Industry in Ecuador
The economy recorded average industrial output growth of 7.9% in the decade to 2023. In 2023, industrial output growth was -0.6%, down from the5% reading of the 2022. For more industry information, visit our dedicated page.
Ecuador Industry Chart
Note: This chart displays Industry (ann. var. %) for Ecuador from 2023 to 2020.
Source: Macrobond.
Ecuador Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industry (ann. var. %) | -11.5 | 11.8 | 5.5 | -0.3 | -3.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ecuadorian industry projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Ecuadorian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ecuadorian industry projections.
Want to get access to the full dataset of Ecuadorian industry forecasts? Send an email to info@focus-economics.com.