Official Ecuadorian gross domestic product (GDP) data begin in 1950. Prior, only preliminary estimates were available, based on very scattered evidence and broad assumptions. In this paper, we estimate new GDP figures for Ecuador for 1900–50. These are based on the quantitative and qualitative information available for the period, using extensive primary and secondary sources. The new data series allows analysing Ecuador's economic growth and structural change and comparing them to industrialised core countries and other countries in the region. Unlike previous estimates, our series shows a sustained divergence of Ecuador from the core countries during the first half of the 20th century.

The aim of this paper is to present a historical series of Venezuelan GDP from 1830 to 2012. For that purpose we have employed an expenditure approach to reconstruct the GDP of Venezuela, which could be applied with advantages for others Latin America countries. We were able to identify three long economic phases for Venezuela: The first one from 1830-1924 which we refer as “agrarian economy”; the second one of oil driven development, characterize by a high velocity growth from 1924 to 1977, and the last phase portrayed as one of stagnation and decline from 1977 to 2012.