External Debt in Ecuador
Ecuador - External DebtThe 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
|External Debt (% of GDP)||27.6||34.2||38.5||40.9||48.7|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador External Debt Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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August 5, 2022
Consumer prices rose 0.16% over the previous month in July, which was below the 0.65% increase recorded in June.
July 18, 2022
Economic activity grew 12.1% year on year in May (April: +10.0% yoy).
July 6, 2022
Consumer prices rose 0.65% in June over the previous month, accelerating from May's 0.56% increase.
June 30, 2022
GDP eased to 3.8% in annual terms in Q1 2022, below Q4 2021’s 4.9% expansion. The slower growth in Q1 was due to weaker private consumption growth, which softened to 6.7% in Q1 2022 (Q4 2021: +9.6%).
June 6, 2022
Consumer prices increased 0.56% over the previous month in May, slowing down from April's 0.59% increase.