Data based on the latest United Nations Population Division estimates. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia. However, an economic crisis that heightened in 1999 caused Ecuadorians to convert their holdings to the US dollar at an exchange rate of $1 to 25,000 Sucre. Ecuador, country of northwestern South America. Here are the 10 countries with the lowest human development indexes: Least Developed Countries - United Nations, UN Human Development Data - United Nations, List of Least Developed Countries - 2021-02 - United Nations, Countries of the Third World - NationsOnline. These risks not only impact the countrys economic performance, but also affect consensus-building efforts to bring about social and political stability. )spirits: 0.61 liters of pure alcohol (2019 est. If you are curious about the classification of Ecuador, then keep reading to learn more. note: data are in current year dollars, United States 22%, China 18%, Colombia 9%, Panama 5% (2019), refined petroleum, coal tar oil, cars, packaged medicines, soybean products (2019), $7.912 billion (31 December 2021 est. In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence. Prepared with the Government of Ecuador and taking into account consultations with different civil society and private sector groups, the CPF addresses the need to support macroeconomic stabilization, protect the most vulnerable sectors and reactivate sustainable growth. )43.2% of GDP (2016 est. Even though primary education is free, some children may be unable to access it. )imports: 10,000 metric tons (2020 est. Were they to be included, all but Monaco would likely rank as developing or least-developed countries. In 2022, Ecuador was beset by rising gang violence linked to Mexican drug cartels, including shootings and car bombings. An example of data being processed may be a unique identifier stored in a cookie. There are more than 100 secondary schools and education is free from Grade seven to nine. )government consumption: 14.4% (2017 est. Even though enrolment to primary schools is over 95%, about 25% of children drop out before getting to the sixth grade. It also prioritizes investments in strategic sectors for development, such as education, transportation, water and sanitation. The Inca ruins in Caar Province echo the stories of the Incar and Caari people. )$2.939 billion (31 December 2019 est. ), number of registered air carriers: 7 (2020)inventory of registered aircraft operated by air carriers: 35annual passenger traffic on registered air carriers: 5,365,261 (2018)annual freight traffic on registered air carriers: 64.2 million (2018) mt-km, total: 104over 3,047 m: 42,438 to 3,047 m: 51,524 to 2,437 m: 18914 to 1,523 m: 26under 914 m: 51 (2021), total: 328914 to 1,523 m: 37under 914 m: 291 (2021), 485 km extra heavy crude, 123 km gas, 2,131 km oil, 1,526 km refined products (2017), total: 965 km (2022)narrow gauge: 965 km (2022) 1.067-m gaugenote: passenger service limited to certain sections of track, mostly for tourist trains, total: 43,950 km (2022)paved: 8,895 km (2022)unpaved: 35,055 km (2022), total: 145by type: container ship 1, general cargo 7, oil tanker 27, other 110 (2021), major seaport(s): Esmeraldas, Manta, Puerto Bolivarcontainer port(s) (TEUs): Guayaquil (2,163,151) (2021)river port(s): Guayaquil (Guayas), Ecuadorian Armed Forces: the Ecuadorian Army (Ejrcito Ecuatoriano), Ecuadorian Navy (Armada del Ecuador, Fuerza Naval del Ecuador, FNE; includes naval infantry, naval aviation, coast guard), Ecuadorian Air Force (Fuerza Aerea Ecuatoriana, FAE) (2022)note: the National Police of Ecuador (Polica Nacional del Ecuador) is under the Ministry of Government, 2% of GDP (2021 est. The Yasuni National Park and Cuyabeno Reserve are some of the most special parts of the rainforest. Nine investment projects comprise the current portfolio, which totals USD 1.628 billion. )0.01% (2019 est. Read about our approach to external linking. The government is stable. It is bordered by the Pacific Ocean, Peru, and Colombia. 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%). Ecuador is among the worlds biggest exporters of bananas. Station master arrested after dozens killed in Greece train crash, Survivors describe 'nightmarish seconds' as trains crashed, Covid origin likely China lab incident - FBI chief, Blackpink lead top stars back on the road in Asia, 'Wales is in England' gaffe sparks TikToker's trip, Ukraine war casts shadow over India's G20 ambitions, Record numbers of guide dog volunteers after BBC story. ), $29.325 billion (2021 est.) The slow rate of development in third-world countries is sometimes attributable to political instability. Ecuador is one of the most environmentally diverse countries in the world, and it has contributed notably to the environmental sciences. ), $50.667 billion (2019 est. ), 36.051 million metric tonnes of CO2 (2019 est. 2018 - Ecuadoreans vote in a referendum to prevent presidents from holding more than two terms in office. It also highlighted a number of structural weaknesses such as the lack of macroeconomic buffers, limited access to capital markets, a high rate of employment informality, an ill-prepared health system and marked disparities in access to public services. ), 0 migrant(s)/1,000 population (2022 est. )$2.69 billion (2020 est. Long the heartland of a series of native Andean civilisations, it was taken over by the Peru-centred Inca Empire in the 15th Century, and then Spanish conquerors a century later. Many women in Ecuador are at risk of getting unsafe abortions for the fear of prosecution. )$197.549 billion (2019 est. This shifting definition has led to significant confusion as to which countries could correctly be called Third World today. These African-Ecuadorians are descendants of African slaves shipped to Ecuador by Spanish colonists. With respect to transportation, the World Bank mobilized resources to build institutional capacities at the national and sub-national levels to compile and produce statistics on traffic accidents through the National Transit Agency. )1 (2019 est. The capital Quito is listed by Unesco as a World Heritage Site, The Galapagos Islands - home to blue-footed boobies and iguana - are an offshore territory of Ecuador. With some common sense, you can tour most parts of the country without any challenges. ), total subscriptions: 2,063,044 (2020)subscriptions per 100 inhabitants: 12 (2020 est. Meanwhile, a wide range of other issues needs to be addressed such as improving access to. This has not always been Ecuadors official currency. )2.2% of GDP (2019) (approximately $2.98 billion)2.4% of GDP (2018) (approximately $3.14 billion)2.4% of GDP (2017) (approximately $3.1 billion), approximately 40,000 active military personnel (25,000 Army; 9,000 Navy; 6,000 Air Force) (2022), the military's equipment inventory is mostly older and derived from a wide variety of sources; in recent years, Ecuador has received limited amounts of military equipment from more than 15 countries, including Brazil, China, Russia, and the US (2022), 18 years of age for selective conscript military service, although conscription was suspended in 2008; 18 years of age for voluntary military service; Ecuadorian birth requirement; 1-year service obligation; females have been allowed to serve in all branches since 2012 (2022)note: in 2017, women made up an estimated 3% of the military, border conflicts with Peru dominated the militarys focus until the late 1990s; as of 2023, border security remained a priority, but in more recent years, security challenges have shifted towards counterinsurgency and counter-narcotics operations, particularly in the northern border area where violence and other criminal activity related to terrorism, insurgency, and narco-trafficking in Colombia, as well as refugees from Venezuela, has spilled over the border; troop deployments along the border with Colombia were scaled back following the 2016 signing of a peace agreement between the Colombian Government and the Revolutionary Armed Forces of Colombia (FARC) terrorist group (see Appendix T), but recent violence associated with FARC dissidents to the agreement have led Ecuador and Colombia to reinforce their shared border; since 2012, the Ecuadorian Government has also expanded the militarys role in general public security and counter-narcotics operations, in part due to rising violence, police corruption, and police ineffectiveness, the military has had a large role in Ecuadors political history; it ruled the country from 1963-1966 and 1972-1979, and supported a dictatorship in 1970-1972; during the 1980s, the military remained loyal to the civilian government, but civilian-military relations were at times tenuous, and the military had considerable autonomy from civilian oversight; it was involved in coup attempts in 2000 and 2010, the International Maritime Bureau continues to report the territorial and offshore waters of Ecuador as at risk for piracy and armed robbery against ships; vessels, including commercial shipping and pleasure craft, have been attacked and hijacked both at anchor and while underway; crews have been robbed and stores or cargoes stolen; there has been a slight decrease with four attacks reported in 2021 and five in 2020; one ship was boarded while underway and two ships were fired upon, organized illegal narcotics operations in Colombia penetrate across Ecuador's shared border, refugees (country of origin): 65,854 (Colombia) (refugees and asylum seekers) (2021); 513,900 (Venezuela) (economic and political crisis; includes Venezuelans who have claimed asylum, are recognized as refugees, or have received alternative legal stay) (2022), Ecuador is a major transit country for illicit drugs such as cocaine, heroin and chemical precursors to process cocaine from Colombia and Peru; not a major drug producing country, total population growth rate v. urban population growth rate, 2000-2030, Children under the age of 5 years underweight, School life expectancy (primary to tertiary education), International law organization participation, Gini Index coefficient - distribution of family income, Household income or consumption by percentage share, Civil aircraft registration country code prefix, Military and security service personnel strengths, Military equipment inventories and acquisitions, Refugees and internally displaced persons, Center for the Study of Intelligence (CSI). health care and education, seriously tackling chronic child malnutrition, upgrading public safety and strengthening the justice system. )1 (2018 est. 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