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. Measured in %.
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 220th out of 230 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 | % | 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% |
Ecuador compared with similar countries
- Ecuador's -2.0% is below the median for upper middle income countries, which is 3.5%. (56 countries reporting)
- Ecuador's -2.0% is below the median for Latin America & Caribbean, which is 3.3%. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Ecuador changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -5689.4% | 0.2% | -9.2% |
| 2017 | +967.8% | -0.7% | 6.0% |
| 2016 | -674.8% | 0.1% | -0.7% |
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
- Real gdp growth, annual growth rate 291.67 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -72.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.2802 units per person (2025)
- SDRs holdings, SDR, annual growth rate -74.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2046 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 12.99 % change on previous year (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 220th out of 230 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.
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