Ecuador PESTLE Insights - A Macroeconomic Outlook Report
Summary
Mining, manufacturing and utilities contributed 24% to the gross value added (GVA) in 2021, followed by financial intermediation, real estate and business activities (12.9%) and wholesale, retail and hotels (12.5%). In nominal terms, the three sectors are forecast to grow by 3.9%, 8% and 3.6%, respectively, in 2022.
Quito is the major region in Ecuador, which contributed 23.8% to the country’s GDP and comprised 15.1% of the country’s population in 2021, according to the GlobalData’s city database
The Ecuador ECUINDEX Index exhibited a volatile trend. As of December 2, 2022, the ECUINDEX Index stood at 1,259.3, compared to 1,172.0 on December 2, 2021.
Scope
- Ecuador plans to invest $70 million on rehabilitation and maintenance roadworks for Balbanera-Pallatanga-Cumanda and Baeza-Narupa-Huataraco-Coca (E45) in 2023
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
- Country Highlights
- Economy’s Recovery from COVID-19 Crisis
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- List of Figures/B>
- Exhibit 1: Ecuador’s performance in terms of its country risk analysis in comparison to Latin America and the world average
- Exhibit 2: Performance overview (Score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: ECUINDEX Index (December 2021 - December 2022)
- Exhibit 5: Key sectors’ contribution to the economy (2017-24f)
- Exhibit 6: FDI inflows, and FDI inward stock (2017-21)
- Exhibit 7: Greenfield FDI projects and net cross border M&As purchase deals in Ecuador (2017-21)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2017-24f)
- Exhibit 10: Real GDP growth rate comparison (2021)
- Exhibit 11: Export, import and trade balance (2017-24f)
- Exhibit 12: Current account balance (2017-24f)
- Exhibit 13: Top three commodity exports, % of total exports (2017-21)
- Exhibit 14: Mineral fuels, mineral oils and products of their distillation, % of world total exports (2021)
- Exhibit 15: Interest rates (January 2017 - November 2022)
- Exhibit 16: Exchange rate (2017-24f))
- Exhibit 17: Public finance (2017-24f)f)
- Exhibit 18: General government debt (2017-24f)
- Exhibit 19: Unemployment (2017-24f)
- Exhibit 20: Average annual wages (2017-24f)
- Exhibit 21: Labor force participation rate (2017-24f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: High-technology exports (% of manufactured exports) (2021)
- Exhibit 28: Doing business in Ecuador 2020
- Exhibit 29: Corruption perceptions index (rankings) (2021)
- Exhibit 30: CO2 emissions (2017-21)
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