Ecuador Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Ecuador Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
The construction industry in Ecuador is expected to return to its growth momentum in 2025, registering an annual growth of 3.8% in real terms this year - up from an annual fall of 7.8% in 2024. Growth is driven by low-base effect, coupled with a rise in tourism activities, and investments in the leisure and hospitality and logistics infrastructure. According to the Banco Central del Ecuador (BCE), the construction industry’s value-add grew by 4% year-on-year (YoY) in the first half of 2025.
Growth in the industry is expected to slow to 1.1% in 2026, owing to an anticipated weakness in infrastructure and energy and utilities sectors, amid budgetary cuts. In November 2025, Ecuador’s government reduced the public investment budget for 2026 by 10%, allocating $2.2 billion to the Annual Investment Plan (PAI) - down from $2.4 billion in 2025.
Over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 4.2%, between 2027 and 2029, supported by investments in residential and transport infrastructure projects. In June 2025, Ecuador announced 12 Public-Private Partnership (PPP) infrastructure projects, with a total investment potential of over $7.5 billion. The portfolio includes significant road corridors such as Manta-Quevedo, Montecristi-Jipijapa-La Cadena, Pifo -“Y” de Baeza, Guayaquil Southern Viaduct, Bahía-Cojimíes, Ambato-Baños-Puyo, Loja-Catamayo, and Buena Fe-Babahoyo-Juján, as well as major port terminals in Esmeraldas and Guayaquil, and large-scale hydroelectric projects - notably, Cardenillo and Santiago. The Guayaquil Southern Viaduct is valued at $960.8 million, while the Santiago hydroelectric project accounts for $3.6 billion. The International Finance Corporation (IFC) is advising on the structuring of three key road projects, and the Canadian Commercial Corporation (CCC) is supporting the Guayaquil Southern Viaduct project.
GlobalData’s Construction in Ecuador - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Ecuador’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Ecuador. It provides -
Summary
The construction industry in Ecuador is expected to return to its growth momentum in 2025, registering an annual growth of 3.8% in real terms this year - up from an annual fall of 7.8% in 2024. Growth is driven by low-base effect, coupled with a rise in tourism activities, and investments in the leisure and hospitality and logistics infrastructure. According to the Banco Central del Ecuador (BCE), the construction industry’s value-add grew by 4% year-on-year (YoY) in the first half of 2025.
Growth in the industry is expected to slow to 1.1% in 2026, owing to an anticipated weakness in infrastructure and energy and utilities sectors, amid budgetary cuts. In November 2025, Ecuador’s government reduced the public investment budget for 2026 by 10%, allocating $2.2 billion to the Annual Investment Plan (PAI) - down from $2.4 billion in 2025.
Over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 4.2%, between 2027 and 2029, supported by investments in residential and transport infrastructure projects. In June 2025, Ecuador announced 12 Public-Private Partnership (PPP) infrastructure projects, with a total investment potential of over $7.5 billion. The portfolio includes significant road corridors such as Manta-Quevedo, Montecristi-Jipijapa-La Cadena, Pifo -“Y” de Baeza, Guayaquil Southern Viaduct, Bahía-Cojimíes, Ambato-Baños-Puyo, Loja-Catamayo, and Buena Fe-Babahoyo-Juján, as well as major port terminals in Esmeraldas and Guayaquil, and large-scale hydroelectric projects - notably, Cardenillo and Santiago. The Guayaquil Southern Viaduct is valued at $960.8 million, while the Santiago hydroelectric project accounts for $3.6 billion. The International Finance Corporation (IFC) is advising on the structuring of three key road projects, and the Canadian Commercial Corporation (CCC) is supporting the Guayaquil Southern Viaduct project.
GlobalData’s Construction in Ecuador - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Ecuador’s construction industry, including -
- Ecuador’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Ecuador’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Ecuador. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ecuador, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
26 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Ecuador, Top Construction Projects by Value
- Table 3: Ecuador, Construction Output Value (Real, $ Million)
- Table 4: Ecuador, Construction Output Value (Nominal, USD Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures Figure 1: Ecuador, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Ecuador, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: Latin America, Construction Output (Real % Change), 2023–29
- Figure 4: Ecuador, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Ecuador, Construction Value-add ($ Million, 2018 Constant Prices), Seasonally Adjusted
- Figure 6: Ecuador, Accommodation and Food Services Value-add ($ Million, 2018 Constant Prices), Seasonally Adjusted
- Figure 7: Ecuador, Mining and Quarrying Activities Value-add ($ Million, 2018 Constant Prices), Seasonally Adjusted
- Figure 8: Ecuador, Total Exports ($ Million)
- Figure 9: Ecuador, Petroleum Refining Sector Value-add ($ Million, 2018 Constant Prices), Seasonally Adjusted
- Figure 10: Ecuador, Total Crude oil production (Thousand barrels)
- Figure 11: Ecuador, Building Permit Issued, In Number
- Figure 12: Ecuador, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 13: Ecuador, Risk Summary
- Figure 14: Ecuador, Risk Regional Comparison
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