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Home >> World Economy >> Economy of Ecuador

Economy of Ecuador

Economic Indicators Economic Structure Of Ecuador Export & Import Insurance Mortgage Stock
 


Ecuador is a lower middle-income country coming under the Latin America and the Caribbean region, according the classification made by the World Bank on the basis of income and region for the year 2005.




The country has a total surface area of 283.6 thousand square kilometer as of the year 2004 with a forest area of 118.4 thousand square kilometer.

DEMOGRAPHY AND SOCIAL INDICATORS
The total population of the country as of the year 2004 is calculated at 13.0 millions, with a growth rate of 1.4 percent per annuam.
A stalemate is being marked in the growth rate of the population of the country in the recent years.

The following graph shows the rate of growth of population of the country in the recent years.
Demography And Social Indicators


The Life Expectancy rate of the country as of the year 2004 has reached at 74.5. The infant mortality rate in the country per 1,000 life births is 23.0 in the same year.
Under the age 5, mortality rates per 1,000 children are 26.4.
The literacy rate in the country (% of people ages 15 and above) is 91.0 in the year 2004.

KEY ECONOMIC INDICATORS
GDP growth
The Gross National Income, Atlas method (Current US$) of the country in 2004 was 28.9 billion with a per capita income of (current US $) 2,210.0 in the same year.

The Gross Domestic Product of the country in 2004 was 30.3 billion in current US $ with a growth rate of 6.9% per annuam. The following graph gives a clear picture upon the growth rate of GDP over the years.