Gross Domestic Product — Value US$ in Ecuador
Ecuador: Gross Domestic Product — Value US$ was 122,307 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Ecuador, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Ecuador is 122,307 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 2.9% on the previous year and up 19.1% over ten years.
Over the whole period, gross domestic product — value us$ in Ecuador peaked at 122,307 million USD in 2024 and was at its lowest, 2,690 million USD, in 1971.
Ecuador ranks 75th of 236 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 US$ in Ecuador, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,799 million USD | — |
| 1971 | 2,690 million USD | -3.9% |
| 1972 | 3,091 million USD | +14.9% |
| 1973 | 3,900 million USD | +26.2% |
| 1974 | 6,471 million USD | +65.9% |
| 1975 | 7,708 million USD | +19.1% |
| 1976 | 9,045 million USD | +17.3% |
| 1977 | 11,055 million USD | +22.2% |
| 1978 | 11,806 million USD | +6.8% |
| 1979 | 14,362 million USD | +21.6% |
| 1980 | 18,254 million USD | +27.1% |
| 1981 | 22,116 million USD | +21.2% |
| 1982 | 20,060 million USD | -9.3% |
| 1983 | 17,256 million USD | -14.0% |
| 1984 | 16,943 million USD | -1.8% |
| 1985 | 17,304 million USD | +2.1% |
| 1986 | 14,982 million USD | -13.4% |
| 1987 | 13,420 million USD | -10.4% |
| 1988 | 12,252 million USD | -8.7% |
| 1989 | 13,247 million USD | +8.1% |
| 1990 | 14,949 million USD | +12.8% |
| 1991 | 16,438 million USD | +10.0% |
| 1992 | 17,390 million USD | +5.8% |
| 1993 | 18,335 million USD | +5.4% |
| 1994 | 22,118 million USD | +20.6% |
| 1995 | 23,898 million USD | +8.1% |
| 1996 | 24,797 million USD | +3.8% |
| 1997 | 27,553 million USD | +11.1% |
| 1998 | 27,192 million USD | -1.3% |
| 1999 | 19,023 million USD | -30.0% |
| 2000 | 17,531 million USD | -7.8% |
| 2001 | 23,127 million USD | +31.9% |
| 2002 | 27,054 million USD | +17.0% |
| 2003 | 30,965 million USD | +14.5% |
| 2004 | 35,195 million USD | +13.7% |
| 2005 | 40,279 million USD | +14.4% |
| 2006 | 45,691 million USD | +13.4% |
| 2007 | 49,849 million USD | +9.1% |
| 2008 | 61,139 million USD | +22.6% |
| 2009 | 60,095 million USD | -1.7% |
| 2010 | 68,151 million USD | +13.4% |
| 2011 | 78,987 million USD | +15.9% |
| 2012 | 87,735 million USD | +11.1% |
| 2013 | 96,570 million USD | +10.1% |
| 2014 | 102,718 million USD | +6.4% |
| 2015 | 97,210 million USD | -5.4% |
| 2016 | 97,671 million USD | +0.5% |
| 2017 | 104,467 million USD | +7.0% |
| 2018 | 107,479 million USD | +2.9% |
| 2019 | 107,596 million USD | +0.1% |
| 2020 | 95,866 million USD | -10.9% |
| 2021 | 107,435 million USD | +12.1% |
| 2022 | 116,586 million USD | +8.5% |
| 2023 | 118,845 million USD | +1.9% |
| 2024 | 122,307 million USD | +2.9% |
Ecuador compared with similar countries
- Ecuador's 122,307 million USD is above the median for upper middle income countries, which is 44,912 million USD, 2.7× the median. (54 countries reporting)
- Ecuador's 122,307 million USD is above the median for Latin America & Caribbean, which is 24,901 million USD, 4.9× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,293 million USD | 2,690 million USD | 14,362 million USD | 10 |
| 1980s | 16,583 million USD | 12,252 million USD | 22,116 million USD | 10 |
| 1990s | 21,169 million USD | 14,949 million USD | 27,553 million USD | 10 |
| 2000s | 39,092 million USD | 17,531 million USD | 61,139 million USD | 10 |
| 2010s | 94,858 million USD | 68,151 million USD | 107,596 million USD | 10 |
| 2020s | 112,208 million USD | 95,866 million USD | 122,307 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)
- SDRs holdings, US dollar, annual growth rate -72.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.2802 units per person (2025)
- SDRs holdings, SDR, annual growth rate -74.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2046 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 12.99 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0828 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Ecuador?
- Gross domestic product — value us$ in Ecuador was 122,307 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Ecuador?
- The highest recorded value was 122,307 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Ecuador?
- The lowest recorded value was 2,690 million USD in 1971.
- How does Ecuador rank for gross domestic product — value us$?
- Ecuador ranks 75th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. 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).