Ecuador: Industry value added

* indicates monthly or quarterly data series
 Ecuador

Industry value added, billion USD

 Latest value 31.92
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 10.63
 Min - Max 0.33 - 36.68
 Source The World Bank
The latest value from 2023 is 31.92 billion U.S. dollars, a decline from 34.06 billion U.S. dollars in 2022. In comparison, the world average is 132.74 billion U.S. dollars, based on data from 152 countries. Historically, the average for Ecuador from 1960 to 2023 is 10.63 billion U.S. dollars. The minimum value, 0.33 billion U.S. dollars, was reached in 1962 while the maximum of 36.68 billion U.S. dollars was recorded in 2014. 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 - Industry value added - Recent values chart

Historical series
Ecuador - Industry value added - historical chart - 1960-2023




Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3. Data are in current U.S. dollars.

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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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