Macroeconomic Outlook Report: Ecuador

Macroeconomic Outlook Report: Ecuador

Summary

Mining, manufacturing, and utilities contributed 24% to the gross value added (GVA) in 2024, followed by wholesale, retail, and hotels (18.5%) and financial intermediation, real estate, and business activities (7.4%). In nominal terms, the three sectors are forecast to grow by 2.3%, 4.1%, and 4.1%, respectively, in 2025.

Quito is the major region in Ecuador, which contributed 24.1% to the country’s GDP and comprised 15.6% of the country’s population in 2024, according to GlobalData’s city database.

As of January 2025, the southern viaduct project in Ecuador aims to enhance access to the Port of Guayaquil by constructing the country's longest bridge, spanning 44.2 kilometers. This infrastructure initiative includes an 855-meter bridge over Estero Cobina and a 3.44-kilometer bridge over the Guayas River, significantly improving logistical efficiency.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.