Ecuador's gross fixed capital formation, private sector (current LCU) was 18.61 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 67.52% from 11.11 billion in 2013 (5.29% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 18.61 billion | 2023 |
| Five years earlier | 15.52 billion | 2018 |
| Ten years earlier | 11.11 billion | 2013 |
| Highest | 18.61 billion | 2023 |
| Lowest | 126.65 million | 1965 |
| Average since 2014 | 14.28 billion | 2014–2023 |
| First recorded | 126.65 million |
What the numbers say
In 2023, Ecuador's gross fixed capital formation, private sector (current LCU) rose 1.8% on 2022 (from 18.28 billion to 18.61 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +10.1% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 62.1% in 1975 and the biggest yearly fall was 41.8% in 1999. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 820 million a year. A straight line explains 75% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Ecuador in the 2023 ranking
- India — 1st of 4: 80.37 trillion
- China — 2nd of 4: 43.34 trillion
- Dominican Republic — 3rd of 4: 1.74 trillion
What this measures
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 59 values
| Year | Gross fixed capital formation, private sector (current LCU) |
|---|---|
| 2023 | 18,611,292,000 |
| 2022 | 18,275,403,000 |
| 2021 | 15,322,865,000 |
| 2020 | 12,505,170,000 |
| 2019 | 15,938,036,000 |
| 2018 | 15,523,956,000 |
| 2017 | 13,079,327,100 |
| 2016 | 10,689,139,400 |
| 2015 | 11,962,038,400 |
| 2014 | 10,917,194,700 |
Gross fixed capital formation, private sector (current LCU) in nearby economies
- Chile — 76.24 trillion (2025)
- Costa Rica — 7.22 trillion (2025)
- Dominican Republic — 1.74 trillion (2023)
- El Salvador — 8.85 billion (2025)
- Guatemala — 144.11 billion (2025)
- Haiti — 463.8 billion (2025)
- Honduras — 203.88 billion (2025)
- Mexico — 6.77 trillion (2025)
- Nicaragua — 123.04 billion (2025)
More economic policy & debt data for Ecuador
- Total reserves, including gold (current US$) — US$9.8 billion (2025)
- Total reserves, excluding gold (current US$) — US$6.11 billion (2025)
- General government final consumption expenditure (current US$) — US$16.71 billion (2025)
- General government final consumption expenditure (current LCU) — 16.71 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$15.17 billion (2025)
- General government final consumption expenditure (constant LCU) — 16.24 billion (2025)
- General government final consumption expenditure (% of GDP) — 12.82% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$81.74 billion (2025)
Reading data like this
Questions people ask
- What is Ecuador's gross fixed capital formation, private sector (current LCU)?
- 18.61 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 14,595% from 126.65 million in 1965 (8.98% a year on average, compounded). The highest value was 18.61 billion in 2023 and the lowest 126.65 million in 1965.
- Is the latest change in gross fixed capital formation, private sector (current LCU) unusual for Ecuador?
- In 2023, Ecuador's gross fixed capital formation, private sector (current LCU) rose 1.8% on 2022 (from 18.28 billion to 18.61 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +10.1% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FPRV.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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