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Monday, 06 May 2024 10:10
Ecuadorean economy recorded a growth of 2.4% in 2023

In 2023, Ecuador's Gross Domestic Product (GDP) grew by 2.4%[1], lower than the 6.2% growth achieved in 2022. This growth was driven by the dynamism of government expedinture, which increased by 3.7%; exports by 2.3%; household consumption at 1.4%; and, the Gross Fixed Capital Formation (GFCF) at 0.5%.

Thursday, 29 February 2024 11:37
The number of operations with electronic means of payment tripled between 2019 and 2023

In the last five years, the use of electronic means of payment in Ecuador has increased by companies and citizens, reflecting greater confidence in this means of payment, which offers benefits such as greater security and efficiency, compared to traditional physical means of payment such as cash and check.

Friday, 09 February 2024 08:58
The Central Bank of Ecuador recorded the highest level of net profits since the beginning of dollarization

The Central Bank of Ecuador (BCE), in compliance with the provisions of Article 31 of the Organic Monetary and Financial Code (COMF), published its audited financial statements for the fiscal year 2023. Furthermore, in accordance with Article 30 of the aforementioned Code, the financial statements included the opinion of the independent external auditor who issued an opinion of reasonableness, without reservations.

Monday, 05 February 2024 08:49
Proper functioning of dollarization requires an urgent comprehensive restructuring of public finances

Good management of public finances by the National Government is one of the main aspects for the proper functioning of the dollarization system in Ecuador. This involves generating sufficient permanent income to cover public spending in essential sectors, as well as having access to financing under favorable conditions for necessary investments in public infrastructure.

Monday, 22 January 2024 08:02
Subscription of the Free Trade Agreement with China: A Great Opportunity for Ecuador

The Free Trade Agreement (FTA) between Ecuador and China would mark a historic milestone for our country as the first trade agreement with an Asian nation.

Thursday, 04 January 2024 15:42
The Central Bank successfully concludes the process of rearrangement in the composition of the International Reserves of Ecuador

The Central Bank of Ecuador (BCE), in compliance with its function of preserving and managing the country's International Reserves (IR), carried out a technical assistance with the World Bank at the beginning of 2023, followed by another with the Inter-American Development Bank.

Wednesday, 03 January 2024 12:35
International Reserves stood at USD 4.45 billion at the end of 2023

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.

Tuesday, 19 December 2023 16:29
BCE presents the results of the Base Year Change project and announces the application of the chain linking methodology

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.

Tuesday, 19 December 2023 14:25
Ecuadorian economy records 0.4% year-on-year growth in the third quarter of 2023

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.

Monday, 16 October 2023 11:30
Ecuadorian Economy Records 3.3% Year-on-Year Growth in the Second Quarter of 2023

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).

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