General profile: Ecuador

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
17.643 Millions
1.000 USD/US$
95 753 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 248 360 km²
-0.34 %
-7.80 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-9.4 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
10 100
17 490
18 331
20 227
Merchandise imports
10 287
20 591
21 518
17 959
Merchandise trade balance
-187
-3 101
-3 187
2 267
Export structure by product group in 2020
(as % of total exports)
4 %4 %5 %5 %29 %29 %6 %6 %55 %55 %
Top 5 partners in 2020
(exports, millions of US$)
5 1713 2451 8131 3306855 1713 2451 8131 330685
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
1 018
1 478
2 397
1 767
Services imports
2 148
3 001
3 203
2 760
Services trade balance
-1 130
-1 522
-805
-993
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
32.9
24.3
18.5
36.1
Travel
47.7
52.9
64.7
39.7
Other services
18.8
22.4
16.5
24.2
TRADE INDICES
More data on UNCTADstat
108118115106931001341301241181008510587826856484036379611111510695100133142140141125109130111107978989847984
ECONOMIC TRENDS
More data on UNCTADstat
-7.8 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
41 507
69 555
99 290
95 753
GDP per capita, current US$
3 002
4 634
6 124
5 427
Real GDP growth, y-on-y, %
5.29
3.53
0.10
-7.80
Current account balance, % of GDP
1.14
-2.27
-2.24
2.58
Exchange rate (/US$)
1.000
1.000
1.000
1.000
GDP by expenditure in 2019
(as % of total GDP)
60.514.525.023.423.360.514.525.023.423.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
493.41
165.86
1 331.25
1 016.95
FDI outflows
..
..
..
..
Personal remittances, % of GDP
5.93
3.74
2.40
3.49
Financial flows trends
(millions of US$)
3 343.83 242.73 039.12 849.12 612.12 387.62 472.42 458.82 476.22 680.62 599.02 742.43 088.63 341.32 933.82 460.01 838.01 633.41 438.01 420.61 322.31 0179621 3886247561 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
2020
Balance, % of GDP
-0.90
-4.35
-2.47
2.44
Balance, % of imports
-3.13
-13.37
-10.27
11.76
Normalized balance
-0.016
-0.072
-0.054
0.056
Trade openness²
(sum of imports and exports as % of GDP)
44484844404658606265615268626056
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
58%Male 58%Female
42%Female 42%
OTHER INDICATORS
More data on UNCTADstat
0.017 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
349
401
416
344
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
21.08
22.09
38.53
Container port throughput (TEU)
..
1 252 570
1 824 595
2 190 853
Information economy indicators
(as % of)
2005
2010
2015
2020
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
..
..
..
..
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).
n
Estimated. Data refers to 2016.
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: 05 January 2022