Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
118.85 BUSD on Dec 31, 2023
Lowest
1.52 BUSD on Dec 31, 1962
About Ecuador GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Ecuador GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Ecuador GDP was 118.85 B USD, and the previous year it amounted to 116.59 B USD.
Ecuador GDP accounts for 0.11% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 Ecuador GDP Per Capita was 6.17 K USD, and in 2022 it amounted to 6.09 K USD.
Last quarter Ecuador Real GDP amounted to 28.54 B USD, the quarter before that it was 29.24 B USD.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Ecuador GDP has ever reached is 118.85 B USD.
The lowest ever value Ecuador GDP has reached is 1.52 B USD.