Industry in Ecuador

Ecuador Industry | Economic News & Forecasts

Ecuador - Industry

Economic activity appears to have weakened last year on a downturn in domestic demand. A slowdown in remittance inflows, moderating credit growth and the return of inflation likely weighed on private consumption in the second half of the year, while fiscal austerity measures have curbed government spending. Liquidity problems, arising from the scarcity of additional funds needed to finance the weighty external debt and this year’s nearly USD 8 billion budget, prompted the country to issue USD 1 billion in 10-year government bonds at the end of January. The debt sale, which offered one of the highest yields since the financial crisis, surprised investors as the Andean nation has yet to complete talks with the IMF over a possible support program. The country is seeking to reconcile President Lenín Moreno’s “prosperity plan” with a clear commitment to balancing the books in order to strike a deal with the IMF.

Ecuador - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)6.2  3.7  -0.4  -2.5  2.1  

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Ecuador Industry Chart

Ecuador Industry

Ecuador Facts

Exchange Rate25,0000.0 %Feb 14
Stock Market1,4280.17 %Feb 14

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