Ecuador
| Total Population | 14,700,000 (est.) |
| Area | 276,840 km2 |
| Local Currency | US Dollar (USD) |
| Literacy | 92.5% |
| Economically active population | 6,541,500 |
| as % of total population | 44.5% |
| Unemployment rate | 7.6% (urban areas - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 66,100 US$ millions |
| as % of Regional GDP | 1.2% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 4,497 US$ |
| Ranking in Latin America | 14 |
Important dates
- January 1st - New Year's Day
- Monday and Tuesday of Carnival - Changes every year
- Holy Friday - Changes every year
- May 1 - Labor Day
- October 9 - Guayaquil Independence Day
- November 3 - Independence of Cuenca
- December 5 - Foundation of Quito
- December 25 - Christmas
Economic Statistics
| (years 2008 - proj. 2012) |
| Ecuador has a Gross Domestic Product of US$66,100MM. This is distributed by sectors in the following way: agriculture with 6.5%, having as main products bananas, coffee, cocoa, rice; industry with 35.8%, having as main products petroleum, food processing, textiles, wood products; and the services sector with 57.7%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
▲% GDP
|
7.2% | 0.4% | 3.6% | 7.8% | 5.4% |
|
Nominal GDP (US$ millions)
|
54,200 | 52,000 | 58,000 | 66,100 | 70,900 |
|
GDP per Head (US$)
|
3,928 | 3,714 | 4,000 | 4,497 | 4,758 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
6.5% | ||||
|
Industry
|
35.8% | ||||
|
Services
|
57.7% | ||||
|
Inflation rate
|
8.8% | 4.3% | 3.3% | 5.4% | 5.3% |
|
Budget Balance
|
0.6% | -4.3% | -1.6% | -0.9% | -2.5% |
GDP Growth |
Trade Statistics
| Regarding foreign trade, US represents its main commercial partner buying 34.7% of Ecuadorian exports, whereas the main export products are constituted by oil products. |
| Foreign Trade (2010) | |||||||
|---|---|---|---|---|---|---|---|
| Exports | Imports | ||||||
|
By countries
|
By countries
|
||||||
|
US
|
34.7% |
US
|
26.2% | ||||
|
Panama
|
12.2% |
Colombia
|
9.5% | ||||
|
Peru
|
7.6% |
China
|
7.0% | ||||
|
Venezuela
|
5.6% |
Panama
|
4.8% | ||||
|
|
|
||||||
|
By products
|
By products
|
||||||
|
Oil & Products
|
52.0% |
Raw materials
|
30.0% | ||||
|
Banana & plantain
|
9.1% |
Capital goods
|
24.0% | ||||
|
Shrimp
|
4.8% |
Consumer goods
|
22.0% | ||||
|
Canned fish
|
4.2% |
Fuels & Lubricants
|
15.5% | ||||
| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: USD / US$
(end of period) |
1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
|
|
|||||
|
Exports of goods
|
19,461 | 14,412 | 18,061 | 22,391 | 23,882 |
|
Imports of goods
|
17,912 | 14,268 | 19,641 | 23,231 | 24,567 |
|
Trade & Services Balance
|
-126 | -1,227 | -3,173 | -2,927 | -2,917 |
|
% GDP
|
-0.2% | -2.4% | -5.5% | -4.4% | -4.1% |
|
Income Balance
|
-1,462 | -1,384 | -1,054 | -1,588 | -1,908 |
|
% GDP
|
-2.7% | -2.7% | -1.8% | -2.4% | -2.7% |
|
Current Transfers Balance
|
2,946 | 2,432 | 2,310 | 2,698 | 2,967 |
|
% GDP
|
5.4% | 4.7% | 4.0% | 4.1% | 4.2% |
|
Current Account Balance
|
1,358 | -179 | -1,917 | -1,817 | -1,858 |
|
% GDP
|
2.5% | -0.3% | -3.3% | -2.7% | -2.6% |
|
Net Direct Investments flows
|
996 | 319 | 167 | 510 | 720 |
|
% GDP
|
1.8% | 0.6% | 0.3% | 0.8% | 1.0% |
|
Net portfolio Investments flows
|
213 | 2,834 | -15 | 848 | -16 |
|
% GDP
|
0.4% | 5.5% | 0.0% | 1.3% | 0.0% |
Current Account Balance (% GDP) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | |
|---|---|---|---|---|---|
|
Foreign Debt Stock
|
17,379 | 14,130 | 14,815 | 18,420 | 19,744 |
|
% GDP
|
32.1% | 27.2% | 25.5% | 27.9% | 27.8% |
|
|
|||||
|
Foreign Debt Service
|
2,744 | 5,037 | 1,849 | 4,257 | 4,702 |
|
Principal repayments
|
1,704 | 4,389 | 1,351 | 3,563 | 3,913 |
|
Interest payments
|
1,040 | 648 | 498 | 694 | 789 |
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