Key Market Indicators
Ecuador's air passenger traffic is projected to reach approximately 5.3 million by 2028, up from nearly 5 million in 2023. This represents an average annual growth rate of 1%. Historically, the demand for air travel in Ecuador has been on a downward trend, declining by 1.6% each year since 1975. Despite this, Ecuador managed to secure the 60th position in global rankings for 2023. In comparison, Latvia narrowly edged out Ecuador with its own air passenger traffic figures matching those of Ecuador at about 5 million. Globally, China, India, and Ireland have maintained their lead positions in air passenger numbers, occupying the second, third, and fourth spots respectively.
