Current Account in Ecuador

Ecuador Current Account | Economic News & Forecasts

Ecuador - Current Account

Growth is expected to have deteriorated in the second quarter, as IMF-mandated fiscal consolidation measures and falling real wage growth weigh on economic activity. That said, activity picked up throughout Q2 and export growth bounced back in the quarter on a surge in oil sales at the beginning of the period, reflecting higher oil prices. Furthermore, the belt-tightening reforms have led to an improved fiscal position, with the budget surplus widening in April–May, while international reserves trended up strongly in the first two quarters and remained solid at the outset of Q3 despite sliding in July. In the political arena, on 8 August, the National Court of Justice ordered the preventive detention of former-President Rafael Correa and four close party aides over briberies linked to the awarding of public-sector contracts and illicit funding of the Alianza País party.

Ecuador - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.0  -0.7  -2.2  1.3  -0.5  

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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

Exchange Rate25,0000.0 %Sep 04
Stock Market1,3290.17 %Sep 04

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