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Imports of Services (BoP, USD) rose 64.9% to USD 4.59 bil in Ecuador in 2021

Imports of Services (BoP, USD) (USD bil), 2021
Economy | Ecuador | February 1, 2023
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Imports of services as a part of balance of payment rose 64.9% to USD 4.59 bil in Ecuador in 2021, according to the National Statistical Office.

Historically, imports of services as a part of balance of payment in Ecuador reached an all time high of USD 4.59 bil in 2021 and an all time low of USD 0.268 bil in 1976. When compared to Ecuador's main peers, imports of services as a part of balance of payment in Brazil amounted to USD 50.3 bil, USD 14.1 bil in Colombia, USD 4.26 bil in Panama and USD 10.3 bil in Peru in 2021.

Ecuador has been ranked 77th within the group of 140 countries we follow in terms of imports of services as a part of balance of payment, 6 places above the position seen 10 years ago.

Imports of Services (BoP, USD) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Bolivia USD bil 2.84 2.86 3.08 3.09 2.87
Brazil USD bil 70.8 63.9 72.8 71.4 69.8
Chile USD bil 14.1 14.1 14.8 16.6 16.5
Colombia USD bil 14.0 13.0 14.0 14.9 15.0
Costa Rica USD bil 3.08 3.43 3.84 4.21 4.61
Ecuador USD bil 3.20 3.65 3.73 3.94 4.14
Honduras USD bil 1.67 1.74 2.07 2.32 2.42
Nicaragua USD bil 1.02 1.00 1.03 0.953 0.855
Panama USD bil 4.82 4.78 4.67 4.94 5.35
Peru USD bil 8.33 8.44 8.86 9.76 10.7
Venezuela USD bil 13.8 9.47 ... ... ... ... ...