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Ecuador GDP

Ecuador's GDP rose to $124.68 billion in 2024, up from $121.15 billion in 2023, according to World Bank. This represents an increase of 2.9% ($3.53 billion) from the previous year and accounts for 0.11% of the world's total GDP. Ecuador has GDP higher than the global median ($124.68 billion vs median $35.85 billion). Compared with the median in Americas, Ecuador is higher ($124.68 billion vs regional median $25.03 billion) and ranks 10th out of 44 countries in Americas.

Ecuador's GDP per capita fell to $5,999.39 in 2024, down from $6,174.82 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 124.68
2023 121.15
2022 116.13
2021 107.18
2020 95.87
2019 107.6
2018 107.48
2017 104.47
2016 97.67
2015 97.21
2014 102.72
2013 96.57
2012 87.74
2011 78.99
2010 68.15
2009 60.09
2008 61.14
2007 49.85
2006 45.69
2005 40.28
2004 35.19
2003 30.97
2002 27.05
2001 23.13
2000 17.54
1999 19.65
1998 27.98
1997 28.16
1996 25.23
1995 24.43
1994 22.71
1993 18.94
1992 18.09
1991 16.99
1990 15.24
1989 13.89
1988 13.05
1987 13.95
1986 15.31
1985 17.15
1984 16.91
1983 17.15
1982 19.93
1981 21.81
1980 17.88
1979 14.18
1978 11.92
1977 11.03
1976 9.09
1975 7.73
1974 6.6
1973 3.89
1972 3.19
1971 2.75
1970 2.86
1969 3.11
1968 2.58
1967 2.55
1966 2.43
1965 2.39
1964 2.24
1963 1.82
1962 1.52
1961 1.75
1960 2.07
Ecuador GDP : Definition
GDP measures the total value of all goods and services produced in Ecuador, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -2% 1.99% 2024
GDP per Capita $5,999.39 $6,174.82 2024
GDP per Capita PPP $13,935.54 $14,343.02 2024
Real GDP $108.8B $111.02B 2024