Ecuador Economic Outlook
April 9, 2019
The economy rounded off 2018 with the weakest performance in two years in Q4. A continued deceleration in domestic demand, led by a dive in fixed investment growth amid tighter credit availability and lower business sentiment, led the slowdown. Turning to 2019, economic activity picked up slightly in January as oil production climbed. A continued moderation in private sector credit growth, however, likely constrained household spending and investment. Meanwhile, the IMF released details on the USD 4.2 billion extended fund facility, which will aim to improve the economy’s fiscal position by cutting public sector spending and raising revenue via a tax reform. On the political front, President Lenín Moreno announced Ecuador’s withdrawal from the Union of South American Nations (UNASUR) on 13 March, arguing that the organization has ceased to be an effective body for regional integration.Ecuador Economic Growth
Growth is set to weaken this year, as austerity measures and tighter credit conditions weigh on domestic demand, underpinned by a plunge in government spending and a fall in private consumption growth weighed on by reduced household incomes. While the fiscal consolidation drive will likely impede activity in the near-term, it should help to address structural imbalances in the longer-term. FocusEconomics panelists project an expansion of 0.7% in 2019, which is down 0.1 percentage points from last month’s forecast, and 0.9% in 2020.Ecuador Economy Data
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Ecuador Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 25,000 | 0.0 % | Apr 22 |
| Stock Market | 1,366 | 0.17 % | Apr 22 |
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Ecuador Economic News
Ecuador: Economic activity accelerates slightly in February
April 16, 2019
Economic activity grew 4.8% over the same month of the previous year in February, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
Ecuador: Consumer prices, on an annual basis, fall in March on a stronger dollar
April 8, 2019
Consumer prices fell 0.21% over the previous month in March, a slightly softer drop compared to February’s 0.23% month-on-month decline.
Ecuador: Economy grows at weakest pace in two years in Q4 2018
March 29, 2019
Ecuador’s economy lost traction in the final quarter of last year, with annual GDP growth falling to 0.8% from the previous quarter’s revised 1.5% (previously reported: +1.4% year-on-year), marking the weakest expansion in two years.
Ecuador: Economic activity sustains a healthy pace of expansion at the outset of the year
March 14, 2019
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity picked up slightly at the start of the year, rising 4.7% over the same month of the previous year.
Ecuador: Economic activity accelerates in December
February 14, 2019
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity accelerated for the tenth month running in December, expanding 6.6% over the same month of the previous year.
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