What is the GDP of Ecuador?

Ecuador's GDP is approximately $124.7 billion USD. The GDP growth rate is -2%.

What is the population of Ecuador?

Ecuador has a population of approximately 18.1 million people. The population growth rate is 0.9%.

What is the inflation rate in Ecuador?

The inflation rate in Ecuador is 1.5%.

What is the unemployment rate in Ecuador?

The unemployment rate in Ecuador is 3.3%.

What is the GDP per capita of Ecuador?

Ecuador's GDP per capita is approximately $6,875 USD.

Is Ecuador a good country to invest in?

Ecuador has an investment score of 38/100, classified as "Caution" risk. Key sectors include Oil & Gas, Agriculture, Aquaculture. Credit rating: NR.

How open is Ecuador's economy to trade?

Ecuador's trade openness (trade as % of GDP) is 57%. Exports total approximately $37.8B and imports $33.6B.

How much foreign investment does Ecuador attract?

Foreign direct investment (FDI) in Ecuador is 0.4% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Ecuador?

Ecuador's economy is composed of services (57% of GDP), industry (27% of GDP), and agriculture (9% of GDP).

Can I start a business in Ecuador as a foreigner?

Ecuador offers various options for foreign entrepreneurs. Visit our business setup guide for Ecuador for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Ecuador's economy growing?

Ecuador's GDP growth rate is -2%. The economy is currently contracting.

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Ecuador Economy Overview

Name: Ecuador Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanUpper MiddleCapital: QuitoECU

Caution

Shrinking

124.7B USD

GDP (Nominal)

Growing at -2%

$6,875

GDP Per Capita

Middle income level

18.1M

Population

+0.9% annual growth

Stable

1.5%

Inflation

Price stability

57%of GDP

Trade Openness

0.4%of GDP

FDI Inflows

Public Debt

Low

3.3%

Unemployment

Surplus

+$4.2B

Trade Balance

GDP

Billion USD, nominal

$124.7B

2024+3.5B

GDP Growth

Annual %

-2%

2024-4.0%

Inflation

Consumer prices, annual %

1.5%

2024-0.7%

Population

Millions

18.1M

2024+0.2M

Economic Structure

Services57%

Industry27%

Agriculture9%

Investment Score Breakdown

Economic Health (30%)35

Political Safety (25%)30

Business Climate (20%)38

Financial Strength (15%)35

Growth Potential (10%)48

Key Sectors

Oil & Gas

12% of GDP

declining

Agriculture

9% of GDP

stable

Aquaculture

6% of GDP

growing

Mining

4% of GDP

growing

Should I Invest in Ecuador?

CautionSetup: ModerateROI: Low

Ecuador scores 38/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2%.

Investment Score38/100

GDP Growth2%

Inflation2.2%

FDI/GDP1.2%

Public Debt57%

Political Stability-0.8

Strengths

+Low inflation (2.2%) - stable pricing environment

Risks

-Significant political instability - governance risks may affect business continuity
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Belize

Same region, similar income level, faster growth (3.5%)

El Salvador

Same region, similar income level

Paraguay

Same region, similar income level, faster growth (4%)

Guatemala

Same region, similar income level, faster growth (3.5%)

Countries Similar to Ecuador

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Guatemala

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96% match

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Paraguay

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El Salvador

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94% match

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Jamaica

Similar investment profile · Similar risk level

92% match

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Colombia

Similar income level · Similar growth rate

91% match

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