Ecuador GDP Data & Country Report

Ecuador Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Ecuador; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Ecuador

International Reserves

US$ 2.622 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 65.032 billion (2008 estimate)

GDP (Purchasing Power Parity)

119.963 billion of International dollars (2008 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
4.2%	4.8%	3.4%	3.3%	8.8%	5.7%	4.8%	2%
2008	2009	2010	2011*
6.5%	0.4%	3.2%	3.2%

*Estimate

GDP per capita - current prices

US$ 4,334 (2001 estimate)

GDP per capita - PPP

$7,995 International Dollars (2001 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.19%	0.17%	0.15%	0.15%	0.14%

**Forecast

GDP - composition by sector

agriculture: 6.5%
industry: 34.6%
services: 58.9% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
8.4%(2008)	5.2%	3.6%	3.5%

*Estimate

Unemployment rate

2008	2009	2010	2011*
6.9%	8.5%	7.6%(2009)	7.3%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
26.7%	21.1%	24.7%	20.4%	20.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
2.2%	-0.8%	-4.2%	-2.2%	-1.1%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: B-/Stable/C

Moody's rating: Caa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$4.266 billion	US$4.562 billion	US$4.248 billion

Largest companies in Ecuador

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -2.6 billion (2008 estimate)(After 2008)

Current account balance by percentage of GDP

-4% of GDP (2008 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

26.1% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.11%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$17.37 billion f.o.b. (2010 estimate)

Export commodities

petroleum, bananas, cut flowers, shrimp, cacao, coffee, hemp

Total imports

US$16.6 billion (2008 estimate)

Import commodities

industrial materials, fuels and lubricants, nondurable consumer goods

Exports - major partners

US 41.9%, Peru 8.5%, Chile 4.9%, Russia 4.8%, Colombia 4.7% (2007)

Imports - major partners

US 23.7%, Colombia 10.3%, China 7.6%, Brazil 5.3%, Japan 4.3% (2007)

FDI inflows

2008	2009	2010
US$1,006 million	US$319 million(2009)	US$164 million(2009)

FDI outflows

2008	2009	2010
US$8 million	US$36 million	US$12 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$0 million	N/A(2009)	N/A(2009)	US$2 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 130 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 158 out of 183 countries(2009)

Registering property: 69 out of 183 countries

Paying Taxes: 81 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 132 out of 183 countries

Trading across border: 126 out of 183 countries

Enforcing Contracts: 100 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

101

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 158 Score: 47.1 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-5

Total area

283,561 km² (2006)

Capital

Quito (2009)

Currency

US dollar (USD) (2009)

Government type

republic (2009)

Languages

Spanish (official), Amerindian languages (especially Quechua)

Religions

Roman Catholic 95%, other 5%

Total population

1980	1990	2000	2010*	2015**
8.12 million	10.26 million	12.65 million	14.31 million	15.53 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
33.9%	47%	60.3%	66.2%

Population median age

24.0 years (2006)

Population growth rate

1.1% (2009)

Life expectancy

75 years (2007)

Adult literacy

93% (2000/2007)

% of population living on less than $2 a day

13.56% (2011)

Inequality of wealth distribution (Gini index)

49 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

116.6% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

24% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Quito: 196th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.9897 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Banco Pichincha (National, 2012)

2011:

COUNTRY WINNERS Banco Pichincha (National, 2011)

2010:

COUNTRY WINNERS Banco Pichincha (National, 2010)

2009:

COUNTRY WINNERS Banco del Pichincha (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Citi (National, 2012)

2011:

COUNTRY WINNERS Citi (National, 2011)

2010:

COUNTRY WINNERS Citi (National, 2010)

2009:

COUNTRY WINNERS Citi (2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Ecuador GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: