Current Account in Ecuador

Ecuador Current Account | Economic News & Forecasts

Ecuador - Current Account

A comprehensive release revealed that in the first quarter GDP expanded at the slowest pace since the 2016 recession, amid a downturn in domestic demand drove the slowdown. Notably, fixed investment plunged, while private consumption decelerated to its slowest in over two years, against the backdrop of rising unemployment. That said, upbeat export growth cushioned the fall in domestic demand somewhat, with the external sector making a positive contribution to the overall expansion. Turning to the second quarter, economic activity growth only marginally rose in April, suggesting that momentum remained frail. Meanwhile, on 3 July, the IMF approved a USD 251 million disbursement as part of its Extended Fund Facility program, commending the government’s efforts to foster fiscal sustainability and the progress made in key structural reforms.

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 %Jul 11
Stock Market1,3350.17 %Jul 10

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