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Ecuador

Welcome to the price transmission page for Ecuador. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Ecuador

Historic Warnings per Commodity

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Background information

Ecuador has abundant petroleum resources which also represent the country’s main source of income: in recent years, petroleum accounted for approximately a quarter of public sector earnings and more than half of the export revenues. An unstable legal and political framework hinders increased foreign investment, currently the level of FDI is one of the lowest in the region, and a consequent possible diversification of the economic structure. A serious bank crisis at the verge of the new century led to an increase in poverty rates, but some structural reforms such as adopting the dollar as the legal tender led to a stabilized economy again.

Agriculture gives employment opportunities to slightly more than one-fourth of the total workforce, producing a large variety of crops such as bananas, coffee, cocoa, rice, potatoes, cassava, plantains as well as sugarcane and accounting for nearly 6% of total GDP. Nevertheless, domestic cereals production is complemented by additional imports, accounting for broadly one-third of the total internal demand.

The upper middle-income country scored 0.732 on the HDI (2014) ranking among the countries with a high level of human development. The unemployment rate was estimated to average around 4.3%. Despite these facts, poverty and malnutrition need to be addressed: 4% of the population lives in extreme poverty and one child out of five is stunted. Finally, the GHI (2015) indicates hunger to be a moderate threat.