GDP growth (annual %) (UNESCO Institute) in Ecuador
Ecuador: GDP growth (annual %) (UNESCO Institute) was -2.0% in 2024. ◆ Volatile
GDP growth in Ecuador, 1970–2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
Ecuador recorded -2.0% for gdp growth in 2024.
The figure is down 200.7% on the previous year and down 147.4% over ten years.
Over the whole period, gdp growth in Ecuador peaked at 14.0% in 1973 and was at its lowest, -9.2%, in 2020.
That places Ecuador 203rd out of 212 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth (annual %) (UNESCO Institute) in Ecuador, year by year
| Year | annual % | Change |
|---|---|---|
| 1970 | 6.9% | — |
| 1971 | 6.3% | -8.4% |
| 1972 | 5.0% | -20.3% |
| 1973 | 14.0% | +178.0% |
| 1974 | 11.2% | -19.7% |
| 1975 | 11.0% | -2.1% |
| 1976 | 7.4% | -32.6% |
| 1977 | 1.6% | -78.3% |
| 1978 | 5.7% | +255.6% |
| 1979 | 3.7% | -34.6% |
| 1980 | 3.7% | -0.7% |
| 1981 | 5.6% | +51.3% |
| 1982 | 0.6% | -89.0% |
| 1983 | -0.3% | -154.8% |
| 1984 | 2.6% | -879.3% |
| 1985 | 3.9% | +49.9% |
| 1986 | 3.5% | -11.9% |
| 1987 | -0.3% | -107.5% |
| 1988 | 5.9% | -2373.4% |
| 1989 | 1.0% | -82.9% |
| 1990 | 3.7% | +265.9% |
| 1991 | 4.3% | +16.6% |
| 1992 | 2.1% | -50.7% |
| 1993 | 2.0% | -6.7% |
| 1994 | 4.3% | +115.8% |
| 1995 | 2.3% | -47.1% |
| 1996 | 1.7% | -23.1% |
| 1997 | 4.3% | +149.9% |
| 1998 | 3.3% | -24.5% |
| 1999 | -4.7% | -245.1% |
| 2000 | 1.1% | -123.0% |
| 2001 | 4.2% | +285.3% |
| 2002 | 4.9% | +17.2% |
| 2003 | 2.9% | -41.5% |
| 2004 | 6.8% | +136.9% |
| 2005 | 5.4% | -21.0% |
| 2006 | 4.3% | -19.6% |
| 2007 | 1.9% | -56.2% |
| 2008 | 6.6% | +245.1% |
| 2009 | 1.1% | -83.4% |
| 2010 | 4.0% | +269.3% |
| 2011 | 8.5% | +110.5% |
| 2012 | 5.8% | -31.8% |
| 2013 | 7.2% | +24.7% |
| 2014 | 4.2% | -41.4% |
| 2015 | 0.1% | -97.2% |
| 2016 | -0.7% | -674.8% |
| 2017 | 6.0% | -967.9% |
| 2018 | 1.0% | -82.5% |
| 2019 | 0.2% | -84.2% |
| 2020 | -9.2% | -5689.5% |
| 2021 | 9.4% | -201.9% |
| 2022 | 5.9% | -37.7% |
| 2023 | 2.0% | -66.1% |
| 2024 | -2.0% | -200.7% |
Ecuador compared with similar countries
- Ecuador's -2.0% is below the median for upper middle income countries, which is 3.3%. (58 countries reporting)
- Ecuador's -2.0% is below the median for Latin America & Caribbean, which is 3.4%. (41 countries reporting)
Biggest year-on-year movements
Years where GDP growth (annual %) (UNESCO Institute) in Ecuador changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -5689.5% | 0.2% | -9.2% |
| 1988 | +2373.4% | -0.3% | 5.9% |
| 2017 | +967.9% | -0.7% | 6.0% |
| 1984 | +879.3% | -0.3% | 2.6% |
| 2016 | -674.8% | 0.1% | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.3% | 1.6% | 14.0% | 10 |
| 1980s | 2.6% | -0.3% | 5.9% | 10 |
| 1990s | 2.3% | -4.7% | 4.3% | 10 |
| 2000s | 3.9% | 1.1% | 6.8% | 10 |
| 2010s | 3.6% | -0.7% | 8.5% | 10 |
| 2020s | 1.2% | -9.2% | 9.4% | 5 |
Countries ranked near Ecuador
More population data for Ecuador
- Population regions with projections, annual growth rate -0.5775 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -4.47 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.5775 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.4058 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 22,270 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.9392 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6473 % change on previous year (2100)
- Population growth rate -0.582 (2100)
- Population density 76.87 (2100)
- Projected population under age 5 792,284 (2100)
Frequently asked questions
- What is gdp growth in Ecuador?
- Gdp growth in Ecuador was -2.0% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Ecuador?
- The highest recorded value was 14.0% in 1973.
- What is the lowest gdp growth recorded in Ecuador?
- The lowest recorded value was -9.2% in 2020.
- How does Ecuador rank for gdp growth?
- Ecuador ranks 203rd out of 212 countries with data for 2024.
- Is gdp growth rising or falling in Ecuador?
- Over the last ten years it is down 147.4%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release