Goods and services expense in Ecuador
Ecuador: Goods and services expense was 8.69 billion current LCU in 2022. ▼ Falling
Goods and services expense in Ecuador, 2013–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Ecuador recorded 8.69 billion current LCU for goods and services expense in 2022.
The figure is up 7.8% on the previous year and down 19.0% over ten years.
Over the whole period, goods and services expense in Ecuador peaked at 11.58 billion current LCU in 2014 and was at its lowest, 6.70 billion current LCU, in 2020.
That places Ecuador 108th out of 155 countries with data for 2022, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.09 billion current LCU | 6.98 billion current LCU | 11.58 billion current LCU | 7 |
| 2020s | 7.82 billion current LCU | 6.70 billion current LCU | 8.69 billion current LCU | 3 |
Countries ranked near Ecuador
More public sector data for Ecuador
- Arms imports 25.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.1% (2022)
- Taxes on income, profits and capital gains 12.3% (2022)
- Taxes on goods and services 21.1% (2022)
- Net investment in nonfinancial assets 0.5% (2022)
- Net lending (+) / net borrowing (-) -0.0% (2022)
- Interest payments 4.7% (2022)
- Grants and other revenue 41.7% (2022)
- Interest payments 4.7% (2022)
- Other taxes 2.5% (2022)
Frequently asked questions
- What is goods and services expense in Ecuador?
- Goods and services expense in Ecuador was 8.69 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Ecuador?
- The highest recorded value was 11.58 billion current LCU in 2014.
- What is the lowest goods and services expense recorded in Ecuador?
- The lowest recorded value was 6.70 billion current LCU in 2020.
- How does Ecuador rank for goods and services expense?
- Ecuador ranks 108th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Ecuador?
- Over the last ten years it is down 19.0%. The long-run trend across the full record is falling.
- Where does this Ecuador data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.