Ecuador 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$118.79 billion
↓ 0.05% vs 2023GDP per Capita
$6,606.71
↓ 0.05% vs 2023GDP Growth (Annual %)
-0.05%
↓ 2.40pp vs 2023Inflation Rate (CPI %)
1.55%
↓ 0.67pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $118.84 billion | $118.79 billion | -0.05% |
| GDP per Capita | $6,609.80 | $6,606.71 | -0.05% |
| GDP Growth (Annual %) | 2.36% | -0.05% | -2.40pp |
| Inflation (CPI %) | 2.22% | 1.55% | -0.67pp |
| Unemployment Rate (%) | 3.51% | 4.77% | +1.26pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $118.79 billion
- GDP per Capita
- $6,606.71
- GDP Growth (Annual %)
- -0.05%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 1.55%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 4.77%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Ecuador's Gross Domestic Product (GDP) is $118.79 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Ecuador for 2024 is $6,606.71. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Ecuador for 2024 is 1.55%. This measures the annual percentage change in the cost of consumer goods and services.
Ecuador's annual GDP growth rate for 2024 is -0.05%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Ecuador for 2024 is 4.77%. This represents the percentage of the labor force that is unemployed and actively seeking employment.