Ecuador Current Account Balance: % of GDP
1993 - 2024 | Quarterly | % | CEIC Data
Key information about Ecuador Current Account Balance: % of GDP
- Ecuador Current Account surplus accounted for 7.9 % of the country's Nominal GDP in Jun 2024, compared with a 5.1 % surplus in the previous quarter.
- Ecuador Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Jun 2024, 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 2.4 USD bn in Jun 2024.
- Foreign Direct Investment (FDI) increased by 41.8 USD mn in Jun 2024.
- Its Foreign Portfolio Investment fell by 55.1 USD mn in Jun 2024.
- 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 Jun 2024 in the chart:
What was Ecuador's Current Account Balance: % of GDP in Jun 2024?
Ecuador Current Account surplus accounted for 7.9 % of the country's Nominal GDP in Jun 2024, compared with a 5.1 % surplus in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 7.9 Jun 2024 | 5.1 Mar 2024 | -15.5 Sep 1998 | 12.7 Mar 2000 | % | quarterly | Mar 1993 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Algeria (%) | -0.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | -2.1 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
| Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
| Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
| Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Brazil (%) | -3.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | 4.7 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
| Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Canada (%) | -0.4 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
| Chile (%) | -3.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 3.2 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Colombia (%) | -1.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Croatia (%) | -5.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Czech Republic (%) | -0.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Denmark (%) | 15.6 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 5.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Greece (%) | 1.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Hong Kong SAR, China (%) | 13.2 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | 3.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | 16.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| South Korea (USD mn) | 7,614.6 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
| Kosovo (%) | 9.2 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Latvia (%) | -4.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
| Lithuania (%) | 3.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Macau SAR, China (%) | 37.0 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | -3.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Malta (%) | 7.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mexico (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | -14.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Montenegro (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
| Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Norway (%) | 18.1 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Peru (%) | 2.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Portugal (%) | 4.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Romania (%) | -9.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Serbia (%) | -10.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Singapore (%) | 18.7 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Slovenia (%) | 6.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | -1.0 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 3.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 6.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
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Learn more about what we doEcuador Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.8 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -868.114 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Tax Revenue (USD mn) | 4,355.023 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Tax Revenue: % of GDP (%) | 15.5 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| National Government Debt (USD mn) | 82,672.4 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Government Debt: % of GDP (%) | 66.9 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Forecast: Government Expenditure (USD bn) | 51.430 2029 | yearly | 1995 - 2029 |
| Forecast: Government Net Debt (USD bn) | 72.877 2029 | yearly | 2001 - 2029 |
| Forecast: Government Revenue (USD bn) | 52.747 2029 | yearly | 1995 - 2029 |
| Central Government: Finance (USD mn) | -39.293 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Central Government: Balance (USD mn) | 39.293 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Central Government: Expenditure excl Amortization (USD mn) | 1,730.269 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Central Government: Revenue (USD mn) | 1,769.562 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 400.5 Oct 2024 | monthly | Mar 1992 - Oct 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 9.1 Oct 2024 | monthly | Jan 1966 - Oct 2024 |
| Aluminum: Exports (USD th) | 73,669.642 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 31,582.671 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 8,971.615 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 2,621.8 Oct 2024 | monthly | Jan 1957 - Oct 2024 |
| Total Imports Growth (%) | -5.9 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Imports: Medicament (USD th) | 940,587.785 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 633,025.171 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 489.356 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Total Imports from USA (USD mn) | 739.310 Oct 2024 | monthly | Jan 1973 - Oct 2024 |
| Total Exports to China (USD mn) | 375.499 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Total Imports from China (USD mn) | 698.021 Oct 2024 | monthly | May 1992 - Oct 2024 |
| Terms of Trade Index: 2007=100 (2007=100) | 96.787 Oct 2024 | monthly | Jan 2014 - Oct 2024 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 3,097.200 2025 | yearly | 2024 - 2025 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 31,848,323.000 2025 | yearly | 2024 - 2025 |
| BCE Forecast: Imports: fob: 2018=100 (USD th) | 28,751,123.000 2025 | yearly | 2024 - 2025 |
| Imports: CIF: Asia: People's Republic of China (USD mn) | 324.160 Jan 2020 | monthly | Jan 2010 - Jan 2020 |
| Import Value Index (2015=100) | 119.376 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 145.654 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 2,407.1 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 41.8 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Direct Investment: % of GDP (%) | 0.1 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | -55.121 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -0.2 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.2 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -55.352 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| External Debt (USD mn) | 59,250.8 Oct 2024 | monthly | Jan 1994 - Oct 2024 |
| External Debt: % of GDP (%) | 49.6 2023 | yearly | 1970 - 2023 |
| External Debt: Short Term (USD mn) | 763.5 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| External Debt: Short Term: % of GDP (%) | 1.5 2023 | yearly | 1970 - 2023 |
| Forecast: Current Account Balance (USD bn) | 3.608 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD) | -19,735,132,923.143 Jun 2024 | quarterly | Mar 2016 - Jun 2024 |
| BoP: CA: Goods & Services: Services (USD mn) | -533.482 Jun 2024 | quarterly | Mar 2016 - Jun 2024 |
| BoP: CA: Goods & Services: Goods (USD mn) | 2,068.720 Jun 2024 | quarterly | Mar 2016 - Jun 2024 |
| Gross External Debt: Long Term (USD mn) | 57,407.976 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Gross External Debt (USD mn) | 58,907.820 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Foreign Direct Investment: BPM6 (USD th) | 41,849.299 Jun 2024 | quarterly | Mar 2016 - Jun 2024 |
| Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Europe: Netherlands (USD th) | 23,806.340 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.9 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Household Debt: % of GDP (%) | 17.2 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Non-Performing Loans (USD mn) | 3,885.346 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Money Supply M1 (USD mn) | 30,432.593 Oct 2024 | monthly | Dec 2006 - Oct 2024 |
| Money Supply M2 (USD mn) | 85,874.271 Oct 2024 | monthly | Dec 2006 - Oct 2024 |
| M2 Growth (%) | 10.1 Oct 2024 | monthly | Dec 2007 - Oct 2024 |
| Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 5,357.5 Nov 2024 | monthly | Dec 1956 - Nov 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.210 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.3 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
| Gold Reserves (USD mn) | 2,240.039 Nov 2024 | monthly | Dec 1956 - Nov 2024 |
| Total Deposits (USD mn) | 65,919.329 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Total Deposits Growth (%) | 12.6 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Domestic Credit (USD mn) | 72,775.1 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Domestic Credit Growth (%) | 4.6 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Household Debt (USD mn) | 21,552.2 Oct 2024 | monthly | Oct 2006 - Oct 2024 |
| Total Loans (USD mn) | 65,150.833 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Total Loans Growth (%) | 4.97 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 54.45 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -9.0 Oct 2024 | monthly | Feb 2011 - Oct 2024 |
More Indicators for Ecuador
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Balance of Payments
Balance of Payments: Capital and Financial Account
BPM6: Balance of Payments: Analytical Presentation
BPM6: Balance of Payments: Detailed Presentation
BPM6: International Investment Position: Annual
Company Statistics
EC.O003: Foreign Direct Investment: by Country: BPM6
EC.O02: Foreign Direct Investment: by Country
External Debt: Arrears and Reschedulings
External Debt: Debt Outstanding, Debt Ratio and Debt Service
External Debt: Net Flows and Net Transfers
Foreign Direct Investment: by Country: BPM6
Gross External Debt
Investment Statistics
Balance of Payments
Balance of Payments: Current Account
BPM6: Balance of Payments: Analytical Presentation: Annual
BPM6: Balance of Payments: Detailed Presentation: Annual
Businesses Registered Statistics
Current Account as % of GDP
EC.O01: Foreign Direct Investment: by Industry
External Debt: Amortization
External Debt: Commitments and Currency Composition
External Debt: Disbursements and Interest Payment
External Debt: Terms and Undisbursed Debt
Foreign Direct Investment: by Industry: BPM6
International Investment Position
Public and Private External Debt