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Ecuador Economy
GDP:
purchasing power parity - $45.65 billion (2003 est.)
GDP - real growth rate:
2.5% (2003 est.)
GDP - per capita:
purchasing power parity - $3,300 (2003 est.)
GDP - composition by sector:
agriculture: 8.7%
industry: 29.7%
services: 61.6% (2003 est.)
Investment (gross fixed):
21.7% of GDP (2003)
Population below poverty line:
65% (2003 est.)
Household income or consumption by percentage share:
lowest 10%: 2.2%
highest 10%: 33.8% (1995)
Distribution of family income - Gini index:
43.7 (1995)
Inflation rate (consumer prices):
7.9% (2003 est.)
Labor force:
4.36 million (urban) (2003)
Labor force - by occupation:
agriculture 30%, industry 25%, services 45% (2001 est.)
Unemployment rate:
9.8%; note - underemployment of 47% (2003 est.)
Budget:
revenues: $6.908 billion
expenditures: planned $6.594 billion, including capital expenditures of $1.6 billion (2003)
Public debt:
53.7% of GDP (2003)
Industries:
petroleum, food processing, textiles, wood products, chemicals
Industrial production growth rate:
5.3% (2003 est.)
Electricity - production:
75.23 billion kWh (2001)
Electricity - production by source:
fossil fuel: 81%
hydro: 19%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
69.96 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
421,200 bbl/day (2001 est.)
Oil - consumption:
129,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
2.358 billion bbl (1 January 2002)
Natural gas - production:
160 million cu m (2001 est.)
Natural gas - consumption:
160 million cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
106.5 billion cu m (1 January 2002)
Agriculture - products:
bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; balsa wood; fish, shrimp
Current account balance:
$-117 million (2003)
Exports:
$6.073 billion (2003 est.)
Exports - commodities:
petroleum, bananas, cut flowers, shrimp
Exports - partners:
US 41.5%, Colombia 5.6%, Germany 5.5%, South Korea 5.5% (2003 est.)
Imports:
$6.22 billion (2003 est.)
Imports - commodities:
consumer goods, industrial raw materials, capital goods
Imports - partners:
US 23.1%, Colombia 12.4%, Brazil 8.1%, Venezuela 6.9%, Chile 4.7%, Japan 4.1% (2003 est.)
Reserves of foreign exchange & gold:
$1.161 billion (2003)
Debt - external:
$15.69 billion (2003)
Economic aid - recipient:
$120 million (2001)
Currency:
US dollar (USD)
Currency code:
USD
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