Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country’s export earnings and one-fourth of public sector revenues in recent years.. Macroeconomic statistics of Ecuador for 2019-2020 years. Published April 8, 2020 Updated April 14, 2020; Leer en español. Fig. Historical data, infographics, charts, and financial indicators on Take-profit.org. The economy of Ecuador shrank 12.4 percent year-on-year in the second quarter of 2020, following a downwardly revised 2.3 percent decline in the previous period. QUITO, Ecuador — Bodies left out on sidewalks. Recent years have seen Ecuador's economy depend more and more on the export of cocoa and bananas, of which Ecuador is the world's largest exporter and has been for several decades. Ecuadorian economy in numbers. Blogs about Ecuador. The civil service wage freeze, the non-replacement of one in two retirements, as well as the non-renewal of occasional contracts for the State will all affect consumption. Helping Ecuador Confront the Pandemic. Consumer prices fell 0.16% over the last month in September, which was softer than 0.32% drop logged in August. Source: Xinhua| 2020-11-27 06:56:12|Editor: huaxia. QUITO, Nov. 26 (Xinhua) -- Ecuador and Colombia on Thursday announced they were coordinating the gradual reopening of their shared border to reactivate their economies and tourism amid the novel coronavirus (COVID-19) pandemic. Presentation of Ecuador : Economy. Indigenous leaders: Help us stop oil companies drilling in Amazon. Ecuador's Contentious Electoral Tribunal (TCE) partially accepted Sunday a claim against the progressive coalition Union for Hope (UNES), thus delaying again the participation of running mates Andres Arauz- Carlos Rabascall in the presidential elections to be held in February next year. Visit our coronavirus section for all our coverage and sign up to receive the Daily Brief newsletter in your inbox every morning. Read more. GDP (billions USD): 109.44 (Source: IMF – World Economic Outlook Database, 2020) GDP (Constant Prices, Annual % Change):-6.3 (Source: IMF – … Calendar Forecast Indicators News. All news about Ecuador. The austerity measures put in place by the Moreno government to reduce public debt are weighing on household consumption and confidence. In the absence of fiscal savings, Ecuador has attempted to adapt its economy to a challenging global context with support from international organizations, including the World Bank Group. Ecuador - Economic Forecasts - 2020-2022 Outlook. Ecuador has been experiencing fluctuating growth over the last few years. Ecuador: pay TV market share 2020, by provider Colombia: revenue of business support activities 2014-2017 Brazil: mid-sized car cost in Rio de Janeiro 2014-2019 Ecuador Obtains US$506 Million from the World Bank to Strengthen its Covid-19 Response and Stimulate the Economy . Ecuador: Union for Hope Awaits Decision to Contest Elections. Ecuador’s economic freedom score is 51.3, making its economy the 158th freest in the 2020 Index. Ecuador was described in April as emerging as a possible "epicentre" of the pandemic in … Quito, capital of Ecuador, it focused on the interaction between MSW, wastewater and agricultural soils for the identification and suggestions of technical solutions and transition strategies of policies. Revenue collapsing while spending surges is by now a familiar narrative of how the COVID-19 pandemic is hurting governments’ finances across the globe. It was the fourth consecutive contraction and the sharpest on record, amid the coronavirus pandemic. 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