Ecuador Economy  

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ECUADOR
Budget: Income .............. $5.1 Billion
Expenditure ... $5.1 Billion

Main Crops:
bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; balsawood; fish, shrimp

Natural Resources: petroleum, fish, timber

Major Industries:
petroleum, food processing, textiles, metal work, paper products, wood products, chemicals, plastics, fishing, lumber

GDP (2002): $24.3 billion.
Real annual growth rate: 1996, 2.0%; 1997, 3.4%; 1998, 0.4%; 1999, -7.3%; 2000, 2.3%; 2001, 5.6%; 2002, 3.3%.
Per capita GDP: $1,959.
Natural resources: Petroleum, fish, shrimp, timber, gold.
Agriculture (34% of GDP): Products--Bananas, seafood, flowers, coffee, cacao, sugar, rice, corn, and livestock.
Industry (18.3% of GDP--oil and mining 15%): Types--Petroleum extraction, food processing, wood products, textiles, chemicals, and pharmaceuticals.
Trade: Exports--$5 billion: petroleum, bananas, shrimp, coffee, cacao, hemp, wood, fish, cut flowers. Major markets--U.S. 41%, Latin America 24%, European Union (EU) 14%, and Asia 10%.
Imports--$5.9 billion: industrial materials, nondurable consumer goods, agricultural products. Major suppliers--Latin America 39%, U.S.23%, EU 14%, and Asia 14%.

NATIONAL GNP