Ecuador Current Account Balance: % of GDP
Key information about Ecuador Current Account Balance: % of GDP
- Ecuador Current Account surplus accounted for 1.7 % of the country's Nominal GDP in Dec 2023, compared with a 1.9 % surplus in the previous quarter.
- Ecuador Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Dec 2023, with an average value of -0.1 %.
- The data reached an all-time high of 12.7 % in Mar 2000 and a record low of -15.5 % in Sep 1998.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Ecuador provides Current Account Balance in USD and Nominal GDP in USD. Current Account Balance as % of Nominal GDP prior to Q1 2016 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on SNA 2008. Current Account Balance as % of Nominal GDP prior to Q1 2000 is calculated from Current Account Balance and Nominal GDP, both sourced from the International Monetary Fund.
Key information about Ecuador Current Account Balance: % of GDP
- In the latest reports of Ecuador, Current Account recorded a surplus of 522.8 USD mn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 87.4 USD mn in Dec 2023.
- Its Foreign Portfolio Investment fell by 1.9 USD mn in Dec 2023.
- The country's Nominal GDP was reported at 28.9 USD bn in Mar 2023.
View Ecuador's Current Account Balance: % of GDP from Mar 1993 to Dec 2023 in the chart:
What was Ecuador's Current Account Balance: % of GDP in Dec 2023?
Ecuador Current Account surplus accounted for 1.7 % of the country's Nominal GDP in Dec 2023, compared with a 1.9 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
1.7 Dec 2023 | 1.9 Sep 2023 | -15.5 Sep 1998 | 12.7 Mar 2000 | % | quarterly | Mar 1993 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Brazil (%) | -2.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.2 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -3.0 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.6 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -3,149.723 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Tax Revenue (USD mn) | 3,251.591 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Tax Revenue: % of GDP (%) | 10.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
National Government Debt (USD mn) | 79,608.5 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Government Debt: % of GDP (%) | 67.0 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Forecast: Government Expenditure (USD bn) | 49.173 2028 | yearly | 1995 - 2028 |
Forecast: Government Net Debt (USD bn) | 68.494 2028 | yearly | 2001 - 2028 |
Forecast: Government Revenue (USD bn) | 48.725 2028 | yearly | 1995 - 2028 |
Central Government: Balance (USD mn) | 166.298 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Central Government: Finance (USD mn) | -166.298 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Central Government: Expenditure excl Amortization (USD mn) | 1,439.269 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Central Government: Revenue (USD mn) | 1,605.568 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 678.9 Feb 2024 | monthly | Mar 1992 - Feb 2024 |
Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
Total Exports Growth (%) | 5.8 Feb 2024 | monthly | Jan 1966 - Feb 2024 |
Aluminum: Exports (USD th) | 65,385.575 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 24,074.538 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 6,882.325 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,101.1 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
Total Imports Growth (%) | -13.6 Feb 2024 | monthly | Jan 1958 - Feb 2024 |
Imports: Medicament (USD th) | 958,068.888 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 529,529.069 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Total Imports from USA (USD mn) | 426.736 Feb 2024 | monthly | Jan 1973 - Feb 2024 |
Total Exports to China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Total Imports from China (USD mn) | 477.216 Feb 2024 | monthly | May 1992 - Feb 2024 |
Terms of Trade Index: 2007=100 (2007=100) | 98.162 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
BCE Forecast: Trade Balance: 2018=100 (USD mn) | 1,624.994 2024 | yearly | 2024 - 2024 |
Exports: FOB: Petroleum: Crude Petroleum (USD th) | 684,286.538 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) | 347,632.603 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
BCE Forecast: Exports: fob: 2018=100 (USD th) | 34,410,658.000 2024 | yearly | 2024 - 2024 |
Exports: FOB: America: United States (USD mn) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Exports: FOB: America: ALADI: Panama (USD mn) | 514.061 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
Exports: FOB: Asia: People's Republic of China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
BCE Forecast: Imports: fob: 2018=100 (USD th) | 32,785,664.000 2024 | yearly | 2024 - 2024 |
Imports: CIF: Consumer Goods: Non Durable (USD th) | 269,205.022 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
Imports: CIF: Fuels And Lubricants (USD th) | 469,016.611 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
Imports: CIF: America: ALADI: Panama (USD mn) | 8.696 Feb 2024 | monthly | Mar 2019 - Feb 2024 |
Imports: CIF: Asia: People's Republic of China (USD mn) | 324.160 Jan 2020 | monthly | Jan 2010 - Jan 2020 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Current Account Balance (USD mn) | 522.8 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Current Account Balance: % of GDP (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Direct Investment (USD mn) | 87.4 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | 0.3 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Portfolio Investment (USD mn) | -1.947 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | -0.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 1.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -2.923 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
External Debt (USD mn) | 57,327.9 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
External Debt: % of GDP (%) | 49.0 2023 | yearly | 1970 - 2023 |
External Debt: Short Term (USD mn) | 1,197.6 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
External Debt: Short Term: % of GDP (%) | 1.0 2023 | yearly | 1970 - 2023 |
Forecast: Current Account Balance (USD bn) | 1.810 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD) | -23,519,416,668.955 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
BoP: CA: Goods & Services: Services (USD mn) | -473.931 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
BoP: CA: Goods & Services: Goods (USD mn) | 265.252 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
Gross External Debt (USD mn) | 59,480.153 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Gross External Debt: Long Term (USD mn) | 57,533.038 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
External Debt: Public (USD mn) | 47,194.427 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
External Debt: Private (USD mn) | 10,133.476 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Foreign Direct Investment: BPM6 (USD th) | 87,448.549 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Foreign Direct Investment: Europe: Netherlands (USD th) | 23,806.340 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 5.8 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Household Debt: % of GDP (%) | 16.8 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Non-Performing Loans (USD mn) | 3,707.761 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Money Supply M1 (USD mn) | 29,922.628 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
Money Supply M2 (USD mn) | 80,099.186 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
M2 Growth (%) | 6.3 Feb 2024 | monthly | Dec 2007 - Feb 2024 |
Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
Foreign Exchange Reserves (USD mn) | 3,852.5 Apr 2024 | monthly | Dec 1956 - Apr 2024 |
Foreign Exchange Reserves: % of GDP (%) | 2.232 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.6 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
Gold Reserves (USD mn) | 1,949.329 Apr 2024 | monthly | Dec 1956 - Apr 2024 |
Total Deposits (USD mn) | 61,110.129 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Total Deposits Growth (%) | 5.9 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
Domestic Credit (USD mn) | 71,539.4 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Domestic Credit Growth (%) | 8.9 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
Household Debt (USD mn) | 20,338.4 Mar 2024 | monthly | Oct 2006 - Mar 2024 |
Total Loans (USD mn) | 63,299.028 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Total Loans Growth (%) | 8.10 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 53.84 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
International Reserve: Net Currency Position (USD mn) | 3,852.498 Apr 2024 | monthly | Jan 2004 - Apr 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 0.4 Mar 2024 | monthly | Feb 2011 - Mar 2024 |
Business Confidence Index: Commerce (May2007=100) | 2,200.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Construction (May2007=100) | 478.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Global (May2007=100) | 1,694.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Industry (May2007=100) | 2,662.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Services (May2007=100) | 1,444.800 Dec 2022 | monthly | May 2007 - Dec 2022 |
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