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Ecuador Trade (% GDP)

Ecuador's trade (% GDP) rose to 57.2% in 2024, up from 57% in 2023, according to World Bank. This represents an increase of 0.2% from the previous year. Ecuador has trade (% GDP) lower than the global median (57.20% vs median 84.49%). Compared with the median in Americas, Ecuador is lower (57.20% vs regional median 78.04%) and ranks 22nd out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 57.2%
2023 57%
2022 61.88%
2021 53.26%
2020 43.99%
2019 48.08%
2018 48.01%
2017 43.62%
2016 40.53%
2015 47.83%
2014 61.43%
2013 63.43%
2012 67%
2011 70.04%
2010 65.78%
2009 57.35%
2008 74.59%
2007 68.85%
2006 65.84%
2005 61.96%
2004 56.07%
2003 52.36%
2002 54.8%
2001 56.13%
2000 65.4%
1999 49.2%
1998 43.4%
1997 45.02%
1996 44.22%
1995 45.91%
1994 43.78%
1993 43.17%
1992 44.81%
1991 45.2%
1990 44.59%
1989 45.11%
1988 42.66%
1987 37.73%
1986 33.11%
1985 35.72%
1984 33.06%
1983 30.88%
1982 32.41%
1981 29.92%
1980 35.03%
1979 36.08%
1978 33.3%
1977 34.44%
1976 34.01%
1975 35.41%
1974 41.4%
1973 34.54%
1972 27.96%
1971 27.27%
1970 22.45%
1969 20.61%
1968 24.96%
1967 22.14%
1966 21.6%
1965 19.27%
1964 19.04%
1963 19.19%
1962 21.04%
1961 19.11%
1960 19.91%
Ecuador Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Ecuador divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $31.56B $31.13B 2024
Annual Imports $29.49B $30.9B 2024
Exports (% GDP) 30.28% 28.57% 2024
FDI Inflows (% GDP) 0.19% 0.39% 2024
Imports (% GDP) 26.92% 28.43% 2024
Net Trade (Goods & Services, BoP) $4.5B $266.51M 2024
Tariff Rate 7.82% 7.7% 2022