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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

Transport services (% of commercial service exports)
41.7035747807909
2024 · World Bank
Insurance and financial services (% of commercial service imports)
12.9154651203028
2024 · World Bank
Travel services (% of commercial service imports)
24.2912938376727
2024 · World Bank
Merchandise imports (current US$)
29428000000
2024 · World Bank
Manufactures imports (% of merchandise imports)
59.1832240464073
2024 · World Bank
Domestic credit to private sector by banks (% of GDP)
54.6197673361624
2024 · World Bank
Firms visited or required meetings with tax officials (% of firms)
19.52246475
2024 · World Bank
Firms offering formal training (% of firms)
54.56394196
2024 · World Bank
Value lost due to electrical outages (% of sales for affected firms)
0
2024 · World Bank
Firms formally registered when operations started (% of firms)
75.83699799
2024 · World Bank
Firms competing against unregistered firms (% of firms)
67.72434235
2024 · World Bank
Bribery incidence (% of firms experiencing at least one bribe payment request)
14.39919949
2024 · World Bank
Informal payments to public officials (% of firms)
12.84390831
2024 · World Bank
Domestic credit to private sector (% of GDP)
56.1805159157774
2024 · World Bank
Average time to clear exports through customs (days)
7.920834064
2024 · World Bank
Ores and metals imports (% of merchandise imports)
1.12092846419299
2024 · World Bank
Commercial service imports (current US$)
6083688401.5956
2024 · World Bank
Manufactures exports (% of merchandise exports)
4.89030157469331
2024 · World Bank
Insurance and financial services (% of service exports, BoP)
1.78265514362295
2024 · World Bank
Travel services (% of commercial service exports)
47.4561409602944
2024 · World Bank

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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