Ecuador GDP Annual Growth Rate: 2.7% (2023)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Ecuador is estimated to be $103 Billion US dollars at the end of 2023.

The economy of Ecuador has grown at an average annual growth rate of 0.5% in the last four years and is ranked the 10th largest economy in Americas, ahead of Guatemala.

World Economics Rates Ecuador's Offical GDP Data as Grade D

GDP Annual Growth Rate: Ecuador


Source: World Bank, World Economics
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Economic Indicators: Ecuador 2020 2021 2022 2023
GDP Annual Growth Rate (%) -7.8 4.2 2.9 2.7
GDP per Capita Annual Growth Rate (%) -9.1 3.0 2.9 2.7
Real GDP (US$ Billions, 2010) 94 98 100 103
Real GDP per Capita (US$, 2010) 5,332 5,492 5,639 5,796
Current GDP (Billions, US$) 99 106 109 112
Current GDP per Capita (US$) 5,645 5,965 6,125 6,295
Real GDP PPP (Billions, 2017) 182 190 195 201
Real GDP per Capita PPP (int$ 2017) 10,325 10,615 10,782 10,943
Data Quality Rating for Ecuador See how much you can trust Ecuador's GDP Data





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