Ecuador

Republic of EcuadorRepublica del Ecuador

presidential republicIndependence 24 May 1822 (from Spain)

Ecuador as the 2017 edition of the CIA World Factbook published it: 169 fields, one of 36 editions from 1990 to 2025.

field in that editiontext changed from the edition beforenot in that editionthe open editionEach field below ends in its editions, 1990 to 2025. Point at a year above to follow it down.

CapitalQuito, UTC-5
Position2 00 S, 77 30 W
Area283,561 sq km
LocationWestern South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru
Populationas each edition published it
16.29 million July 2017 est. · 10.51m in 1990
Population growth% a year
1.28% 2017 est. · 2.07% in 1993
Median ageyears
27.7 years 2017 est. · 22.5 yrs in 2003
Life expectancyyears at birth
77 years 2017 est. · 69.61 yrs in 1993
Fertility ratechildren per woman
2.19 children per woman 2017 est. · 3.8 in 1990
Infant mortalitydeaths per 1,000 live births
16.4 deaths per 1,000 live births 2017 est. · 61 in 1990
GDP per capitaeach edition's own dollars
$11,200 2016 est. · $1,100 in 1993
GDP real growth% a year
-1.5% 2016 est. · 3% in 1993

Introduction

1 field

Background

What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Quito became a seat of Spanish colonial government in 1563 and part of the Viceroyalty of New Granada in 1717. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia. When Quito withdrew in 1830, the traditional name was changed in favor of the "Republic of the Equator."

Between 1904 and 1942, Ecuador lost territories in a series of conflicts with its neighbors. A border war with Peru that flared in 1995 was resolved in 1999. Although Ecuador marked 30 years of civilian governance in 2004, the period was marred by political instability. Protests in Quito contributed to the mid-term ouster of three of Ecuador's last four democratically elected presidents. In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence. General elections were held in February 2013, and voters reelected President Rafael CORREA.

Geography

Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru

19 fields
Area
283,561sq km
land: 276,841 sq kmwater: 6,720 sq kmnote: includes Galapagos Islandscountry comparison to the world: 75slightly smaller than Nevada
Coastline
2,237km
territorial sea: 200 nmexclusive economic zone: 200 nmcontinental shelf: 200 nmnote: Ecuador has declared its right to extend its continental shelf to 350nm measured from the baselines of the Galapagos Archipelago
Highest point
6,267m
Chimborazomean elevation: 1,117 melevation extremes: lowest point: Pacific Ocean 0 m
Note
note: because the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet farthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea level
Land boundaries
2,237km
border countries (2): Colombia 708 km, Peru 1,529 km

Location

Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru

Geographic coordinates

2 00 S, 77 30 W

Map references

South America

Climate

tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands

Terrain

coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente)

Natural resources

petroleum, fish, timber, hydropower

Land use

agricultural land:
29.7%;
  • arable land 4.7%;
  • permanent crops 5.6%;
  • permanent pasture 19.4%
forest:
38.9%
other:
31.4% (2011 est.)

Irrigated land

15,000 sq km (2012)

Population - distribution

  • nearly half of the population is concentrated in the interior in the Andean intermontane basins and valleys, with large concentrations also found along the western coastal strip;
  • the rainforests of the east remain sparsely populated

Natural hazards

  • frequent earthquakes;
  • landslides;
  • volcanic activity;
  • floods;
  • periodic droughts
volcanism:
  • volcanic activity concentrated along the Andes Mountains;
  • Sangay (5,230 m), which erupted in 2010, is mainland Ecuador's most active volcano;
  • other historically active volcanoes in the Andes include
    • Antisana,
    • Cayambe,
    • Chacana,
    • Cotopaxi,
    • Guagua Pichincha,
    • Reventador,
    • Sumaco,
    • and Tungurahua
    ;
  • Fernandina (1,476 m), a shield volcano that last erupted in 2009, is the most active of the many Galapagos volcanoes;
  • other historically active Galapagos volcanoes include
    • Wolf,
    • Sierra Negra,
    • Cerro Azul,
    • Pinta,
    • Marchena,
    • and Santiago

Environment - current issues

  • deforestation;
  • soil erosion;
  • desertification;
  • water pollution;
  • pollution from oil production wastes in ecologically sensitive areas of the Amazon Basin and Galapagos Islands

Environment - international agreements

party to:
Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands
signed, but not ratified:
none of the selected agreements

Geography - note

Cotopaxi in Andes is highest active volcano in world

People and Society

37 fields

Age structuremale left, female right · (2017 est.)

576,196
65 and over7.45%
637,984
599,032
55-647.53%
628,477
3,145,954
25-5439.59%
3,303,520
1,519,255
15-2418.35%
1,469,372
2,250,000
0-1427.08%
2,161,123
MaleFemaleDependency ratios: total dependency ratio: 55.6 · youth dependency ratio: 45.1 · elderly dependency ratio: 10.4 · potential support ratio: 9.6 (2015 est.)
Population
16,290,913
(July 2017 est.)country comparison to the world: 67growth rate: 1.28% (2017 est.)country comparison to the world: 87

Per 1,000 population(2017 est.)

Birth
17.9Death
5.1Net migration
0

Male · female

TotalMale · femaleLife expectancy years (2017 est.)77
74 · 80.1Infant mortality deaths/1,000 live births (2017 est.)16.4
19.4 · 13.2Literacy (2016 est.)94.4%
95.4% · 93.3%
TotalMale · femaleMedian age years (2017 est.)27.7
27 · 28.4School life expectancy years (2012)15
15 · 16Youth unemployment ages 15-24 (2015 est.)11.8%
9.4% · 15.7%
MaleFemaleLife expectancy country comparison to the world: 79 · Infant mortality country comparison to the world: 98 · Literacy definition: age 15 and over can read and write · Median age country comparison to the world: 142 · Youth unemployment ages 15-24 country comparison to the world: 96

Ethnic groups(2010 est.)

mestizo (mixed Amerindian and white) 71.9%Montubio 7.4%Amerindian 7%white 6.1%Afroecuadorian 4.3%mulatto 1.9%black 1%other 0.4% (2010 est.)

Religions(2012 est.)

Roman Catholic 74%Evangelical 10.4%Jehovah's Witness 1.2%other 6.4% (includes Mormon Buddhist, Jewish, Spiritualist, Muslim, Hindu, indigenous religions, African American religions, Pentecostal)atheist 7.9%agnostic 0.1%note: data represent persons at least 16 years of age from five Ecuadoran cities (2012 est.)
Urban population
64.2%of total population
(2017)rate of urbanization: 1.8% annual rate of change (2015-20 est.)Major urban areas - population: Guayaquil 2.709 million; QUITO (capital) 1.726 million (2015)
Improved drinking water
86.9%of population
urban: 93.4% of populationrural: 75.5% of populationurban: 6.6% of populationrural: 24.5% of populationtotal: 13.1% of population (2015 est.)
Improved sanitation
84.7%of population
urban: 87% of populationrural: 80.7% of populationurban: 13% of populationrural: 19.3% of populationtotal: 15.3% of population (2015 est.)
Maternal mortality rate
64deaths/100,000 live births
(2015 est.)country comparison to the world: 86

Nationality

noun:
Ecuadorian(s)
adjective:
Ecuadorian

Languages

Spanish (Castilian) 93% (official), Quechua 4.1%, other indigenous 0.7%, foreign 2.2% note: (Quechua and Shuar are official languages of intercultural relations; other indigenous languages are in official use by indigenous peoples in the areas they inhabit) (2010 est.)

Demographic profile

Ecuador's high poverty and income inequality most affect indigenous, mixed race, and rural populations. The government has increased its social spending to ameliorate these problems, but critics question the efficiency and implementation of its national development plan. Nevertheless, the conditional cash transfer program, which requires participants' children to attend school and have medical check-ups, has helped improve educational attainment and healthcare among poor children. Ecuador is stalled at above replacement level fertility and the population most likely will keep growing rather than stabilize.

An estimated 2 to 3 million Ecuadorians live abroad, but increased unemployment in key receiving countries - Spain, the United States, and Italy - is slowing emigration and increasing the likelihood of returnees to Ecuador. The first large-scale emigration of Ecuadorians occurred between 1980 and 2000, when an economic crisis drove Ecuadorians from southern provinces to New York City, where they had trade contacts.

A second, nationwide wave of emigration in the late 1990s was caused by another economic downturn, political instability, and a currency crisis. Spain was the logical destination because of its shared language and the wide availability of low-skilled, informal jobs at a time when increased border surveillance made illegal migration to the US difficult.

Ecuador has a small but growing immigrant population and is Latin America's top recipient of refugees; 98% are neighboring Colombians fleeing violence in their country.

Population distribution

  • nearly half of the population is concentrated in the interior in the Andean intermontane basins and valleys, with large concentrations also found along the western coastal strip;
  • the rainforests of the east remain sparsely populated

Sex ratio

at birth:
1.05 male(s)/female
0-14 years:
1.04 male(s)/female
15-24 years:
1.03 male(s)/female
25-54 years:
0.95 male(s)/female
55-64 years:
0.96 male(s)/female
65 years and over:
0.91 male(s)/female
total population:
0.99 male(s)/female (2016 est.)

Total fertility rate

2.19 children born/woman (2017 est.) country comparison to the world: 99

Health expenditures

9.2% of GDP (2014) country comparison to the world: 35

Physicians density

1.67 physicians/1,000 population (2011)

Hospital bed density

1.6 beds/1,000 population (2011)

HIV/AIDS - adult prevalence rate

0.3% (2016 est.) country comparison to the world: 81

HIV/AIDS - people living with HIV/AIDS

33,000 (2016 est.) country comparison to the world: 64

HIV/AIDS - deaths

<1000 (2016 est.)

Major infectious diseases

degree of risk:
high
food or waterborne diseases:
bacterial diarrhea, hepatitis A, and typhoid fever
vectorborne diseases:
dengue fever and malaria

note: active local transmission of Zika virus by Aedes species mosquitoes has been identified in this country (as of August 2016); it poses an important risk (a large number of cases possible) among US citizens if bitten by an infective mosquito;

other less common ways to get Zika are through sex, via blood transfusion, or during pregnancy, in which the pregnant woman passes Zika virus to her fetus (2016)

Obesity - adult prevalence rate

19.9% (2016) country comparison to the world: 108

Children under the age of 5 years underweight

6.4% (2012) country comparison to the world: 82

Education expenditures

4.9% of GDP (2015) country comparison to the world: 94

Government

Presidential republic; President Lenin MORENO Garces (since 24 May 2017); President Lenin MORENO Garces (since 24 May 2017)

22 fields

Presidential election, second roundpercent of vote

51.1%
Lenin MORENO Garces (Alianza PAIS Movement) 51.1%Guillermo LASSO (CREO) 48.9%election last held on 19 February 2017 with a runoff on 2 April 2017 (next to be held in 2021)

National Assembly or Asamblea Nacional, 137 seats, elected 19 February 2017one dot, one seat

PAIS 74SUMA 34PSC 15ID 4MUPP 4Independents 3PSP 2Fuerza Ecuador 1

Country name

conventional long form:
Republic of Ecuador
conventional short form:
Ecuador
local long form:
Republica del Ecuador
local short form:
Ecuador
etymology:
the country's position on the globe, straddling the Equator, accounts for its Spanish name

Government type

presidential republic

Capital

name:
Quito
geographic coordinates:
0 13 S, 78 30 W
time difference:
UTC-5 (same time as Washington, DC, during Standard Time)

Administrative divisions

  • 24 provinces (provincias, singular - provincia);
  • Azuay, Bolivar, Canar, Carchi, Chimborazo, Cotopaxi, El Oro, Esmeraldas, Galapagos, Guayas, Imbabura, Loja, Los Rios, Manabi, Morona-Santiago, Napo, Orellana, Pastaza, Pichincha, Santa Elena, Santo Domingo de los Tsachilas, Sucumbios, Tungurahua, Zamora-Chinchipe

Independence

24 May 1822 (from Spain)

National holiday

Independence Day (independence of Quito), 10 August (1809)

Constitution

  • many previous;
  • latest approved 20 October 2008;
  • amended 2011, 2015;
  • note - a 2015 constitutional amendment lifting presidential term limits became effective 2017 (2017)

International law organization participation

has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction

Citizenship

citizenship by birth:
yes
citizenship by descent:
yes
dual citizenship recognized:
no
residency requirement for naturalization:
3 years

Suffrage

18-65 years of age, universal and compulsory; 16-18, over 65, and other eligible voters, voluntary

Executive branch

chief of state:
  • President Lenin MORENO Garces (since 24 May 2017);
  • Vice President Jorge GLAS Espinel (since 24 May 2013);
  • note - the president is both chief of state and head of government
head of government:
President Lenin MORENO Garces (since 24 May 2017); Vice President Jorge GLAS Espinel (since 24 May 2013)
cabinet:
Cabinet appointed by the president
elections/appointments:
  • president and vice president directly elected on the same ballot by absolute majority popular vote in 2 rounds if needed for a 4-year term (eligible for a second term);
  • election last held on 19 February 2017 with a runoff on 2 April 2017 (next to be held in 2021)
election results:
Lenin MORENO Garces elected president; percent of vote in second round - Lenin MORENO Garces (Alianza PAIS Movement) 51.1%, Guillermo LASSO (CREO) 48.9%

Legislative branch

description:
unicameral National Assembly or Asamblea Nacional (137 seats; 116 members directly elected in single-seat constituencies by simple majority vote, 15 members directly elected in a single nationwide constituency by proportional representation vote, and 6 directly elected in multi-seat constituencies for Ecuadorians living abroad by simple majority vote; members serve 4-year terms)
elections:
last held on 19 February 2017 (next to be held in 2021)
election results:
  • percent of vote by party - PAIS 39.1%, SUMA 20.1%, PSC 15.9%, IP 3.8%, MUPP 2.7%;
  • seats by party - PAIS 74, SUMA 34, PSC 15, ID 4, MUPP 4, Independents 3, PSP 2, Fuerza Ecuador 1;
  • note - defections by members of National Assembly are commonplace, resulting in frequent changes in the numbers of seats held by the various parties

Judicial branch

highest court(s):
  • National Court of Justice or Corte Nacional de Justicia (consists of 21 judges including the chief justice and organized into 5 specialized chambers);
  • Constitutional Court or Corte Constitucional (consists of 9 judges)
judge selection and term of office:
  • justices of National Court of Justice elected by the Judiciary Council, a 9-member independent body of law professionals;
  • judges elected for 9-year, non-renewable terms, with one-third of the membership renewed every 3 years;
  • Constitutional Court judges appointed by the executive, legislative, and Citizen Participation branches of government;
  • judges appointed for 9-year non-renewable terms with one-third of the membership renewed every 3 years
subordinate courts:
  • Fiscal Tribunal;
  • Election Dispute Settlement Courts, provincial courts (one for each province);
  • cantonal courts

Political parties and leaders

  • Alianza PAIS movement [Ricardo PATINO]
  • Avanza Party or AVANZA [Ramiro GONZALEZ]
  • Creating Opportunities Movement or CREO [Guillermo LASSO]
  • Democratic Left or ID [Paco MONCAYO]
  • Forward Ecuador Movement [Alvaro NOBOA]
  • Fuerza Ecuador [Abdala BUCARAM] (successor to Roldosist Party)
  • Pachakutik Plurinational Unity Movement or MUPP [Rafael ANTUNI]
  • Patriotic Society Party or PSP [Lucio GUTIERREZ Borbua]
  • Popular Democracy Movement or MPD [Luis VILLACIS]
  • Social Christian Party or PSC [Pascual DEL CIOPPO]
  • Socialist Party [Fabian SOLANO]
  • Society United for More Action or SUMA [Mauricio RODAS]

Political pressure groups and leaders

  • Confederation of Indigenous Nationalities of Ecuador or CONAIE [Humberto CHOLANGO]
  • Federation of Indigenous Evangelists of Ecuador or FEINE [Manuel CHUGCHILAN]
  • National Federation of Indigenous Afro-Ecuatorianos and Peasants or FENOCIN

International organization participation

CAN, CD, CELAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, OPEC, Pacific Alliance (observer), PCA, SICA (observer), UN, UNAMID, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNISFA, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Diplomatic representation in the US

chief of mission:
Ambassador Francisco Jose BORJA Cevallos (since 18 May 2015)
chancery:
2535 15th Street NW, Washington, DC 20009
telephone:
[1] (202) 234-7200
FAX:
[1] (202) 667-3482
consulate(s) general:
Atlanta, Chicago, Houston, Los Angeles, Miami, Minneapolis, New Haven (CT), New Orleans, New York, Newark (NJ), Phoenix, San Francisco

Diplomatic representation from the US

chief of mission:
Ambassador Todd C. CHAPMAN (since 14 April 2016)
embassy:
Avenida Avigiras E12-170 y Avenida Eloy Alfaro, Quito
mailing address:
Avenida Guayacanes N52-205 y Avenida Avigiras
telephone:
[593] (2) 398-5000
FAX:
[593] (2) 398-5100
consulate(s) general:
Guayaquil

Flag description

  • three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag;
  • the flag retains the three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830;
  • the yellow color represents sunshine, grain, and mineral wealth, blue the sky, sea, and rivers, and red the blood of patriots spilled in the struggle for freedom and justice

note: similar to the flag of Colombia, which is shorter and does not bear a coat of arms

National symbol(s)

Andean condor; national colors: yellow, blue, red

National anthem

name:
"Salve, Oh Patria!" (We Salute You, Our Homeland)
lyrics/music:
Juan Leon MERA/Antonio NEUMANE

note: adopted 1948; Juan Leon MERA wrote the lyrics in 1865; only the chorus and second verse are sung

Economy

41 fields
GDP, purchasing power parity
$184.9billion
(2016 est.) · $185.3 billion (2015 est.) · $183 billion (2014 est.)note: data are in 2016 dollarscountry comparison to the world: 67official exchange rate: $97.8 billion (2016 est.)
GDP per capita, PPP
$11,200
(2016 est.) · $11,500 (2015 est.) · $11,700 (2014 est.)note: data are in 2016 dollarscountry comparison to the world: 135
Real growth rate
-1.5%
(2016 est.) · 0.2% (2015 est.) · 4% (2014 est.)country comparison to the world: 203industrial production growth: -0.7%note: excludes oil refining (2016 est.)country comparison to the world: 166
Inflation, consumer prices
1.7%
(2016 est.) · 4% (2015 est.)country comparison to the world: 116

GDP - composition, by sector of origin(2016 est.)

agriculture 6.4%industry 33.8%services 59.7% (2016 est.)

Trading partnersexports left, imports right

32.3%
US
23%
China
19%
4.8%
Colombia
8%
6.8%
Chile
6.6%
Vietnam
5.6%
Peru
4.6%
Russia
Brazil
4.2%
Exports $17.43 billion (2016 est.)Imports $15.86 billion (2016 est.)(2016)

By end use% of GDP

Household consumption
62.5%Government consumption
14.3%Fixed capital
23.5%Inventories
0%Exports
19.3%Imports
-19.7% (2016 est.)

Budget

Revenues
$30.31 billionExpenditures
$37.63 billion (2016 est.)

Economy - overview

Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and approximately 25% of public sector revenues in recent years.

In 1999/2000, Ecuador's economy suffered from a banking crisis, with GDP contracting by 5.3% and poverty increasing significantly. In March 2000, the Congress approved a series of structural reforms that also provided for the adoption of the US dollar as legal tender. Dollarization stabilized the economy, and positive growth returned in the years that followed, helped by high oil prices, remittances, and increased non-traditional exports.

The economy grew an average of 4.3% per year from 2002 to 2006, the highest five-year average in 25 years. After moderate growth in 2007, the economy reached a growth rate of 6.4% in 2008, buoyed by high global petroleum prices and increased public sector investment. President Rafael CORREA Delgado, who took office in January 2007, defaulted in December 2008 on Ecuador's sovereign debt, which, with a total face value of approximately US$3.2 billion, represented about 30% of Ecuador's public external debt. In May 2009, Ecuador bought back 91% of its "defaulted" bonds via an international reverse auction.

Economic policies under the CORREA administration - for example, an announcement in late 2009 of its intention to terminate 13 bilateral investment treaties, including one with the US - have generated economic uncertainty and discouraged private investment. China has become Ecuador's largest foreign lender since Quito defaulted in 2008, allowing the government to maintain a high rate of social spending;

Ecuador contracted with the Chinese government for more than $9.9 billion in forward oil sales, project financing, and budget support loans as of December 2013.

The level of foreign investment in Ecuador continues to be one of the lowest in the region as a result of an unstable regulatory environment, weak rule of law, and the crowding-out effect of public investments. Faced with a 2013 trade deficit of $1.1 billion, Ecuador erected technical barriers to trade in December 2013, causing tensions with its largest trading partners.

Ecuador also decriminalized intellectual property rights violations in February 2014. In March, 2015 Ecuador imposed tariff surcharges from 5% to 45% on an estimated 32% of imports. In 2014, oil output increased slightly and production remained steady in 2015 however the oil price decrease from 2014 onward affected government revenue.

Ecuador’s economy fell in to recession in 2015 and remained in recession in 2016. As a result, CORREA cut the budget twice in 2015, and reduced it further in 2016.

Gross national saving

24.9% of GDP (2016 est.) · 24.7% of GDP (2015 est.) · 27.7% of GDP (2014 est.) country comparison to the world: 55

Agriculture - products

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

Industries

petroleum, food processing, textiles, wood products, chemicals

Labor force

7.874 million (2016 est.) country comparison to the world: 63

Labor force - by occupation

agriculture:
27.8%
industry:
17.8%
services:
54.4% (2012)

Unemployment rate

5.2% (2016 est.) · 4.3% (2015 est.) country comparison to the world: 70

Population below poverty line

25.6% (December 2013 est)

Household income or consumption by percentage share

lowest 10%:
1.4%
highest 10%:
35.4%

note: data for urban households only (2012 est.)

Distribution of family income - Gini index

48.5 (December 2013) · 50.5 (December 2010) note: data are for urban households country comparison to the world: 23

Taxes and other revenues

30.9% of GDP (2016 est.) country comparison to the world: 75

Budget surplus (+) or deficit (-)

-7.5% of GDP (2016 est.) country comparison to the world: 188

Public debt

36.4% of GDP (2016 est.) · 30.7% of GDP (2015 est.) country comparison to the world: 143

Fiscal year

calendar year

Central bank discount rate

8.17% (31 December 2011) · 8.68% (31 December 2010) country comparison to the world: 40

Commercial bank prime lending rate

8.69% (31 December 2016 est.) · 8.33% (31 December 2015 est.) country comparison to the world: 95

Stock of narrow money

$9.281 billion (31 December 2016 est.) · $7.201 billion (31 December 2015 est.) country comparison to the world: 84

Stock of broad money

$32.84 billion (31 December 2016 est.) · $27.81 billion (31 December 2015 est.) country comparison to the world: 76

Stock of domestic credit

$35.56 billion (31 December 2016 est.) · $31.3 billion (31 December 2015 est.) country comparison to the world: 72

Market value of publicly traded shares

$5.911 billion (31 December 2012 est.) · $5.779 billion (31 December 2011 est.) · $5.263 billion (31 December 2010 est.) country comparison to the world: 83

Current account balance

$1.414 billion (2016 est.); $-2.114 billion (2015 est.) country comparison to the world: 38

Exports

$17.43 billion (2016 est.) · $19.05 billion (2015 est.) country comparison to the world: 71

Exports - commodities

petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish

Imports

$15.86 billion (2016 est.) · $20.7 billion (2015 est.) country comparison to the world: 82

Imports - commodities

industrial materials, fuels and lubricants, nondurable consumer goods

Reserves of foreign exchange and gold

$4.178 billion (31 December 2016 est.) · $2.295 billion (31 December 2015 est.) country comparison to the world: 96

Debt - external

$32.32 billion (31 December 2016 est.) · $27.27 billion (31 December 2015 est.) country comparison to the world: 76

Stock of direct foreign investment - at home

$16.63 billion (31 December 2016 est.) · $15.63 billion (31 December 2015 est.) country comparison to the world: 82

Stock of direct foreign investment - abroad

$6.33 billion (31 December 2012 est.) country comparison to the world: 68

Exchange rates

the US dollar became Ecuador's currency in 2001, 1 (2016 est.), 1 (2015 est.)

Energy

24 fields

Electrification% of population · (2013)

100%Urban
92%Rural
97%Total
population without electricity: 500,000

Installed generating capacity, 5.986 million kW(2015 est.)

Fossil fuels 56.9% of total installed capacity (2015 est.)Hydroelectric plants 39.9% of total installed capacity (2015 est.)Other renewable sources 3.2% of total installed capacity (2015 est.)Nuclear fuels 0%
Electricity production
24.95 billion (2015 est.)Electricity consumption
22.14 billion (2015 est.)Electricity exports
46 million (2015 est.)Electricity imports
512 million (2015 est.)Refined petroleum imports
155,700 (2014 est.)Refined petroleum consumption
274,000 (2015 est.)Refined petroleum production
146,500 (2014 est.)Refined petroleum exports
25,940 (2014 est.)

Crude oil - production

548,400 bbl/day (2016 est.) country comparison to the world: 27

Crude oil - exports

400,700 bbl/day (2014 est.) country comparison to the world: 23

Crude oil - imports

0 bbl/day (2014 est.) country comparison to the world: 120

Crude oil - proved reserves

8.273 billion bbl (1 January 2017 es) country comparison to the world: 18

Natural gas - production

497 million cu m (2015 est.) country comparison to the world: 72

Natural gas - consumption

1.002 billion cu m (2015 est.) country comparison to the world: 99

Natural gas - exports

0 cu m (2015 est.) country comparison to the world: 96

Natural gas - imports

0 cu m (2013 est.) country comparison to the world: 119

Natural gas - proved reserves

10.9 billion cu m (1 January 2017 es) country comparison to the world: 82

Carbon dioxide emissions from consumption of energy

38 million Mt (2013 est.) country comparison to the world: 70

Communications

6 fields

Per 100 inhabitants(July 2016 est.)

86Mobile cellular
54.1%Internet users, % of population
15Fixed lines
Mobile cellular
13,882,280
(July 2016 est.)
Internet users
8,693,739
(July 2016 est.)
Fixed lines
2,441,173
(July 2016 est.) · country code .ec

Telephone system

general assessment:
elementary fixed-line service but increasingly sophisticated mobile-cellular network
domestic:
  • fixed-line services provided by multiple telecommunications operators;
  • fixed-line teledensity stands at about 15 per 100 persons;
  • mobile-cellular use has surged and subscribership has reached 85 per 100 persons
international:
  • country code - 593;
  • landing points for the PAN-AM and South America-1 submarine cables that provide links to the west coast of South America, Panama, Colombia, Venezuela, and extending onward to Aruba and the US Virgin Islands in the Caribbean;
  • satellite earth station - 1 Intelsat (Atlantic Ocean) (2016)

Broadcast media

  • multiple TV networks and many local channels, as well as more than 300 radio stations;
  • many TV and radio stations are privately owned;
  • the government owns or controls 5 national TV stations and multiple radio stations;
  • broadcast media required by law to give the government free air time to broadcast programs produced by the state (2007)

Transportation

12 fields

Airports by runway lengthpaved left, unpaved right

4
over 3,047 m
5
2,438 to 3,047 m
18
1,524 to 2,437 m
26
914 to 1,523 m
37
51
under 914 m
291
Paved 104Unpaved 328

Networkskm

Roadways
43,670Railways
965Waterways
1,500 (2012)
Roadways: paved: 6,472 km · unpaved: 37,198 km (2007) · Railways: narrow gauge: 965 km 1.067-m gauge (2014) · Waterways: (most inaccessible)

National air transport system

number of registered air carriers:
7; inventory of registered aircraft operated by air carriers: 35
annual passenger traffic on registered air carriers:
5,762,485
annual freight traffic on registered air carriers:
86,128,720 mt-km (2015)

Airports

432 (2013) country comparison to the world: 20

Heliports

2 (2013)

Pipelines

  • extra heavy crude 527 km;
  • gas 71 km;
  • oil 2,131 km;
  • refined products 1,526 km (2013)

Railways

total:
965 km
narrow gauge:
965 km 1.067-m gauge (2014)

country comparison to the world: 90

Roadways

total:
43,670 km
paved:
6,472 km
unpaved:
37,198 km (2007)

country comparison to the world: 84

Waterways

1,500 km (most inaccessible) (2012) country comparison to the world: 52

Merchant marine

total:
44
by type:
cargo 1, chemical tanker 4, liquefied gas 1, passenger 9, petroleum tanker 28, refrigerated cargo 1
registered in other countries:
4 (Panama 3, Peru 1) (2010)

country comparison to the world: 74

Ports and terminals

major seaport(s):
Esmeraldas, Manta, Puerto Bolivar
river port(s):
Guayaquil (Guayas)
container port(s) (TEUs):
Guayaquil (1,405,762)

Military and Security

4 fields
Military expenditures
2.21%of GDP
(2016) · 2.44% of GDP (2015) · 2.72% of GDP (2014) · 2.88% of GDP (2013) · 2.95% of GDP (2012)country comparison to the world: 24

Military branches

Ecuadorian Armed Forces: Ecuadorian Land Force (Fuerza Terrestre Ecuatoriana, FTE), Ecuadorian Navy (Fuerza Naval del Ecuador, FNE, includes Naval Infantry, Naval Aviation, Coast Guard), Ecuadorian Air Force (Fuerza Aerea Ecuatoriana, FAE) (2012)

Military service age and obligation

  • 18 years of age for selective conscript military service;
  • conscription has been suspended;
  • 18 years of age for voluntary military service;
  • Air Force 18-22 years of age, Ecuadorian birth requirement;
  • 1-year service obligation (2012)

Maritime threats

  • the International Maritime Bureau continues to report the territorial and offshore waters as at risk for piracy and armed robbery against ships;
  • vessels, including commercial shipping and pleasure craft, have been attacked and hijacked both at anchor and while underway;
  • crews have been robbed and stores or cargoes stolen;
  • after several years with no incident, in January 2017 a ship anchored in the port of Quayaquil was boarded and robbed

Transnational Issues

3 fields

Disputes - international

organized illegal narcotics operations in Colombia penetrate across Ecuador's shared border, which thousands of Colombians also cross to escape the violence in their home country

Refugees and internally displaced persons

refugees (country of origin):
101,161 (Colombia) (2016)
IDPs:
11,137 (earthquake April 2016) (2016)

Illicit drugs

  • significant transit country for cocaine originating in Colombia and Peru, with much of the US-bound cocaine passing through Ecuadorian Pacific waters;
  • importer of precursor chemicals used in production of illicit narcotics;
  • attractive location for cash-placement by drug traffickers laundering money because of dollarization and weak anti-money-laundering regime;
  • increased activity on the northern frontier by trafficking groups and Colombian insurgents

Cite this entry

Central Intelligence Agency. “Ecuador.” The World Factbook 2017. Archived by The Factbook, thefactbook.org/ecuador/2017.