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El Mercurio reports 13,689 Ecuadorians obtained Spanish nationality in 2025. Ecuador led the country list for the fourth consecutive year, ahead of Venezuela, Morocco and Colombia.
The Banco Central del Ecuador raised its 2026 GDP growth projection to 2.5%, up 0.7 points from its September forecast. Inflation is expected at 1.8%, private credit to grow 10%, and the external account to post a $6.4 billion surplus. 2025 closed at 3.7% growth — so momentum is slowing.
Foreign Minister Gabriela Sommerfeld released Ecuador's 2025 foreign affairs report, highlighting 107 bilateral instruments signed, $343.9 million in non-reimbursable international cooperation, 529,685 online visa appointments, and a 97.98% budget execution rate. The headline policy win: more than 7,400 tariff lines going to 0% under the US trade deal.
Ecuador's economy is projected to grow approximately 2% in 2026 with inflation holding near 1.5%. Country risk stands at 460 basis points. Here is what the numbers mean for expats living on dollar-denominated income in a dollarized economy.