Between January and April 2025, 12 out of Ecuador’s 16 main economic sectors experienced an increase in sales, reaching a total of USD 77.349 billion. This represents an 8.1% rise compared to the same period in 2024. The commerce, agriculture, and manufacturing sectors were the primary drivers of this growth, which contributed to national economic activity and tax revenue.
According to updated figures that reflect daily taxpayer declarations, total exports from January to April 2025 grew by 15.1%, totaling USD 12.457 billion. Non-oil exports played a significant role, rising by 25% to reach USD 10.046 billion.
Damián Larco, General Director of the Servicio de Rentas Internas (SRI), stated: “Tax collection also showed a positive performance. By May 2025, USD 9.257 billion had been collected, equivalent to 108.1% of the target set for this year and with a growth of 5.9% compared to the same period last year.”
However, tax revenue for May showed a slight decrease compared to May of the previous year. In May 2025, USD 1.639 billion was collected versus USD 1.760 billion in May 2024. This reduction is attributed to the elimination of the Bank and Cooperative Contribution, which had provided USD 184 million in May 2024.
Among the main taxes collected by SRI during this period:
– Value Added Tax (IVA): From January to May 2025, collections totaled USD 4.432 billion; in May alone, IVA collections were USD 883 million.
– Income Tax (IR): Up until May, collections reached USD 3.152 billion; for just May, IR collections were USD 544 million.
– Currency Outflow Tax (ISD): Total ISD collected up until May was USD 499 million; for May alone it was USD 91 million.
Officials noted that continued positive performance across most economic sectors is providing strong support for sustained national economic growth.
Official data can be accessed at www.sri.gob.ec.
