Ecuador Economic Activity December 2020

Ecuador

Ecuador: Economic activity gains momentum at the end of 2020

February 16, 2021

Economic activity rose 3.9% in year-on-year terms in December 2020, picking up from the 0.6% uptick logged in the previous month.

On a month-on-month basis, economic activity increased 1.6% in December, slightly above November’s 1.5% climb. Meanwhile, the trend continued to improve, with the annual average variation of economic activity coming in at minus 8.7%, up from November’s minus 9.5%.

LatinFocus panelists project GDP to grow 3.5% in 2021, which is down 0.1 percentage points from last month. For 2022, the panel sees GDP growth at 2.3%.


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Ecuador Economic Activity December 20 20

Note: Year-on-year changes and annual average variation of economic activity index in %.
Source: Ecuador Central Bank and FocusEconomics calculations.


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