economy of ecuador.pptx

1
The economy of Ecuador is based mostly on exports of bananas , oil , shrimp , gold , other primary agricultural products and money transfers from nearly a million Ecuadorian emigrants employed abroad. In 2002, oil accounted for about one-third of public sector revenue and 40% of export earnings. Ecuador is the world's largest exporter of bananas ($936.5 million in 2002) and a major exporter of shrimp ($251 million in 2002). Exports of non-traditional products such as flowers ($291 million in 2002) and canned fish ($333 million in 2002) have grown in recent years. Industry is largely oriented to servicing the domestic market. Ecuador's economy is the eighth largest in Latin America after Brazil, Mexico, Argentina, Colombia, Venezuela, Peru and Chile. Ecuador's economy has presented a robust and sustained growth in recent years, growing as several achievements have not gone into recession during the global economic crisis of 2009, despite having no currency propia.8 From 2007 there was a change of helm in economic policy, paying the entire debt with the IMF and away from their deposits limiting public spending country.9 such was the submission to the agency that had a whole floor in the Central Bank of Ecuador, where monitored the national economy, and even paid arriendo.10 After the successful renegotiation of the foreign debt, Ecuador has concentrated its efforts to diversify its energy, pay the huge social debt and increase public investment in infrastructure: hydropower, roads, airports , hospitals, schools, etc..

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Page 1: Economy of Ecuador.pptx

The economy of Ecuador is based mostly on exports of bananas, oil, shrimp, gold, other primary agricultural products and money transfers from nearly a million Ecuadorian emigrants employed abroad. In 2002, oil accounted for about one-third ofpublic sector revenue and 40% of export earnings. Ecuador is the world's largest exporter of bananas ($936.5 million in 2002) and a major exporter of shrimp ($251 million in 2002). Exports of non-traditional products such as flowers ($291 million in 2002) and canned fish ($333 million in 2002) have grown in recent years. Industry is largely oriented to servicing the domestic market.

Ecuador's economy is the eighth largest in Latin America after Brazil, Mexico, Argentina, Colombia, Venezuela, Peru and Chile.Ecuador's economy has presented a robust and sustained growth in recent years, growing as several achievements have not gone into recession during the global economic crisis of 2009, despite having no currency propia.8 From 2007 there was a change of helm in economic policy, paying the entire debt with the IMF and away from their deposits limiting public spending country.9 such was the submission to the agency that had a whole floor in the Central Bank of Ecuador, where monitored the national economy, and even paid arriendo.10 After the successful renegotiation of the foreign debt, Ecuador has concentrated its efforts to diversify its energy, pay the huge social debt and increase public investment in infrastructure: hydropower, roads, airports , hospitals, schools, etc..