What was Ecuador's Exports of goods and services (% of GDP) in 2024?

In 2024, Ecuador's Exports of goods and services (% of GDP) was 30.28, according to World Bank Open Data.

Is Ecuador's Exports of goods and services (% of GDP) rising or falling?

Ecuador's Exports of goods and services (% of GDP) rose 6.0% from 2023 to 2024.

How does Ecuador rank globally on Exports of goods and services (% of GDP)?

In 2024, Ecuador ranked #102 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Ecuador's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Ecuador is below the world average. Within Latin America & Caribbean, it ranks #14 of 24.

Ecuador: Exports of goods and services (% of GDP)

Name: Ecuador: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Ecuador's Exports of goods and services (% of GDP) was 30.28.

That's up 6.0% from 2023, the highest value since 2022.

The global average for this indicator in 2024 was 44.26 . Ecuador ranks #102 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #14 of 24.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 40.28; 2008
Trough: 20.54; 2016
1-year change: +6.0%
5-year change: +25.9%; +4.7% / yr
10-year change: -3.4%; -0.3% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	30.2786
2023	28.5659
2022	30.9252
2021	27.0660
2020	23.2836
2019	24.0486
2018	23.5439
2017	21.4856
2016	20.5393
2015	22.7545

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Ecuador's Exports of goods and services (% of GDP) in 2024?: In 2024, Ecuador's Exports of goods and services (% of GDP) was 30.28, according to World Bank Open Data.
Is Ecuador's Exports of goods and services (% of GDP) rising or falling?: Ecuador's Exports of goods and services (% of GDP) rose 6.0% from 2023 to 2024.
How does Ecuador rank globally on Exports of goods and services (% of GDP)?: In 2024, Ecuador ranked #102 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Ecuador's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Ecuador is below the world average. Within Latin America & Caribbean, it ranks #14 of 24.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.