ECUADOR

PRODUCT PORTFOLIO

♦ Facts

2019 China investments in Ecuador 

  • Treaty on Economic and Technological Cooperation, including a RMB 20 million (about $3 million USD) in Chinese aid to Ecuador
  • Executive Plan of Cooperation in Science and Technology; Lower Kafue Gorge hydro-power plant
  • Cooperation document on oil trade finance between PRC Export-Import Bank and PetroEcuador.
  • Loan to Ecuador from Chinese Banks for Dam developments (approx. $3.5 Billion)

2019 Trade Surplus -1.20% of GDP

3 Main Export commodities:

  1. Oil (58% of total exports)
  2. Shrimp
  3. Bananas

3 Main Import commodities:

  1. Vehicles
  2. Medical products
  3. Telecommunication equipment

2019 GDP $109 Billion, GDP per Capita $5185.09, up by $551.5 since 2010

2019, IFC input US $40 million

President:  Lenín Moreno

WHO participation:

Construction of health centers throughout the country, especially in the province of Guayas, which is most affected by these deaths. 

      • The total estimated cost of this measure is US$41 million, between hiring medical professionals, developing programs, and the state can cover US$20 million within the annual budget. 
      • The remaining US$21 million is to be obtained through measures such as reducing the salaries of top earning public servants.

    2019 Population 17,373,662

    Capital : Quito 1.848 million population

    • 0-14 years: 26.64%
    • 15-24 years: 18.19%
    • 25-54 years: 39.82%
    • 55-64 years: 7.67%
    • 65 years and over: 7.67%

    2019 contraceptive prevalence rate in Ecuador was 80.1%. 

    ♦ Telecom Subs

    • Claro (Telcel)
    • Movistar
    • CNT

    The Ecuador Stock Exchange Market cap and other numbers:  

    • Market Cap (USD): 8.168 Million

    ♦ Communications

    *TELEPHONES

    • Total subscriptions: 2,360,581
    • Subscriptions per 100 inhabitants: 14 (2018 est.)
    • Country comparison to the world: 56 (main lines in use compares the total number of main telephone lines in use).

    *MOBILE CELLULAR

    • Total subscriptions: 15,772,838
    • Subscriptions per 100 inhabitants: 96 (2018 est.)
    • Country comparison to the world: 65 (mobile cellular compares the total number of mobile cellular telephone subscribers).

    Investment Opportunities in The Ecuador Telecom Sector

    • Movistar extends LTE service to 19 cities, launches VoLTE
    • Tribemobile Ecuador launches as an MVNO
    • Arcotel assumes role as integrated telecom sector regulator
    • CNT expands reach of 1Gb/s fibre network

    ♦ Education Related 

    Education System

    Photo Credit : http://uis.unesco.org/

    Illiterate Population

    Photo Credit : http://uis.unesco.org/

    Literacy Rate

    Photo Credit : http://uis.unesco.org/

    Photo Credit : http://uis.unesco.org/

    Energy

    ELECTRICITY ACCESS

    *Collected from industry reports, national surveys, and international sources:

    • Population without electricity: 500,000 (2016)
    • Electrification – total population: 99.9% (2016)
    • Electrification – urban areas: 100% (2016)
    • Electrification – rural areas: 99.8% (2016)