GDP in Ecuador
Ecuador - GDP (billions of U.S. Dollars)
GDP growth slows further in Q1
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%). Conversely, fixed investment growth rose to 4.0% in Q1 2022 (Q4 2021: +3.9% yoy), while government consumption growth accelerated to 6.5% in Q1 2022 (Q4 2021: +4.4%).
On the external front, exports of goods and services declined 0.4% in Q1 2022 (Q4 2021: -3.7%), while imports of goods and services grew 8.1% (Q4 2021: +7.3%).
Lastly, on a seasonally-adjusted quarter-on-quarter basis, economic growth decelerated to 0.4%, following Q4 2021’s 0.7% expansion.
FocusEconomics panelists project GDP to expand 2.8% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, the panel sees GDP growth moderating to 2.3%.
Ecuador - GDP (USD bn) Data
|GDP (USD bn)||99.3||99.9||104||108||107|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||25,000||0.0 %||Dec 31|
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October 17, 2022
Economic activity grew 7.2% compared to the same month of the previous year in August, which was above July's 1.2% increase.
October 7, 2022
Inflation came in at 4.1% in September, which was up from August’s 3.8%.
September 15, 2022
Economic activity growth softened further in annual terms in July, increasing 1.2% year on year (June: +4.3% yoy).
September 6, 2022
Inflation came in at 3.8% in August, which was down from July’s 3.9%.
August 18, 2022
Economic activity rose 4.3% year on year in June, which was a deterioration from May's 12.4% increase.