COUNTRIES & REGIONS

Ecuador
 Table of Contents

01 Population Labor force participation rate in Ecuador 2019 23

Unemployment rate in Ecuador 2027 24
Total population of Ecuador 2027 04
Youth unemployment rate in Ecuador in 2021 25
Population growth in Ecuador 2021 05
Inflation rate in Ecuador 2027 26
Fertility rate in Ecuador 2020 06
Import of goods to Ecuador 2021 27
Crude birth rate in Ecuador 2010-2020 07
Import of commodities to Ecuador 2020 28
Life expectancy at birth in Ecuador 2020 08
Most important import partners of Ecuador 2019 29
Life expectancy at birth in Ecuador 2020, by gender 09
Export of goods to Ecuador 2021 30
Age structure in Ecuador 2021 10
Export of commodities from Ecuador 2020 31
Death rate in Ecuador 2020 11
Most important export partner countries for Ecuador in 2019 32
Mortality rate in Ecuador 2020, by gender 12
Trade balance of goods of Ecuador 2021 33
Infant mortality rate in Ecuador 2020 13
Largest companies in Ecuador 2020, by revenue 34
Urbanization in Ecuador 2021 14
Poverty headcount ratio in Ecuador 2020 15
03 National finances

02 Economy National debt of Ecuador 2027 36

National debt of Ecuador in relation to gross domestic product (GDP) 2027 37
Gross domestic product (GDP) in Ecuador 2027 17
Ratio of military expenditure to gross domestic product (GDP) in Ecuador 2020 38
Gross domestic product (GDP) per capita in Ecuador 2027 18
Ratio of government expenditure to gross domestic product (GDP) in Ecuador 2027 39
Gross domestic product (GDP) growth rate in Ecuador 2027 19
Ecuador's budget balance in relation to GDP 2027 40
Ecuador: Share in global GDP adjusted for PPP 2027 20
Share of economic sectors in the GDP in Ecuador 2021 21
04 Ecuador and the coronavirus
Employment by economic sector in Ecuador 2019 22

1
 Table of Contents

COVID-19 cases worldwide as of December 21, 2022, by country or territory 42

New cases of COVID-19 worldwide from January 23, 2020 to December 20, 2022, by day 43
Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Dec. 20, 2022, by day 44
COVID-19 deaths worldwide as of December 21, 2022, by country and territory 45
Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Dec. 21, 2022 46

2
CHAPTER 01

Population
 Ecuador: Total population from 2017 to 2027 (in million inhabitants)
Total population of Ecuador 2027

25

20 19.04 19.31
18.52 18.78
18.01 18.26
17.51 17.76
17.02 17.27
16.78
Inhabitants in millions

15

10

0
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

4 Description: This statistic shows the total population of Ecuador from 2017 to 2021, with projections up until 2027. In 2021, the total population of Ecuador amounted to approximately 17.76 million inhabitants. Read more
Note(s): Ecuador; * Estimate. Figures have been rounded. Read more
Source(s): IMF
 Ecuador: Population growth from 2011 to 2021 (compared to previous
year)
Population growth in Ecuador 2021

2.0%
1.77% 1.77%
1.8% 1.71% 1.68%
Population growth compared to previous year

1.62%
1.6% 1.54% 1.54% 1.54%
1.5% 1.5%
1.38%
1.4%

1.2%

1.0%

0.8%

0.6%

0.4%

0.2%

0.0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

5 Description: The annual population growth in Ecuador decreased to 1.38 percent since the previous year. As a result, the population growth in Ecuador saw its lowest number in 2021 with 1.38 percent. Read more
Note(s): Ecuador; 2011 to 2021
Source(s): World Bank
 Ecuador: Fertility rate from 2010 to 2020
Fertility rate in Ecuador 2020

3.0

2.62 2.59 2.57 2.54 2.52 2.5 2.48 2.45 2.43

2.5 2.4 2.38
Number of born children per woman

2.0

1.5

1.0

0.5

0.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

6 Description: In 2020, the total fertility rate in Ecuador remained nearly unchanged at around 2.38 children per woman. But still, the fertility rate reached its lowest value of the observation period in 2020. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
 Ecuador: Birth rate from 2010 to 2020 (per 1,000 inhabitants)
Crude birth rate in Ecuador 2010-2020

25

21.47 21.25 21.05 20.85 20.64 20.43 20.2 19.97 19.72 19.46
20 19.19
Birth rate per thousand population

15

10

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

7 Description: In 2020, the crude birth rate in Ecuador remained nearly unchanged at around 19.19 live births per 1,000 inhabitants. But still, the rate reached its lowest value of the observation period in 2020. Read more
Note(s): Ecuador; 2010 to 2020; crude birth rate
Source(s): World Bank
 Ecuador: Life expectancy at birth from 2010 to 2020
Life expectancy at birth in Ecuador 2020

90

80 75.71 75.92 76.14 76.36 76.58 76.8 77.01 77.22

75.09 75.29 75.5

70
Life expectancy at birth in years

60

50

40

30

20

10

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

8 Description: In 2020, the total life expectancy at birth in Ecuador remained nearly unchanged at around 77.22 years. Still, the life expectancy at birth reached its highest value in the observed period in 2020. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
 Ecuador: Life expectancy at birth from 2010 to 2020, by gender
Life expectancy at birth in Ecuador 2020, by gender

female male
81.0
79.84 80.02
80.0 79.65
79.44
79.23
79.02
78.81
79.0 78.41 78.6
Life expectancy at birth in years

78.04 78.22
78.0

77.0

76.0

75.0 74.5
74.28
74.06
73.83
74.0 73.61
73.38
73.15
72.93
72.7
73.0 72.48
72.27
72.0

71.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

9 Description: This statistic shows the average life expectancy at birth in Ecuador from 2010 to 2020, by gender. In 2020, life expectancy at birth for women in Ecuador was about 80.02 years, while life expectancy at birth for men was about 74.5 years on average. Read
more
Note(s):
Source(s): World Bank
 Ecuador: Age structure from 2011 to 2021
Age structure in Ecuador 2021

0-14 years 15-64 years 65 years and older

100%
6.1% 6.2% 6.31% 6.44% 6.6% 6.76% 6.95% 7.16% 7.37% 7.59% 7.82%
90%

80%
Share of total population

70%
63.27% 63.58% 63.88% 64.14% 64.34% 64.53% 64.69% 64.81%
60% 64.92% 65.02% 65.01%

50%

40%

30%

20%
30.63% 30.22% 29.81% 29.42% 29.06% 28.71% 28.36% 28.03% 27.71% 27.39% 27.17%
10%

0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

10 Description: This statistic shows the age structure in Ecuador from 2011 to 2021. In 2021, about 27.17 percent of Ecuador's total population were aged 0 to 14 years. Read more
Note(s): Ecuador
Source(s): World Bank
 Ecuador: Death rate from 2010 to 2020 (in deaths per 1,000 inhabitants)
Death rate in Ecuador 2020

5.07 5.08 5.09 5.09 5.1 5.1 5.1 5.1 5.11 5.12 5.14
5
Deaths per 1,000 inhabitants

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

11 Description: The death rate in Ecuador saw no significant changes in 2020 in comparison to the previous year 2019 and remained at around 5.14 deaths per 1,000 inhabitants. Still, the death rate reached its highest value in the observed period in 2020. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
 Ecuador: Adult mortality rate from 2010 to 2020 (per 1,000 adults), by
gender
Mortality rate in Ecuador 2020, by gender

female male
190
174.41
171.74
169.08 166.65
170 164.22 161.78 159.35 161.14 159.05
156.92 156.96

150
mortality rate

130

110

93.17 91.46 89.75 88.51 87.27 88.07

86.03 84.79 86.93 85.79
90 83.55

70
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

12 Description: The statistic shows the adult mortality rate in Ecuador from 2010 to 2020, by gender. According to the source, the adult mortality rate is the probability of dying between the ages of 15 and 60 - that is, the probability of a 15-year-old dying before reaching
age 60, if subject to age-specific mortality rates of the specified year between those ages. In 2020, the mortality rate for women was at 85.79 per 1,000 female adults, while the mortality rate for men was at 156.96 per 1,000 male adults in [...] Read more
Note(s): Ecuador; 15-60 years
Source(s): World Bank
 Ecuador: Infant mortality rate from 2010 to 2020 (in deaths per 1,000 live
births)
Infant mortality rate in Ecuador 2020

18
16.3
16 15.6
14.9
14.3
13.7
14 13.2
12.8
12.4
Deaths per 1,000 live births

12
12 11.6
11.1

10

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

13 Description: The infant mortality rate in Ecuador decreased to 11.1 deaths per 1,000 live births since the previous year. As a result, the infant mortality rate in Ecuador saw its lowest number in 2020 with 11.1 deaths per 1,000 live births. Notably, the infant mortality
rate is continuously decreasing over the last years. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
 Ecuador: Urbanization from 2011 to 2021
Urbanization in Ecuador 2021

62.85% 62.99% 63.12% 63.26% 63.4% 63.53% 63.67% 63.82% 63.99% 64.17% 64.36%

60%
Share of urban population in total population

50%

40%

30%

20%

10%

0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

14 Description: The share of urban population in Ecuador saw no significant changes in 2021 in comparison to the previous year 2020 and remained at around 64.36 percent. Nevertheless, 2021 still represents a peak in the share in Ecuador with 64.36 percent. Read
more
Note(s): Ecuador; 2011 to 2021
Source(s): World Bank
 Ecuador: Poverty headcount ratio from 2010 to 2020
Poverty headcount ratio in Ecuador 2020

35% 33%
32.8%

30% 28.6%
27.3%
25.6% 25%
25% 23.3% 23.2%
22.5% 22.9%
21.5%
Share of population

20%

15%

10%

5%

0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

15 Description: The poverty headcount ratio at national poverty lines in Ecuador increased by eight percentage points in 2020. Therefore, the poverty headcount ratio in Ecuador reached a peak in 2020 with 33 percent. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
CHAPTER 02

Economy
 Ecuador: Gross domestic product (GDP) in current prices from 1987 to
2027 (in billion U.S. dollars)
Gross domestic product (GDP) in Ecuador 2027

160

137.66
Gross domestic product in billion U.S. dollars

140 133.16
128.79
124.58
120.29
115.47
120
108.11 106.17
107.56
101.73 104.3
99.94
99.29 99.29
95.13
100
87.92
79.28
80 69.56
62.52
61.76
60 51.01
46.8
41.51
36.59
40 32.43
27.47
27.01 28.55
24.04
22.97 24.47
21.15 19.74
18.32
17.54
15.01
20 12.91
12.28 13.73
12.24
12.05

20 *
20 *
20 *
20 *
20 *
*
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20

20 1
22
23
24
25
26
27
2
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
17 Description: The gross domestic product in current prices of Ecuador was forecast to continuously increase between 2022 and 2027 by in total 22.2 billion U.S. dollars (+19.23 percent). The GDP is estimated to amount to 137.66 billion U.S. dollars in 2027. Read more
Note(s): Ecuador; 1987 to 2021; * Estimate. Figures have been rounded for better understanding of the statistic. Read more
Source(s): IMF
 Ecuador: Gross domestic product (GDP) per capita in current prices from
1987 to 2027 (in U.S. dollars)
Gross domestic product (GDP) per capita in Ecuador 2027

7,500

6,500
GDP per capita in U.S. dollars

5,500

4,500

3,500

2,500

1,500

500

20 *
20 *
20 *
20 *
20 *
20 *
*
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19

20 0
21
22
23
24
25
26
27
2
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
18 Description: The gross domestic product per capita of Ecuador was forecast to continuously increase between 2022 and 2027 by in total 717.3 U.S. dollars (+11.19 percent). The GDP per capita is estimated to amount to 7,130.03 U.S. dollars in 2027. Read more
Note(s): Ecuador; 1987 to 2020; * Estimate. The values have been rounded to provide a better understanding of the statistic. Read more
Source(s): IMF
 Ecuador: Growth rate of the real gross domestic product (GDP) from 2017
to 2027 (compared to the previous year)
Gross domestic product (GDP) growth rate in Ecuador 2027

6%
4.24%
4%
2.86% 2.67% 2.78% 2.8% 2.8% 2.8%
GDP growth compared to previous year

2.37%
2% 1.29%

0.01%
0%

-2%

-4%

-6%

-8%
-7.79%

-10%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

19 Description: The growth of the real gross domestic product of Ecuador was forecast to decrease between 2022 and 2027 by in total 0.1 percentage points. This overall decrease does not happen continuously, notably not in 2024 and 2025. The growth is estimated to
amount to 2.8 percent in 2027. Read more
Note(s): Ecuador; 2017 to 2021; * Estimate. Values have been rounded. Read more
Source(s): IMF
 Ecuador: Share in global gross domestic product (GDP) adjusted for
Purchasing Power Parity (PPP) from 2017 to 2027
Ecuador: Share in global GDP adjusted for PPP 2027

0.2%
0.16% 0.16%
0.2% 0.15%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
Share in global GDP adjusted for PPP

0.1%

0.1%

0.1%

0.1%

0.1%

0.0%

0.0%

0.0%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

20 Description: The share in the global GDP adjusted for purchasing power parity of Ecuador was forecast to remain on a similar level in 2027 as compared to 2022 with 0.14 percent. According to this forecast, the share will stay nearly the same over the forecast period.
Read more
Note(s): Ecuador; 2017 to 2021
Source(s): IMF
 Ecuador: Share of economic sectors in the gross domestic product (GDP)
from 2011 to 2021
Share of economic sectors in the GDP in Ecuador 2021

Agriculture Industry Services

100%

90%

80%

70% 49.31% 48.98% 49.25% 49.35%

51.37% 51.55% 51.23% 51.44% 51.8% 53.27% 53.41%
60%
Share in GDP

50%

40%

30% 37.63% 37.76% 37.15% 36.78% 32.02% 32.52%

31.87% 32.54% 32.7% 30.73% 31.17%
20%

10%
9.6% 8.64% 8.77% 9.13% 9.45% 9.52% 9.33% 8.95% 8.8% 9.84% 9.41%
0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

21 Description: This statistic shows the share of economic sectors in the gross domestic product (GDP) in Ecuador from 2011 to 2021. In 2021, the share of agriculture in Ecuador's gross domestic product was 9.41 percent, industry contributed approximately 31.17
percent and the services sector contributed about 53.41 percent. Read more
Note(s): Ecuador
Source(s): World Bank
 Ecuador: Distribution of employment by economic sector from 2009 to
2019
Employment by economic sector in Ecuador 2019

Agriculture Industry Services

100%

90%

80%
52.65% 53.63% 53.75% 52.65% 53.04%
Share of total employment

54.15% 54.5% 54.27% 54.77% 54.15% 54.43%

70%

60%

50%

40% 18.53% 17.21%

18.81% 18.49% 17.95% 17.52% 19.08% 19.66% 18.63% 18.55%
19.96%
30%

20%
28.54% 27.88% 27.91% 27.98% 26.65% 26.19% 26.94% 27.69% 28.83% 29.74%
25.28%
10%

0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

22 Description: The statistic shows the distribution of employment in Ecuador by economic sector from 2009 to 2019. In 2019, 29.74 percent of the employees in Ecuador were active in the agricultural sector, 17.21 percent in industry and 53.04 percent in the service
sector. Read more
Note(s): Ecuador
Source(s): World Bank
 Ecuador: Labor force participation rate from 2009 to 2019
Labor force participation rate in Ecuador 2019

80%
71.15% 71.97% 71.03% 70.96%
68.8% 67.83% 69.21%
70% 66.99% 67.65% 67.08% 66.85%

60%
Labor force participation rate

50%

40%

30%

20%

10%

0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

23 Description: In 2019, the labor participation rate among the total population aged between 15 and 64 in Ecuador remained nearly unchanged at around 70.96 percent. Still, 2019 marked the second consecutive decline of labor participation rate. Read more
Note(s): Ecuador; 2009 to 2019
Source(s): World Bank
 Ecuador: Unemployment rate from 2017 to 2027
Unemployment rate in Ecuador 2027

6%
5.35%

5%
4.62%

4.15%
3.84% 3.95%
4% 3.69% 3.78% 3.7% 3.67%
Unemployment rate

3.64% 3.64%

3%

2%

1%

0%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

24 Description: The unemployment rate of Ecuador was forecast to continuously decrease between 2022 and 2027 by in total 0.3 percentage points. The rate is estimated to amount to 3.64 percent in 2027. Read more
Note(s): 2017 to 2021; * Estimate. Figures have been rounded. All figures are modeled ILO estimates. Read more
Source(s): IMF
 Ecuador: Youth unemployment rate from 2002 to 2021
Youth unemployment rate in Ecuador in 2021

15.0%
14.23%
14.0%

13.0%
Youth unemployment rate

12.0%
10.92% 11.07%
11.0%
10.26% 10.37%
9.91%
10.0% 9.72%
9.22% 9.31%
8.91% 9.06%
8.85% 8.72%
9.0% 8.53% 8.48%
8.34%
7.9% 7.98% 7.95%
8.0%
7.04%
7.0%

6.0%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

25 Description: The youth unemployment rate in Ecuador increased by 3.2 percentage points in 2021 in comparison to the previous year. Therefore, the youth unemployment rate in Ecuador reached a peak in 2021 with 14.23 percent. Read more
Note(s): Ecuador; 2002 to 2021; 15-24 years
Source(s): World Bank
 Ecuador: Inflation rate from 1987 to 2027 (compared to the previous year)
Inflation rate in Ecuador 2027

100% 96.1%
Inflation rate compared to previous year

80% 75.65%

58.22%
60% 54.34% 52.2%
48.8%
48.52%
45%
36.1% 37.67%
40%
29.5% 30.6%
27.44%
24.4%
22.89%
20% 12.48%
7.93% 8.4%
2.74% 3.3% 5.16%
3.55% 5.1%
4.47% 2.72% 3.97%
3.59% 3.21% 1.5%1.3%1% 1%
2.17% 2.28% 1.73%
0.42% 0.27%
-0.22% 0.13% 2.38%
-0.34%
0%

-20%

20 *
20 *
20 *
20 *
20 *
*
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20

20 1
22
23
24
25
26
27
2
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
26 Description: The average inflation rate of Ecuador was forecast to continuously decrease between 2022 and 2027 by in total 2.2 percentage points. The average inflation rate is estimated to amount to one percent in 2027. Read more
Note(s): 1987 to 2021; * Estimate. Figures have been rounded. Read more
Source(s): IMF
 Ecuador: Import of goods from 2011 to 2021 (in billion U.S. dollars)
Import of goods to Ecuador 2021

30
27.73
27.15
25.48 25.69
24.44
25
23.18
22.56
21.52
Imports in billion U.S. dollars

20.01
20
17.92
16.32

15

10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

27 Description: The statistic shows the value of goods imported to Ecuador from 2011 to 2021. In 2021, goods worth around 25.69 billion U.S. dollars were imported to Ecuador. Read more
Note(s): Ecuador
Source(s): WTO
 Ecuador: Import of commodities in 2020 (in billion U.S. dollars)
Import of commodities to Ecuador 2020

14

12.11
12
Imports in billion U.S. dollars

10

4
3
2.52

0
Agricultural products Fuels and mining products Manufactures

28 Description: This statistic shows the value of imported commodities to Ecuador in 2020. In 2020, agricultural products worth 2.52 billion U.S. dollars were imported to Ecuador. Read more
Note(s): Ecuador
Source(s): WTO
 Ecuador: Main import partners in 2019
Most important import partners of Ecuador 2019

22%

20%
18%
Share in total import

15%

10% 9%

5%
5%

0%
United States China Colombia Panama

29 Description: This statistic shows the main import partners for Ecuador in 2019. In 2019, the most important import partner for Ecuador was the United States with a share of 22 percent in all imports. Read more
Note(s): Ecuador; 2019
Source(s): CIA
 Ecuador: Export of goods from 2011 to 2021 (in billion U.S. dollars)
Export of goods to Ecuador 2021

30
26.7
25.72
24.85
25 23.76
22.32 22.33
21.63
Exports in billion U.S. dollars

20.36
20 19.12
18.33
16.8

15

10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

30 Description: The statistic shows the value of goods exported from Ecuador from 2011 to 2021. In 2021, goods with a value of around 26.7 billion U.S. dollars were exported from Ecuador. Read more
Note(s): Ecuador
Source(s): WTO
 Ecuador: Export of commodities in 2020 (in billion U.S. dollars)
Export of commodities from Ecuador 2020

14
12.57

12
Exports in billion U.S. dollars

10

6.01
6

2 1.24

0
Agricultural products Fuels and mining products Manufactures

31 Description: This statistic shows the value of exported commodities from Ecuador in 2020. In 2020, agricultural products worth 12.57 billion U.S. dollars were exported from Ecuador. Read more
Note(s): Ecuador
Source(s): WTO
 Ecuador: Main export partners in 2019
Most important export partner countries for Ecuador in 2019

35%

30%
30%

25%
Share in total export

20%

15% 13%

10% 8%
7%

5%

0%
United States China Panama Chile

32 Description: This statistic shows the main export partner countries of Ecuador in 2019. In 2019, the most important export partner of Ecuador was the United States with a share of 30 percent in exports. Read more
Note(s): Ecuador
Source(s): CIA
 Ecuador: Trade balance of goods from 2011 to 2021 (in billion U.S. dollars)
Trade balance of goods of Ecuador 2021

3.0
2.44

2.0
Trade balance in billion U.S. dollars

1.01
1.0
0.47

0.0
-0.23
-1.0
-0.89

-1.55
-2.0
-2.12 -2 -2
-2.3
-3.0
-3.19
-4.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

33 Description: The statistic shows Ecuador's trade balance of goods from 2011 to 2021. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In
2021, Ecuador's trade surplus amounted to around 1.01 billion U.S. dollars. Read more
Note(s): Ecuador
Source(s): Statista; WTO
 Leading companies in Ecuador in 2020, by revenue (in million U.S. dollars)
Largest companies in Ecuador 2020, by revenue

Revenue in million U.S. dollars

0 500 1,000 1,500 2,000 2,500

Corporación Favorita C.A. 2,170.6

Corporación El Rosado S.A. 1,249.09

Consorcio Ecuatoriano de Telecomunicaciones S.A. (Conecel) 1,066.24

Distribuidora Farmaceutica Ecuatoriana S.A. (DIFARE) 850.88

Procesadora Nacional de Alimentos C.A. (PRONACA) 832.52

Dinadec S.A. 726.34

Tiendas Industriales Asociadas S.A. (Almacenes Tía) 701.58

Shaya Ecuador S.A. 669.08

Industrial Pesquera Santa Priscila S.A. 578.61

Primax Comercial del Ecuador S.A. 536.02

Gisis S.A. 498

La Fabril S.A. 489.1

Leterago del Ecuador S.A. 486.37

Operadora y Procesadora de Productos Marinos OMARSA S.A. 479.64

Nestlé Ecuador S.A. 468.91

34 Description: Corporación Favorita C.A. ranked as the Ecuadorian company that registered the largest sales revenue in 2020, with a revenue of approximately 2.17 billion U.S. dollars. It was followed by Corporación El Rosado S.A. and Consorcio Ecuatoriano de
Telecomunicaciones S.A. (Conecel). Read more
Note(s): Ecuador; 2020; based on financial data reported to Superintendencia de Compañías, Valores y Seguros of Ecuador
Source(s): Superintendencia de Compañías, Valores y Seguros
CHAPTER 03

National finances
 Ecuador: National debt from 2017 to 2027 (in billion U.S. dollars)
National debt of Ecuador 2027

80

70 68.02 67.57 67.92

66.07 66.21
63.55 62.05
60.46
National debt in billion U.S. dollars

60 55.58
52.76
49.05
50

40

30

20

10

0
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

36 Description: The national debt of Ecuador was forecast to decrease between 2022 and 2027 by in total six billion U.S. dollars (-8.82 percent). This overall decrease does not happen continuously, notably not in 2024. The national debt is estimated to amount to 62.05
billion U.S. dollars in 2027. Read more
Note(s): Ecuador; 2017 to 2021; * Estimate. Values have been rounded for better understanding of the statistic. Exchange rate as of 2022-11-07: 1 USD = 1 U.S. dollar. Read more
Source(s): IMF
 Ecuador: National debt in relation to gross domestic product (GDP) from
2017 to 2027
National debt of Ecuador in relation to gross domestic product (GDP) 2027

70%
62.24%
60.89%
58.91%
60% 56.17%
54.52%
51.41% 51.41%
National debt in relation to GDP

49.05% 47.73%
50% 47.03%
45.07%

40%

30%

20%

10%

0%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

37 Description: The ratio of national debt to gross domestic product of Ecuador was forecast to continuously decrease between 2022 and 2027 by in total 13.8 percentage points. The ratio is estimated to amount to 45.07 percent in 2027. Read more
Note(s): Ecuador; 2017 to 2021; * Estimate. Figures have been rounded. Read more
Source(s): IMF
 Ecuador: Ratio of military spending to gross domestic product (GDP) from
2010 to 2020
Ratio of military expenditure to gross domestic product (GDP) in Ecuador 2020

3.5%
3.1%
3.01% 2.95%
3.0% 2.88%
2.74%
2.62%
Ratio of military spending to GDP

2.51%
2.5% 2.36% 2.35% 2.41%
2.23%

2.0%

1.5%

1.0%

0.5%

0.0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

38 Description: The ratio of military expenditure to gross domestic product (GDP) in Ecuador increased by 0.2 percentage points in 2020. In total, the ratio amounted to 2.41 percent in 2020. This increase was preceded by a declining ratio. Read more
Note(s): Ecuador; 2010 to 2020
Source(s): World Bank
 Ecuador: Ratio of government expenditure to gross domestic product
(GDP) from 2017 to 2027
Ratio of government expenditure to gross domestic product (GDP) in Ecuador 2027

45%

40% 38.43% 39.01%

37.11% 36.54%
Ratio of government expenditure to GDP

35.51% 35.18%
34.3%
35% 33.38% 32.89% 32.23% 32.09%

30%

25%

20%

15%

10%

5%

0%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

39 Description: The ratio of government expenditure to gross domestic product of Ecuador was forecast to continuously decrease between 2022 and 2027 by in total 3.1 percentage points. The ratio is estimated to amount to 32.09 percent in 2027. Read more
Note(s): Ecuador; 2017 to 2021; * Estimate. Values have been rounded to provide a better understanding of the statistic. Read more
Source(s): IMF
 Ecuador: Budget balance between 2017 to 2027 in relation to GDP
Ecuador's budget balance in relation to GDP 2027

4.0%

1.89% 1.78% 1.86% 1.98%

2.0% 1.43%
0.87%
Budget balance in relation to GDP

0.0%

-2.0% -1.49%

-4.0% -3.45%

-4.73%
-6.0%
-6.14%

-7.12%
-8.0%
2017 2018 2019 2020 2021 2022* 2023* 2024* 2025* 2026* 2027*

40 Description: The budget balance in relation to the gross domestic product of Ecuador was forecast to increase between 2022 and 2027 by in total 0.6 percentage points. This overall increase does not happen continuously, notably not in 2024 and 2027. The budget
balance is estimated to amount to 1.43 percent in 2027. While the budget balance was forecast to increase significant in the next years, the increase will slow down in the future. Read more
Note(s): Ecuador; 2017 to 2021; * Estimation. The values have been rounded to provide a better understanding of the statistic. Read more
Source(s): IMF
CHAPTER 04

Ecuador and the coronavirus

 Number of coronavirus (COVID-19) cases worldwide as of December 21,
2022, by country or territory
COVID-19 cases worldwide as of December 21, 2022, by country or territory

Number of cases
0 100,000,000 200,000,000 300,000,000 400,000,000 500,000,000 600,000,000 700,000,000

World 659,121,949

USA 101,865,927

India 44,677,449

France 38,971,117

Germany 37,088,426

Brazil 35,992,620

S. Korea 28,390,646

Japan 27,581,407

Italy 24,884,034

UK 24,089,042

Russia 21,735,851

Turkey 17,042,722

Spain 13,651,239

Vietnam 11,523,367

Australia 10,983,380

42 Description: As of December 21, 2022, the outbreak of the coronavirus disease (COVID-19) had been confirmed in almost every country in the world. The virus had infected 659 million people worldwide, and the number of deaths had reached 6.68 million. The most
severely affected countries include the U.S., India, and Brazil. Read more
Note(s): Worldwide; as of December 21, 2022
Source(s): Worldometer
 Number of new cases of coronavirus (COVID-19) worldwide from January
23, 2020 to December 20, 2022, by day
New cases of COVID-19 worldwide from January 23, 2020 to December 20, 2022, by day

4,500,000

4,000,000

3,500,000
Number of new cases

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
10/29/20
11/18/20

12/28/20

10/24/21
11/13/21

12/23/21

11/17/22
1/23/20
2/12/20

3/23/20
4/12/20

5/22/20
6/11/20

7/21/20
8/10/20
8/30/20
9/19/20
10/9/20

12/8/20

1/17/21

2/26/21
3/18/21

4/27/21
5/17/21

6/26/21
7/16/21

8/25/21
9/14/21
10/4/21

12/3/21

1/12/22

2/21/22
3/13/22

4/22/22
5/12/22

6/21/22
7/23/22
8/30/22
10/9/22
3/3/20

5/2/20

7/1/20

2/6/21

4/7/21

6/6/21

8/5/21

2/1/22

4/2/22

6/1/22
43 Description: On December 20, 2022, there were almost 670 thousand new cases of COVID-19 worldwide. The total number of deaths from COVID-19 has reached almost 6.68 million. Read more
Note(s): Worldwide; January 23, 2020 to December 20, 2022
Source(s): ECDC; OWID
 Number of cumulative cases of coronavirus (COVID-19) worldwide from
January 22, 2020 to December 20, 2022, by day
Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Dec. 20, 2022, by day

700,000,000

600,000,000
Number of cumulative cases

500,000,000

400,000,000

300,000,000

200,000,000

100,000,000

0
10/28/20
11/17/20

12/27/20

10/23/21
11/12/21

12/22/21

10/17/22
11/25/22
1/22/20
2/11/20

3/22/20
4/11/20

5/21/20
6/10/20
6/30/20
7/20/20

8/29/20
9/18/20
10/8/20

12/7/20

1/16/21

2/25/21
3/17/21

4/26/21
5/16/21

6/25/21
7/15/21

8/24/21
9/13/21
10/3/21

12/2/21

1/11/22
1/31/22
2/20/22
3/12/22

4/21/22
5/11/22
6/19/22
7/29/22
3/2/20

5/1/20

8/9/20

2/5/21

4/6/21

6/5/21

8/4/21

4/1/22

9/7/22
44 Description: As of December 20, 2022, there have been 654 million cases of coronavirus (COVID-19) worldwide. The disease has impacted almost every country and territory in the world, with the United States confirming around 16 percent of all global cases. Read
more
Note(s): Worldwide; January 22, 2020 to December 20, 2022
Source(s): ECDC; OWID
 Number of novel coronavirus (COVID-19) deaths worldwide as of
December 21, 2022, by country and territory
COVID-19 deaths worldwide as of December 21, 2022, by country and territory

Number of deaths
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000

World 6,676,144

USA 1,113,808

Brazil 692,210

India 530,680

Russia 393,166

Mexico 330,805

Peru 217,941

UK 198,271

Italy 183,138

France 160,747

Indonesia 160,451

Germany 160,246

Iran 144,667

Colombia 141,996

Argentina 130,080

45 Description: As of December 21, 2022, the outbreak of the coronavirus disease (COVID-19) had spread to almost every country in the world, and 6.68 million people had died after contracting the respiratory virus. Over 1.1 million of these deaths occurred in the United
States. Read more
Note(s): Worldwide; December 21, 2022
Source(s): Worldometer
 Number of coronavirus (COVID-19) cases, recoveries, and deaths
worldwide as of December 21, 2022
Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Dec. 21, 2022

700,000,000 659,121,949
632,426,830

600,000,000

500,000,000

400,000,000

300,000,000

200,000,000

100,000,000

6,676,144
0
Total cases Total recoveries Total deaths

46 Description: As of December 21, 2022, there were 659 million global cases of COVID-19. Around 632 million people had recovered from the disease, while there had been almost 6.68 million deaths. The United States, India, and Brazil have been among the countries
hardest hit by the pandemic. Read more
Note(s): Worldwide; December 21, 2022
Source(s): Worldometer
 Sources

CIA
ECDC
ILO
IMF
OWID
Statista
Superintendencia de Compañías, Valores y Seguros
World Bank
Worldometer
WTO

47