Ecuador EC: GDP: Real: Gross Value Added at Basic Prices

1960 - 2023 | Yearly | USD mn | World Bank

Ecuador EC: GDP: Real: Gross Value Added at Basic Prices data was reported at 109.948 USD bn in 2023. This records an increase from the previous number of 108.182 USD bn for 2022. Ecuador EC: GDP: Real: Gross Value Added at Basic Prices data is updated yearly, averaging 40.729 USD bn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 109.948 USD bn in 2023 and a record low of 10.254 USD bn in 1960. Ecuador EC: GDP: Real: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ecuador – Table EC.World Bank.WDI: Gross Domestic Product: Real. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

View Ecuador's Ecuador EC: GDP: Real: Gross Value Added at Basic Prices from 1960 to 2023 in the chart:

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Ecuador Ecuador EC: GDP: Real: Gross Value Added at Basic Prices
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Ecuador Ecuador EC: GDP: Real: Gross Value Added at Basic Prices

What was Ecuador's Ecuador EC: GDP: Real: Gross Value Added at Basic Prices in 2023?

Last Previous Min Max Unit Frequency Range
109,947.687 2023 108,182.269 2022 10,253.974 1960 109,947.687 2023 USD mn yearly 1960 - 2023

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Ecuador Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 15,897.915 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 7,503.562 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 2.751 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 1.9 Mar 2023 quarterly Mar 2001 - Mar 2023
GDP per Capita (USD) 5,670.330 2020 yearly 1960 - 2020
Gross Fixed Capital Formation (USD mn) 5,355.479 Jun 2024 quarterly Mar 1991 - Jun 2024
Gross National Product (GNP) (USD mn) 116,176.116 2023 yearly 1960 - 2023
Gross Savings Rate (%) 23.5 Jun 2024 quarterly Mar 1991 - Jun 2024
Investment: % of GDP (%) 22.8 Sep 2022 quarterly Mar 1991 - Sep 2022
Nominal GDP (USD mn) 29,334.6 Sep 2022 quarterly Mar 1991 - Sep 2022
Nominal GDP Growth (%) 3.653 Jun 2024 quarterly Mar 1992 - Jun 2024
Private Consumption Expenditure (USD mn) 19,199.427 Jun 2024 quarterly Mar 1991 - Jun 2024
Private Consumption: % of GDP (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Public Consumption Expenditure (USD mn) 4,178.943 Jun 2024 quarterly Mar 1991 - Jun 2024
Public Consumption: % of GDP (%) 13.7 Jun 2024 quarterly Mar 1991 - Jun 2024
Real GDP Growth (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 57.813 Jun 2024 quarterly Mar 1991 - Jun 2024
Production Last Frequency Range
Gold Production (kg) 16,000.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 30.3 Sep 2020 monthly Jan 2017 - Sep 2020
Minerals Production (Metric Ton) 24,254,344.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 2,700.000 2016 yearly 2000 - 2016
Silver Production (Metric Ton) 1.500 2021 yearly 1990 - 2021
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 Jun 2024 quarterly Dec 2000 - Jun 2024
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
Government Debt: % of GDP (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
National Government Debt (USD mn) 80,597.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Tax Revenue (USD mn) 4,720.339 Jun 2024 quarterly Mar 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) 1,157.610 Jun 2024 quarterly Mar 2000 - Jun 2024
Tax Revenue: % of GDP (%) 15.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 8,260,005.644 Jun 2024 quarterly Dec 2013 - Jun 2024
Forecast: Population (Person mn) 19.579 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 3.500 2028 yearly 1988 - 2028
Labour Force Participation Rate (%) 64.8 Jun 2024 quarterly Dec 2013 - Jun 2024
Labour Productivity Growth (%) 0.24 2022 yearly 1992 - 2022
Population (Person mn) 17.8 2023 yearly 1950 - 2023
Unemployment Rate (%) 3.48 Jun 2024 quarterly Dec 2013 - Jun 2024
Monthly Earnings (USD) 444 Dec 2019 quarterly Jun 2007 - Dec 2019
Domestic Trade and Household Survey Last Frequency Range
Consumer Confidence Growth (% Point) 4.2 Aug 2024 monthly Dec 2015 - Aug 2024
Consumer Confidence: Net Balance (% Point) -31.2 May 2023 monthly Dec 2014 - May 2023
Motor Vehicle Sales: Commercial Cars (Unit) 26,041.000 2023 yearly 2005 - 2023
Motor Vehicle Sales: Passenger Cars (Unit) 98,018.000 2023 yearly 2005 - 2023
Motor Vehicles Sales (Unit) 124,059 2023 yearly 2005 - 2023
Motor Vehicles Sales Growth (%) -1.6 2023 yearly 2006 - 2023
Number of Registered Vehicles (Unit) 2,196,638 2023 yearly 2006 - 2023

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