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Ecuador flag Ecuador Business Environment

Trade, commerce, and economic integration indicators

Overview

Business environment indicators for Ecuador, covering trade, commerce, foreign direct investment, corruption perceptions, and economic integration from the World Bank, OECD, IMF, and Transparency International.

Key Indicators

Domestic credit to private sector by banks (% of GDP)
54.6
2024 · Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Firms visited or required meetings with tax officials (% of firms)
19.5
2024 · Percentage of firms that were visited or inspected by tax officials or were required to meet with them over the last year.
Time to obtain an electrical connection (days)
50.1
2024 · Average wait, in days, experienced to obtain electrical connection from the day this establishment applied for it to the day it received the service.
Average time to clear exports through customs (days)
7.9
2024 · Average number of days to clear direct exports through customs.
Corruption Perceptions Index
32.0 /100
2024 · Transparency International CPI score (0-100, higher = less corrupt)

Data Explorer

Merchandise exports (current US$)
33670000000
2024 · World Bank
Firms competing against unregistered firms (% of firms)
67.72434235
2024 · World Bank
Merchandise trade (% of GDP)
50.6095497085777
2024 · World Bank
Average time to clear exports through customs (days)
7.920834064
2024 · World Bank
Firms using banks to finance investment (% of firms)
37.84175873
2024 · World Bank
Time spent dealing with the requirements of government regulations (% of senior management time)
10.19058895
2024 · World Bank
Trade in services (% of GDP)
8.05146963242736
2024 · World Bank
Food imports (% of merchandise imports)
12.2264908609577
2024 · World Bank
Informal payments to public officials (% of firms)
12.84390831
2024 · World Bank
Firms using banks to finance working capital (% of firms)
45.36472321
2024 · World Bank
Agricultural raw materials imports (% of merchandise imports)
0.669579303546273
2024 · World Bank
Domestic credit to private sector by banks (% of GDP)
54.6197673361624
2024 · World Bank
Import unit value index (2015 = 100)
129.1
2024 · World Bank
Firms visited or required meetings with tax officials (% of firms)
19.52246475
2024 · World Bank
Insurance and financial services (% of service exports, BoP)
1.78265514362295
2024 · World Bank
Firms expected to give gifts in meetings with tax officials (% of firms)
5.176092148
2024 · World Bank
Insurance and financial services (% of service imports, BoP)
12.7234233565125
2024 · World Bank
Number of visits or required meetings with tax officials (average for affected firms)
1.962981105
2024 · World Bank
Ores and metals exports (% of merchandise exports)
6.88594032491159
2024 · World Bank
Transport services (% of commercial service imports)
34.9058165482581
2024 · World Bank

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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