Gross Domestic Product — Value Standard Local Currency in Ecuador
Ecuador: Gross Domestic Product — Value Standard Local Currency was 122,307 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Ecuador, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Ecuador is 122,307 million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 2.9% on the previous year and up 19.1% over ten years.
Over the whole period, gross domestic product — value standard local currency in Ecuador peaked at 122,307 million SLC in 2024 and was at its lowest, 2,690 million SLC, in 1971.
That places Ecuador 152nd out of 218 countries with data for 2024, putting it 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 in Ecuador, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2,799 million SLC | — |
| 1971 | 2,690 million SLC | -3.9% |
| 1972 | 3,091 million SLC | +14.9% |
| 1973 | 3,900 million SLC | +26.2% |
| 1974 | 6,471 million SLC | +65.9% |
| 1975 | 7,708 million SLC | +19.1% |
| 1976 | 9,045 million SLC | +17.3% |
| 1977 | 11,055 million SLC | +22.2% |
| 1978 | 11,806 million SLC | +6.8% |
| 1979 | 14,362 million SLC | +21.6% |
| 1980 | 18,254 million SLC | +27.1% |
| 1981 | 22,116 million SLC | +21.2% |
| 1982 | 20,060 million SLC | -9.3% |
| 1983 | 17,256 million SLC | -14.0% |
| 1984 | 16,943 million SLC | -1.8% |
| 1985 | 17,304 million SLC | +2.1% |
| 1986 | 14,982 million SLC | -13.4% |
| 1987 | 13,420 million SLC | -10.4% |
| 1988 | 12,252 million SLC | -8.7% |
| 1989 | 13,247 million SLC | +8.1% |
| 1990 | 14,949 million SLC | +12.8% |
| 1991 | 16,438 million SLC | +10.0% |
| 1992 | 17,390 million SLC | +5.8% |
| 1993 | 18,335 million SLC | +5.4% |
| 1994 | 22,118 million SLC | +20.6% |
| 1995 | 23,898 million SLC | +8.1% |
| 1996 | 24,797 million SLC | +3.8% |
| 1997 | 27,553 million SLC | +11.1% |
| 1998 | 27,192 million SLC | -1.3% |
| 1999 | 19,023 million SLC | -30.0% |
| 2000 | 17,531 million SLC | -7.8% |
| 2001 | 23,127 million SLC | +31.9% |
| 2002 | 27,054 million SLC | +17.0% |
| 2003 | 30,965 million SLC | +14.5% |
| 2004 | 35,195 million SLC | +13.7% |
| 2005 | 40,279 million SLC | +14.4% |
| 2006 | 45,691 million SLC | +13.4% |
| 2007 | 49,849 million SLC | +9.1% |
| 2008 | 61,139 million SLC | +22.6% |
| 2009 | 60,095 million SLC | -1.7% |
| 2010 | 68,151 million SLC | +13.4% |
| 2011 | 78,987 million SLC | +15.9% |
| 2012 | 87,735 million SLC | +11.1% |
| 2013 | 96,570 million SLC | +10.1% |
| 2014 | 102,718 million SLC | +6.4% |
| 2015 | 97,210 million SLC | -5.4% |
| 2016 | 97,671 million SLC | +0.5% |
| 2017 | 104,467 million SLC | +7.0% |
| 2018 | 107,479 million SLC | +2.9% |
| 2019 | 107,596 million SLC | +0.1% |
| 2020 | 95,866 million SLC | -10.9% |
| 2021 | 107,435 million SLC | +12.1% |
| 2022 | 116,586 million SLC | +8.5% |
| 2023 | 118,845 million SLC | +1.9% |
| 2024 | 122,307 million SLC | +2.9% |
Ecuador compared with similar countries
- Ecuador's 122,307 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 13% of the median. (54 countries reporting)
- Ecuador's 122,307 million SLC is below the median for Latin America & Caribbean, which is 147,748 million SLC, 83% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,293 million SLC | 2,690 million SLC | 14,362 million SLC | 10 |
| 1980s | 16,583 million SLC | 12,252 million SLC | 22,116 million SLC | 10 |
| 1990s | 21,169 million SLC | 14,949 million SLC | 27,553 million SLC | 10 |
| 2000s | 39,092 million SLC | 17,531 million SLC | 61,139 million SLC | 10 |
| 2010s | 94,858 million SLC | 68,151 million SLC | 107,596 million SLC | 10 |
| 2020s | 112,208 million SLC | 95,866 million SLC | 122,307 million SLC | 5 |
Countries ranked near Ecuador
- 149 Azerbaijan 126,211 million SLC compare
- 150 Puerto Rico 125,339 million SLC compare
- 151 Papua New Guinea 125,120 million SLC compare
- 153 Sudan (former) 119,838 million SLC compare
- 154 Maldives 107,342 million SLC compare
- 155 Georgia 91,168 million SLC 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 — value standard local currency in Ecuador?
- Gross domestic product — value standard local currency in Ecuador was 122,307 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 recorded in Ecuador?
- The highest recorded value was 122,307 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Ecuador?
- The lowest recorded value was 2,690 million SLC in 1971.
- How does Ecuador rank for gross domestic product — value standard local currency?
- Ecuador ranks 152nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Ecuador?
- Over the last ten years it is up 19.1%. 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. Statizoid updates them automatically from the source API.
Download this data
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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).