Financial Development Index in Ecuador
Ecuador: Financial Development Index was 0.1305 in 2020. ▼ Falling
Financial Development Index in Ecuador, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Ecuador is 0.1305, measured in 2020.
That represents a change of down 21.3% on the previous year and down 21.9% over ten years.
Over the whole period, financial development index in Ecuador peaked at 0.2434 in 1984 and was at its lowest, 0.0971, in 2004.
That places Ecuador 143rd out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Development Index in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1938 | — |
| 1981 | 0.1958 | +1.0% |
| 1982 | 0.2071 | +5.8% |
| 1983 | 0.2308 | +11.5% |
| 1984 | 0.2434 | +5.5% |
| 1985 | 0.2247 | -7.7% |
| 1986 | 0.2201 | -2.0% |
| 1987 | 0.2148 | -2.4% |
| 1988 | 0.1631 | -24.1% |
| 1989 | 0.1473 | -9.7% |
| 1990 | 0.1254 | -14.8% |
| 1991 | 0.1153 | -8.1% |
| 1992 | 0.1182 | +2.5% |
| 1993 | 0.1111 | -6.0% |
| 1994 | 0.1169 | +5.2% |
| 1995 | 0.1274 | +9.0% |
| 1996 | 0.1191 | -6.5% |
| 1997 | 0.1099 | -7.7% |
| 1998 | 0.1138 | +3.6% |
| 1999 | 0.1203 | +5.7% |
| 2000 | 0.1024 | -14.9% |
| 2001 | 0.1169 | +14.2% |
| 2002 | 0.105 | -10.2% |
| 2003 | 0.1047 | -0.2% |
| 2004 | 0.0971 | -7.3% |
| 2005 | 0.1019 | +5.0% |
| 2006 | 0.1273 | +24.9% |
| 2007 | 0.1497 | +17.6% |
| 2008 | 0.155 | +3.5% |
| 2009 | 0.1626 | +4.9% |
| 2010 | 0.1672 | +2.9% |
| 2011 | 0.1501 | -10.2% |
| 2012 | 0.1474 | -1.8% |
| 2013 | 0.15 | +1.8% |
| 2014 | 0.1568 | +4.5% |
| 2015 | 0.1585 | +1.1% |
| 2016 | 0.1529 | -3.6% |
| 2017 | 0.1557 | +1.9% |
| 2018 | 0.1624 | +4.3% |
| 2019 | 0.1658 | +2.1% |
| 2020 | 0.1305 | -21.3% |
Ecuador compared with similar countries
- Ecuador's 0.1305 is below the median for upper middle income countries, which is 0.2539, 51% of the median. (54 countries reporting)
- Ecuador's 0.1305 is below the median for Latin America & Caribbean, which is 0.2814, 46% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2041 | 0.1473 | 0.2434 | 10 |
| 1990s | 0.1177 | 0.1099 | 0.1274 | 10 |
| 2000s | 0.1223 | 0.0971 | 0.1626 | 10 |
| 2010s | 0.1567 | 0.1474 | 0.1672 | 10 |
| 2020s | 0.1305 | 0.1305 | 0.1305 | 1 |
Countries ranked near Ecuador
More financial sector data for Ecuador
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.14 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.56 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.14 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Ecuador?
- Financial development index in Ecuador was 0.1305 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Ecuador?
- The highest recorded value was 0.2434 in 1984.
- What is the lowest financial development index recorded in Ecuador?
- The lowest recorded value was 0.0971 in 2004.
- How does Ecuador rank for financial development index?
- Ecuador ranks 143rd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Ecuador?
- Over the last ten years it is down 21.9%. The long-run trend across the full record is falling.
- Where does this Ecuador data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.