Goldman Sachs
May 21, 2026
Ecuador Economy Q1 Performance
Market ReportMacro Economic IndicatorsEnergyOther
Ecuador's economy grew by 1.2% qoq in Q1 2026, supported by robust non-oil sector expansion despite a slight monthly dip in March activity.
Key Takeaways
- 1.The Ecuadorian economy showed a robust performance in Q1 2026, with real economic activity expanding by 1.2% qoq sa.
- 2.Real GDP increased 1.6% yoy sa in March, primarily driven by a 1.9% expansion in non-oil activity.
- 3.Goldman Sachs maintains a 2.5% growth forecast for 2026, noting balanced risks from higher oil prices vs. potential power outages.
Table of Contents
- KEY NUMBERS (March)
- DETAILS
- Disclosure Appendix
- Reg AC
- Disclosures
- Global product; distributing entities
- General disclosures
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Authors
Sergio Armella
Themes
Economic Resilience in Non-Oil SectorsClimate Risks to Emerging Market Growth
Regions
Latin AmericaEcuador
