GDP in Ecuador
Ecuador - GDP
GDP growth slows further in Q4, but remains relatively healthy
GDP increased 4.9% in annual terms in the fourth quarter, below Q3’s 5.6% expansion, largely due to a less favorable base effect as conditions continued to strengthen in sequential terms.
Slower growth at the tail end of the year was predominately due to softer domestic demand dynamics. Fixed investment growth eased to 3.9% in Q4 (Q3: +9.9% yoy), while private consumption growth also slowed to 9.6% (Q3: +13.1% yoy). Meanwhile, government consumption growth accelerated to 4.4% in Q4 (Q3: +0.6%)
On the external front, exports of goods and services declined 3.7% in Q4 (Q3: -0.2%), while imports of goods and services grew 7.3% (Q3: +24.2%).
Lastly, on a seasonally-adjusted quarter-on-quarter basis, economic growth accelerated to 0.7%, following Q3’s 0.4% expansion.
LatinFocus Consensus Forecast panelists project GDP to grow 2.9% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.2% in 2023.
Ecuador - GDP Data
|Economic Growth (GDP, annual variation in %)||0.1||-1.2||2.4||1.3||0.1|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador GDP Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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June 6, 2022
Consumer prices increased 0.56% over the previous month in May, slowing down from April's 0.59% increase.
May 18, 2022
Economic activity rose 9.6% year on year in March (February: +12.1% yoy).
May 6, 2022
Consumer prices increased 0.59% over the previous month in April, picking up from the 0.11% increase recorded in March.
April 18, 2022
Economic activity increased 12.1% compared to the same month of the previous year in February, which was a deterioration from January's 14.9% increase.
April 6, 2022
Consumer prices rose 0.11% over the prior month in March, following February’s 0.23% increase.