Domestic Demand in Ecuador
The Ecuadorian economy recorded an average growth rate of 1.1% in the decade leading up to 2022. In 2022, domestic demand growth was 3.5%.
Ecuador Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Ecuador from 2014 to 2023.
Source: Macrobond.
Ecuador Demand Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | -12.7 | 12.4 | 6.3 | 1.8 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ecuadorian demand projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Ecuadorian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ecuadorian demand projections.
Want to get access to the full dataset of Ecuadorian demand forecasts? Send an email to info@focus-economics.com.