External Debt in Ecuador

Ecuador External Debt | Economic News & Forecasts

Ecuador - External Debt

The economy seemed to slow in Q1. On average, economic activity grew at a weaker annual pace than in 2021. The oil sector contracted due to natural disasters and lack of prior investment. More positively, the agricultural, construction and services sectors grew strongly. Turning to Q2, the oil sector is likely recovering, boosting growth. Meanwhile, near decade-high oil prices are providing relief to the external and fiscal balances. This has allowed the government to introduce a new cash transfer program and housing subsidies, supporting private consumption alongside its existing fuel subsidy program. That said, such measures will hurt public finances, which could pose a problem for the lending agreement reached with the IMF in May. In politics, the president and the legislature remain at loggerheads due to conflicts over policies relating to the judiciary, labor market and investment.

Ecuador - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)27.6  34.2  38.5  40.9  48.7  

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Ecuador External Debt Chart


Ecuador External Debt
Note: External debt as % of GDP.
Source: Central Bank of Ecuador and FocusEconomics calculations.

Ecuador Facts

Value Change Date
Exchange Rate25,0000.0 %Dec 31

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