Ecuador: Country Reports

♦ Facts

2019 China investments in Ecuador 

• Treaty on Economic and Technological Cooperation, including a RMB 20 million (about $3 million USD) in Chinese aid to Ecuador
• Executive Plan of Cooperation in Science and Technology; Lower Kafue Gorge hydro-power plant
• Cooperation document on oil trade finance between PRC Export-Import Bank and PetroEcuador.
• Loan to Ecuador from Chinese Banks for Dam developments (approx. $3.5 Billion)

2019 Trade Surplus -1.20% of GDP

3 Main Export commodities:

1. Oil (58% of total exports)
2. Shrimp
3. Bananas

3 Main Import commodities:

1. Vehicles
2. Medical products
3. Telecommunication equipment

2019 GDP $109 Billion, GDP per Capita $5185.09, up by $551.5 since 2010

2019, IFC input US $40 million

President:  Lenín Moreno

WHO participation:

Construction of health centers throughout the country, especially in the province of Guayas, which is most affected by these deaths. 

• • The total estimated cost of this measure is US$41 million, between hiring medical professionals, developing programs, and the state can cover US$20 million within the annual budget. 
  • The remaining US$21 million is to be obtained through measures such as reducing the salaries of top earning public servants.

2019 Population 17,373,662

Capital : Quito 1.848 million population

• 0-14 years: 26.64%
• 15-24 years: 18.19%
• 25-54 years: 39.82%
• 55-64 years: 7.67%
• 65 years and over: 7.67%

2019 contraceptive prevalence rate in Ecuador was 80.1%. 

♦ Telecom Subs

• Claro (Telcel)
• Movistar
• CNT

♦ The Ecuador Stock Exchange Market cap and other numbers:  

• Market Cap (USD): 8.168 Million

♦ Communications

*TELEPHONES

• Total subscriptions: 2,360,581
• Subscriptions per 100 inhabitants: 14 (2018 est.)
• Country comparison to the world: 56 (main lines in use compares the total number of main telephone lines in use).

*MOBILE CELLULAR

• Total subscriptions: 15,772,838
• Subscriptions per 100 inhabitants: 96 (2018 est.)
• Country comparison to the world: 65 (mobile cellular compares the total number of mobile cellular telephone subscribers).

♦ Investment Opportunities in The Ecuador Telecom Sector

• Movistar extends LTE service to 19 cities, launches VoLTE
• Tribemobile Ecuador launches as an MVNO
• Arcotel assumes role as integrated telecom sector regulator
• CNT expands reach of 1Gb/s fibre network

♦ Education Related 

Education System

Photo Credit : http://uis.unesco.org/

Illiterate Population

Photo Credit : http://uis.unesco.org/

Literacy Rate

Photo Credit : http://uis.unesco.org/

♦ Energy

ELECTRICITY ACCESS

*Collected from industry reports, national surveys, and international sources:

• Population without electricity: 500,000 (2016)
• Electrification – total population: 99.9% (2016)
• Electrification – urban areas: 100% (2016)
• Electrification – rural areas: 99.8% (2016)

PRODUCT PORTFOLIO