Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population16.14 million15.9 million15.66 million
WDI
A.1.1
Urban population (% of total)63.74% of total63.52% of total63.3% of total
WDI
A.1.4
Urban population growth (annual %)1.86%1.87%1.89%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)98,828 USD (millions)100,917 USD (millions)94,776 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)183,358 USD (millions)181,504 USD (millions)172,240 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)6,070.95 USD 6,296.53 USD 6,008.09 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)11,263.59 USD 11,324.55 USD 10,918.74 USD
WEO
A.2.4
GDP, constant prices (Percent change).02%3.68%4.55%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.39%3.67%2.7%
WEO
A.2.6
GDP, deflator (Index)141.63144.65140.84
WEO
A.2.7
Consumer price index121.48116.84112.81
WDI
A.2.8
GINI Index 45.3847.29
WDI
A.2.9
Urban minimum wages per month in USD354 USD 340 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 rate9.12%8.19%8.17%
IFS
A.2.15.1
Average bank deposit rate4.38%4.03%3.89%
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 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar 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


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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: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
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.