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Economy of Ecuador

Population: 16 million in 2013¹

GDP: $90 billion in 2013²

GDP per capita: $6,003 nominal³ ($10,469 PPP⁴) in 2013

GDP growth rate: 4.6% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	23,807	31.2%
Mining and utilities	10,621	13.9%
Manufacturing	10,365	13.6%
Wholesale, retail trade, restaurants and hotels	9,778	12.8%
Construction	8,347	10.9%
Agriculture, hunting, forestry, fishing	7,545	9.9%
Transport, storage and communication	5,900	7.7%
Total value added	76,363	100%

Employment

Unemployment rate: 4.2% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	1,705	25.3%
Wholesale trade, retail trade and repair of motor vehicles	1,227	18.2%
Manufacturing	764	11.3%
Construction	510	7.6%
Transportation and storage	367	5.4%
Accommodation and food service	357	5.3%
Education	346	5.1%
Public administration and defence	266	3.9%
Activities of households as employers	206	3.1%
Other service	197	2.9%
Administrative and support service	193	2.9%
Human health and social work	160	2.4%
Professional, scientific and technical	119	1.8%
Information and communication	82	1.2%
Finance and insurance	73	1.1%
Mining and quarrying	46	0.7%
Arts, entertainment and recreation	40	0.6%
Water supply, sewerage and waste management	32	0.5%
Electricity, gas, steam and air conditioning	24	0.3%
Real estate	21	0.3%
Extraterritorial organizations and bodies	3	0.0%
Total employment	6,736	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $109 billion (121% of GDP) in 2014¹⁰

Household Wealth per Adult: $12,326 in 2014¹⁰

Gini Coefficient: .485 in 2013¹¹

Government

Central Government

Central Government Revenue: $37 billion (41% of GDP) in 2013¹²

Central Government Expenditure: $39 billion (43% of GDP) in 2013¹²

Central Government Budget Balance: -$2 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $30 billion (33% of GDP) in Dec 2014¹³

Central Government 10 Year Bond Interest Rate: 7.95% in Jun 2014¹⁴

Government Funds

Tax Structure

Individual Income Tax Rates and Thresholds in 2013 ¹⁵

Progressive rates from 5% to 35%

Corporate Tax Rate: 22% in 2014¹⁶

Monetary Policy

Monetary Base (M0, United States): $3.99 trillion on Dec 24, 2014¹⁷

Benchmark Interest Rate (United States): 0.25% on Dec 31 2014¹⁸

Total Reserves: $4 billion (4% of GDP) in 2013¹⁹

Exchange Rate: Adopted the U.S. Dollar as the official currency²⁰

Inflation: 2.7% in 2013²¹

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $25 billion (28% of GDP) in 2013²³

Imports: $26 billion (29% of GDP) in 2013²⁴

Trade Balance: -$1 billion (-1% of GDP) in 2013²³

Foreign Direct Investment Inflow: $725 million (0.8% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $149 million (0.2% of GDP) in 2012²⁵

Foreign Aid Outflow: N/A

References