Value Added (Total Manufacturing) — Value US$ in Ecuador
Ecuador: Value Added (Total Manufacturing) — Value US$ was 14,792 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Ecuador, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$ in Ecuador stood at 14,792 million USD.
That represents a change of down 2.0% on the previous year and up 24.9% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Ecuador peaked at 15,092 million USD in 2022 and was at its lowest, 663.91 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.
Value Added (Total Manufacturing) — Value US$ in Ecuador, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 689.93 million USD | — |
| 1971 | 663.91 million USD | -3.8% |
| 1972 | 724.47 million USD | +9.1% |
| 1973 | 756.34 million USD | +4.4% |
| 1974 | 1,269 million USD | +67.8% |
| 1975 | 1,485 million USD | +17.0% |
| 1976 | 1,786 million USD | +20.3% |
| 1977 | 2,317 million USD | +29.7% |
| 1978 | 2,373 million USD | +2.4% |
| 1979 | 2,935 million USD | +23.7% |
| 1980 | 3,302 million USD | +12.5% |
| 1981 | 4,053 million USD | +22.7% |
| 1982 | 3,940 million USD | -2.8% |
| 1983 | 3,336 million USD | -15.3% |
| 1984 | 3,835 million USD | +15.0% |
| 1985 | 3,837 million USD | +0.0% |
| 1986 | 3,235 million USD | -15.7% |
| 1987 | 3,001 million USD | -7.2% |
| 1988 | 2,849 million USD | -5.1% |
| 1989 | 3,104 million USD | +8.9% |
| 1990 | 3,517 million USD | +13.3% |
| 1991 | 4,118 million USD | +17.1% |
| 1992 | 4,760 million USD | +15.6% |
| 1993 | 4,349 million USD | -8.6% |
| 1994 | 5,309 million USD | +22.1% |
| 1995 | 5,492 million USD | +3.4% |
| 1996 | 5,627 million USD | +2.5% |
| 1997 | 5,738 million USD | +2.0% |
| 1998 | 5,582 million USD | -2.7% |
| 1999 | 4,244 million USD | -24.0% |
| 2000 | 4,197 million USD | -1.1% |
| 2001 | 4,724 million USD | +12.6% |
| 2002 | 5,107 million USD | +8.1% |
| 2003 | 5,362 million USD | +5.0% |
| 2004 | 5,603 million USD | +4.5% |
| 2005 | 5,923 million USD | +5.7% |
| 2006 | 6,419 million USD | +8.4% |
| 2007 | 7,037 million USD | +9.6% |
| 2008 | 8,372 million USD | +19.0% |
| 2009 | 8,598 million USD | +2.7% |
| 2010 | 9,143 million USD | +6.3% |
| 2011 | 10,150 million USD | +11.0% |
| 2012 | 11,054 million USD | +8.9% |
| 2013 | 11,841 million USD | +7.1% |
| 2014 | 13,492 million USD | +13.9% |
| 2015 | 13,901 million USD | +3.0% |
| 2016 | 14,253 million USD | +2.5% |
| 2017 | 14,554 million USD | +2.1% |
| 2018 | 14,366 million USD | -1.3% |
| 2019 | 13,642 million USD | -5.0% |
| 2020 | 12,407 million USD | -9.1% |
| 2021 | 14,128 million USD | +13.9% |
| 2022 | 15,092 million USD | +6.8% |
| 2023 | 14,792 million USD | -2.0% |
Ecuador compared with similar countries
- Ecuador's 14,792 million USD is above the median for upper middle income countries, which is 4,472 million USD, 3.3× the median. (54 countries reporting)
- Ecuador's 14,792 million USD is above the median for Latin America & Caribbean, which is 3,043 million USD, 4.9× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,500 million USD | 663.91 million USD | 2,935 million USD | 10 |
| 1980s | 3,449 million USD | 2,849 million USD | 4,053 million USD | 10 |
| 1990s | 4,873 million USD | 3,517 million USD | 5,738 million USD | 10 |
| 2000s | 6,134 million USD | 4,197 million USD | 8,598 million USD | 10 |
| 2010s | 12,640 million USD | 9,143 million USD | 14,554 million USD | 10 |
| 2020s | 14,105 million USD | 12,407 million USD | 15,092 million USD | 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$), annual growth rate 41.84 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Ecuador?
- Value added (total manufacturing) — value us$ in Ecuador was 14,792 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Ecuador?
- The highest recorded value was 15,092 million USD in 2022.
- What is the lowest value added (total manufacturing) — value us$ recorded in Ecuador?
- The lowest recorded value was 663.91 million USD in 1971.
- How does Ecuador rank for value added (total manufacturing) — value us$?
- Ecuador ranks 75th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ 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 US$. 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).