Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population 16.62 million16.39 million
    WDI
    		A.1.1
    Urban population (% of total) 63.67% of total63.53% of total
    WDI
    		A.1.4
    Urban population growth (annual %) 1.67%1.69%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)107,266 USD (millions)104,296 USD (millions)99,938 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)199,720 USD (millions)193,048 USD (millions)185,064 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)6,301.07 USD 6,216.61 USD 6,046.3 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)11,732.07 USD 11,506.75 USD 11,196.5 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)1.11%2.37%-1.23%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change).68%-.2%1.12%
    WEO
    		A.2.6
    GDP, deflator (Index)149.52146.99144.18
    WEO
    		A.2.7
    Consumer price index  121.48
    WDI
    		A.2.8
    GINI Index  45
    WDI
    		A.2.9
    Urban minimum wages per month in USD386 USD 375 USD 366 USD A.2.12
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Central bank lending/discount rate8.69%7.83%8.1%
    IFS
    		A.2.15.1
    Average bank deposit rate  4.38%
    IFS
    		A.2.15.4
    Lending rate  14.93%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    Total  3.75 million
    INEC
    		B.1.1.1
    Total Urban  2.39 million
    INEC
    		B.1.1.2
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  58.96% of total
    INEC
    		B.1.4.1
    % of owner units with a mortgage  7.9% of total
    INEC
    		B.1.4.2
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered 59,757 units58,675 units
    INEC
    		B.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
    Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
    Notes: Superintendencia de Bancos de Ecuador (SBE)
    Notes: Superintendencia de Bancos de Ecuador (SBE)
    Notes: Superintendencia de Bancos de Ecuador (SBE)
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
    Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.