Real Effective Exchange Rate in Ecuador
Ecuador: Real Effective Exchange Rate was 113.55 in 2024. ▲ Rising
Real Effective Exchange Rate in Ecuador, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for real effective exchange rate in Ecuador is 113.55, measured in 2024.
That represents a change of down 0.5% on the previous year and up 8.3% over ten years.
Over the whole period, real effective exchange rate in Ecuador peaked at 121.24 in 2016 and was at its lowest, 70.85, in 2000.
Ecuador ranks 23rd of 107 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 106.2 | — |
| 1995 | 102.25 | -3.7% |
| 1996 | 101.66 | -0.6% |
| 1997 | 104.9 | +3.2% |
| 1998 | 106.62 | +1.6% |
| 1999 | 79.61 | -25.3% |
| 2000 | 70.85 | -11.0% |
| 2001 | 98.17 | +38.6% |
| 2002 | 113.44 | +15.6% |
| 2003 | 117.88 | +3.9% |
| 2004 | 112.48 | -4.6% |
| 2005 | 105.87 | -5.9% |
| 2006 | 104.16 | -1.6% |
| 2007 | 97.1 | -6.8% |
| 2008 | 95.13 | -2.0% |
| 2009 | 101.33 | +6.5% |
| 2010 | 100.01 | -1.3% |
| 2011 | 97.11 | -2.9% |
| 2012 | 100.29 | +3.3% |
| 2013 | 101.38 | +1.1% |
| 2014 | 104.86 | +3.4% |
| 2015 | 118.14 | +12.7% |
| 2016 | 121.24 | +2.6% |
| 2017 | 117.65 | -3.0% |
| 2018 | 114.39 | -2.8% |
| 2019 | 116.7 | +2.0% |
| 2020 | 118.23 | +1.3% |
| 2021 | 112.55 | -4.8% |
| 2022 | 115.65 | +2.8% |
| 2023 | 114.1 | -1.3% |
| 2024 | 113.55 | -0.5% |
Ecuador compared with similar countries
- Ecuador's 113.55 is above the median for upper middle income countries, which is 101.79, 1.1× the median. (32 countries reporting)
- Ecuador's 113.55 is above the median for Latin America & Caribbean, which is 104.5, 1.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Real Effective Exchange Rate in Ecuador changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +38.6% | 70.85 | 98.17 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 100.21 | 79.61 | 106.62 | 6 |
| 2000s | 101.64 | 70.85 | 117.88 | 10 |
| 2010s | 109.18 | 97.11 | 121.24 | 10 |
| 2020s | 114.82 | 112.55 | 118.23 | 5 |
Countries ranked near Ecuador
More reference data data for Ecuador
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9379 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.74 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1826 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.74 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.14 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.18 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 13.63 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 23.57 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.9943 (2050)
Frequently asked questions
- What is real effective exchange rate in Ecuador?
- Real effective exchange rate in Ecuador was 113.55 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Ecuador?
- The highest recorded value was 121.24 in 2016.
- What is the lowest real effective exchange rate recorded in Ecuador?
- The lowest recorded value was 70.85 in 2000.
- How does Ecuador rank for real effective exchange rate?
- Ecuador ranks 23rd out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Ecuador?
- Over the last ten years it is up 8.3%. The long-run trend across the full record is rising.
- Where does this Ecuador data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.