Ecuador: Trade (% of GDP)
In , Ecuador's Trade (% of GDP) was 57.20.
That's up 0.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Ecuador ranks #110 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #14 of 24.
Source: World Bank Open Data (NE.TRD.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
- 74.59
- Trough
- 40.53
- 1-year change
- +0.4%
- 5-year change
- +19.0%
- +3.5% / yr
- 10-year change
- -6.9%
- -0.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 57.2031 | |
| 56.9978 | |
| 61.8808 | |
| 53.2613 | |
| 43.9893 | |
| 48.0828 | |
| 48.0093 | |
| 43.6177 | |
| 40.5345 | |
| 47.8280 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Ecuador's Trade (% of GDP) in 2024?
- In 2024, Ecuador's Trade (% of GDP) was 57.20, according to World Bank Open Data.
- Is Ecuador's Trade (% of GDP) rising or falling?
- Ecuador's Trade (% of GDP) rose 0.4% from 2023 to 2024.
- How does Ecuador rank globally on Trade (% of GDP)?
- In 2024, Ecuador ranked #110 out of 160 countries reporting Trade (% of GDP).
- How does Ecuador's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Ecuador is below the world average. Within Latin America & Caribbean, it ranks #14 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.