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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:
CONSULTORÍA PARA LA PUESTA EN MARCHA, DISEÑO Y FISCALIZACIÓN DE LA OPTIMIZACIÓN DE LA PTAR MI LOTE
Country:
Ecuador
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Acquisition Of A Front Loader And A Mini Loader With Smooth Roller And Sweeper Accessories For The Municipal Gad Santiago De Quero
Country:
Ecuador
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Acquisition Of A Tourist Boat For The Promotion Of The Navigable Route
Country:
Ecuador
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Maintenance Of Laboratory Equipment At The La María Campus
Country:
Ecuador
Estimated Cost:
USD 82763
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Acquisition Of Dairy For The Department Of Nutrition
Country:
Ecuador
Estimated Cost:
USD 11001
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Contracting Of The Preventive Maintenance Service Of The Generating Sets, Automatic Transfer Boards And Main Distribution Boards Of The Hgnd
Country:
Ecuador
Estimated Cost:
USD 16370
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Monitoring And Control Of The Different Activities In The Areas Of Influence Of Water Recharge For Their Conservation And Protection.- Acquisition Of Chlorine And Chemicals For Disinfection And Potableization Of Water - Acquisition Of Spare Parts For Cylinders Of Chlorination Systems - Maintenance And Repair Service Of Cylinders For Chlorine Gas
Country:
Ecuador
Estimated Cost:
USD 130411
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
“Acquisition Of Chemicals For Maintenance Of Parks, Swimming Pools And Green Areas”
Country:
Ecuador
Estimated Cost:
USD 18950
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Acquisition Of Office Materials, To Be Used In The Different Dependencies Of The Gadmla
Country:
Ecuador
Estimated Cost:
USD 31746
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Acquisition Of Spare Parts, Accessories And Corrective Maintenance Services For The Automotive Park Of The Municipal Gad Of Arajuno
Country:
Ecuador
Estimated Cost:
USD 298763
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 

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