Gross Domestic Product — Value Standard Local Currency, 2015 prices in Ecuador
Ecuador: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 109,918 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Ecuador, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Ecuador stood at 109,918 million SLC.
Compared with earlier readings it is down 2.0% on the previous year and up 13.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Ecuador peaked at 112,163 million SLC in 2023 and was at its lowest, 14,022 million SLC, in 1970.
Ecuador ranks 120th of 194 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 — Value Standard Local Currency, 2015 prices in Ecuador, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 14,022 million SLC | — |
| 1971 | 14,591 million SLC | +4.1% |
| 1972 | 15,910 million SLC | +9.0% |
| 1973 | 17,161 million SLC | +7.9% |
| 1974 | 19,290 million SLC | +12.4% |
| 1975 | 21,744 million SLC | +12.7% |
| 1976 | 23,083 million SLC | +6.2% |
| 1977 | 23,521 million SLC | +1.9% |
| 1978 | 24,731 million SLC | +5.1% |
| 1979 | 25,746 million SLC | +4.1% |
| 1980 | 26,550 million SLC | +3.1% |
| 1981 | 29,146 million SLC | +9.8% |
| 1982 | 29,628 million SLC | +1.7% |
| 1983 | 29,837 million SLC | +0.7% |
| 1984 | 30,710 million SLC | +2.9% |
| 1985 | 32,186 million SLC | +4.8% |
| 1986 | 33,295 million SLC | +3.4% |
| 1987 | 34,553 million SLC | +3.8% |
| 1988 | 35,587 million SLC | +3.0% |
| 1989 | 36,620 million SLC | +2.9% |
| 1990 | 39,008 million SLC | +6.5% |
| 1991 | 40,691 million SLC | +4.3% |
| 1992 | 41,368 million SLC | +1.7% |
| 1993 | 42,425 million SLC | +2.6% |
| 1994 | 44,064 million SLC | +3.9% |
| 1995 | 44,923 million SLC | +1.9% |
| 1996 | 47,145 million SLC | +4.9% |
| 1997 | 48,318 million SLC | +2.5% |
| 1998 | 49,957 million SLC | +3.4% |
| 1999 | 47,768 million SLC | -4.4% |
| 2000 | 50,166 million SLC | +5.0% |
| 2001 | 52,276 million SLC | +4.2% |
| 2002 | 54,852 million SLC | +4.9% |
| 2003 | 56,434 million SLC | +2.9% |
| 2004 | 60,290 million SLC | +6.8% |
| 2005 | 63,545 million SLC | +5.4% |
| 2006 | 66,303 million SLC | +4.3% |
| 2007 | 67,564 million SLC | +1.9% |
| 2008 | 72,000 million SLC | +6.6% |
| 2009 | 72,786 million SLC | +1.1% |
| 2010 | 75,718 million SLC | +4.0% |
| 2011 | 82,140 million SLC | +8.5% |
| 2012 | 86,891 million SLC | +5.8% |
| 2013 | 93,156 million SLC | +7.2% |
| 2014 | 97,093 million SLC | +4.2% |
| 2015 | 97,210 million SLC | +0.1% |
| 2016 | 96,541 million SLC | -0.7% |
| 2017 | 102,305 million SLC | +6.0% |
| 2018 | 103,373 million SLC | +1.0% |
| 2019 | 103,544 million SLC | +0.2% |
| 2020 | 93,971 million SLC | -9.2% |
| 2021 | 103,198 million SLC | +9.8% |
| 2022 | 109,582 million SLC | +6.2% |
| 2023 | 112,163 million SLC | +2.4% |
| 2024 | 109,918 million SLC | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,980 million SLC | 14,022 million SLC | 25,746 million SLC | 10 |
| 1980s | 31,811 million SLC | 26,550 million SLC | 36,620 million SLC | 10 |
| 1990s | 44,567 million SLC | 39,008 million SLC | 49,957 million SLC | 10 |
| 2000s | 61,621 million SLC | 50,166 million SLC | 72,786 million SLC | 10 |
| 2010s | 93,797 million SLC | 75,718 million SLC | 103,544 million SLC | 10 |
| 2020s | 105,766 million SLC | 93,971 million SLC | 112,163 million SLC | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2234 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,592 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 4.32 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 4.32 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 10.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.097 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 691.36 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Ecuador?
- Gross domestic product — value standard local currency, 2015 prices in Ecuador was 109,918 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Ecuador?
- The highest recorded value was 112,163 million SLC in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Ecuador?
- The lowest recorded value was 14,022 million SLC in 1970.
- How does Ecuador rank for gross domestic product — value standard local currency, 2015 prices?
- Ecuador ranks 120th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Ecuador?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).