Services, Credit/Revenue in Ecuador
Ecuador: Services, Credit/Revenue was 3.86 billion in 2024. ▲ Rising
Services, Credit/Revenue in Ecuador, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, credit/revenue in Ecuador is 3.86 billion, measured in 2024.
The figure is down 10.9% on the previous year and up 64.3% over ten years.
Over the whole period, services, credit/revenue in Ecuador peaked at 4.34 billion in 2023 and was at its lowest, 1.02 billion, in 2005.
That places Ecuador 102nd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.02 billion | — |
| 2006 | 1.04 billion | +2.4% |
| 2007 | 1.21 billion | +15.7% |
| 2008 | 1.45 billion | +20.0% |
| 2009 | 1.34 billion | -7.3% |
| 2010 | 1.48 billion | +10.1% |
| 2011 | 1.59 billion | +7.8% |
| 2012 | 1.81 billion | +13.6% |
| 2013 | 2.05 billion | +13.1% |
| 2014 | 2.35 billion | +14.9% |
| 2015 | 2.40 billion | +1.9% |
| 2016 | 2.76 billion | +15.3% |
| 2017 | 2.99 billion | +8.1% |
| 2018 | 3.33 billion | +11.6% |
| 2019 | 3.37 billion | +1.2% |
| 2020 | 2.03 billion | -39.7% |
| 2021 | 2.42 billion | +19.1% |
| 2022 | 3.67 billion | +51.6% |
| 2023 | 4.34 billion | +18.3% |
| 2024 | 3.86 billion | -10.9% |
Ecuador compared with similar countries
- Ecuador's 3.86 billion is below the median for upper middle income countries, which is 5.14 billion, 75% of the median. (54 countries reporting)
- Ecuador's 3.86 billion is above the median for Latin America & Caribbean, which is 2.65 billion, 1.5× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.21 billion | 1.02 billion | 1.45 billion | 5 |
| 2010s | 2.41 billion | 1.48 billion | 3.37 billion | 10 |
| 2020s | 3.26 billion | 2.03 billion | 4.34 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, credit/revenue in Ecuador?
- Services, credit/revenue in Ecuador was 3.86 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Ecuador?
- The highest recorded value was 4.34 billion in 2023.
- What is the lowest services, credit/revenue recorded in Ecuador?
- The lowest recorded value was 1.02 billion in 2005.
- How does Ecuador rank for services, credit/revenue?
- Ecuador ranks 102nd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Ecuador?
- Over the last ten years it is up 64.3%. The long-run trend across the full record is rising.
- Where does this Ecuador data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.