Ecuador and Guatemala
Ecuador and Guatemala maintain political consultations and a technical cooperation program. Security, human mobility and diplomatic training are recurring issues, alongside interest in expanding trade and investment and sharing experiences on tourism, climate change and institutional capacities.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
The fourth political consultations meeting was held in Guatemala City on 18 October 2024, chaired by Mónica Bolaños and Jaime Barberis.
What merchandise trade shows
In 2025, goods trade between Ecuador and Guatemala totalled 300.7 million current USD.
Documented trade sectors
Within the selected chapters, mineral fuels and oils stands out in shipments from Ecuador to Guatemala, at 38.3 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 300.7 M USD | 2025 · Comtrade |
| Goods: Ecuador to Guatemala | 208.18 M USD | 2025 · Comtrade |
| Goods: Guatemala to Ecuador | 92.52 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Ecuador to Guatemala | 0.56 % | 2025 · Comtrade |
| Export share: Guatemala to Ecuador | ||
| Investment stock: Ecuador in Guatemala | ||
| Investment stock: Guatemala in Ecuador |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter ECU. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Ecuador to Guatemala
- 2025 · UN Comtrade · Goods; full calendar year; reporter ECU. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Guatemala to Ecuador
- 2025 · UN Comtrade · Goods; full calendar year; reporter ECU. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Export share: Ecuador to Guatemala
- 2025 · UN Comtrade · Exports to the partner / worldwide exports by the same reporter; same year and coverage.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
| Indicator | Ecuador | Guatemala |
|---|---|---|
| Nominal GDP | 130.32 billion USD2025 · WB | 123.31 billion USD2025 · WB |
| GDP per capita | 7,125.28 USD2025 · WB | 6,598.18 USD2025 · WB |
| GDP growth | 3.73 %2025 · WB | 4.28 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 0.71 %Annual average · 2025 · WB | 1.49 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | ||
| Unemployment | 3.31 %ILO est.2025 · WB | 2.6 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -2.9 %IMF est.2025 · IMF | -1.9 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 54.4 %IMF est.2025 · IMF | 27.2 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 5.91 %2025 · WB | 2.89 %2024 · WB |
| Population | 18,289,8962025 · WB | 18,687,8812025 · WB |
| Area | 256,370 km²2023 · WB | 108,890 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDEcuador: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP per capita
- Current USD per personEcuador: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP growth
- Annual real change (%)Ecuador: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Ecuador: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency stated
- Unemployment
- % of the labour force; definition used by the stated institutionEcuador: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.
- Budget balance
- General government (% of GDP)Ecuador: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Guatemala: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Ecuador: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Guatemala: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPEcuador: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2024 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Population
- PeopleEcuador: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Area
- Total area in km²; territorial coverage of the sourceEcuador: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Ecuador to Guatemala
| Product or sector | Value / share |
|---|---|
| Mineral fuels and oils | 38.3 M USD2025 · Source |
| Electrical and electronic equipment | 9.8 M USD2025 · Source |
| Machinery and mechanical appliances | 1.8 M USD2025 · Source |
| Pharmaceutical products | 1.1 M USD2025 · Source |
| Vehicles and components | 0.0367 M USD2025 · Source |
Guatemala to Ecuador
How trade has changed
Millions of current USD · full calendar years
View chart figures
| Period | Total | Ecuador to Guatemala | Guatemala to Ecuador |
|---|---|---|---|
| 2021 | 127.8 | 56.4 | 71.3 |
| 2022 | 167.2 | 76.3 | 90.9 |
| 2023 | 271.6 | 164.9 | 106.7 |
| 2024 | 236.2 | 138.4 | 97.8 |
| 2025 | 300.7 | 208.2 | 92.5 |
Connections between people
They also discussed circular migration and orderly regional responses to mobility. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Ecuador living in Guatemala | ||
| Residents from Guatemala living in Ecuador | ||
| Study and training: Ecuador in Guatemala | ||
| Study and training: Guatemala in Ecuador | ||
| Academic stays: Ecuador in Guatemala | ||
| Academic stays: Guatemala in Ecuador | ||
| Travel: Ecuador to Guatemala | ||
| Travel: Guatemala to Ecuador |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Ecuador is 130.3 billion USD (2025), compared with 123.3 for Guatemala (2025). The reference populations are 18.29 and 18.69 million, respectively. In the same year, the economy of Ecuador was 1.06 times that of Guatemala in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [5] [6]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
The fourth political consultations meeting was held in Guatemala City on 18 October 2024, chaired by Mónica Bolaños and Jaime Barberis. They reviewed the Bilateral Cooperation Program 2023–2025 and proposed exchanges between the Galo Plaza Lasso and Antonio José de Irisarri diplomatic academies. [1]
Cooperation and bilateral issues
In trade, Ecuador identified IT services, construction materials and electrical equipment as areas of interest, while Guatemala expressed willingness to explore a trade agreement. They also discussed circular migration and orderly regional responses to mobility. On 23 May 2025, ministers John Reimberg and Francisco Jiménez met in Quito to discuss organized crime and operational and technical security cooperation. Trade and academic proposals should not be confused with concluded treaties. [1]
Political consultations
The October 2024 meeting addressed security, climate change, democracy, tourism and mobility. Both governments agreed to follow up on the cooperation program and explore trade and training instruments. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Ecuador and Guatemala) totalled 300.7 million current USD. Shipments from the first to the second were 208.2 million; those in the opposite direction, 92.5 million. The difference between the two flows was 115.7 million, in favour of Ecuador. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
The partner's share of exports
Sales from Ecuador to the partner represented 0.56% of its worldwide goods exports in 2025. The share compares the same reporter, year and coverage. It measures export concentration, not the percentage of GDP dependent on this relationship. A partner may be important in a specific sector even if its share of total goods trade is small. [2]
Five years of trade trends
The consistent series shows 127.8 million USD in 2021 and 300.7 million in 2025. The change between the two endpoints was +135.4 % in current dollars. The highest annual value in the period was recorded in 2025, at 300.7 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [3]
Documented trade sectors
Within the selected chapters, mineral fuels and oils stands out in shipments from Ecuador to Guatemala, at 38.3 million USD in 2025. Within the selected chapters, machinery and mechanical appliances stands out in shipments from Guatemala to Ecuador, at 10 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [4]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — ECU-GTM
www.cancilleria.gob.ec · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Trade series 2021–2025
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.