Ecuador’s Ministry of Economy and Finance has reported positive economic results for 2025, highlighting growth across several sectors and improvements in key indicators. According to official figures, the country experienced increased economic activity that benefited both the population and national development.
The government emphasized a shift away from reliance on oil exports. From January to October 2025, non-oil exports grew by 19.7% compared to the same period in 2024. This contributed to a 48.2% increase in the non-oil trade balance. Productive imports, particularly capital goods and raw materials, also rose by 19.0% and 15.4%, respectively.
Economic growth is projected at 3.8% for the end of 2025, with positive performance expected in 18 out of 20 industries. Key drivers include commerce, agriculture, livestock, forestry, and food manufacturing.
As part of its long-term vision, the government initiated technical working groups in late 2025 under the Ecuador Growth Agenda toward 2040. These groups focus on prioritized sectors such as tourism, mining, hydrocarbons, electricity, agriculture, agroindustry, and manufacturing. Participants include private sector representatives, academia, multilateral organizations, and public officials.
Employment indicators showed improvement over the year. The rate of adequate employment increased from 33.69% in November 2024 to 36.32% in November 2025 while underemployment fell from 22.71% to 18.73%.
Inflation remained low and stable relative to other countries in the region; annual inflation was recorded at 1.05% in November 2025 compared to 1.51% a year earlier.
Domestic sales also saw an increase: between January and October local sales grew by 8.6%, rising from USD $164.3 billion to USD $178.5 billion.
International confidence strengthened as Ecuador’s country risk rating dropped significantly—from 1,908 points on April 10 (before the second round of elections) to 498 points on December 24.
Dollarization was reinforced with international reserves reaching historic levels—up by more than forty percent year-on-year—standing at USD $9.8 billion as of December compared with USD $6.9 billion a year earlier.
Private bank deposits increased by fifteen percent over twelve months to USD $59.3 billion by November; private bank lending rose by nearly thirteen percent annually as well.
Productive credit—loans aimed at business activities—increased from USD $20 billion to nearly USD $24 billion (a rise of nineteen percent), while reference interest rates fell from over ten percent at the end of last year to just under eight percent this December.
The government also advanced environmental policy initiatives during the year by presenting a roadmap for developing Ecuador’s Green Taxonomy—a classification system for environmentally sustainable economic activities intended to facilitate both domestic and international financing for climate-resilient programs.
“These data demonstrate that Ecuador has advanced its economy to substantially improve living conditions for its population,” stated officials from President Daniel Noboa’s administration.“For this reason, President Daniel Noboa’s government will continue working towards achieving this important objective.”
