The Central Bank of Ecuador published end-2025 international reserve data showing reserves reached USD 9.795 billion on 31 December 2025, an annual increase of USD 2.895 billion. This level covered 100% of the liabilities in the first and second balance-sheet systems of the central bank and 57% of non-financial public sector entities’ resources deposited at the central bank under the third balance-sheet system. Reserve accumulation from December 2024 to December 2025 was driven mainly by private-sector flows and central bank operations. The private sector contributed USD 3.469 billion, largely reflecting net transfers with the rest of the world of USD 3.613 billion, alongside a non-oil trade surplus of USD 3.987 billion (January to October 2025) and remittance inflows of USD 5.738 billion (January to September 2025), up USD 984 million year on year. Net cash movements between financial institutions and the central bank’s vaults were positive by USD 52 million, while public-sector flows were negative by USD 2.093 billion, with multilateral disbursements of USD 5.564 billion in 2025 offset by external debt service of USD 6.562 billion. The oil sector recorded a net inflow of USD 189 million, down USD 1.560 billion from 2024, linked to temporary production stoppages and pipeline disruptions in July 2025; the oil trade surplus fell to USD 1.065 billion (January to October 2025), reflecting a 21% drop in export value (USD 1.689 billion) and a 1% rise in import value (USD 72 million).
Central Bank of Ecuador 2026-01-13
Central Bank of Ecuador reports international reserves rose to USD 9.795bn at end-2025 covering 100% of key balance-sheet liabilities
The Central Bank of Ecuador reported international reserves at USD 9.795 billion by the end of 2025, covering 100% of liabilities in the first and second balance-sheet systems and 57% of non-financial public sector deposits. Reserve growth was driven by private-sector flows and central bank operations, with contributions from net transfers, a non-oil trade surplus, and remittance inflows, despite negative public-sector flows and reduced oil sector net inflows due to production stoppages and pipeline disruptions.