent [+]
Gross Fixed Capital Formation 4527237.00 2013-11-15 4501616.00 4527237.00 1324528.00 4640645.16 2013-12-31 USD THO [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Ecuador Government Budget at -4.00 Percent of GDP  
Ecuador recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2013. Government Budget in Ecuador is reported by the Ministry of Finance, Ecuador.
Ecuador Balance of Trade at 177965.00 USD Thousand  
Ecuador recorded a trade surplus of 177965 USD Thousand in February of 2014. Balance of Trade in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Exports at 2150067.00 USD Thousand  
Exports in Ecuador increased to 2150067 USD Thousand in February of 2014 from 2033186 USD Thousand in January of 2014. Exports in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Changes in Inventories at 28331.00 USD THO  
Changes in Inventories in Ecuador decreased to 28331 USD THO in the fourth quarter of 2013 from 156467 USD THO in the third quarter of 2013. Changes in Inventories in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Capital Flows at 693.07 USD Million  
Capital Flows in Ecuador increased to 693.07 USD Million in the third quarter of 2013 from 137.09 USD Million in the second quarter of 2013. Capital Flows in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Current Account at -157.73 USD Million  
Ecuador recorded a Current Account deficit of 157.73 USD Million in the third quarter of 2013. Current Account in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Crude Oil Production at 548.00 Thousands Barrels per Day  
Crude Oil Production in Ecuador increased to 548 Thousands Barrels per Day in December of 2013 from 545 Thousands Barrels per Day in November of 2013. Crude Oil Production in Ecuador is reported by the U.S. Energy Information Administration.
Ecuador Consumer Spending at 10865398.00 USD THO  
Consumer Spending in Ecuador increased to 10865398 USD THO in the fourth quarter of 2013 from 10707195 USD THO in the third quarter of 2013. Consumer Spending in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Consumer Price Index (CPI) at 147.69 Index Points  
Consumer Price Index (CPI) in Ecuador increased to 147.69 Index Points in March of 2014 from 146.67 Index Points in February of 2014. Consumer Price Index (CPI) in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador GDP Constant Prices at 17078240.00 USD THO  
GDP Constant Prices in Ecuador increased to 17078240 USD THO in the fourth quarter of 2013 from 16883179 USD THO in the third quarter of 2013. GDP Constant Prices in Ecuador is reported by the Banco Central Del Ecuador.
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