Mountains in Ecuador

Ecuador Economic Activity December 2022

Ecuador: Economic activity records largest drop in almost two years in December

Economic activity fell 0.2% in year-on-year terms in December, which contrasted November’s 2.7% increase. The outturn marked the worst reading since February 2021. The deterioration likely came on the back of worsening activity in the non-oil sector of the economy, as oil production nearly doubled from December 2021’s rate.

Additionally, annual average economic activity growth fell to 6.3% in December (November: +7.5%), pointing to a worsening trend.

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