Annual GDP growth in Ecuador
Ecuador: Annual GDP growth was -2.0% in 2024. ◆ Volatile
Annual GDP growth in Ecuador, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Ecuador is -2.0%, measured in 2024.
The figure is down 200.7% on the previous year and down 147.4% over ten years.
Over the whole period, annual gdp growth in Ecuador peaked at 9.4% in 2021 and was at its lowest, -9.2%, in 2020.
That places Ecuador 189th out of 196 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.1% | — |
| 2001 | 4.2% | +285.3% |
| 2002 | 4.9% | +17.2% |
| 2003 | 2.9% | -41.5% |
| 2004 | 6.8% | +136.9% |
| 2005 | 5.4% | -21.0% |
| 2006 | 4.3% | -19.6% |
| 2007 | 1.9% | -56.2% |
| 2008 | 6.6% | +245.1% |
| 2009 | 1.1% | -83.4% |
| 2010 | 4.0% | +269.3% |
| 2011 | 8.5% | +110.5% |
| 2012 | 5.8% | -31.8% |
| 2013 | 7.2% | +24.7% |
| 2014 | 4.2% | -41.4% |
| 2015 | 0.1% | -97.2% |
| 2016 | -0.7% | -674.8% |
| 2017 | 6.0% | -967.8% |
| 2018 | 1.0% | -82.5% |
| 2019 | 0.2% | -84.2% |
| 2020 | -9.2% | -5689.4% |
| 2021 | 9.4% | -201.9% |
| 2022 | 5.9% | -37.7% |
| 2023 | 2.0% | -66.1% |
| 2024 | -2.0% | -200.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | 1.1% | 6.8% | 10 |
| 2010s | 3.6% | -0.7% | 8.5% | 10 |
| 2020s | 1.2% | -9.2% | 9.4% | 5 |
Countries ranked near Ecuador
More economy & growth data for Ecuador
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.51 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual -7.38 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 14.81 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0765 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 545.42 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 14.81 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0765 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 545.42 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is annual gdp growth in Ecuador?
- Annual gdp growth in Ecuador was -2.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Ecuador?
- The highest recorded value was 9.4% in 2021.
- What is the lowest annual gdp growth recorded in Ecuador?
- The lowest recorded value was -9.2% in 2020.
- How does Ecuador rank for annual gdp growth?
- Ecuador ranks 189th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Ecuador?
- Over the last ten years it is down 147.4%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).