Mountains in Ecuador

Ecuador Economic Activity March 2021

Ecuador: Economic activity jumps in March

Economic activity rebounded solidly, growing 11.0% in annual terms in March and contrasting February’s 6.1% slide. The print marked the best result in nearly four years. A milder decline in oil production in March coupled with surging oil prices in the first half of the month likely contributed to the result. However, the reading was also flattered by a low base effect.

Moreover, the trend improved markedly, with the annual average variation of economic activity coming in at minus 9.8%, up from February’s minus 11.5%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest