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The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. [17] Ecuador 's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. [18]
Results. In recent months the economy has slowed substantially, owing to an increase in insecurity caused by organized crime, disruptions in oil production, climate-related events, and political uncertainty.
Economy of Ecuador - statistics & facts. With a Gross Domestic Product (GDP) of around 121.6 billion U.S. dollars, Ecuador ranks as the 8th largest economy in Latin America.
After a decade of unprecedented political and economic stability, the last six-plus years in Ecuador have been characterized by declining growth, increasing poverty, one of the highest per capita death rates from the COVID pandemic in the world, spiraling violence and insecurity, and renewed political instability.
Ecuador's economy in numbers: Nominal GDP of USD 115.0 billion in 2022. GDP per capita of USD 6,390 compared to the global average of USD 10,589. Average real GDP growth of 1.5% over the last decade.
The latest World Bank data, research, and development indicators for Ecuador. Access economy facts, statistics, project information, development research from World Bank experts, and breaking news.
Overview In 2022, Ecuador was the number 62 economy in the world in terms of GDP (current US$), the number 68 in total exports, the number 70 in total imports, the number 101 economy in terms of GDP per capita (current US$) and the number 109 most complex economy according to the Economic Complexity Index (ECI) .