Trade Balance in Ecuador
Ecuador - Trade BalanceThe economy grew at a slower annual pace in Q3, amid a less favorable base effect and a marked deterioration in the external sector. That said, public consumption rose at a sharper pace, while growth in both fixed investment and consumer spending largely held its ground, despite easing somewhat. Turning to the final quarter of 2021, double-digit expansions in economic activity and merchandise exports in October–November point to a strong start to the period. Less positively, oil production tumbled for the sixth successive month in November, while downbeat consumer sentiment in October–November spells trouble for household spending. Looking ahead, an improvement in the health situation from early January bodes well for activity in Q1. Meanwhile, President Lasso is scheduled to meet with his Chinese counterpart, Xi Jinping, in February to renegotiate the terms of the country’s debt repayment to China.
Ecuador - Trade Balance Data
|Trade Balance (USD billion)||-3.2||0.5||-0.9||-1.5||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador Trade Balance Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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January 15, 2022
Economic activity expanded 13.8% compared to the same month of the previous year in November, improving from October’s 12.6% increase.
January 7, 2022
Consumer prices rose 0.07% over the prior month in December, following December’s 0.36% increase.
December 30, 2021
GDP increased 5.6% in annual terms in the third quarter, below Q2’s 11.6% expansion, largely due to a less favorable base effect. A marked deterioration in the external sector was largely behind Q3’s slowdown.
December 20, 2021
Economic activity expanded 12.6% compared to the same month of the previous year in October, which was a deterioration from September's 13.9% increase.
December 6, 2021
Consumer prices increased 0.36% over the prior month in November, accelerating from October’s 0.21% rise.