Investment in Ecuador
Ecuador - Investment
GDP growth slows further in Q4, but remains relatively healthy
GDP increased 4.9% in annual terms in the fourth quarter, below Q3’s 5.6% expansion, largely due to a less favorable base effect as conditions continued to strengthen in sequential terms.
Slower growth at the tail end of the year was predominately due to softer domestic demand dynamics. Fixed investment growth eased to 3.9% in Q4 (Q3: +9.9% yoy), while private consumption growth also slowed to 9.6% (Q3: +13.1% yoy). Meanwhile, government consumption growth accelerated to 4.4% in Q4 (Q3: +0.6%)
On the external front, exports of goods and services declined 3.7% in Q4 (Q3: -0.2%), while imports of goods and services grew 7.3% (Q3: +24.2%).
Lastly, on a seasonally-adjusted quarter-on-quarter basis, economic growth accelerated to 0.7%, following Q3’s 0.4% expansion.
LatinFocus Consensus Forecast panelists project GDP to grow 2.9% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.2% in 2023.
Ecuador - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | -6.2 | -8.9 | 5.3 | 2.0 | -3.4 |
Ecuador Investment 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 rises in May
June 6, 2022
Consumer prices increased 0.56% over the previous month in May, slowing down from April's 0.59% increase.
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Ecuador: Economic activity records lowest expansion since February 2021 in March
May 18, 2022
Economic activity rose 9.6% year on year in March (February: +12.1% yoy).
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Ecuador: Inflation soars to over five-year high in April
May 6, 2022
Consumer prices increased 0.59% over the previous month in April, picking up from the 0.11% increase recorded in March.
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Ecuador: Economic activity growth dips in February
April 18, 2022
Economic activity increased 12.1% compared to the same month of the previous year in February, which was a deterioration from January's 14.9% increase.
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Ecuador: Inflation eases slightly in March, but remains relatively elevated
April 6, 2022
Consumer prices rose 0.11% over the prior month in March, following February’s 0.23% increase.
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