)spirits: 0.61 liters of pure alcohol (2019 est. ), 59 deaths/100,000 live births (2017 est. Here is a list of the indicators. There are 130 different kinds of hummingbirds in Ecuador. On August 14, Ecuador commemorated its first national day against sexual violence in schools, complying with a 2020 Inter-American Court of Human Rights ruling in the Paola Guzman Albarracn case . )note: data are in 2017 dollars, 4.24% (2021 est. Here are some of them. Otavalo Market is a popular attraction for many tourists. In the next 30 years, he will be elected president five times and overthrown four times. From January through October 4, 2020 . To drive economic growth, the government of Ecuador is gravitating toward private sector investment. )investment in fixed capital: 24.3% (2017 est. In 2016, the Bank approved another operation for the Ibarra government[1] (USD52.5million). These challenges assume even greater urgency against a background of the many risks to the Ecuadorian economy and population arising from external factors such as war, a downturn in the worlds major economies, increased international interest rates, and food price inflation. )-$59.36 million (2019 est. By 1996, 20% of the countrys population earned half of all income. Fitch rating: B- (2020)Moody's rating: Caa3 (2020)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. These variants are influenced by indigenous accents. Gross National Income (GNI) per capita is a comparison tool used by the World Bank to measure a nations development level. Meanwhile, a wide range of other issues needs to be addressed such as improving access to. 70% of rural dwellers lived in poverty. ), forest revenues: 0.27% of GDP (2018 est. Adding insult to inaccuracy, when used in its modern context, Third World is considered to be a derogatory term that degrades countries which are developing and/or poor. Ecuador's high poverty and income inequality most affect indigenous, mixed race, and rural populations. The "Second World" countries were the Communist Bloc countries, including the Soviet Union, China, and their allies. In the next year, the office of the Attorney General announced that the investigation would be changed to Overreaching in the execution of an act of service rather than torture. The countrys rural poverty is severe. The rates continue to decline. ), 16.45 births/1,000 population (2022 est. Despite being a third-world country, there are wonderful sites to see and lots of discoveries to make. In 2017, about 8.7% of the population earned less than $3.20 per day. Journalists and media outlets face a hostile political and legal environment, press freedom groups say. Everything from the price of real estate and . The right to get an abortion is limited. )permanent crops: 5.6% (2018 est. It has a unique ecosystem including a variety of bird species and wildlife. note: data are in current year dollars, United States 30%, China 13%, Panama 8%, Chile 7% (2019), crude petroleum, crustaceans, bananas, fish, refined petroleum (2019), $28.567 billion (2021 est.) Ecuador Country Fact Sheet Government at a Glance Latin America and the Caribbean 2020 Government revenues in Ecuador have substantially increased In 2018, Ecuador was the country with the highest revenues as a share of GDP (35.8%) significantly above the LAC average (26.9%) and not far from the OECD average (37.4%). The government has increased its social spending to ameliorate these problems, but critics question the efficiency and implementation of its national development plan. It includes the whole of Central and South America, the whole of Africa, almost all Asian countries and numerous other island states. Ecuador is an upper middle-income economy with a GNI per capita of $5,930. 2010 - New law further increasing state control over oil industry comes into effect. What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Yes, it is. In summary, Ecuador is a third-world country. ), 47.3 (2020 est. In the next 30 years, he will be elected president five times and overthrown four times. DeSantis won't say he's running. The government is stable. Mexico Among Third World Countries And Developing Nations. )$2.69 billion (2020 est. Fiscal discipline will therefore play a critical role in preventing the recent oil price increase from generating a new round of procyclical spending growth leading to a drag on spending efficiency, perpetuating macroeconomic imbalances and preventing the creation of fiscal buffers. However, the official language of business, government, and religion is Spanish. Even though there are various cases of insecurity, safety isnt a major issue for most tourists. 1972 - Oil production starts and Ecuador emerges as a significant oil producer. (We Salute You, Our Homeland)lyrics/music: Juan Leon MERA/Antonio NEUMANEnote: adopted 1948; Juan Leon MERA wrote the lyrics in 1865; only the chorus and second verse are sung, total World Heritage Sites: 5 (3 cultural, 2 natural)selected World Heritage Site locales: Historic Quito (c); Galpagos Islands (n); Historic Cuenca (c); Qhapaq an/Andean Road System (c); Sangay National Park (n), highly informal South American economy; USD currency user; major banana exporter; hard hit by COVID-19; macroeconomic fragility from oil dependency; successful debt restructuring; China funding budget deficits; social unrest hampering economic activity, $189.88 billion (2021 est. There are thirteen indigenous languages spoken in Ecuador. Four years later he is deposed in a coup. ), $10,700 (2021 est. To achieve this, three things are essential: evidence-based decision. Third World countries were those neutral countries not aligned with either power. In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence. )$7.137 billion (31 December 2020 est. )consumption: 10,000 metric tons (2020 est. Ecuador is a fun place to be. Protests in Quito contributed to the mid-term ouster of three of Ecuador's last four democratically elected presidents. )investment in inventories: 1% (2017 est. The countrys public education has been expanded to improve universal literacy. However, well list just a few. Additionally, with a view to building the countrys capacity to produce timely, relevant data for decision-making, the World Bank, together with the National Statistics and Census Institute (INEC) and SENPLADES, prepared The Poverty Report, 2006 2014 and the Poverty and Consumption Inequality Map 2014. ), Atlantic Ocean drainage: Amazon (6,145,186 sq km), nearly half of the population is concentrated in the interior in the Andean intermontane basins and valleys, with large concentrations also found along the western coastal strip; the rainforests of the east remain sparsely populated, frequent earthquakes; landslides; volcanic activity; floods; periodic droughts, volcanism: volcanic activity concentrated along the Andes Mountains; Sangay (5,230 m), which erupted in 2010, is mainland Ecuador's most active volcano; other historically active volcanoes in the Andes include Antisana, Cayambe, Chacana, Cotopaxi, Guagua Pichincha, Reventador, Sumaco, and Tungurahua; Fernandina (1,476 m), a shield volcano that last erupted in 2009, is the most active of the many Galapagos volcanoes; other historically active Galapagos volcanoes include Wolf, Sierra Negra, Cerro Azul, Pinta, Marchena, and Santiago. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The first large-scale emigration of Ecuadorians occurred between 1980 and 2000, when an economic crisis drove Ecuadorians from southern provinces to New York City, where they had trade contacts. This has not always been Ecuadors official currency. According to Forbes, Ecuador is among the cheapest countries to live in. )according to 2021 statistics from Ecuador's Ministry of Telecommunications and Information Society, 50% of homes do not have access to fixed internet, total: 2,371,297 (2020 est. Even though primary education is free, some children may be unable to access it. Many women in Ecuador are at risk of getting unsafe abortions for the fear of prosecution. After a decade of prosperity, a less favorable external context demands that Ecuador ensure fiscal sustainability, strengthen the foundations of dollarization, promote new engines of growth and protect the social gains achieved. It also supported the National Risk Management Secretariat to develop a national disaster response strategy and a methodology to create sector programs in disaster risk management that address a variety of dangers and risks. To this end, it provided technical assistance to the National Statistics and Census Institute to publish water, sanitation and hygiene indicators for the first time in Ecuador. Those who violate the law may face a prison sentence. )consumption: 342.407 million cubic meters (2019 est. ), 36.051 million metric tonnes of CO2 (2019 est. Were they to be included, all but Monaco would likely rank as developing or least-developed countries. Moving To Laramie, Wyoming? ), $50.667 billion (2019 est. )imports: 10,000 metric tons (2020 est. The BBC is not responsible for the content of external sites. Even then, you can never be assured of 100% safety. )forest: 38.9% (2018 est. Cocoa is the dried and completely fermented fatty seed of the fruit of the small evergreen cocoa tree (Theobroma cacao) that is native to the Amazon rainforest.The word 'cocoa' comes from the Spanish term 'cacao,' which has in turn been derived from the Nahuatl term 'cacahuati.' Cocoa is a valuable crop that was first cultivated in . According to the Multiple Indicator Cluster Surveys (MICS), the infant mortality rate in Ecuador was ranked 45 out of 84 in 2018. Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru, total: 283,561 sq kmland: 276,841 sq kmwater: 6,720 sq kmnote: includes Galapagos Islands, total: 2,237 kmborder countries (2): Colombia 708 km; Peru 1529 km, territorial sea: 12 nmexclusive economic zone: 200 nmcontinental shelf: 200 nmnote: Ecuador has declared its right to extend its continental shelf to 350 nm measured from the baselines of the Galapagos Archipelago, tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands, coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente), highest point: Chimborazo 6,267lowest point: Pacific Ocean 0 mmean elevation: 1,117 mnote: because the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet farthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea level, agricultural land: 29.7% (2018 est. )tide and wave: 0% of total installed capacity (2020 est. )note: excludes oil refining, agriculture: 26.1%industry: 18.4%services: 55.5% (2017 est. To this end, the CPF prioritizes three work areas: Each area has results indicators. Its capital is Quito. To learn more about cookies, click here. Nine investment projects comprise the current portfolio, which totals USD 1.628 billion. It is a great destination for adventurers who enjoy watching different bird species, monkeys, and spider monkeys. Ecuador's minimum wage is US$366 per month in 2016. Beware of pickpockets when walking through crowded areas. )industrial: 549 million cubic meters (2017 est. In the countrys capital, it isnt uncommon to see children selling water and fruit. Laws give the government powers to regulate editorial content and impose sanctions. Hello! ! )imports: 0 cubic meters (2021 est. )1 (2017 est. In Latin America, Ecuadors economy is ranked 8th. 1941 - Peru invades and the next year Ecuador cedes some 200,000 square kilometres of disputed territory to Peru. This, three things are essential: evidence-based decision to improve universal.! 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