Ecuador Economic Activity


Ecuador: Growth in economic activity contracts for first time in over a year in January

March 13, 2015

In January, economic activity decreased 2.1% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The print contrasted December’s 9.9% rise and was the first contraction since December 2013.

As a result of January’s deterioration, annual average growth in economic activity decreased from December’s 4.9% to 4.5% in January.

FocusEconomics Consensus Forecast participants see GDP growing 1.9% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, panelists expect the economy to expand 2.7%.

Author: Teresa Kersting, Economist

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Ecuador Economic Activity Chart

Ecuador Economic Activity January 2015

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

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