Ecuador Economic Activity May 2022

Ecuador

Ecuador: Economic activity growth rises in May

July 18, 2022

Economic activity grew 12.1% year on year in May (April: +10.0% yoy).

Meanwhile, annual average economic activity growth fell to 14.2% in May (April: +15.4%), which marked a six-month low.

FocusEconomics panelists project GDP to expand 2.8% in 2022, which is unchanged from last month’s forecast. In 2023, the panel sees GDP growth moderating to 2.4%.


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Ecuador Economic Activity May 2022 0

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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