Industry in Ecuador

Ecuador Industry | Economic News & Forecasts

Ecuador - Industry

The economy appeared to lose momentum in Q1: Economic activity grew on average at a slower rate in January–February than it did last year. This is partially due to a tougher base effect, but underlying conditions may have also slowed. Oil production was down year on year in the quarter due to the disruption to output caused by natural disasters in December and January. Meanwhile, investment may have been restrained by a deteriorating relationship between the president and the legislature. That said, rising consumer confidence and record car sales in the quarter suggest private spending may have held up well in Q1 despite the impact of the Omicron Covid-19 variant. Turning to Q2, the political situation appears to be deteriorating further: Four cabinet ministers resigned in April, with the president’s popularity facing challenges amid a spike in violent crime.

Ecuador - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-     -     -     -     -     

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Ecuador Industry Chart

Ecuador Industry

Ecuador Facts

Value Change Date
Exchange Rate25,0000.0 %Dec 31

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