The country relies heavily on oil export revenue; in . Read Also: Is Jamaica a Third World Country? Congress votes to dismiss him for mental incompetence. From July 2013 to June 2015, the World Bank portfolio included three operations (USD407.5million) requested by the sub-national governments of Manta, Quito and Guayaquil. VideoRecord numbers of guide dog volunteers after BBC story. 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. Additionally, these countries have lower living standards concerning health, education, and quality of life. Hello! ! ), municipal: 1.293 billion cubic meters (2017 est. However, the official language of business, government, and religion is Spanish. The BBC is not responsible for the content of external sites. )0.27% (2019 est.). 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. Pros and Cons of Living in Casper WY, Moving To Rio Vista, California? Ecuador is among the worlds biggest exporters of bananas. Ecuador has many geographical zones, including Andean peaks, tropical rainforests and - 1,000km (600 miles) off the coast - the volcanic Galapagos Islands, home to the animals and birds whose evolutionary adaptations shaped Charles Darwin's theories. These African-Ecuadorians are descendants of African slaves shipped to Ecuador by Spanish colonists. )$11,400 (2019 est. )3.81% (2019 est. From January through October 4, 2020 . )note: data are for urban households only, lowest 10%: 1.4%highest 10%: 35.4% (2012 est. )other: 31.4% (2018 est. Under the new legislation, the Ecuadorean state will own 100% of oil and gas produced. Manta, Quito, and Machala have high cases of taxi robbery. Make sure to visit any of these sites when youre in Ecuador. African Ecuadoreans make up 7% of Ecuadors population. Trust funds financed several advisory and technical assistance services in areas such as combating malnutrition, inclusion of disabled persons and improving the efficiency of the social protection system. )female: 4.2% (2020 est. However, third-world countries fall within any of the following categories. The islands are home to a unique ecosystem. )industry: 32.9% (2017 est. If you continue to navigate this website beyond this page, cookies will be placed on your browser. ), $10,700 (2021 est. This could be corrupt governance, political upheavals, or bad policies. Two provinces have the largest number of media outlets: Guayas has 172 media outlets and Pichincha has 130 media outlets. A ride on the train allows you to enjoy beautiful views of incredible gorges, rivers, and waterfalls. Nevertheless, the conditional cash transfer program, which requires participants' children to attend school and have medical check-ups, has helped improve educational attainment and healthcare among poor children. Like in any other country, there is a risk of being conned. However, the term was initially used to describe countries that were neutral during the cold war. Well, thats not surprising unless you didnt know that Ecuador is the worlds largest exporter of bananas. 2023 BBC. The crisis widened the macroeconomic imbalances that the country had struggled to overcome since the middle of the last decade. Countries that were politically neutral during the cold war were called the third world. )exports of goods and services: 20.8% (2017 est. note: data are in current year dollars, United States 30%, China 13%, Panama 8%, Chile 7% (2019), crude petroleum, crustaceans, bananas, fish, refined petroleum (2019), $28.567 billion (2021 est.) The United Nations High Commissioner for Refugees reported that, as of November, 385,042. Read Also: Is Mexico a Third World Country? )note: data are in 2017 dollars, 0.13% (2021 est. There are 130 different kinds of hummingbirds in Ecuador. It was used to describe nations of the world that had no political alignment either with NATO or the Communist Bloc during the cold war. Gross National Income (GNI) per capita is a comparison tool used by the World Bank to measure a nations development level. In the economic sphere, the plan seeks to improve employment opportunities and labor conditions by establishing a better investment and productivity environment, and continuing to improve the sustainability and transparency of public finances. 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. You can get as close to the wildlife as you please. ), 77.9% (2018/19)note: percent of women aged 15-50, improved: urban: 100% of populationrural: 87.1% of populationtotal: 95.4% of populationunimproved: urban: 0% of populationrural: 12.9% of populationtotal: 4.6% of population (2020 est. Third World countries were those neutral countries not aligned with either power. However, an economic crisis that heightened in 1999 caused Ecuadorians to convert their holdings to the US dollar at an exchange rate of $1 to 25,000 Sucre. ), improved: urban: 100% of populationrural: 96.9% of populationtotal: 98.9% of populationunimproved: urban: 0% of populationrural: 3.1% of populationtotal: 1.1% of population (2020 est. ), 6.43% (2021 est. Guillermo Lasso stood unsuccessfully for the presidency in 2013 and 2017 as candidate for his own centre-right CREO party. Projects currently being designed will be submitted to the World Banks Board of Directors before June 30, 2020. ), 0 migrant(s)/1,000 population (2022 est. Otavalo Market is a popular attraction for many tourists. The work areas and objectives established in the 2019-2023 CPF are interrelated and complementary. Through the technical assistance program, the World Bank finances studies on key aspects of development, including: (i) spending efficiency, (ii) transparency of production sectors, (iii) the labor market; and (iv) human capital development. Does It Snow In Italy? If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. This is 7.4% higher than that of 2020, which was $5,540 in 2019. Finally, "Third World" countries were countries that remained neutral and allied with neither side. ), 45.4% of GDP (2017 est. Long the heartland of a series of native Andean civilisations, it was taken over by the Peru-centred Inca Empire in the 15th Century, and then Spanish conquerors a century later. Developed countries are classified as high-income economies with a GNI per capita of 13,200 or more. Additionally, with a view to building the countrys capacity to produce timely, relevant data for decision-making, the World Bank, together with the National Statistics and Census Institute (INEC) and SENPLADES, prepared The Poverty Report, 2006 2014 and the Poverty and Consumption Inequality Map 2014. They may have poor infrastructure, low education levels, and poor access to health care. Ecuador is a fun place to be. Pros and Cons of Living in Adelaide, Living in Salem, Oregon (The Complete guide). A few sources claim Charles De Gaulle said it first, while others maintain that the United Nations had already begun using the terms in 1945 to describe the economic development of various countries. EXECUTIVE SUMMARY. However, since some non-aligned nations like Switzerland and Austria are developed, the conventional meaning of the term is said to be outdated and demeaning. Here is a list of the indicators. )1 (2020 est. The government has increased its social spending to ameliorate these problems, but critics question the efficiency and implementation of its national development plan. )imports: 10,000 metric tons (2020 est. ), municipal solid waste generated annually: 5,297,211 tons (2015 est. It also highlighted a number of structural weaknesses such as the lack of macroeconomic buffers, limited access to capital markets, a high rate of employment informality, an ill-prepared health system and marked disparities in access to public services. Visit the Definitions and Notes page to view a description of each topic. In 2016, the Bank approved another operation for the Ibarra government[1] (USD52.5million). To this end, the CPF prioritizes three work areas: Each area has results indicators. The San Francisco Church is the citys main attraction. I found Ecuador to be a great country for tourists. Prepared with the Government of Ecuador and taking into account consultations with different civil society and private sector groups, the CPF addresses the need to support macroeconomic stabilization, protect the most vulnerable sectors and reactivate sustainable growth. )2.3% of GDP (2020 est. The country's rural poverty is severe. At 85.43 percent, this is a considerable proportion of the world's population. ), 59 deaths/100,000 live births (2017 est. 20 % of the poorest people earned 5%. These definitions lasted throughout the Cold War (approx. It is a perfect gem with lots of attractions and wonderful people. ), total population: 78 yearsmale: 75.06 yearsfemale: 81.1 years (2022 est. 1997 - Two million people march through Quito demanding the resignation of President Abdala Bucaram Ortiz after some prices rise by 600%. )exports: 0 cubic meters (2021 est. )according to 2021 statistics from Ecuador's Ministry of Telecommunications and Information Society, 50% of homes do not have access to fixed internet, total: 2,371,297 (2020 est. 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 . Before dollarization in 2000, the official currency of Ecuador was Sucre. Ecuador is the third country with the highest volume of drug seizures , only behind Colombia and the United States, according to the World Drug Report 2022, presented this Monday, August 8, in Quito by the United Nations Office on Drugs ( UNODC ). Ecuador Country Fact Sheet Government at a Glance Latin America and the Caribbean 2020 Government revenues in Ecuador have substantially increased In 2018, Ecuador was the country with the highest revenues as a share of GDP (35.8%) significantly above the LAC average (26.9%) and not far from the OECD average (37.4%). The cost of living is very affordable. A New York Times analysis suggests that Ecuador's death toll is 15 times higher than its official tally of coronavirus deaths, highlighting the damage the virus can do in developing countries. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Protests in Quito contributed to the mid-term ouster of three of Ecuador's last four democratically elected presidents. Between 1904 and 1942, Ecuador lost territories in a series of conflicts with its neighbors. You dont have to empty your account to live in Ecuador. Read Also: Is India a Third World Country? With a background in both business and central and provincial government, he has pledged to cut taxes and state debt, and raise productivity and employment in the private sector. These risks not only impact the countrys economic performance, but also affect consensus-building efforts to bring about social and political stability. The slow rate of development in third-world countries is sometimes attributable to political instability. [1] Transport Infrastructure Project in Ibarra, Ecuador (P147280) to improve mobility of Ibarra and the use of recreational spaces around Yahuarcocha Lagoon. Even though the gap has reduced, there is still a significant gap between the rich and the poor. )crude oil estimated reserves: 8.273 billion barrels (2021 est. Results The health emergency caused by COVID-19 led to a deep recession that had a major impact on growing poverty levels in Ecuador. Third-world countries score between 00.8, which is not considered a very high score. )note: data represent persons at least 16 years of age from five Ecuadoran cities. Radio is a popular medium; there are hundreds of stations, some operating in indigenous languages. Ecuador is stalled at above replacement level fertility and the population most likely will keep growing rather than stabilize. )imports of goods and services: -21.3% (2017 est. total: 11,467,989 (2020 est. Is Ecuador a third world country? Ecuador continues its efforts to consolidate its macroeconomic stability and avoid an unsustainable increase in the debt. the Communication Council, an official entity, carried out a media registry in Ecuador in December 2020. It registered 956 media outlets, 89% are private, 5% are public and 6% belong to small communities. It continues to grow steadily over the years. Were they to be included, all but Monaco would likely rank as developing or least-developed countries. What are the Biggest Problems Facing Ecuador? ), conventional long form: Republic of Ecuadorconventional short form: Ecuadorlocal long form: Republica del Ecuadorlocal short form: Ecuadoretymology: the country's position on the globe, straddling the Equator, accounts for its Spanish name, name: Quitogeographic coordinates: 0 13 S, 78 30 Wtime difference: UTC-5 (same time as Washington, DC, during Standard Time)time zone note: Ecuador has two time zones, including the Galapagos Islands (UTC-6)etymology: named after the Quitu, a Pre-Columbian indigenous people credited with founding the city; the name is also a combination of two Tsafiki words: quitso (meaning "center" or "half") + to or tu ("the world"); the combination roughly translates as "center of the world" and reflects the fact that native peoples recognized that at the two annual equinoxes, the overhead sun in that area (only about 20 km (12 mi) north of the equator) did not display any shade and thus must be in the middle of the world, 24 provinces (provincias, singular - provincia); Azuay, Bolivar, Canar, Carchi, Chimborazo, Cotopaxi, El Oro, Esmeraldas, Galapagos, Guayas, Imbabura, Loja, Los Rios, Manabi, Morona-Santiago, Napo, Orellana, Pastaza, Pichincha, Santa Elena, Santo Domingo de los Tsachilas, Sucumbios, Tungurahua, Zamora-Chinchipe, Independence Day (independence of Quito), 10 August (1809), history: many previous; latest approved 20 October 2008amendments: proposed by the president of the republic through a referendum, by public petition of at least 1% of registered voters, or by agreement of at least one-third membership of the National Assembly; passage requires two separate readings a year apart and approval by at least two-thirds majority vote of the Assembly, and approval by absolute majority in a referendum; amendments such as changes to the structure of the state, constraints on personal rights and guarantees, or constitutional amendment procedures are not allowed; amended 2011, 2015, 2018, civil law based on the Chilean civil code with modifications; traditional law in indigenous communities, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, citizenship by birth: yescitizenship by descent only: yesdual citizenship recognized: noresidency requirement for naturalization: 3 years, 18-65 years of age; universal and compulsory; 16-18, over 65, and other eligible voters, voluntary, chief of state: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021); the president is both chief of state and head of governmenthead of government: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021)cabinet: Cabinet appointed by the presidentelections/appointments: president and vice president directly elected on the same ballot by absolute majority popular vote in 2 rounds if needed for a 4-year term (eligible for a second term); election last held on 7 February 2021 with a runoff on 11 April 2021 (next to be held in February 2025)election results: 2021: Guillermo LASSO Mendoza elected president; first round election results: percent of vote - Andres ARAUZ (UNES) 32.72%, Guillermo LASSO Mendoza (CREO) 19.74%, Yaku PEREZ Guartambel (MUPP) 19.38%, Xavier HERVAS Mora (Independent) 15.68%, other 12.48%; second round election results: percent of vote - Guillermo LASSO Mendoza (CREO) 52.5%, Andres ARAUZ (UNES) 47.5%2017: Lenin MORENO Garces elected president in second round; percent of vote - Lenin MORENO Garces (Alianza PAIS Movement) 51.1%, Guillermo LASSO (CREO) 48.9%, description: unicameral National Assembly or Asamblea Nacional (137 seats; 116 members directly elected in single-seat constituencies by simple majority vote, 15 members directly elected in a single nationwide constituency by proportional representation vote, and 6 directly elected in multi-seat constituencies for Ecuadorians living abroad by simple majority vote; members serve 4-year terms); note - all Assembly members have alternates from the same party who cast votes when a primary member is absent, resigns, or is removed from officeelections: last held on 7 February 2021 (next scheduled in February 2025)election results: percent of vote by party - UNES 32.21%, MUPP 16.81%, ID 11.98%, PSC 9.73%, CREO 9.65%, MC-PSE 3.76%, other 15.86%; seats by party - UNES 49, MUPP 27, ID 18, PSC 18, CREO 12, MC-PSE 2, independents 3, other 8; composition as of March 2022 - men 84, women 53, percent of women 38.7%; note - defections by members of National Assembly are commonplace, resulting in frequent changes in the numbers of seats held by the various parties, highest court(s): National Court of Justice or Corte Nacional de Justicia (consists of 21 judges, including the chief justice and organized into 5 specialized chambers); Constitutional Court or Corte Constitucional (consists of the court president and 8 judges)judge selection and term of office: candidates for the National Court of Justice evaluated and appointed justices by the Judicial Council, a 9-member independent body of law professionals; justices elected for 9-year, non-renewable terms, with one-third of the membership renewed every 3 years; candidates for the Constitutional Court evaluated and appointed judges by a 6-member independent body of law professionals; judges appointed for 4-year renewable termssubordinate courts: provincial courts (one for each province except Galapagos); fiscal, criminal, and administrative tribunals; Election Dispute Settlement Courts; cantonal courts, Avanza Party or AVANZA [Javier ORTI Torres]Central Democratic Movement or CD [Jimmy JAIRALA]Citizen Revolution Movement or MRC or RC5 [Rafael CORREA]Creating Opportunities Movement or CREO [Guillermo LASSO]Democratic Left or ID [Rodrigo BORJA Cevallos]Forward Ecuador Movement [Alvaro NOBOA]Pachakutik Plurinational Unity Movement or MUPP [Marlon Rene SANTI Gualinga]Patriotic Society Party or PSP [Lucio Edwin GUTIERREZ Borbua]Popular Democracy Movement or MPD [Luis VILLACIS]Social Christian Party or PSC [Jaime NEBOT Saadi]Socialist Party [Gustavo VALLEJO] Society United for More Action or SUMA [Guillermo CELI], CAN, CD, CELAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, OPEC, Pacific Alliance (observer), PCA, PROSUR, SICA (observer), UN, UNAMID, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNISFA, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, chief of mission: Ambassador Ivonne Leila Juez De A-BAKI (since 6 February 2020)chancery: 2535 15th Street NW, Washington, DC 20009telephone: [1] (202) 234-7200FAX: [1] (202) 333-2893email address and website: embassy@ecuador.orghttp://www.ecuador.org/consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, Minneapolis, New Haven (CT), New Orleans, New York, Newark (NJ), Phoenix, San Francisco, chief of mission: Ambassador Michael J. FITZPATRICK (since 3 July 2019)embassy: E12-170 Avenida Avigiras y Avenida Eloy Alfaro, Quitomailing address: 3420 Quito Place, Washington DC 20521-3420telephone: [593] (2) 398-5000email address and website: ACSQuito@state.govhttps://ec.usembassy.gov/consulate(s) general: Guayaquil, three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; the flag retains the three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830; the yellow color represents sunshine, grain, and mineral wealth, blue the sky, sea, and rivers, and red the blood of patriots spilled in the struggle for freedom and justicenote: similar to the flag of Colombia, which is shorter and does not bear a coat of arms, Andean condor; national colors: yellow, blue, red, name: "Salve, Oh Patria!"
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