Volume of remittances (in United States dollars) as a proportion of in Ecuador
Ecuador: Volume of remittances (in United States dollars) as a proportion of was 5.2% in 2024. ▼ Falling
Latest (2024)
5.2%
Change on year
up 16.6%
World rank
64th
of 203 countries
All-time high
7.5%
in 2000
All-time low
2.4%
in 2014
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Ecuador, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Ecuador is 5.2%, measured in 2024.
That represents a change of up 16.6% on the previous year and up 118.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Ecuador peaked at 7.5% in 2000 and was at its lowest, 2.4%, in 2014.
That places Ecuador 64th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.5% | — |
| 2001 | 6.1% | -18.5% |
| 2002 | 5.3% | -13.5% |
| 2003 | 5.3% | -0.8% |
| 2004 | 5.2% | -1.0% |
| 2005 | 6.1% | +16.9% |
| 2006 | 6.4% | +5.1% |
| 2007 | 6.7% | +4.4% |
| 2008 | 5.1% | -24.6% |
| 2009 | 4.6% | -9.7% |
| 2010 | 3.8% | -16.4% |
| 2011 | 3.4% | -11.0% |
| 2012 | 2.8% | -16.8% |
| 2013 | 2.5% | -9.8% |
| 2014 | 2.4% | -5.5% |
| 2015 | 2.5% | +2.0% |
| 2016 | 2.7% | +8.9% |
| 2017 | 2.7% | +2.0% |
| 2018 | 2.8% | +3.7% |
| 2019 | 3.0% | +6.6% |
| 2020 | 3.5% | +15.7% |
| 2021 | 4.1% | +16.8% |
| 2022 | 4.1% | +0.3% |
| 2023 | 4.5% | +10.1% |
| 2024 | 5.2% | +16.6% |
Ecuador compared with similar countries
- Ecuador's 5.2% is above the median for upper middle income countries, which is 3.6%, 1.4× the median. (53 countries reporting)
- Ecuador's 5.2% is above the median for Latin America & Caribbean, which is 2.8%, 1.8× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.8% | 4.6% | 7.5% | 10 |
| 2010s | 2.9% | 2.4% | 3.8% | 10 |
| 2020s | 4.3% | 3.5% | 5.2% | 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)
- 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 volume of remittances (in united states dollars) as a proportion of in Ecuador?
- Volume of remittances (in united states dollars) as a proportion of in Ecuador was 5.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Ecuador?
- The highest recorded value was 7.5% in 2000.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Ecuador?
- The lowest recorded value was 2.4% in 2014.
- How does Ecuador rank for volume of remittances (in united states dollars) as a proportion of?
- Ecuador ranks 64th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Ecuador?
- Over the last ten years it is up 118.1%. The long-run trend across the full record is falling.
- Where does this Ecuador data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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