Exports in Ecuador

Ecuador Exports | Economic News & Forecasts

Ecuador - Exports

Recently-released GDP data showed that the economy lost pace again in the second quarter, growing at the weakest pace in a year and a half, as the government’s fiscal consolidation efforts gained strength. Preliminary data for the first six months revealed that a fall in new spending, along with reduced costs in recurrent spending, have led to notable fiscal tightening over this time frame. A significant dependence on external financing makes the dollarized economy especially vulnerable to tighter global financial conditions and raises increasing concerns over the sources of debt financing for the Andean nation. Despite the challenges facing the economy, the appointment of business-friendly Richard Martinez as economy and finance minister in May has helped lift economic sentiment. Available data points to an acceleration in growth at the outset of Q3: Economic activity grew at a swifter pace in July, reflecting a surge in oil production compared to the previous month. However, while still in double digits, private credit growth continued to deteriorate, tumbling to a 14-month low in the same month.

Ecuador - Exports Data

2013  2014  2015  2016  2017  
Exports (USD billion)24.8  25.7  18.3  16.8  19.1  

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Ecuador Facts

Exchange Rate25,0000.0 %Oct 16
Stock Market1,3930.17 %Oct 16

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