Ecuador Economic Activity

Ecuador

Ecuador: Growth in economic activity accelerates to 14-month high in December

February 10, 2015

In December, economic activity increased 9.9% over the same month of the previous year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The expansion marked an acceleration from November’s 2.2% rise and was the strongest expansion in 14 months.

As a result of December’s robust growth, annual average growth in economic activity rose from November’s 3.8% to 4.9% in December, which marked the fastest pace of growth in four months.

FocusEconomics Consensus Forecast participants see GDP growing 2.1% in 2015, which is down 0.9 percentage points from last month’s forecast. For 2016, panelists also expect the economy to expand 3.0%.


Author: Teresa Kersting, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity December 2014

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Ecuador Central Bank and FocusEconomics calculations.


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