Ecuador: Economy

Economic Trivia

Ecuador's petroleum resources account for more than half of the country's earnings from exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): United States, China, and Colombia
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Fruit & Nuts, and Seafood

Top Industries Source: CIA World Factbook

Petroleum; Food Processing; Textiles; Wood Products

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $183,854,538,952 (2015)
GDP Growth Rate (annual %) 0.29% (2015)
GDP Per Capita, PPP (current international) $11,388 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 64/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 3.97% (2015)
External debt stocks, total (DOD, current US$) $26,332,952,000 (2014)
Total tax rate (% of commercial profits) 33% (2015)
Real Interest Rate (5 year average %) 7.763% (2007)
Manufacturing, value added (% of GDP) 15.696% (2015)
Current Account Balance (BoP, current US$) ($2,200,627,454) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 7,720,071 (2014)
Employment in Agriculture (% of total employment) 25.3% (2013)
Employment in Industry (% of total employment) 20.4% (2013)
Employment in Services (% of total employment) 54.3% (2013)
Unemployment Rate 4.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $24,264,715,000 (2015)
Exports of goods and services (current US$) $21,253,860,000 (2015)
Total Merchandise Trade (% of GDP) 52.986% (2014)
FDI, net inflows (BoP, current US$) $1,060,063,337 (2015)
Commercial Service Exports (current US$) $2,218,435,952 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ecuador’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary