The budget balance in relation to the GDP in Ecuador was forecast to continuously increase between 2024 and 2029 by in total 2.9 percentage points. After the sixth consecutive increasing year, the budget balance is estimated to reach 0.9 percent and therefore a new peak in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Ecuador: Budget balance between 2019 to 2029 in relation to GDP
Characteristic
Budget balance in relation to GDP
2029*
0.9%
2028*
0.69%
2027*
-0.01%
2026*
-0.18%
2025*
-1.11%
2024*
-2%
2023
-3.55%
2022
0.04%
2021
-1.58%
2020
-7.38%
2019
-3.47%
Created with Highcharts 7.2.2Budget balance in relation to GDP-3.47%-3.47%-7.38%-7.38%-1.58%-1.58%0.04%0.04%-3.55%-3.55%-2%-2%-1.11%-1.11%-0.18%-0.18%-0.01%-0.01%0.69%0.69%0.9%0.9%201920202021202220232024*2025*2026*2027*2028*2029*
-8%-6%-4%-2%0%2%
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IMF. (October 22, 2024). Ecuador: Budget balance between 2019 to 2029 in relation to GDP [Graph]. In Statista. Retrieved February 13, 2025, from https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/
IMF. "Ecuador: Budget balance between 2019 to 2029 in relation to GDP." Chart. October 22, 2024. Statista. Accessed February 13, 2025. https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/
IMF. (2024). Ecuador: Budget balance between 2019 to 2029 in relation to GDP. Statista. Statista Inc.. Accessed: February 13, 2025. https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/
IMF. "Ecuador: Budget Balance between 2019 to 2029 in Relation to Gdp." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/
IMF, Ecuador: Budget balance between 2019 to 2029 in relation to GDP Statista, https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/ (last visited February 13, 2025)
Ecuador: Budget balance between 2019 to 2029 in relation to GDP [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/451282/ecuador-budget-balance-in-relation-to-gdp/
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