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 (2021): United States, China, and Panama
Top 3 Exported Goods (2021): Oil & Mineral Fuels, Seafood, and Fruit & Nuts

Top Industries Source: CIA World Factbook

Petroleum; Food Processing; Textiles; Wood Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $230,810,870,088 (2022)
GDP Growth Rate (annual %) 2.948% (2022)
GDP Per Capita, PPP (current international) $12,822 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 69/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.466% (2022)
External debt stocks, total (DOD, current US$) $58,259,441,213 (2021)
Total tax rate (% of commercial profits) 34.4% (2019)
Real Interest Rate (5 year average %) -0.949% (2008)
Manufacturing, value added (% of GDP) 16.349% (2022)
Current Account Balance (BoP, current US$) $2,711,400,602 (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 8,878,712 (2022)
Employment in Agriculture (% of total employment) 32.178% (2021)
Employment in Industry (% of total employment) 16.834% (2021)
Employment in Services (% of total employment) 50.988% (2021)
Unemployment Rate 3.955% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $32,810,251,000 (2022)
Exports of goods and services (current US$) $33,562,095,000 (2022)
Total Merchandise Trade (% of GDP) 57.112% (2022)
FDI, net inflows (BoP, current US$) $829,041,804 (2022)
Commercial Service Exports (current US$) $2,756,859,346 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank