Gross domestic product (GDP) in Ecuador
Ecuador: Gross domestic product (GDP) was 255.13 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
255.13 billion international-$ in 2021 prices
Change on year
up 0.1%
World rank
68th
of 184 countries
All-time high
255.13 billion international-$ in 2021 prices
in 2023
All-time low
20.85 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Ecuador, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Ecuador stood at 255.13 billion international-$ in 2021 prices. That is the highest value across all 74 years on record.
The figure is up 0.1% on the previous year and up 18.0% over ten years.
Over the whole period, gross domestic product (gdp) in Ecuador peaked at 255.13 billion international-$ in 2021 prices in 2023 and was at its lowest, 20.85 billion international-$ in 2021 prices, in 1950.
Ecuador ranks 68th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Ecuador, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 20.85 billion international-$ in 2021 prices | — |
| 1951 | 23.01 billion international-$ in 2021 prices | +10.3% |
| 1952 | 23.24 billion international-$ in 2021 prices | +1.0% |
| 1953 | 27.05 billion international-$ in 2021 prices | +16.4% |
| 1954 | 31.95 billion international-$ in 2021 prices | +18.1% |
| 1955 | 33.88 billion international-$ in 2021 prices | +6.0% |
| 1956 | 34.45 billion international-$ in 2021 prices | +1.7% |
| 1957 | 35.08 billion international-$ in 2021 prices | +1.8% |
| 1958 | 34.95 billion international-$ in 2021 prices | -0.4% |
| 1959 | 37.46 billion international-$ in 2021 prices | +7.2% |
| 1960 | 40.49 billion international-$ in 2021 prices | +8.1% |
| 1961 | 42.14 billion international-$ in 2021 prices | +4.1% |
| 1962 | 42.19 billion international-$ in 2021 prices | +0.1% |
| 1963 | 43.58 billion international-$ in 2021 prices | +3.3% |
| 1964 | 46.91 billion international-$ in 2021 prices | +7.6% |
| 1965 | 48.40 billion international-$ in 2021 prices | +3.2% |
| 1966 | 50.43 billion international-$ in 2021 prices | +4.2% |
| 1967 | 56.67 billion international-$ in 2021 prices | +12.4% |
| 1968 | 59.20 billion international-$ in 2021 prices | +4.5% |
| 1969 | 59.01 billion international-$ in 2021 prices | -0.3% |
| 1970 | 63.35 billion international-$ in 2021 prices | +7.4% |
| 1971 | 65.70 billion international-$ in 2021 prices | +3.7% |
| 1972 | 67.27 billion international-$ in 2021 prices | +2.4% |
| 1973 | 57.09 billion international-$ in 2021 prices | -15.1% |
| 1974 | 52.65 billion international-$ in 2021 prices | -7.8% |
| 1975 | 59.15 billion international-$ in 2021 prices | +12.3% |
| 1976 | 62.55 billion international-$ in 2021 prices | +5.8% |
| 1977 | 65.08 billion international-$ in 2021 prices | +4.0% |
| 1978 | 68.24 billion international-$ in 2021 prices | +4.9% |
| 1979 | 71.09 billion international-$ in 2021 prices | +4.2% |
| 1980 | 73.62 billion international-$ in 2021 prices | +3.5% |
| 1981 | 78.05 billion international-$ in 2021 prices | +6.0% |
| 1982 | 76.97 billion international-$ in 2021 prices | -1.4% |
| 1983 | 76.24 billion international-$ in 2021 prices | -0.9% |
| 1984 | 75.92 billion international-$ in 2021 prices | -0.4% |
| 1985 | 77.08 billion international-$ in 2021 prices | +1.5% |
| 1986 | 72.02 billion international-$ in 2021 prices | -6.6% |
| 1987 | 71.62 billion international-$ in 2021 prices | -0.6% |
| 1988 | 66.03 billion international-$ in 2021 prices | -7.8% |
| 1989 | 67.22 billion international-$ in 2021 prices | +1.8% |
| 1990 | 73.16 billion international-$ in 2021 prices | +8.8% |
| 1991 | 75.35 billion international-$ in 2021 prices | +3.0% |
| 1992 | 76.44 billion international-$ in 2021 prices | +1.5% |
| 1993 | 69.94 billion international-$ in 2021 prices | -8.5% |
| 1994 | 70.94 billion international-$ in 2021 prices | +1.4% |
| 1995 | 71.06 billion international-$ in 2021 prices | +0.2% |
| 1996 | 72.94 billion international-$ in 2021 prices | +2.6% |
| 1997 | 69.24 billion international-$ in 2021 prices | -5.1% |
| 1998 | 68.68 billion international-$ in 2021 prices | -0.8% |
| 1999 | 64.29 billion international-$ in 2021 prices | -6.4% |
| 2000 | 71.63 billion international-$ in 2021 prices | +11.4% |
| 2001 | 73.66 billion international-$ in 2021 prices | +2.8% |
| 2002 | 81.21 billion international-$ in 2021 prices | +10.3% |
| 2003 | 86.93 billion international-$ in 2021 prices | +7.0% |
| 2004 | 99.79 billion international-$ in 2021 prices | +14.8% |
| 2005 | 119.99 billion international-$ in 2021 prices | +20.2% |
| 2006 | 130.46 billion international-$ in 2021 prices | +8.7% |
| 2007 | 138.81 billion international-$ in 2021 prices | +6.4% |
| 2008 | 156.10 billion international-$ in 2021 prices | +12.5% |
| 2009 | 150.77 billion international-$ in 2021 prices | -3.4% |
| 2010 | 164.00 billion international-$ in 2021 prices | +8.8% |
| 2011 | 184.61 billion international-$ in 2021 prices | +12.6% |
| 2012 | 197.52 billion international-$ in 2021 prices | +7.0% |
| 2013 | 216.30 billion international-$ in 2021 prices | +9.5% |
| 2014 | 219.99 billion international-$ in 2021 prices | +1.7% |
| 2015 | 200.50 billion international-$ in 2021 prices | -8.9% |
| 2016 | 198.46 billion international-$ in 2021 prices | -1.0% |
| 2017 | 213.36 billion international-$ in 2021 prices | +7.5% |
| 2018 | 222.58 billion international-$ in 2021 prices | +4.3% |
| 2019 | 230.84 billion international-$ in 2021 prices | +3.7% |
| 2020 | 212.80 billion international-$ in 2021 prices | -7.8% |
| 2021 | 240.37 billion international-$ in 2021 prices | +13.0% |
| 2022 | 254.77 billion international-$ in 2021 prices | +6.0% |
| 2023 | 255.13 billion international-$ in 2021 prices | +0.1% |
Ecuador compared with similar countries
- Ecuador's 255.13 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 1.7× the median. (51 countries reporting)
- Ecuador's 255.13 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 6.0× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 30.19 billion international-$ in 2021 prices | 20.85 billion international-$ in 2021 prices | 37.46 billion international-$ in 2021 prices | 10 |
| 1960s | 48.90 billion international-$ in 2021 prices | 40.49 billion international-$ in 2021 prices | 59.20 billion international-$ in 2021 prices | 10 |
| 1970s | 63.22 billion international-$ in 2021 prices | 52.65 billion international-$ in 2021 prices | 71.09 billion international-$ in 2021 prices | 10 |
| 1980s | 73.48 billion international-$ in 2021 prices | 66.03 billion international-$ in 2021 prices | 78.05 billion international-$ in 2021 prices | 10 |
| 1990s | 71.20 billion international-$ in 2021 prices | 64.29 billion international-$ in 2021 prices | 76.44 billion international-$ in 2021 prices | 10 |
| 2000s | 110.94 billion international-$ in 2021 prices | 71.63 billion international-$ in 2021 prices | 156.10 billion international-$ in 2021 prices | 10 |
| 2010s | 204.82 billion international-$ in 2021 prices | 164.00 billion international-$ in 2021 prices | 230.84 billion international-$ in 2021 prices | 10 |
| 2020s | 240.77 billion international-$ in 2021 prices | 212.80 billion international-$ in 2021 prices | 255.13 billion international-$ in 2021 prices | 4 |
Countries ranked near Ecuador
- 65 Kuwait 266.11 billion international-$ in 2021 prices compare
- 66 Dominican Republic 261.55 billion international-$ in 2021 prices compare
- 67 Belarus 261.41 billion international-$ in 2021 prices compare
- 69 New Zealand 243.95 billion international-$ in 2021 prices compare
- 70 Tanzania 230.60 billion international-$ in 2021 prices compare
- 71 Angola 227.17 billion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.30 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 191.26 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.01 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 71.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.84 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Ecuador?
- Gross domestic product (gdp) in Ecuador was 255.13 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Ecuador?
- The highest recorded value was 255.13 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Ecuador?
- The lowest recorded value was 20.85 billion international-$ in 2021 prices in 1950.
- How does Ecuador rank for gross domestic product (gdp)?
- Ecuador ranks 68th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Ecuador?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.