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Ecuador

ECU Β· Latin America and Caribbean / Latin America and Caribbean (excluding high income)

Ecuador: GDP 15.8K intl$ per capita, population 18.1M, inflation 1.5%. Compare economy, demographics and cost of living with other countries.

Location

Key Facts

Region
Latin America & Caribbean
Latin America & Caribbean (excluding high income)
Population
18.14M
2024
View all demographics β†’

Geography and Government

Area
276,841 kmΒ²
Capital
Quito
ISO 2
EC
ISO 3
ECU
Calling code
+593
Internet TLD
.ec
Government type
presidential republic

Age Structure

0-14 years 26.8%
15-64 years 64.1%
65+ years 9.1%

Languages

Language Type Share Speakers
Spanish (SPA) Official - -

Religions

Religion Type Share Adherents
Roman Catholic Major 68.2% -
Protestant Minor 19.0% -
None Minor 8.2% -
Other Minor 2.3% -
Jehovah's Witness Minor 1.4% -
Don't Know/No Response Minor 1.0% -

Population & Demographics

Basic Demographics

Population, total
18.14M
2024
Population growth (annual %)
0.86%
2024
Population density (people per sq. km of land area)
72.4 per kmΒ²
2023
Urban population (% of total population)
63.2%
2024

Health Indicators

Life expectancy at birth, total (years)
77.6 years
2024
Birth rate, crude (per 1,000 people)
14.82 per 1,000
2024
Death rate, crude (per 1,000 people)
5.21 per 1,000
2024
Fertility rate, total (births per woman)
1.81 children
2024
Mortality rate, infant (per 1,000 live births)
10.9 per 1,000
2024

Education

Educational attainment, at least completed short-cycle tertiary, population 25+, total (%) (cumulative)
0.2%
2022
Literacy rate, adult total (% of people ages 15 and above)
93.5%
2024

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$6.9K
2024
Inflation, consumer prices (annual %)
1.5%
2024
Unemployment, total (% of labor force)
3.3%
2025
GNI per capita (current US$)
$6.4K
2024

Macroeconomic Indicators

GDP (current US$)
$124.68B
2024
GDP growth (annual %)
-2.0%
2024
GDP per capita, PPP (current international $)
15.8K intl$
2024

Trade & External Sector

Trade (% of GDP)
57.2%
2024
Exports of goods and services (% of GDP)
30.3%
2024
Imports of goods and services (% of GDP)
26.9%
2024

Other Indicators

International tourism, number of arrivals
2.11M
2019
Corruption Perceptions Index (Transparency International)
36.0
2024
Tax revenue (% of GDP)
13.1%
2022
Foreign direct investment, net inflows (% of GDP)
0.4%
2024

Explore More

Frequently Asked Questions

What is the average income in Ecuador?

According to our data, the average income in Ecuador is approximately $6,430 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Ecuador in 2024?

The inflation rate in Ecuador is 1.5% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Ecuador compare to other countries in Latin America and Caribbean ?

Ecuador is located in Latin America and Caribbean and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Ecuador compares to neighboring and regional countries.

Ecuador is located in Latin America and Caribbean , Latin America and Caribbean (excluding high income). Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Ecuador's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Ecuador's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

Codes and Abbreviations

ISO 2
EC
ISO 3
ECU
IOC code
ECU
Vehicle code
EC
Latitude
-0.23
Longitude
-78.52

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