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General profile: Ecuador

GENERAL INFORMATION FOR 2022
Exchange rate
Population
Population
Exchange rates
GDP
GDP
18.001 Millions
1.000 USD/US$
115 049 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 248 360 km²
3.47 %
2.95 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+22.3 %
Merchandise exports growth rate in 2022
Total merchandise trade
(millions of US$)
2005
2010
2015
2022
Merchandise exports
10 100
17 490
18 331
32 658
Merchandise imports
10 287
20 591
21 518
33 049
Merchandise trade balance
-187
-3 101
-3 187
-391
Export structure by product group in 2022
(as % of total exports)
2 %2 %5 %5 %36 %36 %5 %5 %5 %5 %47 %47 %
Top 5 partners in 2022
(exports, millions of US$)
7 8967 2303 6051 7761 2387 8967 2303 6051 7761 238
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2022
Services exports
1 018
1 478
2 397
2 886
Services imports
2 148
3 001
3 203
5 538
Services trade balance
-1 130
-1 522
-805
-2 651
Services exports by main category²
(as % of total services)
2005
2010
2015
2022
Transport
32.9
24.3
18.5
21.9
Travel
47.7
52.9
64.7
62.1
Other services
18.8
22.4
16.5
15.9
TRADE INDICES
More data on UNCTADstat
13212510611511210393100133129123117988310588821211079510911310495100132141140140124109131114108
ECONOMIC TRENDS
More data on UNCTADstat
+2.9 %
Gross domestic product growth rate in 2022
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
GDP, current
41 507
69 555
99 290
115 049
GDP per capita, current US$
3 014
4 640
6 131
6 391
Real GDP growth, y-on-y, %
5.29
3.53
0.10
2.95
Current account balance, % of GDP
1.14
-2.27
-2.24
2.34
Exchange rate (/US$)
1.000
1.000
1.000
1.000
GDP by expenditure in 2021
(as % of total GDP)
61.415.322.326.225.261.415.322.326.225.2
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2022
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
FDI inflows
493.41
165.87
1 331.30
788.06
FDI outflows
..
..
..
..
Personal remittances, % of GDP
5.93
3.74
2.40
4.10
Financial flows trends
(millions of US$)
4 748.04 367.43 343.73 242.73 039.12 849.12 612.12 387.62 472.42 458.82 476.22 680.62 599.02 742.43 088.63 341.32 933.82 460.01 838.01 633.41 438.01 420.61 322.37886471 0959791 3896307641 3317777275676461663091 057194271493837872783539-23FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2022
Balance, % of GDP
-0.90
-4.35
-2.47
-0.09
Balance, % of imports
-3.13
-13.37
-10.27
-0.30
Normalized balance
-0.016
-0.072
-0.054
-0.001
Trade openness²
(sum of imports and exports as % of GDP)
635443484844404658606265615268626056
LIVING AREA
Population by living area in 2022
(% of population)
Urban 65%Urban 65%Rural 35%Rural 35%
OTHER INDICATORS
More data on UNCTADstat
0.014 %
Share of the total world merchant fleet in 2022
Maritime transport indicators
 
2005
2010
2015
2022
Merchant fleet, national flag (thousands of DWT)
349
401
416
314
Container port throughput (TEU)
..
1 209 347
1 866 808
2 682 600
Information economy indicators
(as % of)
2005
2010
2015
2022
Share of ICT goods, % of total exports
0.23
0.12
0.08
..
Share of ICT goods, % of total imports
11.12
6.29
5.65
..
Share of workforce involved in the ICT sector
..
..
5.71
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 11 April 2024