Ecuador 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$118.84 billion
↑ 1.94% vs 2022GDP per Capita
$6,609.80
↑ 1.05% vs 2022GDP Growth (Annual %)
2.36%
↓ 3.83pp vs 2022Inflation Rate (CPI %)
2.22%
↓ 1.25pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $116.59 billion | $118.84 billion | +1.94% |
| GDP per Capita | $6,541.00 | $6,609.80 | +1.05% |
| GDP Growth (Annual %) | 6.19% | 2.36% | -3.83pp |
| Inflation (CPI %) | 3.47% | 2.22% | -1.25pp |
| Unemployment Rate (%) | 3.76% | 3.51% | -0.25pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $118.84 billion
- GDP per Capita
- $6,609.80
- GDP Growth (Annual %)
- 2.36%
- Gross National Income
- $116.20 billion
Prices & Employment
- Inflation (CPI %)
- 2.22%
- Inflation (GDP Deflator %)
- -0.41%
- Unemployment Rate (%)
- 3.51%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 1.97%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Ecuador's Gross Domestic Product (GDP) is $118.84 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Ecuador for 2023 is $6,609.80. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Ecuador for 2023 is 2.22%. This measures the annual percentage change in the cost of consumer goods and services.
Ecuador's annual GDP growth rate for 2023 is 2.36%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Ecuador for 2023 is 3.51%. This represents the percentage of the labor force that is unemployed and actively seeking employment.