Gross Fixed Capital Formation — Value Standard Local Currency in Ecuador
Ecuador: Gross Fixed Capital Formation — Value Standard Local Currency was 22,291 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Ecuador, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Ecuador recorded 22,291 million SLC for gross fixed capital formation — value standard local currency in 2024.
That represents a change of down 4.6% on the previous year and down 7.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Ecuador peaked at 24,122 million SLC in 2014 and was at its lowest, 358.99 million SLC, in 1970.
Ecuador ranks 156th of 230 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 Fixed Capital Formation — Value Standard Local Currency in Ecuador, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 358.99 million SLC | — |
| 1971 | 409.96 million SLC | +14.2% |
| 1972 | 502.38 million SLC | +22.5% |
| 1973 | 746.24 million SLC | +48.5% |
| 1974 | 752.79 million SLC | +0.9% |
| 1975 | 1,152 million SLC | +53.0% |
| 1976 | 1,382 million SLC | +20.0% |
| 1977 | 1,770 million SLC | +28.0% |
| 1978 | 2,111 million SLC | +19.3% |
| 1979 | 2,337 million SLC | +10.7% |
| 1980 | 2,779 million SLC | +18.9% |
| 1981 | 3,420 million SLC | +23.1% |
| 1982 | 3,298 million SLC | -3.6% |
| 1983 | 2,168 million SLC | -34.3% |
| 1984 | 2,172 million SLC | +0.2% |
| 1985 | 2,323 million SLC | +7.0% |
| 1986 | 2,344 million SLC | +0.9% |
| 1987 | 2,387 million SLC | +1.8% |
| 1988 | 2,043 million SLC | -14.4% |
| 1989 | 2,209 million SLC | +8.1% |
| 1990 | 2,191 million SLC | -0.8% |
| 1991 | 2,404 million SLC | +9.7% |
| 1992 | 2,444 million SLC | +1.7% |
| 1993 | 2,710 million SLC | +10.9% |
| 1994 | 3,169 million SLC | +16.9% |
| 1995 | 3,320 million SLC | +4.8% |
| 1996 | 3,317 million SLC | -0.1% |
| 1997 | 3,765 million SLC | +13.5% |
| 1998 | 4,163 million SLC | +10.6% |
| 1999 | 2,511 million SLC | -39.7% |
| 2000 | 2,632 million SLC | +4.8% |
| 2001 | 3,538 million SLC | +34.4% |
| 2002 | 4,523 million SLC | +27.9% |
| 2003 | 4,780 million SLC | +5.7% |
| 2004 | 5,550 million SLC | +16.1% |
| 2005 | 6,564 million SLC | +18.3% |
| 2006 | 7,574 million SLC | +15.4% |
| 2007 | 8,208 million SLC | +8.4% |
| 2008 | 10,660 million SLC | +29.9% |
| 2009 | 10,902 million SLC | +2.3% |
| 2010 | 13,434 million SLC | +23.2% |
| 2011 | 16,541 million SLC | +23.1% |
| 2012 | 19,424 million SLC | +17.4% |
| 2013 | 23,105 million SLC | +18.9% |
| 2014 | 24,122 million SLC | +4.4% |
| 2015 | 21,912 million SLC | -9.2% |
| 2016 | 20,232 million SLC | -7.7% |
| 2017 | 22,420 million SLC | +10.8% |
| 2018 | 22,558 million SLC | +0.6% |
| 2019 | 22,224 million SLC | -1.5% |
| 2020 | 17,251 million SLC | -22.4% |
| 2021 | 20,493 million SLC | +18.8% |
| 2022 | 23,467 million SLC | +14.5% |
| 2023 | 23,356 million SLC | -0.5% |
| 2024 | 22,291 million SLC | -4.6% |
Ecuador compared with similar countries
- Ecuador's 22,291 million SLC is below the median for upper middle income countries, which is 199,742 million SLC, 11% of the median. (54 countries reporting)
- Ecuador's 22,291 million SLC is above the median for Latin America & Caribbean, which is 21,321 million SLC, 1.0× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,152 million SLC | 358.99 million SLC | 2,337 million SLC | 10 |
| 1980s | 2,514 million SLC | 2,043 million SLC | 3,420 million SLC | 10 |
| 1990s | 2,999 million SLC | 2,191 million SLC | 4,163 million SLC | 10 |
| 2000s | 6,493 million SLC | 2,632 million SLC | 10,902 million SLC | 10 |
| 2010s | 20,597 million SLC | 13,434 million SLC | 24,122 million SLC | 10 |
| 2020s | 21,372 million SLC | 17,251 million SLC | 23,467 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)
- 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 fixed capital formation — value standard local currency in Ecuador?
- Gross fixed capital formation — value standard local currency in Ecuador was 22,291 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Ecuador?
- The highest recorded value was 24,122 million SLC in 2014.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Ecuador?
- The lowest recorded value was 358.99 million SLC in 1970.
- How does Ecuador rank for gross fixed capital formation — value standard local currency?
- Ecuador ranks 156th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Ecuador?
- Over the last ten years it is down 7.6%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).