Ecuador Profile:
- Ecuador, officially the Republic of Ecuador is a representative democratic republic in north-western South America.
- One of 17 megadiverse countries in the world, Ecuador hosts many endemic plants and animals, such as those of the Galápagos Islands.
- Ecuador is a member of the United Nations and many regional groups, including the Rio Group, the Latin American Economic System, the Latin American Energy Organization, the Latin American Integration Association, the Bolivarian Alliance for the Peoples of Our America, the Andean Community of Nations, the Union of South American Nations (UNASUR) and The Bank of the South
- China has become Ecuador’s largest foreign lender since Quito defaulted in 2008, allowing the government to maintain a high rate of social spending; Ecuador contracted with the Chinese government for more than $9.9 billion in forwarding oil sales, project financing, and budget support loans as of December 2013.
- In March, 2015 Ecuador imposed tariff surcharges from 5% to 45% on an estimated 32% of imports.
Ecuador Economy:
- Ecuador is a middle-income country with a developing economy.
- Ecuador’s economy is the eighth largest in Latin America and is highly dependent on commodities, namely petroleum and agricultural products.
- Petroleum resources accounted for more than half of the country’s export earnings and approximately 25% of public sector revenues in recent years.
- The level of foreign investment in Ecuador continues to be one of the lowest in the region as a result of an unstable regulatory environment, weak rule of law, and the crowding-out effect of public investments.
- Ecuador’s economy fell into recession in 2015 and remained in recession in 2016. As a result, CORREA cut the budget twice in 2015, and reduced it further in 2016.
Ecuador Facts:
- Population: 16.3 million
- Capital: Quito
- Largest city: Guayaquil
- Area: 283,561 sq km
- Major language: Spanish (Castilian) 93%, Quechua 4.1%, other indigenous 0.7%
- Major religion: Roman Catholic 74%, Evangelical 10.4%, Jehovah’s Witness 1.2%, other 6.4%, atheist 7.9%, agnostic 0.1%
- Life expectancy: 74 years (Male), 80.1 years (Female)
- Monetary unit: 1 US Dollar(US$, USD) = 100 Cents
- Main exports: Petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish
- GNI per Capita: $11,050
Our Market Research Services in Ecuador:
- Market Research Fieldwork in Ecuador
- Qualitative Research in Ecuador
- Quantitative Research in Ecuador
- Aerospace Market Research in Ecuador
- Automotive Market Research in Ecuador
- Life science Market Research in Ecuador
- Chemical Market Research in Ecuador
- Construction Market Research in Ecuador
- Consumer Goods Market Research in Ecuador
- Education Market Research in Ecuador
- Energy and Power Market Research in Ecuador
- Engineering Market Research in Ecuador
- Financial Market Research in Ecuador
- Food and Beverage Market Research in Ecuador
- Healthcare Market Research in Ecuador
- Hospital Market Research in Ecuador
- Hospitality Market Research in Ecuador
- Entertainment Market Research in Ecuador
- Medical Devices Market Research in Ecuador
- Metals and Mining Market Research in Ecuador
- Oil and Gas Market Research in Ecuador
- Pharmaceutical Market Research in Ecuador
- Retail Market Research in Ecuador
- Telecommunication Market Research in Ecuador
- Transportation Market Research in Ecuador
- Travel and Tourism Market Research in Ecuador
We Employ A Wide Range of Research Techniques in Ecuador:
- Advertising Research in Ecuador
- Brand Research in Ecuador
- B2B Research in Ecuador
- Concept Testing in Ecuador
- Consumer Research in Ecuador
- Customer Satisfaction Research in Ecuador
- Entertainment Research in Ecuador
- Ethnographic Research in Ecuador
- Eye Tracking and Facial Coding in Ecuador
- Focus Groups in Ecuador
- Sensory Research in Ecuador
- Healthcare Research in Ecuador
- Industrial Research in Ecuador
- Lifestyle Research in Ecuador
- Media Communication Research in Ecuador
- Mystery Shopping in Ecuador
- One-on-One Research in Ecuador
- Package Research in Ecuador
- Secondary Research in Ecuador
- Sensory Research in Ecuador
- Usability Testing in Ecuador
How Can We Help You?
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