Fiscal Balance in Ecuador
Ecuador - Fiscal BalanceKey indicators suggest the economy lost traction in the first quarter. Exports fell in January–February on a contraction in the sales of oil and lower export earnings ate into the public coffers. Moreover, slower average real wage growth and reduced credit availability likely constrained private consumption in Q1. This, coupled with a plunge in capital spending as part of fiscal adjustment efforts, further supports the likelihood of a deceleration in the quarter. While the economic activity index improved slightly in the first two months of Q1, overall the data points to a slower expansion. In the political arena, the government is set to present a second package of reforms to the National Assembly by the end of May. This includes a series of labor market reforms that will seek to improve access to formal employment and reduce the costs of hiring and firing workers, which should help curb the rise of the informal economy and lift living standards.
Ecuador - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-9.9||-9.6||-6.2||-7.4||-5.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||25,000||0.0 %||May 13|
|Stock Market||1,361||0.17 %||May 13|
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May 15, 2019
Economic activity grew 2.0% over the same month of the previous year in March, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
May 13, 2019
Consumer prices returned to growth at the outset of the second quarter, rising 0.17% over the previous month in April.
April 16, 2019
Economic activity grew 4.8% over the same month of the previous year in February, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
April 8, 2019
Consumer prices fell 0.21% over the previous month in March, a slightly softer drop compared to February’s 0.23% month-on-month decline.
March 29, 2019
Ecuador’s economy lost traction in the final quarter of last year, with annual GDP growth falling to 0.8% from the previous quarter’s revised 1.5% (previously reported: +1.4% year-on-year), marking the weakest expansion in two years.