Imports$23.23 billion (2011 est.)
Exports$22.29 billion (2011)
Inflation rate (consumer prices)4.5% (2011 est.)
Unemployment rate4.2% (2011 est.)
GDP - per capita (PPP)$8,600 (2011 est.)
National product real growth rate3.7% (2010 est.)
Internet users3.352 million (2009)
Telephones - mobile cellular14.781 million (2009)
Population growth rate1.419% (2012 est.)
Population15,223,680 (July 2012 est.)
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....
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.
The Economist Intelligence Unit
Policy towards private enterprise and competition 2016-17: Import controls are rolled back, but price controls remain in place. No effort to scale back petrol subsidies. Implementation of anti-trust policies ...
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 ...