An electronic component includes a multilayer body including a plurality of insulating layers stacked on top of one another. An LC parallel resonator is provided in the multilayer body, includes a coil and a capacitor, and has a ring shape when viewed in plan in the x-axis direction. The capacitor includes a capacitor conductor layer connected to one end of the coil and a resonant ground conductor layer that is connected to the other end of the coil and that is provided on the positive z-axis direction side of the capacitor conductor layer. The resonant ground conductor layer faces the capacitor conductor layer with one of the plurality of insulating layers therebetween. An outer electrode is provided on the negative z-axis direction side of the LC parallel resonator and faces the capacitor conductor layer with one of the plurality of insulating layers therebetween.