Click here to read Rabobank's economic vision for this country. The information and publications in this tab are prepared and made available by third parties and are only available in English. No rights can be derived. Rabobank is not responsible or liable for the information and publications. Click here for the full disclaimer.


Capital: Quito


Total Population: 16,385,068
Natural Increase: 1.5%
Density: 66 Inhabitants/km²
Urban Population: 64.0%
Ethnic Origins: Mestizo about 72%, Amerindian about 7%, Montubio about 7%, Afroecuadorian about 7%, Europeans about 6%, other about 1%
Official Language: Spanish
Other Languages Spoken: Amerindian languages, particularly Quechua
Business Language(s): English
Religion: Roman Catholic 95%, Other religions 5%.
Literacy Rate: 91.0%
National Currency: American Dollar (USD)
Exchange rate (average of the last 30 days):
1 USD = 0.8565 EUR

Country Overview

Area: 256,370 km²
Type of State: Democratic Republic.
Type of Economy: Lower-middle-income economy.
An economy heavily dependent on the petroleum sector; world's leading exporter of bananas and shrimp.
HDI*: 0.732/1
HDI (World Rank): 88/188

Note: (*) The HDI, Human Development Index, is an Indicator Which Synthesizes Several Data Such as Life Expectancy, Level of Education, Professional Careers, Access to Culture etc.


Telephone Code:
To call from Ecuador, dial 00
To call Ecuador, dial +593
Internet Suffix: .ec
Computers: 13.0 per 100 Inhabitants
Telephone Lines: 15.5 per 100 Inhabitants
Internet Users: 35.1 per 100 Inhabitants
Access to Electricity: 97.2% of the Population

Foreign Trade in Figures

Foreign Trade Indicators 20122013201420152016
Imports of Goods (million USD) 25,47727,14627,72621,51816,324
Exports of Goods (million USD) 23,76524,84825,72418,33116,798
Imports of Services (million USD) 3,0903,4013,4233,1183,232
Exports of Services (million USD) 1,6941,9112,2182,2172,109

Source: WTO – World Trade Organisation, 2017


© Export Entreprises SA, All Rights Reserved.
Last Updates: June 2018