Breaking news, politics, economy, visas, safety, and lifestyle updates for expats living in Ecuador.
Ecuador's strategic Mazar reservoir is sitting at ~2,137 m.s.n.m. — about 61% of stored energy capacity, and 23–28 meters above the same period in 2024. Energy Minister Inés Manzano declared "tenemos agua." Hydroelectric is currently delivering 72.3% of national output. Here's the supply-side picture as the heat wave continues.
Starting June 1, 2026, Ecuador's tax authority requires VAT declarations to be filed and paid in a single transaction. Partial payments — even with credit notes — invalidate the declaration. If you run a business, rental property, or freelance income through SRI, this is a meaningful workflow change. Here's what's required.
Bilateral trade between Ecuador and Colombia fell 44% year-over-year in February 2026, the first month of the tariff war — to just $124.9 million. Ecuadorian imports from Colombia dropped 66%. Exports fell 20%. Pharma imports collapsed 34%, industrial chemicals 48%, and Rumichaca's transport hub has ground to a halt.
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.
Ecuador's tax authority SRI reported $267.2 billion in reported sales for 2025, a 9% increase over 2024, alongside $21.5 billion in tax collection (+6.8%). The online portal pulled in 167 million visits and 3.5 million access-credential transactions. Mobile service brigades jumped 226%.
The National Assembly approved a law making financial education mandatory across all levels of Ecuador's education system, from early childhood to university. The curriculum will cover electronic fraud prevention, safe digital platform use, and AI literacy. Revolución Ciudadana voted against despite one legislator calling it 'objective and technical.'
A 16-person fuel trafficking ring operating across six provinces since October 2024 has been dismantled. Three active-duty military members, five police officers, and eight civilians were detained. A judge has ordered preventive detention for 15 of them on charges tied to hydrocarbon diversion and support for criminal organizations.
Environment and Energy Minister Inés Manzano announced leadership changes at both CNEL (the national distribution utility) and CENACE (the grid operator) this week after widespread blackouts and what she called 'slow and inefficient' responses. Juan Carlos Blum — a mechanical engineer with a background in multilateral energy work — is the new CNEL general manager.
The National Assembly approved Ecuador's trade agreement with South Korea on April 14, a 23-chapter deal that could boost Ecuadorian exports by roughly $367 million over five years. 98.8% of Ecuador's exportable goods enter South Korea at zero tariff immediately under the agreement. Shrimp is the headline beneficiary. The deal still needs presidential ratification.
New numbers from Colombia's DIAN show Colombian exports to Ecuador fell 27% in January–February 2026 as Ecuador's security-tariff regime ramped up. Between February and March, the fall steepened to 57%. Ecuador's tariff escalates again on May 1 — from 50% to 100%. Here's the picture and what it means for consumer prices.
Ecuador's April 12 fuel adjustment raised Extra and Ecopaís gasoline by 4.6%, diesel by 4.7%, and Súper by 26% — from $3.62 to $4.57 per gallon. Transport associations are planning a march in Quito and warning that costs will be passed through to importers, exporters, and ultimately consumers. Here's the breakdown.
At a high-level meeting in Quito, Ecuador formally asked Paraguay to classify Los Choneros, Los Lobos, Los Tiguerones, Chone Killers, and Latin Kings as terrorist organizations. Paraguay's response was non-conclusive. A Paraguayan presidential visit is scheduled for July, with a follow-up coordination meeting in Asunción on September 2.
