[REVISION HISTORY]

Ecuador and Peru economic developments

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2026-09-09 21:32 UTC → 2026-09-11 11:26 UTC · added ~~removed~~

The economic landscape in Ecuador and Peru has shown diverse developments throughout 2026, characterized by growth in specific sectors alongside challenges in financial regulation and digital adoption. In Ecuador, the digital economy is seeing expansion through the live streaming industry, highlighted by the Live Master International 2026 summit in Guayaquil. While electronic payment methods represented 97% of authorized services by the end of 2025, cash remains a significant preference for many citizens. Micro-enterprises continue to be a dominant force, accounting for 93% of all active businesses in 2025. Bilateral trade between Ecuador and Peru increased by 33.5% in the first half of 2026, reaching USD 1,226.7 million. Recent data indicates significant growth in Ecuador’s retail and import sectors. Christmas-related imports reached $4.03 million CIF between January and July 2026, and retail sales saw a 19.1% increase in August 2026. In the second quarter of 2026, Ecuador recorded record-breaking exports. The petroleum sector saw growth driven by international crude prices averaging $87.1 per barrel, a 51.9% increase over the previous year, which helped offset a 9.8% decline in export volume. In the non-oil sector, shrimp exports reached a record $2,554.4 million, up 7.9% from Q2 2025, driven by demand from China and the United States. However, cocoa and processed products declined by 54.9% due to price corrections. ~~Total imports reached a quarterly record~~ In September 2026, data from Ecuador’s Statistical Registry of ~~$9,407.2 million, a 23.2% year-on-year increase, largely due to a 71.4% rise in fuel~~ Companies (REEM) via INEC revealed that the country’s business sector, comprising 1,204,276 companies, supports 2.98 million registered jobs and ~~lubricant purchases. While Ecuador maintained~~ generates a ~~trade surplus~~ total wage mass of ~~$769.8 million, this was a 59% decrease compared~~ USD 27,533 million. Additionally, the platform Ecuanomía has emerged to transform complex datasets from public and international institutions into accessible narratives to help the ~~same period~~ public understand national economic trends. Earlier in ~~2025 as import growth outpaced exports. In September 2026,~~ the month, President Daniel Noboa announced fuel price reductions effective September 12.

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