The ratio of government expenditure to GDP in Ecuador was forecast to continuously decrease between 2024 and 2029 by in total 5.4 percentage points. According to this forecast, in 2029, the ratio will have decreased for the fifth consecutive year to 35.23 percent. Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
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IMF. (October 22, 2024). Ratio of government expenditure to GDP in Ecuador from 2007 to 2029 [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/
IMF. "Ratio of government expenditure to GDP in Ecuador from 2007 to 2029." Chart. October 22, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/
IMF. (2024). Ratio of government expenditure to GDP in Ecuador from 2007 to 2029. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/
IMF. "Ratio of Government Expenditure to Gdp in Ecuador from 2007 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/
IMF, Ratio of government expenditure to GDP in Ecuador from 2007 to 2029 Statista, https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/ (last visited November 26, 2024)
Ratio of government expenditure to GDP in Ecuador from 2007 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1392094/ratio-of-government-expenditure-to-gdp-ecuador/