Gross Domestic Product

Nominal GDP
118,845mill

2023

2022: 116,586.08
Real GDP growth
2.36%

2023

2022: 6.19
Quarterly GDP, YoY growth
-0.75%

2023.Q4

2022.Q4: 2.74
BCE growth forecast for 2024
1.00%

as of March 2024

IMF (abr/24): 0.1%
Annual GDP

Units: Millions current USD and real GDP growth rate

Frequency: Annual

Source: Central Bank of Ecuador - Quarterly National Accounts. BCE forecast in dashed lines.
Quarterly GDP

Units: Millions current USD and real GDP growth rate

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.
Contributions to growth

Units: Percentage points of YoY GDP growth

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.
Household final consumption expenditure

Units: Millions current USD and real growth rate

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.

Gross Value Added

Top contributors to GDP growth by sector

Units: Percentage points of YoY GDP growth

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.
Fastest growing sectors

Units: YoY percent variation

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.
Sectors with the most negative growth

Units: YoY percent variation

Frequency: Quarterly

Source: Central Bank of Ecuador - Quarterly National Accounts.