Ecuador Labour Productivity Growth
1992 - 2022 | Yearly | % | CEIC Data
Key information about Ecuador Labour Productivity Growth
- Ecuador Labour Productivity dropped by 0.24 % YoY in Dec 2022, compared with a growth of 1.66 % in the previous year
- Ecuador Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 0.36 %
- The data reached an all-time high of 6.95 % in Dec 2011 and a record low of -6.57 % in Dec 2020
CEIC calculates annual Labour Productivity Growth from annual Real GDP and quarterly Employment. Central Bank of Ecuador provides Real GDP in local currency based on SNA 2008, at 2007 prices. National Institute of Statistics and Census provides Employment data. Labour Productivity Growth prior to 2015 is based on World Bank's GDP per person employed, 2021 PPP
View Ecuador's Labour Productivity Growth from 1992 to 2022 in the chart:
What was Ecuador's Labour Productivity Growth in 2022?
Ecuador Labour Productivity dropped by 0.24 % YoY in Dec 2022, compared with a growth of 1.66 % in the previous year See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.24 2022 | 1.66 2021 | -6.57 2020 | 6.95 2011 | % | yearly | 1992 - 2022 |
Labour Productivity Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 1.59 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Algeria (%) | 0.71 2023 | yearly | 1992 - 2023 |
| Argentina (%) | -4.29 2023 | yearly | 1992 - 2023 |
| Armenia (%) | 8.23 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Australia (%) | -1.38 Jun 2024 | quarterly | Jun 1979 - Jun 2024 |
| Austria (%) | -0.77 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Azerbaijan (%) | 3.27 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Bahrain (%) | -4.05 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 4.20 2023 | yearly | 1992 - 2023 |
| Belarus (%) | 5.31 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Belgium (%) | -0.06 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Bolivia (%) | 0.41 2023 | yearly | 2000 - 2023 |
| Bosnia and Herzegovina (%) | -0.81 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 7.29 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 1.52 2023 | yearly | 1992 - 2023 |
| Brunei (%) | -1.49 2023 | yearly | 1992 - 2023 |
| Bulgaria (%) | 0.56 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Cambodia (%) | 1.04 2021 | yearly | 2008 - 2021 |
| Canada (%) | -1.26 Jun 2024 | quarterly | Mar 1977 - Jun 2024 |
| Chile (%) | -1.69 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| China (%) | 4.27 2023 | yearly | 1953 - 2023 |
| Colombia (%) | -0.32 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Croatia (%) | -1.92 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Cyprus (%) | 2.58 Jun 2024 | quarterly | Jun 2005 - Jun 2024 |
| Czech Republic (%) | -1.09 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Denmark (%) | 3.38 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Ecuador (%) | 0.24 2022 | yearly | 1992 - 2022 |
| Egypt (%) | 0.46 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Estonia (%) | -4.05 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| European Union (%) | -0.08 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Finland (%) | 0.50 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| France (%) | -0.13 2023 | yearly | 1979 - 2023 |
| Georgia (%) | 3.38 2023 | yearly | 1997 - 2023 |
| Germany (%) | -0.01 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Ghana (%) | 0.65 2023 | yearly | 1992 - 2023 |
| Greece (%) | 1.73 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Hong Kong SAR, China (%) | 3.01 Jun 2024 | quarterly | Dec 1982 - Jun 2024 |
| Hungary (%) | 1.27 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Iceland (%) | -4.90 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| India (%) | 2.38 2022 | yearly | 1992 - 2022 |
| Indonesia (%) | 1.63 2023 | yearly | 2001 - 2023 |
| Iran (%) | 3.00 2023 | yearly | 1992 - 2023 |
| Ireland (%) | -6.54 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Israel (%) | -2.99 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Italy (%) | -0.20 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Ivory Coast (%) | 3.12 2023 | yearly | 1992 - 2023 |
| Japan (%) | -1.32 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
| Kazakhstan (%) | 3.91 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Kenya (%) | 2.70 2022 | yearly | 2011 - 2022 |
| South Korea (%) | 0.98 Sep 2024 | quarterly | Sep 1983 - Sep 2024 |
| Kosovo (%) | -6.22 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Kuwait (%) | 1.60 2018 | yearly | 1992 - 2018 |
| Kyrgyzstan (%) | 3.15 2023 | yearly | 1993 - 2023 |
| Laos (%) | 1.51 2023 | yearly | 1992 - 2023 |
| Latvia (%) | 0.11 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Lebanon (%) | 2.12 2023 | yearly | 1992 - 2023 |
| Lithuania (%) | -0.17 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Luxembourg (%) | -0.56 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Macau SAR, China (%) | 2.61 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| North Macedonia (%) | 1.97 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Malawi (%) | -2.12 2023 | yearly | 1992 - 2023 |
| Malaysia (%) | 3.06 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Malta (%) | -1.72 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Mauritius (%) | 33.41 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Mexico (%) | 0.70 Jun 2024 | quarterly | Jun 1996 - Jun 2024 |
| Moldova (%) | 6.48 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Mongolia (%) | -1.37 Jun 2024 | quarterly | Sep 2007 - Jun 2024 |
| Montenegro (%) | 1.43 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Morocco (%) | 71.03 2022 | yearly | 2000 - 2022 |
| Mozambique (%) | 1.44 2023 | yearly | 1992 - 2023 |
| Myanmar (%) | 63.00 2021 | yearly | 1992 - 2021 |
| Nepal (%) | -0.24 2023 | yearly | 1992 - 2023 |
| Netherlands (%) | -0.36 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| New Zealand (%) | -0.18 Jun 2024 | quarterly | Jun 1988 - Jun 2024 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | 3.63 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Oman (%) | -4.24 2023 | yearly | 1999 - 2023 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 1.78 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
| Panama (%) | 4.33 2023 | yearly | 1992 - 2023 |
| Paraguay (%) | 6.19 Jun 2024 | quarterly | Mar 2018 - Jun 2024 |
| Peru (%) | -1.00 2022 | yearly | 2002 - 2022 |
| Philippines (%) | 1.98 2023 | yearly | 1992 - 2023 |
| Poland (%) | 4.86 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Portugal (%) | 0.41 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Qatar (%) | -1.09 2023 | yearly | 2012 - 2023 |
| Romania (%) | -2.74 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
| Serbia (%) | 3.25 Mar 2024 | quarterly | Mar 2015 - Mar 2024 |
| Singapore (%) | 1.50 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
| Slovakia (%) | 1.62 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Slovenia (%) | 0.41 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| South Africa (%) | -1.50 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Spain (%) | 1.45 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Sri Lanka (%) | 5.03 Jun 2024 | quarterly | Jun 2013 - Jun 2024 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | 1.51 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Switzerland (%) | 1.46 Jun 2024 | quarterly | Mar 2011 - 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 (%) | -2.0 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | 1,157.610 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Tax Revenue (USD mn) | 4,720.339 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 15.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| National Government Debt (USD mn) | 80,597.2 Jun 2024 | quarterly | Dec 2005 - Jun 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) | 282.739 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Central Government: Balance (USD mn) | -282.739 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Central Government: Expenditure excl Amortization (USD mn) | 1,892.538 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Central Government: Revenue (USD mn) | 1,609.799 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 428.6 Aug 2024 | monthly | Mar 1992 - Aug 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 14.1 Aug 2024 | monthly | Jan 1966 - Aug 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) | 2,727.6 Aug 2024 | monthly | Jan 1957 - Aug 2024 |
| Total Imports Growth (%) | -4.8 Aug 2024 | monthly | Jan 1958 - Aug 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) | 410.362 Aug 2024 | monthly | Jan 2007 - Aug 2024 |
| Total Imports from USA (USD mn) | 801.222 Aug 2024 | monthly | Jan 1973 - Aug 2024 |
| Total Exports to China (USD mn) | 442.099 Aug 2024 | monthly | Jan 2007 - Aug 2024 |
| Total Imports from China (USD mn) | 672.437 Aug 2024 | monthly | May 1992 - Aug 2024 |
| Terms of Trade Index: 2007=100 (2007=100) | 99.369 Aug 2024 | monthly | Jan 2014 - Aug 2024 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 3,097.200 2025 | yearly | 2024 - 2025 |
| Exports: FOB: Petroleum: Crude Petroleum (USD th) | 812,123.784 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) | 320,958.535 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 31,848,323.000 2025 | yearly | 2024 - 2025 |
| Exports: FOB: America: United States (USD mn) | 410.362 Aug 2024 | monthly | Jan 2007 - Aug 2024 |
| Exports: FOB: Asia: People's Republic of China (USD mn) | 442.099 Aug 2024 | monthly | Jan 2007 - Aug 2024 |
| Exports: FOB: America: ALADI: Panama (USD mn) | 781.810 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
| 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 |
| Imports: CIF: Consumer Goods: Non Durable (USD th) | 317,034.353 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Imports: CIF: Fuels And Lubricants (USD th) | 712,597.542 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Imports: CIF: America: ALADI: Panama (USD mn) | 6.890 Aug 2024 | monthly | Mar 2019 - Aug 2024 |
| Export Value Index (2015=100) | 145.654 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 119.376 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) | 59,189.9 Aug 2024 | monthly | Jan 1994 - Aug 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 |
| External Debt: Private (USD mn) | 10,223.956 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
| External Debt: Public (USD mn) | 48,965.907 Aug 2024 | monthly | Jan 1994 - Aug 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: 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 (%) | 6.0 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Household Debt: % of GDP (%) | 17.2 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Non-Performing Loans (USD mn) | 3,921.527 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Money Supply M1 (USD mn) | 30,027.805 Aug 2024 | monthly | Dec 2006 - Aug 2024 |
| Money Supply M2 (USD mn) | 84,163.461 Aug 2024 | monthly | Dec 2006 - Aug 2024 |
| M2 Growth (%) | 8.4 Aug 2024 | monthly | Dec 2007 - Aug 2024 |
| Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 6,115.5 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.210 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.3 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Gold Reserves (USD mn) | 2,310.255 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Total Deposits (USD mn) | 64,774.769 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Total Deposits Growth (%) | 11.0 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Domestic Credit (USD mn) | 72,401.5 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Domestic Credit Growth (%) | 4.7 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Household Debt (USD mn) | 21,425.4 Sep 2024 | monthly | Oct 2006 - Aug 2024 |
| Total Loans (USD mn) | 64,865.947 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Total Loans Growth (%) | 5.20 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 54.45 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| International Reserve: Net Currency Position (USD mn) | 6,115.522 Oct 2024 | monthly | Jan 2004 - Oct 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.0 Sep 2024 | monthly | Feb 2011 - Sep 2024 |
More Indicators for Ecuador
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