Ecuadorian economic activity supported by services and manufacturing in May 2026

Ecuador's economic activity in May 2026 was supported by growth in services and manufacturing, offsetting contractions in oil and agriculture. President Noboa has introduced a long-term economic strategy, 'Growth Agenda 2040,' focused on dollarization, competitiveness, foreign investment, and sector development, while also proposing the re-establishment of military courts within the Judicial Branch. The specific legislative mechanisms and implementation timelines for both economic and security reforms remain undefined.