Net incurrence of liabilities, total (current LCU) in Ecuador
Ecuador: Net incurrence of liabilities, total (current LCU) was 2.95 billion current LCU in 2022. ▼ Falling
Net incurrence of liabilities, total in Ecuador, 2013–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Ecuador is 2.95 billion current LCU, measured in 2022. That is the lowest value across all 10 years on record.
The figure is down 58.4% on the previous year and down 61.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Ecuador peaked at 9.49 billion current LCU in 2020 and was at its lowest, 2.95 billion current LCU, in 2022.
That places Ecuador 94th out of 136 countries with data for 2022, putting it in the middle of the range.
Net incurrence of liabilities, total (current LCU) in Ecuador, year by year
| Year | current LCU | Change |
|---|---|---|
| 2013 | 7.73 billion current LCU | — |
| 2014 | 7.71 billion current LCU | -0.3% |
| 2015 | 5.29 billion current LCU | -31.4% |
| 2016 | 9.17 billion current LCU | +73.5% |
| 2017 | 6.06 billion current LCU | -33.9% |
| 2018 | 4.27 billion current LCU | -29.5% |
| 2019 | 7.20 billion current LCU | +68.4% |
| 2020 | 9.49 billion current LCU | +31.9% |
| 2021 | 7.11 billion current LCU | -25.1% |
| 2022 | 2.95 billion current LCU | -58.4% |
Ecuador compared with similar countries
- Ecuador's 2.95 billion current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU, 6% of the median. (47 countries reporting)
- Ecuador's 2.95 billion current LCU is below the median for Latin America & Caribbean, which is 9.26 billion current LCU, 32% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.78 billion current LCU | 4.27 billion current LCU | 9.17 billion current LCU | 7 |
| 2020s | 6.52 billion current LCU | 2.95 billion current LCU | 9.49 billion current LCU | 3 |
Countries ranked near Ecuador
- 91 Switzerland 4.11 billion current LCU compare
- 92 New Zealand 3.76 billion current LCU
- 93 Belarus 3.40 billion current LCU compare
- 95 Eswatini 2.83 billion current LCU compare
- 96 Papua New Guinea 2.53 billion current LCU compare
- 97 Norway 2.39 billion current LCU
More public sector data for Ecuador
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 30.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 1.38 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 257.14 % change on previous year (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Ecuador?
- Net incurrence of liabilities, total in Ecuador was 2.95 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Ecuador?
- The highest recorded value was 9.49 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Ecuador?
- The lowest recorded value was 2.95 billion current LCU in 2022.
- How does Ecuador rank for net incurrence of liabilities, total?
- Ecuador ranks 94th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in Ecuador?
- Over the last ten years it is down 61.8%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.