Ecuador has a developing economy that is highly dependent on commodities, namely petroleum and agricultural products. The country is classified as an upper-middle-income country. Ecuador's economy is the eighth largest in Latin America and experienced an average growth of 4.6% between 2000 and 2006.
Ecuador is one of 17 megadiverse countries in the world. In addition to the mainland, Ecuador owns the Galápagos Islands. This is what the country is best known for. Ecuador has 1,600 bird species and 38 more endemic in the Galápagos. In addition to over 16,000 species of plants, the country has 106 endemic reptiles, 138 endemic amphibians ...
Ecuador, oficialmente la República del Ecuador, es un país soberano ubicado en la región noroccidental de América del Sur, compuesto por veinticuatro provincias.Limita al norte con Colombia, al sur y al este con Perú y al oeste con el océano Pacífico, el cual lo separa de las islas Galápagos por 972 kilómetros entre la península de Santa Elena y la isla San Cristóbal.
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Ecuador was an original member of the block, founded by left-wing governments in Latin America and the Caribbean in 2008. Ecuador also asked UNASUR to return the headquarters building of the organization, based in its capital city, Quito. In June 2019, Ecuador agreed to allow US military planes to operate from an airport on the Galapagos Islands.
Ecuador (i / ˈ ɛ k w ə d ɔːr / E-kwə-dawr), offeecially the Republic o Ecuador (Spaingie: República del Ecuador, Spaingie pronunciation: [reˈpuβlika ðel ekwaˈðoɾ]), leeterally "Republic o the equator"), is a representative democratic republic in Sooth Americae, thit mairches bi Colombie tae the north, Peru tae the east an sooth, an the Paceefic Ocean tae the wast.
- Economic history
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador’s economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of country's GDP. The total trade amounted to 98% of the Ecuador’s GDP in 2017. The country is substantially dependent on its petroleum resources. In 2017, oil accounted...
Ecuador is one of the 10 largest producers in the world of banana, cocoa and palm oil.
In 2019, the country had an annual production of about 1 ton of antimony.
Oil accounts for 40% of exports and contributes to maintaining a positive trade balance. Since the late '60s, the exploitation of oil increased production and reserves are estimated at 4.036 million barrels
The overall trade balance for August 2012 was a surplus of almost 390 million dollars for the first six months of 2012, a huge figure compared with that of 2007, which reached only $5.7 million; the surplus had risen by about 425 million compared to 2006. This circumstance was due to the fact that imports grew faster than exports. The oil trade balance positive had revenues of $3.295 million in 2008, while non-oil was negative amounting to 2.842 million dollars. The trade balance with the United
Deteriorating economic performance in 1997–98 culminated in a severe financial crisis in 1999. The crisis was precipitated by a number of external shocks, including the El Niño weather phenomenon in 1997, a sharp drop in global oil prices in 1997–98, and international emerging market instability in 1997–98. These factors highlighted the Government of Ecuador's unsustainable economic policy mix of large fiscal deficits and expansionary money policy and resulted in a 7.3% contraction ...
Ecuador produziert 509.000 Fass Erdöl am Tag (25 Millionen Tonnen pro Jahr). Damit produziert es etwa 0,6 % der Weltproduktion und liegt weltweit an 30. und in Südamerika nach Venezuela, Brasilien und Argentinien an vierter Stelle. Ecuador verbraucht etwa 160.000 Fass am Tag und exportiert damit fast 70 % seiner Produktion.
Ecuador, in Dizionario di storia, Istituto dell'Enciclopedia Italiana, 2010. (IT, DE, FR) Ecuador, su hls-dhs-dss.ch, Dizionario storico della Svizzera. (EN) Ecuador, su Enciclopedia Britannica, Encyclopædia Britannica, Inc. (EN) Ecuador, su The Encyclopedia of Science Fiction. (EN) Ecuador, in Catholic Encyclopedia, Robert Appleton Company.
The Zoo works in conservation and education in Ecuador and has successfully bred the endangered Andean condor. Maquipucuna Reserve is located in Quito's rural parish of Nanegal. This 14,000 acre high biodiversity rainforest and cloudforest reserve protects over 1966 species of plants (10% of Ecuador's plant diversity) and close to 400 bird species.