Ecuador: Services value added

The latest value from 2024 is 71.26 billion U.S. dollars, an increase from 71.02 billion U.S. dollars in 2023. In comparison, the world average is 456.90 billion U.S. dollars, based on data from 134 countries. Historically, the average for Ecuador from 1960 to 2024 is 19.97 billion U.S. dollars. The minimum value, 0.61 billion U.S. dollars, was reached in 1962 while the maximum of 71.26 billion U.S. dollars was recorded in 2024. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.