Source
Central bank

Central Bank of Ecuador

International Reserves

US$ 2.958 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 72.466 billion (2010 estimate)

GDP (Purchasing Power Parity)

134.805 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.8% 3.4% 3.3% 8.8% 5.7% 4.8% 2% 7.2%
2009 2010 2011 2012*        
0.4% 3.6% 7.8% 4.5%        

*Estimate

GDP per capita - current prices

US$ 4,760 (2010 estimate)

GDP per capita - PPP

$8,854 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.19% 0.17% 0.15% 0.16% 0.16%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 6.5% 
  • industry: 34.6% 
  • services: 58.9% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
5.2%(2008) 3.6% 4.5% 5.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.5% 7.6% 6%(2009) 5.8%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
21.1% 15.7% 16.1% 18% 18.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.6% -4.3% -1.6% -1% -1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B

Moody's rating: Caa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$4.248 billion US$5.263 billion US$5.779 billion
Largest companies in Ecuador

N/A

 
 
Source
Current account balance

US$ 367 million (2010 estimate)(After 2008)

Current account balance by percentage of GDP

0.5% of GDP (2010 estimate)(2009)

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

32.9% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.12%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.04% (2011)(2007)

(Data were released in 2012)

Total exports

US$23.77 billion (2012 estimate) 

Export commodities

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

Total imports

US$24.67 billion (2012 estimate) 

 
 
Source
Import commodities

industrial materials, fuels and lubricants, nondurable consumer goods

Exports - major partners

US 38.3%, Panama 10.1%, Peru 6.3%, Venezuela 5.3%, Chile 5%, Russia 4.6% (2009 estimate)

Imports - major partners

US 27.9%, China 10.3%, Colombia 9.2%, Panama 4.6%, Peru 4.6%, Brazil 4.3%, South Korea 4.1% (2009 estimate)

FDI inflows
2009 2010 2011
US$321 million US$158 million(2009) US$568 million(2009)
FDI outflows
2009 2010 2011  
US$36 million US$12 million US$18 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$40 million
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

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

Cross-border M&A; deals worth over $3 billion completed in 2011(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 139 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 169 out of 185 countries(2009)

Enforcing Contracts: 99 out of 185 countries

Registering Property: 101 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 139 out of 185 countries

Trading across border: 128 out of 185 countries

Paying Taxes: 84 out of 185 countries

Dealing with Construction Permits: 104 out of 185 countries

Getting Electricity: 146 out of 185 countries

Resolving Insolvency: 137 out of 185 countries

(2013)

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

86

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 156 Score: 48.3 (Repressed) (2009)

(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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2013

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