After reaching one of the highest levels since the start of dollarization in January 2023, International Reserves (IR) stood at USD 4.45 billion on December 31, 2023. This reserve level allowed covering 100% of the liabilities of the first balance system of the Central Bank of Ecuador (BCE) and 43% of the second. In other […]
The Central Bank of Ecuador (BCE), in compliance with its function of preparing, analyzing and publishing macroeconomic synthesis statistics in a technical and transparent manner, makes available to the public the results of the Base Year Change Project (BYC) of the National Accounts. Over the last six years, the Central Bank has worked on the […]
The Central Bank of Ecuador (BCE) presented the results of the Quarterly National Accounts for the third quarter of 2023, which, for the first time, incorporate the new chain linking methodology, using 2018 as the reference year. With this methodological innovation, the BCE contributes to the continuous improvement in statistical production, in order to provide […]
In the second quarter of 2023, Ecuadorian economy experienced a positive variation of 3.3% compared to the same period of the previous year. This growth was primarily driven by a 6.4% increase in government spending, a 4.3% rise in household consumption, and a 3.8% growth in Gross Fixed Capital Formation (GFCF). The increase in government […]
The XLI Meeting of Presidents of Central Banks of South America took place on September 22, 2023, in the city of Quito, Ecuador. Monetary authorities of the region analyzed the current dynamics of the world and regional economy and exchanged valuable experiences regarding the impact of the United States’ monetary policy on South America, the […]
The International Reserves belong to Ecuadorians and are managed by the BCE under criteria of security, liquidity and profitability, following the best international practices, in order to guarantee the sustainability of dollarization. At present, the International Reserves cover 100% of the national fractional currency in circulation, and the resources of public and private financial entities, […]