Industry in Ecuador

Ecuador Industry | Economic News & Forecasts

Ecuador - Industry

GDP contracted for the first time in three years, albeit mildly, in the third quarter of 2019 on the back of shriveling domestic demand. Fixed investment shrank at a quicker rate in Q3 compared to the previous quarter as did public spending amid the government’s belt-tightening efforts. Meanwhile, export growth lost traction in Q3 due to a slowdown in oil production. In other news, after concluding its review of the country’s economic performance on 19 December, the IMF approved a new disbursement of nearly USD 500 million as part of the country’s reform program under the Extended Fund Facility arrangement. The IMF cited the country’s commitment to fiscal prudence and the revised tax reform, which was approved on 9 December and aims to raise USD 600 million this year (previously: USD 700 million) largely though increased corporate income taxes.

Ecuador - Industry Data

2014   2015   2016   2017   2018  
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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