Ecuador

Ecuador : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$23.23 billion (2011 est.)
$19.64 billion (2010 est.)

Exports

$22.29 billion (2011)
$18.06 billion (2010 est.)

Inflation rate (consumer prices)

4.5% (2011 est.)
3.6% (2010 est.)

Unemployment rate

4.2% (2011 est.)
5% (2010 est.)

GDP - per capita (PPP)

$8,600 (2011 est.)
$8,100 (2010 est.)
$7,900 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3.7% (2010 est.)
-0.4% (2009 est.)
7.2% (2008 est.)

Internet users

3.352 million (2009)

Telephones - mobile cellular

14.781 million (2009)

Population growth rate

1.419% (2012 est.)

Population

15,223,680 (July 2012 est.)

Historical background

What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533.

Quito became a seat of Spanish colonial government in 1563 and part of the Viceroyalty of New Granada in 1717.

The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia.

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Ecuador

Economic overview

Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and approximately one-third of public sector revenues in recent years.

In 1999/2000, Ecuador suffered a severe economic crisis, with GDP contracting by 5.

3%.

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The Economist Intelligence Unit

Country Forecast Ecuador March 2015 Updater

Country Forecast Ecuador March 2015 Updater

  • $ 635
  • Country report
  • March 2015
  • by The Economist Intelligence Unit

Political stability has improved significantly under the current president, Rafael Correa. The frequent changes of government that were a feature of the decade before he assumed office in 2007 have been ...

  • Countries : Ecuador

ISA

Ecuador - ISA Country Report

Ecuador - ISA Country Report

  • $ 99
  • Country report
  • April 2015
  • by ISA

This report contains detailed forecasts and analysis for Ecuador, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Ecuador

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