Ecuador Economic Activity September 2021


Ecuador: Economic activity records lowest growth since March in September

November 13, 2021

Economic activity increased 13.9% compared to the same month a year earlier in September, which was a deterioration from August's 17.2% increase. September's result marked the worst reading since March. Another notable decline in oil output, coupled with a fading base effect, were likely behind the slowdown.

Meanwhile, annual average economic activity growth rose to 10.1% in September (August: +8.3%). This signals an improving trend in the sector.

LatinFocus panelists project GDP to grow 2.8% in 2022, which is down 0.3 percentage points from last month. For 2023, the panel sees GDP growth at 2.1%.


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Ecuador Economic Activity Chart

Ecuador Economic Activity September 2021

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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