Remittance inflows to GDP in Ecuador
Ecuador: Remittance inflows to GDP was 3.4% in 2020. ◆ Volatile
Remittance inflows to GDP in Ecuador, 1976–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Ecuador is 3.4%, measured in 2020.
That represents a change of up 12.3% on the previous year and down 9.9% over ten years.
Over the whole period, remittance inflows to gdp in Ecuador peaked at 7.2% in 2000 and was at its lowest, 0.0%, in 1989.
That places Ecuador 77th out of 195 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.0% | 1 |
| 1980s | 0.0% | 0.0% | 0.0% | 4 |
| 1990s | 1.8% | 0.3% | 5.5% | 10 |
| 2000s | 5.6% | 4.4% | 7.2% | 10 |
| 2010s | 2.9% | 2.4% | 3.7% | 10 |
| 2020s | 3.4% | 3.4% | 3.4% | 1 |
Countries ranked near Ecuador
- 74 Saint Lucia 3.7% compare
- 75 Bhutan 3.6% compare
- 76 North Macedonia 3.4% compare
- 78 Azerbaijan 3.3% compare
- 79 Latvia 3.2% compare
- 80 Saint Kitts and Nevis 3.2% compare
More financial sector data for Ecuador
- Domestic credit to private sector by banks 57.6% (2025)
- Total reserves in months of imports 2.86 (2025)
- Net domestic credit 83.04 billion current LCU (2025)
- Net foreign assets 21.19 billion current LCU (2025)
- Monetary Sector credit to private sector 57.6% (2025)
- Broad money 62.1% (2025)
- Claims on central government, etc. 4.9% (2025)
- Domestic credit to private sector 58.9% (2025)
- Official exchange rate 1 LCU per US$, period average (2025)
- Net migration -17,219 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Ecuador?
- Remittance inflows to gdp in Ecuador was 3.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Ecuador?
- The highest recorded value was 7.2% in 2000.
- What is the lowest remittance inflows to gdp recorded in Ecuador?
- The lowest recorded value was 0.0% in 1989.
- How does Ecuador rank for remittance inflows to gdp?
- Ecuador ranks 77th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Ecuador?
- Over the last ten years it is down 9.9%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.