Official Name: | The Republic of Ecuador |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Republic |
Official Name (Local Language): | Republica del Ecuador |
ISO Country Codes: | EC : ECU |
Internet Domain: | .ec |
Government Web Site: | https://www.presidencia.gob.ec/ |
Capital: | Quito | Main Airports: | José Joaquín de Olmedo International Airport, Mariscal Sucre International Airport |
Language(s): | Spanish | Population: | 17,093,159 |
Currency: | US Dollar | ISO Currency Code: | USD |
Telephone Dial In: | +593 | ID Prefix: | 00 |
Government Website: | https://www.presidencia.gob.ec/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/ecuador |
Central Bank: | Banco Central del Ecuador |
Currency USD Exchange Rate: | The US dollar became Ecuador's currency in 2001 |
Unemployment Rate: | 5.71% (2019 est.) |
Population below poverty line: | 21.5% (December 2017 est.) |
Inflation Rate: | 0.2% (2019 est.) |
Prime Lending Rate: | 7.92% (31-Dec-17 - Photius) |
GDP: | $107.436 billion (2019 est.) |
GDP Pro Capita (PPP): | $11,375 (2019 est.) |
Currency Name: | US Dollar |
Currency Code: | USD |
World Bank Classification: | Upper Middle Income |
GDP Composition:
Agriculture: | 6.2% | bananas, coffee, cocoa, rice, potatoes, cassava (manioc, tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; fish, shrimp; balsa wood |
Industry: | 34% | petroleum, food processing, textiles, wood products, chemicals |
Services: | 59.8% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | Spanish |
Customs & Excise: | Aduana del Ecuador |
Development Bank(s): | Development Bank of Latin America; Inter-American Development Bank; |
National Standards Bureau: | Servicio Ecuatoriano de Normalización |
Competitive Ind’l Performance: 90/141 (2019) | Corruption Perceptions Index: 92/180 (2020) |
Ease of Doing Business: 129/190 (2019) | Enabling Trade Index: 81/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
World Bank Logistics Performance Index |
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Investment & Export Promotion Agency: ProEcuador ;
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