International Reserves in Ecuador
Ecuador - International Reserves
The Covid-19 pandemic and the collapse in global oil prices are posing major challenges for the economy and have dramatically darkened the outlook for this year. Still-strict confinement measures are hammering activity and fiscal revenue, while plummeting oil prices sent merchandise exports falling to a four-year low in March. Meanwhile, at the start of May, several multilateral lenders approved funding to support the authorities’ response to the health crisis and provide much-needed liquidity relief: The IMF unlocked USD 643 million in emergency financing; the World Bank issued a USD 500 million loan, as well as a USD 6.0 million grant to help Venezuelan refugees in the country; the Latin American Development Bank (CAF) approved a USD 400 million loan; while the Inter-American Development Bank granted a USD 94 million loan aimed at supporting small businesses during the pandemic.Ecuador - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 2.5 | 4.3 | 2.5 | 2.7 | 3.4 |
Ecuador International Reserves Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
Ecuador Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 25,000 | 0.0 % | Dec 31 |
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Economic News
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Ecuador: Inflation plunges to four-month low in June
July 6, 2020
Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May.
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Ecuador: GDP contracts in Q1 at sharpest pace in four years
June 30, 2020
The economy contracted 2.4% on an annual basis in the first quarter, which followed the fourth quarter's 1.0% decrease, as the shocks from the oil price collapse and the coronavirus pandemic hammered activity.
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Ecuador: Economic activity drops again in April
June 13, 2020
Economic activity dropped 2.8% year-on-year in April (March: -3.3% year-on-year) according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador. On a monthly basis, economic activity rose 0.2% in April (March: -0.3% month-on-month).
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Ecuador: Inflation falls at sharpest rate in six months in May
June 4, 2020
Consumer prices fell 0.26% over the previous month in May, contrasting the 1.00% rise seen in April.
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Ecuador: Economic activity drops at sharpest rate since August 2016 in March
May 12, 2020
Write intro here Economic activity dropped 2.6% year-on-year in March (February: -2.4% yoy) and marked the worst reading since August 2016.
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