Support our Sponsor

. . Flags of the World Maps of All Countries
  • |Indice|
  • English
  • geographic.org Home PagePerfiles de los Pa�ses

    Ecuador Econom�a 2000

      Econom�a - descripci�n: Ecuador has substantial oil resources and rich agricultural areas. Because the country exports primary products such as oil, bananas, and shrimp, fluctuations in world market prices can have a substantial domestic impact. Ecuador joined the World Trade Organization in 1996, but has failed to comply with many of its accession commitments. In recent years, growth has been uneven due to ill-conceived fiscal stabilization measures. The aftermath of El Nino and depressed oil market of 1997-98 drove Ecuador's economy into a free-fall in 1999. The beginning of 1999 saw the banking sector collapse, which helped precipitate an unprecedented default on external loans later that year. Continued economic instability drove a 70% depreciation of the currency throughout 1999, which eventually forced a desperate government to dollarize the currency regime in 2000. The move stabilized the currency, but did not stave off the ouster of the government. The new president, Gustavo NOBOA has yet to complete negotiations for a long sought IMF accord. He will find it difficult to push through the reforms necessary to make dollarization work in the long-run.

      Producto Bruto Interno (PBI): purchasing power parity - $54.5 billion (1999 est.)

      PBI - Indice de Incremento real: -8% (1999 est.)

      PBI - por capital: purchasing power parity - $4,300 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 14%
      industry: 36%
      services: 50% (1999 est.)

      Poblaci�n bajo linea de pobertad: 50% (1999 est.)

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 2.3%
      highest 10%: 37.6% (1994)

      Indice de Inflaci�n (precios del consumidor): 59.9% (1999 est.)

      Fuerza Laboral: 4.2 million

      Fuerza Laboral - por ocupaci�n: agriculture 30%, industry 25%, services 45% (1999 est.)

      Indice de desempleo: 12% with widespread underemployment (November 1998 est.)

      Presupuesto:
      revenues: planned $5.1 billion (not including revenue from potential privatizations)
      expenditures: $5.1 billion including capital expenditures of $NA (1999)

      Industrias: petroleum, food processing, textiles, metal work, paper products, wood products, chemicals, plastics, fishing, lumber

      Industrial production growth rate: 2.4% (1997 est.)

      Electricidad - Producci�n: 9.657 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 27.96%
      hydro: 72.04%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 8.981 billion kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; balsa wood; fish, shrimp

      Exportaciones: $4.1 billion (f.o.b., 1999)

      Exporationes - comodidades: petroleum, bananas, shrimp, coffee, cocoa, cut flowers, fish

      Exportaciones - socios: US 39%, Colombia 7%, Italy 6%, Peru 5%, Chile 3% (1998)

      Importaciones: $2.8 billion (c.i.f., 1999)

      Importaciones - comodidades: machinery and equipment, raw materials, fuels; consumer goods

      Importaciones - socios: US 39%, Colombia 11%, Japan 9%, Venezuela 5%, Mexico 3% (1998)

      Deuda - externa: $15.3 billion (1999)

      Ayuda economica - recipiente: $695.7 million (1995)

      Moneda: 1 sucre (S/) = 100 centavos

      Indice de intercambio: sucres (S/) per US$1 - 24,860.7 (January 2000), 11,786.8 (1999), 5,446.6 (1998), 3,988.3 (1997), 3,189.5 (1996), 2,564.5 (1995)

      A�o Fiscal: calendar year

    Support Our Sponsor

    Support Our Sponsor

    Favor de A�ar Esta Pagina a Tus "BOOKMARKS" - - - - -


    Deja tu direci�n electr�nico para recibir un mensaje cuando se cambia la pagina.
    Tu direci�n electr�nico:



    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


    ctr10/10/00