Estadisticas Latinoamericanas
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Currency exchange
08-Dec-2007

1 = 1US$


 




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 14,000,000 (est.)
Area 276,840 km2
Local Currency US Dollar (USD)
Literacy 92.5%
Economically active population 6,230,000
as % of total population 44.5%
Unemployment rate 6.9% (urban areas - CEPAL statistic 2008)
   
Gross Domestic Product (GDP) 52,700 US$ millions
as % of Regional GDP 1.3% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 3,764 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
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Economic Statistics
(years 2006 - proj. 2010)
Ecuador has a Gross Domestic Product of US$52,700MM. This is distributed by sectors in the following way: agriculture with 6.7%, having as main products bananas, coffee, cocoa, rice; industry with 34.6%, having as main products petroleum, food processing, textiles, wood products; and the services sector with 58.7%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 3.9% 2.5% 6.5% -0.3% 2.2%
Nominal GDP (US$ millions) 41,800 45,800 54,700 52,700 56,800
GDP per Head (US$) 3,119 3,368 3,964 3,764 4,000
GDP by Sector     100.0%    
Agriculture     6.7%    
Industry     34.6%    
Services     58.7%    
Inflation rate 2.9% 3.4% 8.9% 4.4% 5.0%
Budget Balance 3.2% 2.1% -0.4% -3.9% -3.8%

GPD Growth
 
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 45.3% of Ecuadorian exports, whereas the main export products are constituted by oil products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 45.3% US 17.8%
Peru 9.2% Venezuela 12.8%
Chile 8.1% Colombia 9.2%
Panama 4.8% China 7.8%
By products By products
Oil & Products 63.1% Raw materials 31.2%
Banana & plantain 8.9% Capital goods 24.1%
Canned fish 4.5% Consumer goods 20.6%
Shrimp 3.6% Fuel & Lubricants 17.2%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proj. 2010
 
Exchange rate: USD / US$
(end of period)
1.00 1.00 1.00 1.00 1.00
 
Exports of goods 13,176 14,870 19,147 13,830 16,822
Imports of goods 11,408 13,047 17,776 14,121 16,613
Trade & Services Balance 463 452 -177 -1,770 -1,352
% GDP 1.1% 1.0% -0.3% -3.4% -2.4%
Income Balance -1,950 -2,047 -1,598 -1,464 -1,820
% GDP -4.7% -4.5% -2.9% -2.8% -3.2%
Current Transfers Balance 3,104 3,246 2,989 2,513 2,764
% PIB 7.4% 7.1% 5.5% 4.8% 4.9%
Current Account Balance 1,617 1,651 1,214 -721 -408
% GDP
3.9% 3.6% 2.2% -1.4% -0.7%
Net Direct Investments flows 271 194 993 580 580
% GDP 0.6% 0.4% 1.8% 1.1% 1.0%
Net Portfolio Investments flows -644 -118 807 507 -45
% GDP -1.5% -0.3% 1.5% 1.0% -0.1%



 


 


2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 17,059 17,525 17,594 13,820 13,270
% GDP 40.8% 38.3% 32.2% 26.2% 23.4%
     
Foreign Debt Service 4,150 3,634 3,979 3,212 3,232
Principal repayments 2,882 2,318 2,472 2,335 2,510
Interest payments 1,268 1,316 1,507 877 722
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