The market dates from the pre-Colombian period and remains to be interesting and different. ), 0 migrant(s)/1,000 population (2022 est. As a result, hunger, crime, and mortality rates are higher in comparison. 3. In environmental terms, there are plans to initiate an ecological transition through better natural resources management, taking steps to mitigate and adapt to climate change, and promoting the integrated management of water resources. Itiar Solar Museum tells you of the local people while Mitad Del Mundothe middle of a world monument shows you where French explorers stood to determine the equatorial line in 1736. )wind: 0.2% of total installed capacity (2020 est. Even though Ecuador is an amazing country, I think it has a few problems. 1972 - Oil production starts and Ecuador emerges as a significant oil producer. ), women married by age 15: 3.8%women married by age 18: 22.2% (2018 est. Quito became a seat of Spanish colonial government in 1563 and part of the Viceroyalty of New Granada in 1717. )exports: 1.826 billion kWh (2019 est. )crude oil estimated reserves: 8.273 billion barrels (2021 est. There are thirteen indigenous languages spoken in Ecuador. "Third World" lost its political root and came to refer to economically poor and non-industrialized countries, as well as newly industrialized countries. The Spanish language was introduced in Ecuador by the Spanish colonists during the 16th century. In 2016, it was 23.90%. Overview In 2020, Ecuador was the number 65 economy in the world in terms of GDP (current US$), the number 67 in total exports, the number 79 in total imports, the number 107 economy in terms of GDP per capita (current US$) and the number 101 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Ecuador are Crude Petroleum ($4.94B), Bananas ($3.83B . To achieve them, the World Bank, the International Finance Corporation (IFC, a WBG institution that supports the private sector) and the Multilateral Investment Guarantee Agency (MIGA, a WBG institution that offers insurance against political and investment risks) will collaborate to increase impact. The Top Cocoa Producing Countries In The World. CDC's Travelers' Health Web site contains detailed advice for health care providers. Read about our approach to external linking. These risks not only impact the countrys economic performance, but also affect consensus-building efforts to bring about social and political stability. It is free and the country has done a lot to avail it to disadvantaged groups. making; more efficient management of public resources; and better coordination between the different levels of government and sectors. ), deforestation; soil erosion; desertification; water pollution; pollution from oil production wastes in ecologically sensitive areas of the Amazon Basin and Galapagos Islands, party to: Antarctic-Environmental Protection, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whalingsigned, but not ratified: none of the selected agreements, particulate matter emissions: 14.91 micrograms per cubic meter (2016 est. The Galapagos Islands consist of 19 islands and lots of smaller islets. Its capital is Quito. The United Nations created the Human Development Index (HDI) in 1990. 1997 - Two million people march through Quito demanding the resignation of President Abdala Bucaram Ortiz after some prices rise by 600%. It was used from 1884 to 1999. The Third World The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc. total: 11,467,989 (2020 est. Under the new legislation, the Ecuadorean state will own 100% of oil and gas produced. Hawara: 'What happened was horrific and barbaric', The people who want you to believe the Ukraine war is fake, What we've learned from Alex Murdaugh murder trial. Secondary education is diverse. Nations are commonly characterized based on their GDP, employment growth, GDP per capita, and unemployment rate. The country exports lots of flowers, bananas, and cocoa. Everything from the price of real estate and . To ensure that tourism thrives in the nation, the government of Ecuador is focused on promoting ecotourism and even invites tourists to partake in ecotourism projects. )municipal solid waste recycled annually: 683,340 tons (2015 est. )biomass and waste: 1.5% of total installed capacity (2020 est. ), 36.051 million metric tonnes of CO2 (2019 est. What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Even then, you can never be assured of 100% safety. The World Bank Group works in every major area of development. The economy is poor and a big part of the population lives below the poverty line. Avoid walking around with valuables. Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru, total: 283,561 sq kmland: 276,841 sq kmwater: 6,720 sq kmnote: includes Galapagos Islands, total: 2,237 kmborder countries (2): Colombia 708 km; Peru 1529 km, territorial sea: 12 nmexclusive economic zone: 200 nmcontinental shelf: 200 nmnote: Ecuador has declared its right to extend its continental shelf to 350 nm measured from the baselines of the Galapagos Archipelago, tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands, coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente), highest point: Chimborazo 6,267lowest point: Pacific Ocean 0 mmean elevation: 1,117 mnote: because the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet farthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea level, agricultural land: 29.7% (2018 est. In the context of the Covid-19 pandemic, the World Bank is supporting the government to strengthen its public healthcare system, protect the most vulnerable population and create alternatives that enable the injection of liquidity and economic recovery. The government has increased its social spending to ameliorate these problems, but critics question the efficiency and implementation of its national development plan. note: data are in current year dollars$26.12 billion (2019 est.) However, it also has lots of amazing things to offer. (We Salute You, Our Homeland)lyrics/music: Juan Leon MERA/Antonio NEUMANEnote: adopted 1948; Juan Leon MERA wrote the lyrics in 1865; only the chorus and second verse are sung, total World Heritage Sites: 5 (3 cultural, 2 natural)selected World Heritage Site locales: Historic Quito (c); Galpagos Islands (n); Historic Cuenca (c); Qhapaq an/Andean Road System (c); Sangay National Park (n), highly informal South American economy; USD currency user; major banana exporter; hard hit by COVID-19; macroeconomic fragility from oil dependency; successful debt restructuring; China funding budget deficits; social unrest hampering economic activity, $189.88 billion (2021 est. Some analysts have suggested the country is on the edge of becoming a narco-state. Thus in Ecuador, both humans and nature have inalienable rights. This combination of confusion and disrespect has made Third World a largely obsolete term. It is a great destination for adventurers who enjoy watching different bird species, monkeys, and spider monkeys. ), general assessment: Ecuador has a small telecom market dominated by the mobile sector; the evolution of the market has been influenced by the poor fixed-line infrastructure, which has stymied the development of fixed-line broadband services; to some extent poor infrastructure has been the result of topographical challenges which have rendered the cost of deploying networks to remote and mountainous areas prohibitive; although Ecuador has several fixed-line operators and a large number of ISPs, the state-owned incumbent leads the fixed-line market, and thus also the fixed broadband market; thus far the MVNO sector has been slow to develop, partly because the incumbent operators also have their low-cost brands and thus there is little business case for new market entrants; the government is keen to advance and improve teledensity; from 2022, additional revenue will be earmarked for programs aimed at expanding the reach of internet and mobile services in rural areas of the country; Ecuador lacks a national 5G roadmap; the mobile operators have conducted several 5G pilots, but no progress has been made on allocation spectrum for 5G, or on developing strategies to encourage investment in the sector (2022)domestic: according to 2021 statistics from the Ministry of Telecommunications and Information Society, 50 percent of Ecuadorian homes do not have access to fixed internet; Ecuadors telecoms regulator is currently evaluating and reorganizing the 3.5GHz, 2.5 GHz, 700 MHz and AWS spectrum for future government tenders; 2G/3G technologies have a 91.11 percent of penetration and 4G technologies has 60.74 percent (2021); fixed-line teledensity is about 12 per 100 persons; mobile-cellular service with a subscribership of nearly 88 per 100 persons (2021)international: country code - 593; landing points for the SPSC (Mistral Submarine Cable), Panamerican Cable System (PAN-AM), Pacific Caribbean Cable System (PCCS), America Movil-Telxius West Coast Cable and SAm-1 submarine (SAm-1) cables that provide links to South and Central America, and extending onward to the Caribbean and the US; satellite earth station - 1 Intelsat (Atlantic Ocean) (2019)note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced a downturn, particularly in mobile device production; progress toward 5G implementation has resumed, as well as upgrades to infrastructure; consumer spending on telecom services has increased due to the surge in demand for capacity and bandwidth; the crucial nature of telecom services as a tool for work and school from home is still evident, and the spike in this area has seen growth opportunities for development of new tools and increased services. 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