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LatinNews Daily - 16 July 2025
In brief: Ecuador’s GDP grows in Q1
*Ecuador’s central bank (BCE) has announced that the country’s GDP grew by 3.4% in annual terms in the first quarter of 2025, following a 2.0% contraction in the final quarter of 2024. This was driven by a 7.1% increase in household consumption, a 6.7% rise in gross fixed capital formation (GFCF), a 2.7% rise in non-oil exports, and a 14.3% increase in imports. Year-on-year growth was recorded in 13 of the 20 sectors monitored by the BCE, including agriculture and forestry (+17.5%), fishing and aquiculture (+12.1%), manufactured food products (+8.6%), and finance and insurance (+8.4%). In quarterly terms, GDP grew by 3.5% compared with Q4 2024, when quarterly growth was 1.3%. This was driven by increased household consumption (+3.1%), GFCF (+4.1%), exports (+2.8%), government spending (+0.5%), and imports (+2.0%).
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