The Ecuadorian economy reported an annual contraction of 2.0% in 2024
In 2024, Ecuador’s Gross Domestic Product (GDP) registered a decrease of 2.0%. This contraction was driven by household consumption, which decreased by 1.3%, government spending,
The Ecuadorian economy reported a 1.5% contraction in the third quarter of 2024
In the third quarter of 2024, Ecuador’s Gross Domestic Product (GDP) contracted by 1.5% compared to the same period in 2023. This performance was related
International Reserves stood at USD 6.9 billion at the end of 2024
International Reserves (IR) experienced an accumulation process throughout 2024, reaching USD 6.9 billion by December 31, 2024. This level of reserves represents an annual increase
The Central Bank of Ecuador informs the public
On Wednesday, October 9, 2024, an attempted robbery took place by more than 20 heavily armed criminals at kilometer 90 of the Cuenca-Molleturo highway, against
The Ecuadorian economy reported a 2.2% contraction in the second quarter of 2024
In the second quarter of 2024, Ecuador’s Gross Domestic Product (GDP) recorded a 2.2% decrease compared to the same period in 2023[1]. This performance was
Cryptocurrencies are not legal tender, nor an authorized means of payment in Ecuador
Based on Article 94 of the Organic Monetary and Financial Code (COMF), the Monetary Policy and Regulation Board (JPRM) issued Resolutions No. JPRM-2022-005-M, dated February