The Ecuadorian government announced on March 25 that the country’s economy grew by 3.7% in 2025, exceeding projections from international organizations such as the International Monetary Fund, World Bank, and Economic Commission for Latin America and the Caribbean, which had forecasted a growth rate of 3.2% for Ecuador.
Officials said this higher-than-expected growth was mainly driven by an increase in exports—up by 6.4%—and gross fixed capital formation (investment), which rose by 5.6%. The government attributed these results to policies focused on boosting sectors that drive and energize the national economy.
According to the statement, non-oil exports reached record levels during this period with products like shrimp, cocoa, bananas, and canned fish contributing significantly. Non-oil gross value added increased by 4.6%, further supporting what officials described as a historic productive reactivation across Ecuador.
Sixteen industries experienced positive development in 2025. Notable increases were seen in electricity and water supply (13%), fishing and aquaculture (10%), financial and insurance activities (9.8%), agriculture, livestock and forestry (8.6%), as well as food manufacturing (8.5%).
Looking ahead to early data from January of this year, the Monthly Economic Activity Indicator for Ecuador showed a year-on-year increase of 2.2%. This was led by strong performance in manufacturing (7.2%), oil and mining (6.1%), services (2.9%), commerce (2.7%) and construction (1%). Growth was also sustained within the non-oil sector of the economy with a year-on-year variation of 2.6%.
The government said these figures inspire confidence within Ecuador while demonstrating its ongoing commitment to solid economic growth aimed at improving citizen welfare through investment and job creation.
