Ecuador Economic Activity September 2021

Ecuador

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%.


Author:

Sample Report

Looking for forecasts related to Economic Activity in Ecuador? Download a sample report now.

Download

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.


Ecuador Economic News

More news

Search form