Economy of Ecuador

Imports

Imports commoditiesindustrial materials, fuels and lubricants, nondurable consumer goods

Import partnersUS 28.4%, China 11.3%, Colombia 8.8%, Peru 4.5% (2012)

Exports

Exports commoditiespetroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish

Export partnersUS 37.3%, Chile 8.1%, Peru 6.5%, Japan 4.5%, Russia 4.5%, Colombia 4% (2012)

Economy sectors

Agriculture productsbananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; fish, shrimp; balsa wood

Industrial productspetroleum, food processing, textiles, wood products, chemicals

Economy

Unemployment4.20 % (2013)4.90 % (2012)6.00 % (2011)

Unemployment of Ecuador

GDP - Official Exchange Rate91.4 Billion $ (2013)82.9 Billion $ (2012)76.8 Billion $ (2011)

GDP - Official Exchange Rate of Ecuador

GDP growth rate4.00 % (2013)5.10 % (2012)7.80 % (2011)

GDP growth rate of Ecuador

GDP per Capita (PPP)10,600 $ (2013)10,200 $ (2012)8,600 $ (2011)

GDP per Capita (PPP) of Ecuador

GDP - Purchasing Power Parity158 Billion $ (2013)150 Billion $ (2012)130 Billion $ (2011)

GDP - Purchasing Power Parity of Ecuador

GDP PPP per land area556 Thousand $ per square kilometer (2013)527 Thousand $ per square kilometer (2012)457 Thousand $ per square kilometer (2011)

GDP PPP per land area of Ecuador

Electricity

Electricity - installed generating capacity5.24 Million kW

Banking

Central bank discount rate8.17 % (2011)8.68 % (2010)9.19 % (2009)

Central bank discount rate of Ecuador

Commercial bank prime lending rate8.70 % (2013)8.17 % (2012)8.35 % (2011)

Commercial bank prime lending rate of Ecuador

GDP decomposition by sector

Agriculture % of GDP5.90 % (2013)5.90 % (2012)

Industry % of GDP35.1 % (2013)35.2 % (2012)

Services % of GDP59.0 % (2013)58.8 % (2012)

Tourism

International tourism, number of arrivals1.27 Million (2012)1.14 Million (2011)1.05 Million (2010)

International tourism, number of arrivals of Ecuador

International tourism, number of departures1.02 Million (2012)1.02 Million (2011)899 Thousand (2010)

International tourism, number of departures of Ecuador

Yearly Tourist arrivals to residents ratio8.36 % (2012)7.60 % (2011)6.98 % (2010)

Yearly Tourist arrivals to residents ratio of Ecuador

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)23.2 % of GDP (2013)21.0 % of GDP (2012)21.7 % of GDP (2011)

Public debt (Percentage of GDP) of Ecuador

Budget surplus (+) or deficit (-)-1.10 % of GDP

Current Account Balance (Percentage of GDP)-0.21 % of GDP (2012)-0.29 % of GDP (2011)-2.40 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Ecuador

External Debt Stocks (Percentage of GNI)20.3 % of GNI (2012)21.6 % of GNI (2011)22.5 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Ecuador

Short-term debt (percentage of total external debt)3.97 % of total external debt (2012)4.51 % of total external debt (2011)5.37 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Ecuador

Current Account Balance (Total)-827.10 Million $ (2013)-177.00 Million $ (2012)-221.00 Million $ (2011)

Current Account Balance (Total) of Ecuador

External Debt (Total)19.9 Billion $ (2013)17.7 Billion $ (2012)18.6 Billion $ (2011)

External Debt (Total) of Ecuador

External Debt (Percentage of GDP)21.8 % of GDP (2013)21.3 % of GDP (2012)24.3 % of GDP (2011)

External Debt (Percentage of GDP) of Ecuador

External Debt per Capita1,290 $ (2013)1,161 $ (2012)1,241 $ (2011)

External Debt per Capita of Ecuador