Services balance (credit less debit), Net (credits less debits) (US) in Ecuador
Ecuador: Services balance (credit less debit), Net (credits less debits) (US) was -2.31 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Ecuador, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Ecuador is -2.31 billion, measured in 2024.
Compared with earlier readings it is down 27.9% on the previous year and down 97.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Ecuador peaked at -805.25 million in 2015 and was at its lowest, -2.49 billion, in 2022.
Ecuador ranks 155th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.13 billion | — |
| 2006 | -1.30 billion | +15.5% |
| 2007 | -1.37 billion | +5.1% |
| 2008 | -1.57 billion | +14.6% |
| 2009 | -1.28 billion | -18.4% |
| 2010 | -1.52 billion | +18.8% |
| 2011 | -1.56 billion | +2.6% |
| 2012 | -1.39 billion | -10.8% |
| 2013 | -1.42 billion | +1.8% |
| 2014 | -1.17 billion | -17.5% |
| 2015 | -805.25 million | -31.2% |
| 2016 | -1.11 billion | +37.9% |
| 2017 | -917.78 million | -17.4% |
| 2018 | -985.04 million | +7.3% |
| 2019 | -1.16 billion | +17.3% |
| 2020 | -1.14 billion | -1.5% |
| 2021 | -2.08 billion | +82.5% |
| 2022 | -2.49 billion | +19.8% |
| 2023 | -1.81 billion | -27.4% |
| 2024 | -2.31 billion | +27.9% |
Ecuador compared with similar countries
- Ecuador's -2.31 billion is below the median for upper middle income countries, which is 5.85 million. (54 countries reporting)
- Ecuador's -2.31 billion is below the median for Latin America & Caribbean, which is 169.67 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.33 billion | -1.57 billion | -1.13 billion | 5 |
| 2010s | -1.20 billion | -1.56 billion | -805.25 million | 10 |
| 2020s | -1.96 billion | -2.49 billion | -1.14 billion | 5 |
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 services balance (credit less debit), net (credits less debits) in Ecuador?
- Services balance (credit less debit), net (credits less debits) in Ecuador was -2.31 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Ecuador?
- The highest recorded value was -805.25 million in 2015.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Ecuador?
- The lowest recorded value was -2.49 billion in 2022.
- How does Ecuador rank for services balance (credit less debit), net (credits less debits)?
- Ecuador ranks 155th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Ecuador?
- Over the last ten years it is down 97.3%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.