Ecuador Key Figures
- Population:
- 18.0 million
- GDP growth rate:
- 2.95 %/year
- Energy independence:
- 100%
Data of the last year available: 2022
- Total consumption/GDP:*
- 90.6 (2005=100)
- CO2 Emissions:
- 2.09 tCO2/capita
- Rate of T&D power losses:
- 15.1%
* at purchasing power parity
View all macro and energy indicators in the Ecuador energy report
Ecuador Energy News
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Ecuador Energy Research
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Ecuador Total Energy Consumption
Per capita energy consumption is around 0.86 toe, a level 34% below the South American average (2022). Per capita electricity consumption is approximately 1 500 kWh.
Energy consumption rose by 5% in 2022 (15.4 Mtoe), after falling by 12% in 2020 and rebounding by 9% in 2021. Previously, it had been roughly stable from 2014 to 2019 as a result of low economic growth, after a rapid increase between 2009 and 2014 (around 5%/year).
Oil supplies 81% of the country's total energy consumption, hydroelectricity 14%, biomass 3%, and gas 2% (2022).
Interactive Chart Ecuador Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Ecuador energy report
Ecuador Crude Oil Production
Oil production increased to 25.3 Mt in 2022 (+1.6%), after a decrease between 2014 and 2021 (2.3%/year). Previously, it increased by 3%/year between 2009 and 2014, following the inauguration of the Panacocha field. Production comes from the east of the country in the Amazon region, with the most productive fields being Shushufindi, Sacha, Auca, and ITT, with productions between 51 and 72 kb/d.
The country exported 78% of its production in 2022. The largest share goes to the United States (40%), followed by Panama (38%) and Chile (9%). Most of the oil is exported by Petroecuador.
Interactive Chart Ecuador Crude Oil Production
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Ecuador Renewable in % Electricity Production
The Maestro Plan for Electricity 2018-2027 aims at a share of 88% of electricity generation from renewable sources in 2027 (75% in 2022).
The objective set in the National Plan for Good Living 2017-2021 for a 90% share of electricity generation from renewables (including hydropower) in 2021 has not been achieved (only 78% reached).
Interactive Chart Ecuador Share of Renewables in Electricity Production (incl hydro)
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Ecuador CO2 Fuel Combustion/CO2 Emissions
In its revised NDC (2019), Ecuador aims to reduce its GHG emissions by 9% in 2025 compared to a BAU scenario. This reduction target could be raised to 20.9%, provided the availability of international support.
CO2 emissions from fuel combustion rose rapidly in 2021 and 2022 (11%/year), equally driven by all sectors after a 14.5% fall in 2020. They reached 37.6 MtCO2 in 2022. They decreased slightly between 2015 and 2019 (0.9%/year), after doubling between 2000 and 2014 (5%/year).
Graph: CO2-ENERGY EMISSIONS (MtCO2)