Ecuador: Imports of goods and services (% of GDP)
In , Ecuador's Imports of goods and services (% of GDP) was 26.92.
That's down 5.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Ecuador ranks #120 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #16 of 24.
Source: World Bank Open Data (NE.IMP.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
- 34.31
- Trough
- 20.00
- 1-year change
- -5.3%
- 5-year change
- +12.0%
- +2.3% / yr
- 10-year change
- -10.5%
- -1.1% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 26.9245 | |
| 28.4318 | |
| 30.9555 | |
| 26.1953 | |
| 20.7057 | |
| 24.0342 | |
| 24.4655 | |
| 22.1321 | |
| 19.9952 | |
| 25.0736 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Ecuador's Imports of goods and services (% of GDP) in 2024?
- In 2024, Ecuador's Imports of goods and services (% of GDP) was 26.92, according to World Bank Open Data.
- Is Ecuador's Imports of goods and services (% of GDP) rising or falling?
- Ecuador's Imports of goods and services (% of GDP) fell 5.3% from 2023 to 2024.
- How does Ecuador rank globally on Imports of goods and services (% of GDP)?
- In 2024, Ecuador ranked #120 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Ecuador's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Ecuador is below the world average. Within Latin America & Caribbean, it ranks #16 of 24.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.