Ecuador - Gross domestic product in current prices

106.17 (billion US dollars) in 2021

In 2021, GDP for Ecuador was 106.17 billion US dollars. GDP of Ecuador increased from 28.55 billion US dollars in 2002 to 106.17 billion US dollars in 2021 growing at an average annual rate of 7.38%.

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What is GDP?

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.

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What is Ecuador GDP?