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Economy Ecuador
Flag of Ecuador Ecuador
Population: 13,212,742 (July 2004 est.)
Capital: Quito
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Tabular Data - The Ecuadorian Economy

GDP : purchasing power parity - $45.65 billion (2003 est.)
GDP - Real Growth Rate : 2.5% (2003 est.)
GDP - Per Capita : purchasing power parity - $3,300 (2003 est.)
GDP - Composition By Sector : agriculture: 8.7%
industry: 29.7%
services: 61.6% (2003 est.)
Population Below Poverty Line : 65% (2003 est.)
Household Income or Consumption by Percentage : lowest 10%: 2.2%
highest 10%: 33.8% (1995)
Inflation Rate (Consumer Prices) : 7.9% (2003 est.)
Labor Force : 4.36 million (urban) (2003)
Labor Force - By Occupation : agriculture 30%, industry 25%, services 45% (2001 est.)
Budget : revenues: $6.908 billion
expenditures: planned $6.594 billion, including capital expenditures of $1.6 billion (2003)
Industries : petroleum, food processing, textiles, wood products, chemicals
Industrial Production Growth Rate : 5.3% (2003 est.)
Electricity - Production : 75.23 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 81%
hydro: 19%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 69.96 billion kWh (2001)
Agriculture - Products : bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; balsa wood; fish, shrimp
Exports : $6.073 billion (2003 est.)
Exports - Commodities : petroleum, bananas, cut flowers, shrimp
Exports - Partners : US 41.5%, Colombia 5.6%, Germany 5.5%, South Korea 5.5% (2003 est.)
Imports : $6.22 billion (2003 est.)
Imports - Commodities : consumer goods, industrial raw materials, capital goods
Imports - Partners : US 23.1%, Colombia 12.4%, Brazil 8.1%, Venezuela 6.9%, Chile 4.7%, Japan 4.1% (2003 est.)
Debt - External : $15.69 billion (2003)
Economic Aid - Recipient : $120 million (2001)
Currency : US dollar (USD)
Currency Code : USD
Exchange Rates : Ecuador formally adopted the US dollar as legal tender in March 2000
Fiscal Year : Calendar Year

Country References
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Data Source: Central Intelligence Agency 2004 World Factbook