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Ecuador
Ecuador
HistorySaid – pattern
Ecuador matched the Export Boom Cycle pattern in 2021. 7 pattern matches detected historically. View →
HistorySaid – ranking
Ecuador ranks 129th globally by GDP ($124.7B in 2024). View →
HistorySaid – inflation
Inflation in Ecuador fell from 2.2% (2023) to 1.5% (2024) – a 0.7pp shift. View →
HistorySaid – population
Ecuador has a population of 18.1 million as of 2024 (growth: 0.86%). View →
Economy & Growth
GDP $124.7B
GDP per Capita $6,875
GDP Growth -2.00%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 7.39% | 8.00% | 9.48% | 8.89% Trend | 9.10% Trend | 9.31% Trend | – | – | – |
| GDP | $116.1B | $121.1B | $124.7B | $130.5B IMF WEO Oct 2025 | $134.7B IMF WEO Oct 2025 | $140.2B IMF WEO Oct 2025 | $146.1B IMF WEO Oct 2025 | $152.4B IMF WEO Oct 2025 | $159.4B IMF WEO Oct 2025 |
| GDP Deflator | 2.35% | 2.28% | 5.01% | 6.14% Trend | 7.52% Trend | 8.89% Trend | – | – | – |
| GDP Growth | 5.87% | 1.99% | -2.00% | 3.24% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.40% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.80% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 |
| GDP PPP | $270.9B | $286.2B | $287.3B | $304.2B IMF WEO Oct 2025 | $315.9B IMF WEO Oct 2025 | $328.9B IMF WEO Oct 2025 | $342.9B IMF WEO Oct 2025 | $358.7B IMF WEO Oct 2025 | $376.4B IMF WEO Oct 2025 |
| GDP per Capita | $6,516 | $6,738 | $6,875 | $7,210 IMF WEO Oct 2025 | $7,384 IMF WEO Oct 2025 | $7,627 IMF WEO Oct 2025 | $7,883 IMF WEO Oct 2025 | $8,162 IMF WEO Oct 2025 | $8,470 IMF WEO Oct 2025 |
| GDP per Capita PPP | $15,198 | $15,919 | $15,840 | $16,805 IMF WEO Oct 2025 | $17,315 IMF WEO Oct 2025 | $17,889 IMF WEO Oct 2025 | $18,508 IMF WEO Oct 2025 | $19,211 IMF WEO Oct 2025 | $20,005 IMF WEO Oct 2025 |
| GNI | $114.2B | $118.3B | $121.3B | $131.5B Trend | $138.5B Trend | $145.6B Trend | – | – | – |
| GNI per Capita | $6,550 | $6,590 | $6,430 | $6,975 Trend | $7,228 Trend | $7,481 Trend | – | – | – |
| Gross Savings | 24.26% | 22.39% | 23.89% | 23.76% IMF WEO Oct 2025 | 22.61% IMF WEO Oct 2025 | 22.32% IMF WEO Oct 2025 | 22.36% IMF WEO Oct 2025 | 21.89% IMF WEO Oct 2025 | 21.47% IMF WEO Oct 2025 |
| Industry Value Added | 29.58% | 27.58% | 26.51% | 28.59% Trend | 29.12% Trend | 29.64% Trend | – | – | – |
| Services Value Added | 58.20% | 58.62% | 57.16% | 56.30% Trend | 55.49% Trend | 54.67% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.55%
Consumer Price Index 133.05
PPP Conversion Factor 0.43
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 128.18 | 131.02 | 133.05 | 135.71 Trend | 138.29 Trend | 140.87 Trend | – | – | – |
| Inflation Rate | 3.47% | 2.22% | 1.55% | 1.06% IMF WEO Oct 2025 | 2.84% IMF WEO Oct 2025 | 1.47% IMF WEO Oct 2025 | 1.50% IMF WEO Oct 2025 | 1.50% IMF WEO Oct 2025 | 1.50% IMF WEO Oct 2025 |
| PPP Conversion Factor | 0.43 | 0.42 | 0.43 | 0.41 Trend | 0.40 Trend | 0.39 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 18.1M
Population Growth 0.86%
Population Density 72.4
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 15.0 | – | – | 14.0 Trend | 13.6 Trend | – | – |
| Death Rate | 5.1 | – | – | 5.4 Trend | 5.3 Trend | – | – |
| Dependency Ratio | 49.47 | 48.81 | – | 48.16 Trend | 47.52 Trend | 46.87 Trend | – |
| Fertility Rate | 1.82 | – | – | 1.71 Trend | 1.65 Trend | – | – |
| Life Expectancy | 77.4 | – | – | 77.1 Trend | 77.6 Trend | – | – |
| Net Migration | -21,948 | -19,704 | -17,219 | – | -14,307 Trend | -11,711 Trend | -9,116 Trend |
| Population | 18.0M | 18.1M | – | 18.3M Trend | 18.4M Trend | 18.6M Trend | – |
| Population Density | 72.4 | – | – | 73.7 Trend | 74.3 Trend | – | – |
| Population Growth | 0.87% | 0.86% | – | 0.73% Trend | 0.68% Trend | 0.63% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 63.13% | 63.24% | – | 63.23% Trend | 63.27% Trend | 63.31% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 3.31%
Youth Unemployment 8.16%
Labor Force Participation 64.50%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 30.00% | 32.59% | 32.48% | – | 32.25% Trend | 32.42% Trend | 32.58% Trend | – | – |
| Female Labor Participation | 52.52% | 52.39% | 52.39% | – | 51.73% Trend | 51.30% Trend | 50.87% Trend | – | – |
| Industry Employment | 17.47% | 16.65% | 16.59% | – | 16.62% Trend | 16.50% Trend | 16.39% Trend | – | – |
| Labor Force Participation | 64.49% | 64.54% | 64.50% | – | 63.91% Trend | 63.54% Trend | 63.17% Trend | – | – |
| Services Employment | 52.54% | 50.77% | 50.93% | – | 51.13% Trend | 51.08% Trend | 51.03% Trend | – | – |
| Unemployment Rate | 3.51% | 3.45% | 3.31% | 4.00% IMF WEO Oct 2025 | 3.80% IMF WEO Oct 2025 | 3.60% IMF WEO Oct 2025 | 3.50% IMF WEO Oct 2025 | 3.50% IMF WEO Oct 2025 | 3.50% IMF WEO Oct 2025 |
| Youth Unemployment | 7.78% | 8.57% | 8.16% | – | 7.89% Trend | 7.72% Trend | 7.55% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 13.09%
Government Spending 30.44%
Military Spending 2.22%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Budget Deficit | 0.04% | -3.48% | -1.28% | – | – | – |
| Education Spending | – | – | – | – | – | – |
| Government Debt to GDP | 57.20% | 54.33% | 53.75% | – | – | – |
| Government Revenue | 38.90% | 35.97% | 36.80% | – | – | – |
| Government Spending | 30.44% | – | – | 28.76% Trend | – | – |
| Health Spending | 7.60% | 7.56% | – | 7.39% Trend | 7.24% Trend | – |
| Military Spending | 2.22% | 2.27% | 2.22% | 2.15% Trend | 2.10% Trend | 2.06% Trend |
| Tax Revenue | 13.09% | – | – | 11.76% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $60.4B
External Debt to GNI 49.75%
Short-term Debt 1.04%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 14.44% | 22.89% | 21.86% | 13.15% Trend | 9.36% Trend | 5.56% Trend |
| Domestic Credit | 57.45% | 60.80% | 61.79% | 64.87% Trend | 67.27% Trend | 69.67% Trend |
| External Debt | $60.7B | $61.7B | $60.4B | $62.9B Trend | $64.0B Trend | $65.2B Trend |
| External Debt to GNI | 53.13% | 52.11% | 49.75% | 46.59% Trend | 44.05% Trend | 41.51% Trend |
| Interest Payments to Revenue | 4.66% | – | – | 2.21% Trend | – | – |
| Short-term Debt | 3.17% | 3.37% | 1.04% | 2.13% Trend | 2.06% Trend | 1.99% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Deposit Rate 7.09%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 52.38% | 54.49% | 56.18% | 58.07% Trend | 59.97% Trend | 61.87% Trend |
| Deposit Rate | 4.16% | 5.86% | 7.09% | 7.11% Trend | 7.74% Trend | 8.37% Trend |
| Lending Rate | – | – | – | – | – | – |
| M2 Money Supply Growth | 10.12% | 5.22% | 12.44% | 9.34% Trend | 9.10% Trend | 8.86% Trend |
| Non-Performing Loans | 3.73% | 4.24% | – | 4.61% Trend | 4.84% Trend | – |
| Real Interest Rate | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 1.00
Foreign Reserves $6.9B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 1.00 | 1.00 | 1.00 | 1.00 Trend | 1.00 Trend | 1.00 Trend |
| Foreign Reserves | $8.5B | $4.4B | $6.9B | $5.8B Trend | $5.4B Trend | $5.0B Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 2.6 | 1.4 | 2.2 | 1.2 Trend | 0.7 Trend | 0.3 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $38.6B
Imports $34.1B
Trade Balance $4.2B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | 1.94% | 1.94% | 5.66% | 4.91% IMF WEO Oct 2025 | 3.39% IMF WEO Oct 2025 | 3.11% IMF WEO Oct 2025 | 2.96% IMF WEO Oct 2025 | 2.82% IMF WEO Oct 2025 | 2.83% IMF WEO Oct 2025 |
| Exports | $36.7B | $35.8B | $38.6B | $44.1B Trend | $48.0B Trend | $51.8B Trend | – | – | – |
| FDI Inflows | 0.76% | 0.40% | 0.36% | 0.11% Trend | -0.08% Trend | -0.26% Trend | – | – | – |
| FDI Outflows | – | – | – | – | – | – | – | – | – |
| Imports | $36.6B | $35.4B | $34.1B | $41.3B Trend | $44.8B Trend | $48.2B Trend | – | – | – |
| Remittances Received | $4.7B | $5.5B | $6.5B | $7.1B Trend | $7.9B Trend | $8.6B Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-35.2M | $162.5M | $4.2B | $2.3B Trend | $2.6B Trend | $2.9B Trend | – | – | – |
| Trade Openness | 61.88% | 57.00% | 57.20% | 63.72% Trend | 66.73% Trend | 69.75% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 4.26%
Stock Turnover Ratio 2.45%
Listed Companies 26
▾
| Indicator | 1998 | 1999 | 2000 |
|---|---|---|---|
| Interest Rate Spread | – | – | – |
| Listed Companies | 36 | 36 | 26 |
| Market Capitalization | 5.56% | 2.66% | 4.26% |
| Stock Turnover Ratio | 0.60% | 3.51% | 2.45% |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.34
Government Effectiveness -0.49
Regulatory Quality -0.72
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.59 | -0.63 | -0.65 | -0.74 Trend | -0.78 Trend |
| Government Effectiveness | -0.24 | -0.31 | -0.49 | -0.41 Trend | -0.42 Trend |
| Political Stability | -0.26 | -0.37 | -0.34 | -0.42 Trend | -0.45 Trend |
| Regulatory Quality | -0.72 | -0.46 | -0.72 | -0.49 Trend | -0.43 Trend |
| Rule of Law | -0.35 | -0.62 | -0.96 | -0.97 Trend | -1.06 Trend |
| Voice and Accountability | 0.10 | 0.03 | -0.06 | -0.04 Trend | -0.06 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $509
Infant Mortality Rate 11.1
Maternal Mortality Ratio 55.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $508 | $495 | $509 | $523 Trend | $531 Trend |
| Hospital Beds | 1.31 | 1.31 | 1.32 | 1.27 Trend | 1.26 Trend |
| Infant Mortality Rate | 11.3 | 11.2 | 11.1 | 10.8 Trend | 10.6 Trend |
| Maternal Mortality Ratio | 93.00 | 69.00 | 55.00 | 59.60 Trend | 56.00 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 96.26%
Tertiary Enrollment 67.89%
Education Spending 3.89%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 3.65% | 3.60% | 3.89% | 3.38% Trend | 3.25% Trend |
| Literacy Rate | 94.48% | 96.26% | – | 96.12% Trend | – |
| Primary Enrollment | 98.18% | 99.57% | 97.25% | 98.01% Trend | 97.94% Trend |
| Tertiary Enrollment | – | 59.88% | 67.89% | 74.52% Trend | 78.57% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 18.90%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 98.70% | 99.46% Trend | 99.49% Trend |
| Energy Use per Capita | 886 | 905 | – | 896 Trend | – |
| Forest Area | 50.06% | 49.80% | 49.55% | 49.03% Trend | 48.77% Trend |
| Renewable Energy | 18.90% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 77.17%
Mobile Subscriptions 101.03
R&D Spending 0.44%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 6.71% | 7.27% | 10.00% | 10.78% Trend | 12.17% Trend | 13.55% Trend |
| Internet Users | 69.72% | 72.69% | 77.17% | 76.84% Trend | 78.49% Trend | 80.14% Trend |
| Mobile Subscriptions | 98.13 | 101.03 | – | 106.39 Trend | 109.30 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 45.2
Poverty Rate 7.30%
Income Share Top 10% 33.40%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Gini Index | 45.5 | 44.6 | 45.2 | 44.1 Trend | 43.5 Trend | 43.0 Trend |
| Income Share Bottom 10% | 1.70% | 1.60% | 1.50% | 1.66% Trend | 1.70% Trend | 1.74% Trend |
| Income Share Top 10% | 34.30% | 33.20% | 33.40% | 32.31% Trend | 31.64% Trend | 30.97% Trend |
| Poverty Rate | 4.40% | 4.70% | 7.30% | 5.18% Trend | 4.90% Trend | 4.62% Trend |
Italic values are IMF World Economic Outlook projections.