General Government Revenue for Ecuador
ECUGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.78
Year-over-Year Change
-11.54%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for Ecuador metric measures the total revenue collected by the Ecuadorian government, including taxes, social contributions, and other revenue sources. This indicator is important for assessing the fiscal health and policy environment of the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
General government revenue represents the income collected by all levels of government in Ecuador, including the central government, regional governments, and local authorities. It is a key statistic used by economists and policymakers to analyze the country's public finance dynamics and fiscal sustainability.
Methodology
The data is collected and reported by the Ecuadorian Ministry of Finance.
Historical Context
General government revenue figures are widely tracked by international institutions, investors, and analysts to gauge Ecuador's economic and political stability.
Key Facts
- Ecuador's general government revenue was 37.1% of GDP in 2021.
- Tax revenue accounts for over 60% of Ecuador's total government revenue.
- Government revenue has fluctuated significantly in Ecuador due to oil price volatility.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for Ecuador metric measures the total revenue collected by the Ecuadorian government from various sources, including taxes, social contributions, and other revenue.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the fiscal health and policy environment of Ecuador, as government revenue is a key indicator of the country's ability to fund public services and manage its debt.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Ecuadorian Ministry of Finance.
Q: How is this trend used in economic policy?
A: General government revenue figures are widely tracked by international institutions, investors, and analysts to gauge Ecuador's economic and political stability, and to inform decisions about investment, lending, and policy recommendations.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, General Government Revenue for Ecuador (ECUGGRGDP), retrieved from FRED.