Sales in Ecuador reached USD 98.146 billion by May 2025, marking an 8.2% increase compared to the same period in 2024, according to recent data. The sectors showing the most significant growth include commerce, manufacturing, and agriculture.
In May alone, sales totaled USD 20.465 billion, a rise of 6.9% from May 2024’s figure of USD 19.139 billion. These numbers are updated daily as taxpayers submit their declarations.
This economic activity has positively affected tax revenue collected by the Servicio de Rentas Internas (SRI). By June 2025, tax collections reached USD 10.857 billion, which is a 5.6% increase—or USD 573 million more—compared to the same period last year when collections stood at USD 10.284 billion. This represents a fulfillment of 100.7% of the cumulative target for June.
Damián Larco, director general of SRI, noted: “Only in June 2025 were USD 1.599 billion collected, which is a 4% increase over what was recorded in June 2024 and equals an additional USD 61 million.”
Regarding specific taxes managed by SRI between January and June this year, Value Added Tax (IVA) generated USD 5.311 billion in revenue.
Income Tax (IR) collection up to June totaled USD 3.623 billion.
The Exit Tax on Foreign Currency (ISD) brought in another USD 615 million through June.
Larco stated: “Ecuador records favorable economic and fiscal performance in the first half of 2025, driven mainly by two pillars: economic reactivation and intensified tax controls; these have allowed us to achieve positive results reflecting the effectiveness of fiscal policies and strategies implemented by the National Government to ensure liquidity for state coffers and consolidate fiscal sustainability for the benefit of all Ecuadorians.”
