Ecuador - Inflation, consumer prices (annual %) 1960 - 2022
Ecuador's inflation, consumer prices (annual %) is currently 3.47%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Ecuador's inflation, consumer prices (annual %) for 2022 was 3.466%, a 2,501.23% increase from 2021, with a +3 difference.
- In 2021 it was 0.133%, a 139.32% increase from 2020.
- In 2020 it was -0.339%, a -227.39% increase from 2019.
- In 2019 it was 0.266%, a 218.70% increase from 2018.
- In 2018 it was -0.224%, a -153.70% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Ecuador is currently 17.3489% (average of years with recorded data) with a lowest recorded value of -0.3389% in 2020 and a highest value of 96.0964% in 2000.
Ecuador's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 1.677% | |
| 1961 | 3.986% | 137.72% |
| 1962 | 2.871% | -27.97% |
| 1963 | 5.94% | 106.89% |
| 1964 | 4.034% | -32.08% |
| 1965 | 3.069% | -23.92% |
| 1966 | 5.454% | 77.70% |
| 1967 | 3.818% | -29.99% |
| 1968 | 4.318% | 13.08% |
| 1969 | 6.327% | 46.53% |
| 1970 | 5.171% | -18.26% |
| 1971 | 9.522% | 84.13% |
| 1972 | 7.525% | -20.97% |
| 1973 | 12.128% | 61.17% |
| 1974 | 22.704% | 87.20% |
| 1975 | 14.29% | -37.06% |
| 1976 | 10.175% | -28.80% |
| 1977 | 12.944% | 27.22% |
| 1978 | 13.098% | 1.19% |
| 1979 | 10.117% | -22.76% |
| 1980 | 11.909% | 17.71% |
| 1981 | 14.048% | 17.96% |
| 1982 | 16.284% | 15.92% |
| 1983 | 48.418% | 197.33% |
| 1984 | 31.22% | -35.52% |
| 1985 | 27.994% | -10.33% |
| 1986 | 23.03% | -17.73% |
| 1987 | 29.504% | 28.11% |
| 1988 | 58.216% | 97.32% |
| 1989 | 75.648% | 29.94% |
| 1990 | 48.519% | -35.86% |
| 1991 | 48.718% | 0.41% |
| 1992 | 54.608% | 12.09% |
| 1993 | 44.955% | -17.68% |
| 1994 | 27.311% | -39.25% |
| 1995 | 22.934% | -16.03% |
| 1996 | 24.411% | 6.44% |
| 1997 | 30.658% | 25.59% |
| 1998 | 36.098% | 17.75% |
| 1999 | 52.242% | 44.72% |
| 2000 | 96.096% | 83.94% |
| 2001 | 37.677% | -60.79% |
| 2002 | 12.484% | -66.87% |
| 2003 | 7.929% | -36.48% |
| 2004 | 2.743% | -65.40% |
| 2005 | 2.168% | -20.96% |
| 2006 | 3.299% | 52.14% |
| 2007 | 2.276% | -31.00% |
| 2008 | 8.4% | 269.04% |
| 2009 | 5.16% | -38.57% |
| 2010 | 3.554% | -31.12% |
| 2011 | 4.475% | 25.89% |
| 2012 | 5.102% | 14.02% |
| 2013 | 2.722% | -46.65% |
| 2014 | 3.589% | 31.87% |
| 2015 | 3.967% | 10.52% |
| 2016 | 1.728% | -56.43% |
| 2017 | 0.417% | -75.85% |
| 2018 | -0.224% | -153.70% |
| 2019 | 0.266% | 218.70% |
| 2020 | -0.339% | -227.39% |
| 2021 | 0.133% | 139.32% |
| 2022 | 3.466% | 2,501.23% |
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Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Ecuador comes in 25th with 3.466% inflation, consumer prices (annual %).
- Within the same region, Mexico comes in 15th with 7.896%, inflation, consumer prices (annual %).
- Antigua and Barbuda comes in 16th with 7.531%.
- El Salvador comes in 17th with 7.199%.
- Guatemala comes in 18th with 6.885%.
- St. Lucia comes in 19th with 6.378%.
- St. Vincent and the Grenadines comes in 20th with 5.66%.
- Bahamas, The comes in 21st with 5.605%.
- Guyana comes in 22nd with 5.033%.
- Aruba comes in 23rd with 4.257%.
- Barbados comes in 24th with 4.1%.
- Belize comes in 26th with 3.236%.
- Panama comes in 27th with 2.857%.
- St. Kitts and Nevis comes in 28th with 2.667%.
- Curacao comes in 29th with 2.622%.
- Sint Maarten (Dutch part) comes in 30th with 2.192%.
- Trinidad and Tobago comes in 31st with 2.059%.
- Bolivia comes in 32nd with 1.746%.
- Grenada comes in 33rd with 1.22%.
- Cayman Islands comes in 34th with -0.625%.
- And Dominica comes in 35th with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Ecuador comes in 42nd with 3.466% inflation, consumer prices (annual %).
- Within the same income group, Russian Federation comes in 32nd with 6.694%, inflation, consumer prices (annual %).
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- West Bank and Gaza comes in 48th with 1.237%.
- Grenada comes in 49th with 1.22%.
- Tuvalu comes in 50th with 0.501%.
- And Dominica comes in 51st with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |