Ecuador - Industry, value added (constant LCU)

The value for Industry, value added (constant LCU) in Ecuador was 21,613,170,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 24,227,550,000 in 2014 and a minimum value of 2,106,860,000 in 1960.

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 constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 2,106,860,000
1961 2,275,881,000
1962 2,288,169,000
1963 2,406,871,000
1964 2,758,565,000
1965 3,049,445,000
1966 2,983,981,000
1967 3,243,013,000
1968 3,279,094,000
1969 3,480,732,000
1970 3,768,271,000
1971 4,400,119,000
1972 4,853,386,000
1973 6,291,452,000
1974 6,759,604,000
1975 7,409,149,000
1976 8,021,660,000
1977 7,779,897,000
1978 8,394,652,000
1979 8,479,164,000
1980 8,286,750,000
1981 8,350,136,000
1982 8,327,630,000
1983 8,579,264,000
1984 8,850,601,000
1985 9,257,076,000
1986 9,611,242,000
1987 8,874,794,000
1988 10,030,910,000
1989 9,994,606,000
1990 10,216,140,000
1991 10,451,530,000
1992 10,657,820,000
1993 11,064,320,000
1994 11,861,490,000
1995 11,820,520,000
1996 11,629,340,000
1997 11,832,950,000
1998 11,887,250,000
1999 11,131,450,000
2000 12,351,040,000
2001 13,111,940,000
2002 13,708,840,000
2003 14,082,920,000
2004 16,225,410,000
2005 16,943,570,000
2006 17,723,850,000
2007 17,576,330,000
2008 18,746,580,000
2009 18,713,890,000
2010 19,294,060,000
2011 21,023,500,000
2012 22,396,600,000
2013 23,376,180,000
2014 24,227,550,000
2015 24,108,170,000
2016 23,744,470,000
2017 23,751,180,000
2018 23,512,300,000
2019 23,550,610,000
2020 21,613,170,000

Base Period: varies by country

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts