Current Account in Ecuador

Ecuador Current Account | Economic News & Forecasts

Ecuador - Current Account

Ecuador finally struck a deal with the IMF at the end of February for a USD 4.2 billion Extended Fund Facility, that will support the economy over the next three years. The package forms part of a wider credit line of more than USD 10 billion from other multilateral lenders, which should help alleviate the dollarized economy’s liquidity shortfalls and revive lackluster growth while slashing spending. The funds will be front-loaded, that should enable the cash-strapped nation to meet its financing needs this year without having to tap into financial markets. The agreement was welcomed by the markets and spurred a rally in the country’s sovereign bonds. While national accounts data for Q4 2018 has yet to be released, the economy’s performance likely remained subdued in the quarter as tighter credit availability weighed on private consumption and investment. Persistently downbeat consumer sentiment has also curbed household spending.

Ecuador - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.0  -0.5  -2.1  1.5  -0.3  

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Ecuador Current Account Chart


Ecuador Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Ecuador and FocusEconomics calculations.

Ecuador Facts

ValueChangeDate
Exchange Rate25,0000.0 %Mar 11
Stock Market1,4050.17 %Mar 11

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