Gross Domestic Product — Value US$, 2015 prices in Ecuador
Ecuador: Gross Domestic Product — Value US$, 2015 prices was 109,918 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Ecuador, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in Ecuador stood at 109,918 million USD.
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 us$, 2015 prices in Ecuador peaked at 112,163 million USD in 2023 and was at its lowest, 14,022 million USD, in 1970.
That places Ecuador 62nd out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Ecuador, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 14,022 million USD | — |
| 1971 | 14,591 million USD | +4.1% |
| 1972 | 15,910 million USD | +9.0% |
| 1973 | 17,161 million USD | +7.9% |
| 1974 | 19,290 million USD | +12.4% |
| 1975 | 21,744 million USD | +12.7% |
| 1976 | 23,083 million USD | +6.2% |
| 1977 | 23,521 million USD | +1.9% |
| 1978 | 24,731 million USD | +5.1% |
| 1979 | 25,746 million USD | +4.1% |
| 1980 | 26,550 million USD | +3.1% |
| 1981 | 29,146 million USD | +9.8% |
| 1982 | 29,628 million USD | +1.7% |
| 1983 | 29,837 million USD | +0.7% |
| 1984 | 30,710 million USD | +2.9% |
| 1985 | 32,186 million USD | +4.8% |
| 1986 | 33,295 million USD | +3.4% |
| 1987 | 34,553 million USD | +3.8% |
| 1988 | 35,587 million USD | +3.0% |
| 1989 | 36,620 million USD | +2.9% |
| 1990 | 39,008 million USD | +6.5% |
| 1991 | 40,691 million USD | +4.3% |
| 1992 | 41,368 million USD | +1.7% |
| 1993 | 42,425 million USD | +2.6% |
| 1994 | 44,064 million USD | +3.9% |
| 1995 | 44,923 million USD | +1.9% |
| 1996 | 47,145 million USD | +4.9% |
| 1997 | 48,318 million USD | +2.5% |
| 1998 | 49,957 million USD | +3.4% |
| 1999 | 47,768 million USD | -4.4% |
| 2000 | 50,166 million USD | +5.0% |
| 2001 | 52,276 million USD | +4.2% |
| 2002 | 54,852 million USD | +4.9% |
| 2003 | 56,434 million USD | +2.9% |
| 2004 | 60,290 million USD | +6.8% |
| 2005 | 63,545 million USD | +5.4% |
| 2006 | 66,303 million USD | +4.3% |
| 2007 | 67,564 million USD | +1.9% |
| 2008 | 72,000 million USD | +6.6% |
| 2009 | 72,786 million USD | +1.1% |
| 2010 | 75,718 million USD | +4.0% |
| 2011 | 82,140 million USD | +8.5% |
| 2012 | 86,891 million USD | +5.8% |
| 2013 | 93,156 million USD | +7.2% |
| 2014 | 97,093 million USD | +4.2% |
| 2015 | 97,210 million USD | +0.1% |
| 2016 | 96,541 million USD | -0.7% |
| 2017 | 102,305 million USD | +6.0% |
| 2018 | 103,373 million USD | +1.0% |
| 2019 | 103,544 million USD | +0.2% |
| 2020 | 93,971 million USD | -9.2% |
| 2021 | 103,198 million USD | +9.8% |
| 2022 | 109,582 million USD | +6.2% |
| 2023 | 112,163 million USD | +2.4% |
| 2024 | 109,918 million USD | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,980 million USD | 14,022 million USD | 25,746 million USD | 10 |
| 1980s | 31,811 million USD | 26,550 million USD | 36,620 million USD | 10 |
| 1990s | 44,567 million USD | 39,008 million USD | 49,957 million USD | 10 |
| 2000s | 61,621 million USD | 50,166 million USD | 72,786 million USD | 10 |
| 2010s | 93,797 million USD | 75,718 million USD | 103,544 million USD | 10 |
| 2020s | 105,766 million USD | 93,971 million USD | 112,163 million USD | 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)
- Gross domestic savings (current US$), annual growth rate 11.66 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2446 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 1,743 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 11.66 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.2446 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 1,743 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 8.46 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9668 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Ecuador?
- Gross domestic product — value us$, 2015 prices in Ecuador was 109,918 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Ecuador?
- The highest recorded value was 112,163 million USD in 2023.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Ecuador?
- The lowest recorded value was 14,022 million USD in 1970.
- How does Ecuador rank for gross domestic product — value us$, 2015 prices?
- Ecuador ranks 62nd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).