We Have a Positive Outlook for Ecuador’s Power Sector, but Risks are Elevated Due to a Heavy Reliance on Hydropower
- We expect real GDP in Ecuador to grow roughly 2%-3% over the next five years, which will lead to increased electricity consumption.
- Electricity usage in Ecuador declined by an average of 2%-3% from 2015 to 2017 due to the economic recession and the impacts of the earthquake.
- We expect economic growth to pick up throughout 2018 as oil prices continue to gradually recover.
