Ecuador: Share of industry

* indicates monthly or quarterly data series
 Ecuador

Value added by industry as percent of GDP

 Latest value 26.86
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 28.47
 Min - Max 21.67 - 38.92
 Source The World Bank
The latest value from 2023 is 26.86 percent, a decline from 29.21 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Ecuador from 1960 to 2023 is 28.47 percent. The minimum value, 21.67 percent, was reached in 1961 while the maximum of 38.92 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Ecuador - Share of industry - Recent values chart

Historical series
Ecuador - Share of industry - historical chart - 1960-2023




The importance of industry in the economy of Ecuador and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 26.86 2023 percent
 Share of manufacturing 12.45 2023 percent
 Share of services 59.72 2023 percent
 Industry value added 31.92 2023 billion U.S. dollars
 Manufacturing value added 14.79 2023 billion U.S. dollars
 Services value added 70.98 2023 billion U.S. dollars
 Savings, percent of GDP 23.50 2023 percent
 Savings, in dollars 27.92 2023 billion U.S. dollars
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