Value Added (Total Manufacturing) — Value Standard Local Currency in Ecuador
Ecuador: Value Added (Total Manufacturing) — Value Standard Local Currency was 14,792 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Ecuador, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Ecuador stood at 14,792 million SLC.
Compared with earlier readings it is down 2.0% on the previous year and up 24.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Ecuador peaked at 15,092 million SLC in 2022 and was at its lowest, 663.91 million SLC, in 1971.
Ecuador ranks 151st of 231 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.
Value Added (Total Manufacturing) — Value Standard Local Currency in Ecuador, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 689.93 million SLC | — |
| 1971 | 663.91 million SLC | -3.8% |
| 1972 | 724.47 million SLC | +9.1% |
| 1973 | 756.34 million SLC | +4.4% |
| 1974 | 1,269 million SLC | +67.8% |
| 1975 | 1,485 million SLC | +17.0% |
| 1976 | 1,786 million SLC | +20.3% |
| 1977 | 2,317 million SLC | +29.7% |
| 1978 | 2,373 million SLC | +2.4% |
| 1979 | 2,935 million SLC | +23.7% |
| 1980 | 3,302 million SLC | +12.5% |
| 1981 | 4,053 million SLC | +22.7% |
| 1982 | 3,940 million SLC | -2.8% |
| 1983 | 3,336 million SLC | -15.3% |
| 1984 | 3,835 million SLC | +15.0% |
| 1985 | 3,837 million SLC | +0.0% |
| 1986 | 3,235 million SLC | -15.7% |
| 1987 | 3,001 million SLC | -7.2% |
| 1988 | 2,849 million SLC | -5.1% |
| 1989 | 3,104 million SLC | +8.9% |
| 1990 | 3,517 million SLC | +13.3% |
| 1991 | 4,118 million SLC | +17.1% |
| 1992 | 4,760 million SLC | +15.6% |
| 1993 | 4,349 million SLC | -8.6% |
| 1994 | 5,309 million SLC | +22.1% |
| 1995 | 5,492 million SLC | +3.4% |
| 1996 | 5,627 million SLC | +2.5% |
| 1997 | 5,738 million SLC | +2.0% |
| 1998 | 5,582 million SLC | -2.7% |
| 1999 | 4,244 million SLC | -24.0% |
| 2000 | 4,197 million SLC | -1.1% |
| 2001 | 4,724 million SLC | +12.6% |
| 2002 | 5,107 million SLC | +8.1% |
| 2003 | 5,362 million SLC | +5.0% |
| 2004 | 5,603 million SLC | +4.5% |
| 2005 | 5,923 million SLC | +5.7% |
| 2006 | 6,419 million SLC | +8.4% |
| 2007 | 7,037 million SLC | +9.6% |
| 2008 | 8,372 million SLC | +19.0% |
| 2009 | 8,598 million SLC | +2.7% |
| 2010 | 9,143 million SLC | +6.3% |
| 2011 | 10,150 million SLC | +11.0% |
| 2012 | 11,054 million SLC | +8.9% |
| 2013 | 11,841 million SLC | +7.1% |
| 2014 | 13,492 million SLC | +13.9% |
| 2015 | 13,901 million SLC | +3.0% |
| 2016 | 14,253 million SLC | +2.5% |
| 2017 | 14,554 million SLC | +2.1% |
| 2018 | 14,366 million SLC | -1.3% |
| 2019 | 13,642 million SLC | -5.0% |
| 2020 | 12,407 million SLC | -9.1% |
| 2021 | 14,128 million SLC | +13.9% |
| 2022 | 15,092 million SLC | +6.8% |
| 2023 | 14,792 million SLC | -2.0% |
Ecuador compared with similar countries
- Ecuador's 14,792 million SLC is below the median for upper middle income countries, which is 109,280 million SLC, 14% of the median. (54 countries reporting)
- Ecuador's 14,792 million SLC is below the median for Latin America & Caribbean, which is 23,287 million SLC, 64% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,500 million SLC | 663.91 million SLC | 2,935 million SLC | 10 |
| 1980s | 3,449 million SLC | 2,849 million SLC | 4,053 million SLC | 10 |
| 1990s | 4,873 million SLC | 3,517 million SLC | 5,738 million SLC | 10 |
| 2000s | 6,134 million SLC | 4,197 million SLC | 8,598 million SLC | 10 |
| 2010s | 12,640 million SLC | 9,143 million SLC | 14,554 million SLC | 10 |
| 2020s | 14,105 million SLC | 12,407 million SLC | 15,092 million SLC | 4 |
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)
- 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 value added (total manufacturing) — value standard local currency in Ecuador?
- Value added (total manufacturing) — value standard local currency in Ecuador was 14,792 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Ecuador?
- The highest recorded value was 15,092 million SLC in 2022.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Ecuador?
- The lowest recorded value was 663.91 million SLC in 1971.
- How does Ecuador rank for value added (total manufacturing) — value standard local currency?
- Ecuador ranks 151st out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Ecuador?
- Over the last ten years it is up 24.9%. 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 Value Added (Total Manufacturing) — 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).