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Economy of Ecuador and business opportunities

Economy of 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. In 2002, oil accounted for about one-third of public-sector revenue and 40% of export earnings. Ecuador is the world's largest exporter of bananas ($936.5 million in 2002) and a major exporter of shrimp ($251 million in 2002). Exports of non-traditional products such as flowers ($291 million in 2002) and canned fish ($333 million in 2002) have grown in recent years. Industry is largely oriented to servicing the domestic market.

The industrial sector has had enormous difficulty to emerge significantly. The industrial sector's main problem is the deficit of energy, which the current government has tackled with the improvement of performance on existing hydro plants, and the creation of new ones. Such projects currently include negotiation of the Coca-Codo hydroplant. Incentives of financing, tributary incentives, tariffs, and others will be implemented, that is intended to benefit areas of tourism, foods process, renewable and alternative energies, bioenergies, pharmaceutical and chemical products, biochemical and environmental biomedecine, services, automotive metallurgical industry, footwear, and automotive parts and pieces, among others.

In the agricultural sector, Ecuador is a major exporter of bananas (first place worldwide in production and export), flowers, and the eighth largest producer of cocoa. It is also significant the shrimp production, sugar cane, rice, cotton, corn, palm and coffee. The country's vast resources include large amounts of timber across the country, like eucalyptus and mangroves.

The industry is concentrated mainly in Guayaquil, the largest industrial center, and in Quito where in recent years the industry has grown considerably, this city is also the largest business center of the country. Industrial production is directed primarily to domestic market. Despite this, there is limited export of products produced or processed industrially. These include canned foods, liquor, jewelry, furniture and more. A minor industrial activity is also concentrated in Cuenca.

Between 2006 and 2009, the government increased social spending, on social welfare, and education from 2.6% to 5.2% of its GDP. Starting in 2007 with an economy surpassed by the economic crisis, Ecuador was subject to a number of economic policy reforms by Government that have helped steer the Ecuadorian economy to a sustained, substantial, and focused to achieve financial stability and social policy.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Ecuador"

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This section contains economy and business opportunities and from Ecuador.
Ecuador Economy Ecuadorean Economy, business opportunities in Ecuador.
Summary:
“Serd Dmei Acquisition Of Supplies And Didactic Material For The Processes Of Psychopedagogical Care And Intervention Se”
Country:
Ecuador
Estimated Cost:
USD 16607
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
150 Mb Point-To-Point Internet Service Plus A Loop Of 20 Ip Addresses For The Main Building
Country:
Ecuador
Estimated Cost:
USD 20250
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Acquisition Of Spare Parts And Accessories For The Preventive And Corrective Maintenance Of The Automotive Park Of The Municipality Of Sevilla De Oro
Country:
Ecuador
Estimated Cost:
USD 24459
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Acquisition Of Security Cameras For The Dependencies Of The Decentralized Autonomous Government Of The Calvas Canton, Year 2024
Country:
Ecuador
Estimated Cost:
USD 13928
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Acquire Computer Equipment Such As Laptops, Cpus, Monitors And A Tablet To Strengthen The Daily Activities Of Fonag
Country:
Ecuador
Estimated Cost:
USD 16151
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Balanced Meal Service From Sunday To Friday For Athletes Benefiting With Food Scholarships, Permanent Concentration Scholarship From May To December 2024, Additionally Consider Temporarily Concentrated Athletes, According To The Call For The Different Sports Events Of The Year 2024
Country:
Ecuador
Estimated Cost:
USD 30040
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Photometer For Closed Reflux Cod And Digestor
Country:
Ecuador
Estimated Cost:
USD 8670
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Contracting For The Printing Of Forms To Distribute In The Operational Units Of The District Directorate 17D10 Cayambe – Pedro Moncayo, Salud”
Country:
Ecuador
Estimated Cost:
USD 10199
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Outsourced Print And Photocopy Service For The First Semester 2024 For The Operational Units Of The District Directorate 09D04 Febres Cordero Salud
Country:
Ecuador
Estimated Cost:
USD 26580
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Preventive And Corrective Maintenance Services For Vehicles And Ambulances Of The Macas General Hospital
Country:
Ecuador
Estimated Cost:
USD 38520
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
26 Apr 2024
 
 
 

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