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Ecuador Real GDPEcuador Real GDPEcuador Real GDP

Ecuador Real GDP

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Overview
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ECGDPCP chart


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Key data points


Last release
—
Observation period
Q1 2024
Next release
—
Forecast
—
Highest
‪29.64 B‬USD on Jun 30, 2023
Lowest
‪12.52 B‬USD on Mar 31, 2000

About Ecuador Real GDP


Category
GDP
Source
Central Bank
Frequency
Quarterly
Units
USD

Related indicators


ECGDP
GDP
ECGDPA
GDP From Agriculture
ECGDPC
GDP From Construction
ECGDPMAN
GDP From Manufacturing
ECGDPMIN
GDP From Mining
ECGDPPA
GDP From Public Administration
ECGDPPC
GDP Per Capita
ECGDPPCP
GDP Per Capita PPP
ECGDPQQ
GDP Growth Rate
ECGDPS
GDP From Services
ECGDPT
GDP From Transport
ECGDPU
GDP From Utilities
ECGDPYY
GDP Growth
ECGFCF
Gross Fixed Capital Formation

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Ecuador Real GDP was 28.538 B USD, and the quarter before that it reached 29.244 B USD.