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What Is the Economy Like in Ecuador?

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Ecuador’s economy has recently experienced a large amount of growth. Since 2000, the economy has grown an average of 4 percent each year. In the past 7 years, poverty has dropped from 45 percent to 25 percent. Unemployment has decreased to less than 5 percent of the population.

Exports make up the majority of the country’s Gross Domestic Product (GDP). Oil is the top export, although the economy increasingly relies on non-oil exports. Ecuador is the world’s top banana producer, and exports an even greater quantity of shrimp.

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1. What Is Ecuador's Population and Ethnic Makeup?
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Ecuador Vacations
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  • Community
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  • Luxury
  • Nature
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Highlights
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  • Beaches
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Ecuador Travel
    PLACES TO GO
    • Quito
    • Santa Cruz
    • San Cristobal
    • Guayaquil
    • Banos
    • Galapagos
    • Amazon
    • Cuenca
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