Ecuador
The economy of Ecuador is based mostly on exports of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from nearly a million Ecuadorian emigrants employed abroad. Republic of Ecuador economic resources include petroleum, fish, timber, and hydropower. It exports petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish. And it imports industrial materials, fuels and lubricants, nondurable consumer goods

Descreptive Data

Unemployment, %5.9
Ages 15-24 Population Ratio, %41.862
Population Over 65, %10.3
Net Migration Rate182000
EIU Country Risk Score55
Fitch Sovereign RatingB-
S&P Sovereign RatingB-
Moody's Sovereign RatingB3
Big Mac Index

Economic Data

201620172018
Ability to Pay
Real GDP YOY%-1.5%2.9%0.8%
GDP Value (BLN USD)98103108
GDP per Capita (USD)591762176368
Currency Reserves ex Gold (BLN USD)3.81.71.9
Reserves 1Y Chg (%)81%-56%13%
Total External Debt (%GDP)36%45%
Total External Debt (BLN USD)3646
Budget Surplus/def (%GDP)
Inflation (Risk)
CPI (yoy %)1.7%0.4%-0.2%
Trade Balance
Current Account (% of GDP)1.5%-0.2%-1.4%
Exports (BLN USD)171922
Imports (BLN USD)162023
Unemployment Rate
Unemployment (%)6.7%5.4%4.8%

Financial Data

201620172018
Equity & Banking Sector (Risk)
1Y Price Change (%) (ECGUIPEC Index)-8.9%16%17%
EIU Banking Risk5955
Credit Market (Risk)
10Y Bond Spread (10Y UST)
5Y CDS
Foreign Exchange (Risk)
3 Month Deposit (%)4.8%3.5%3.6%
FX Vol - 3M Implied Vol117.37.3
Historical 3M Volatility9.25.97
Real Effective Exchange Rate117112117
Real Rates (%)3%3.1%3.9%

Political Risk

201620172018
Political Risk Exposure
EIU Political Risk6162
Risk From Doing Business
Ease of Doing Business Rank114114118
Starting a Business Rank165166168
Risk From Government
WGI Control Of Corruption-0.7-0.6-0.6
WGI Govt Effectiveness-0.4-0.3-0.3
WGI Regulatory Quality-1-1-0.9
WGI Rule Of Law-0.7-0.7-0.6
Deviation of Ecuador's risk relative to Geo Peers
-100 = min risk100 = max risk,
Less RiskPeer AverageMore Risk