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Indicators of economy in Ecuador

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Ecuador, on the other hand, reached USD 5.935 per capita, or 106.17 billion USD in the whole country. Ecuador is therefore currently ranked 63 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Ecuador is in the list of the world's richest countries in place 104.
Inflation in Ecuador was in 2021 at around 0.13%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 48.1% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Ecuador

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic were not insignificant in Ecuador 2020. Overall, gross domestic product in 2020 fell from 108.11 billion US Dollar auf 99.29 billion US Dollar. With a drop of 8.2 percent, the economy in Ecuador suffered more significant losses than other countries.. The tourism sector alone slumped by around 69 percent. The unemployment rate rose from 3.8 to 6.1 percent. The inflation rate has fallen from 0.3 percent previously to -0.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Ecuador
Total
Ecuador
per capita
EU
Total
EU
per capita
GDP106.17 bn USD5,934.88 USD17.09 tn USD33,228.68 USD
Gross national product106.07 bn USD5,929.51 USD16.78 tn USD32,621.03 USD

Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Ecuador
Total
Ecuador
per capita
EU
Total
EU
per capita
Imports28.51 bn USD1,593.88 USD8,916.24 bn USD17,337.55 USD
Exports29.35 bn USD1,640.79 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports

Ecuador: AirportsLargest airports and airlines in EcuadorThe 14 biggest airports and 6 airlines in Ecuador with further information and data
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