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The Ecuadoran Economy
Unemployment. Workforce.
Employed population by sector.
GDP per Capita
Key Macroeconomic Indicators
The official unemployment rate is 7.0% as of March 2011,
however the underemployed group represented 50.0%.
The total occupation rate inEcuador is 41.2%.With respect
to March 2011, these figures demonstrate that unemploy-
ment andunderemployment figures decreased 2.1 and1.3
percentage point respectively.
The sector that concentrates more manpower are public
services which count for 52.9% followed by agriculture,
hunting and fishing with 28.4% and finally, industry with
18.6%.
According to Central Bank estimations, GDP per capita for
2008 was $3,961 which indicates 17.67% increase from
2007 when it was just $ 3,366. The figure for 2009 is $
3,715. However, in 2010 there was a reported increase of
2.12% (from $1,722 in 2009 to $1,758 in 2010), as a result
of recovery from the Global Economic Crisis of 2009.
GDP (purchasing power parity):
$110.4 billion (2009 est.)
country comparison to the world: 64
$109.9 billion (2008 est.)
$102.5 billion (2007 est.)
note: data are in 2009 US dollars
GDP (official exchange rate):
$55.55 billion (2009 est.)
GDP - per capita (PPP):
$7,600 (2009 est.)
country comparison to the world: 126
$7,700 (2008 est.)
$7,300 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 6.8%
industry: 35.2%
services: 58% (2009 est.)
Labor force:
4.503 million (urban) (2009 est.)
country comparison to the world: 79
Investment (gross fixed):
24.2% of GDP (2009 est.)
country comparison to the world: 52
Budget:
revenues: $18.28 billion
expenditures: planned $21.15 billion (2009 est.)
Public debt:
19.7% of GDP (November 2009 est.)
country comparison to the world: 108
25.3% of GDP (2008 est.)
Source: MCPEC
Ecuadorians childs will always smile at you
NEW VISION AND CHANGE
IN THE ENERGY AND
PRODUCTION MATRIX
Ecuador is a country with enviable macroeconomic
stability. Its macroeconomic indicators are very simi-
lar to those countries that have investment grade but
enjoy a lesser degree due to the renegotiation of ex-
ternal debt held in 2009 and had a 93% acceptance
of the Bond Holders.