Annual GDP growth in Ecuador
Ecuador: Annual GDP growth was 2.4% in 2023. ◆ Volatile
Latest (2023)
2.4%
Change on year
down 61.9%
World rank
125th
of 211 countries
All-time high
9.8%
in 2021
All-time low
-9.2%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Ecuador, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Ecuador recorded 2.4% for annual gdp growth in 2023.
Compared with earlier readings it is down 61.9% on the previous year and down 67.3% over ten years.
Over the whole period, annual gdp growth in Ecuador peaked at 9.8% in 2021 and was at its lowest, -9.2%, in 2020.
That places Ecuador 125th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 2.3% | -9.2% | 9.8% | 4 |
Countries ranked near Ecuador
More economy & growth data for Ecuador
- External balance on goods and services as a percent of GDP 3.5% (2025)
- Inflation of consumer prices 0.7% (2025)
- GDP per capita 6,165 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.2% (2025)
- Gross domestic product (GDP) 112.75 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,165 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 7.01 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 7.01 billion current US$ (2025)
- Taxes less subsidies on products 9.98 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Ecuador?
- Annual gdp growth in Ecuador was 2.4% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Ecuador?
- The highest recorded value was 9.8% 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 125th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Ecuador?
- Over the last ten years it is down 67.3%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)