Source
Central bank

Central Bank of Ecuador

International Reserves

US$ 4.346 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 101 billion (2014 estimate)

GDP (Purchasing Power Parity)

168 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3.3% 8.8% 5.3% 4.4% 2.2% 6.4% 0.6% 3.5%
2011 2012 2013 2014*        
7.8% 5.1% 4.2% 4.2%        

*Estimate

GDP per capita - current prices

US$ 6,322 (2014 estimate)

GDP per capita - PPP

$10,492 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.21% 0.19% 0.16% 0.17% 0.19%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.9% 
  • industry: 35.1% 
  • services: 59% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
4.5% 5.1% 2.7% 2.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
6.0% 4.9% 4.7% 5.0%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
19.2% 18.3% 21.3% 24.3% 24.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-1.3% 0.0% -0.9% -4.0% -4.0%

*Estimate   

Government bond ratings

Standard & Poor's: B+

Moody's rating: Caa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$5.263 billion US$5.779 billion US$5.911 billion

*2010 Estimate      **2012 Estimate  

Largest companies in Ecuador

N/A

 
 
Source
Current account balance

US$ -2.392 billion (2014 estimate)

Current account balance by percentage of GDP

-2.361% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

30.5% (2013)

(Data released on October 2014)

Shares in world total merchandising export

0.13% (2012)

 

Shares in world total commercial services export

0.04% (2012)

(Data were released in March 2014)

Total exports

US$25.480 billion (2013 estimate) 

Export commodities

petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish

Total imports

US$26.220 billion (2013 estimate) 

 
 
Source
Import commodities

industrial materials, fuels and lubricants, nondurable consumer goods

Exports - major partners

US 37.3%, Chile 8.1%, Peru 6.5%, Japan 4.5%, Russia 4.5%, Colombia 4% (2012)

Imports - major partners

US 28.4%, China 11.3%, Colombia 8.8%, Peru 4.5% (2012)

FDI inflows
2011 2012 2013
US$644 million US$585 million US$703 million
FDI outflows
2011 2012 2013  
US$65 million US$-14million US$62 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$0 US$40 million US$0 US$0
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 135 out of 189 countries (2013)

Subcategories:

Starting a business: 176 out of 189 countries

Enforcing Contracts: 99 out of 189 countries

Registering Property: 91 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 138 out of 189 countries

Trading across border: 122 out of 189 countries

Paying Taxes: 91 out of 189 countries

Dealing with Construction Permits: 64 out of 189 countries

Getting Electricity: 138 out of 189 countries

Resolving Insolvency: 143 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 159 Score: 48.0 (Repressed)  (2014)

(100=totally free 0=totally repressed )

 
 
Source
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 2012* 2017**
8.12 million 10.26 million 12.65 million 15.24 million 16.42 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
33.9% 47% 60.3% 67.4%
Population median age

26 years (2010)

Population growth rate

1.4% (2011)

Life expectancy

75 years (2010)

Adult literacy

84% (2005/2010)

% of population living on less than $2 a day

13.56% (2011)

Inequality of wealth distribution (Gini index)

49.26 (2010)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

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

Source
Total telephone subscribers as % of population

119.62% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

31.4% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer 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)

Source
CO2 emissions(Metric tons of CO2 per capita)

2.1107 (Data were released in 2012 and refer to 2009)

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