Ecuador Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $9 9 billion (1984), $1,165 per capita; 60% private consumption, 21% gross investment, 12% public consumption, 7% foreign (1984); average annual growth late 2.7% (1978-84)

Natural resources: petroleum, fish, timber

Agriculture: main crops—bananas, coffee, cocoa, sugarcane, corn, potatoes, rice; an illegal producer of coca for the international drug trade

Fishing: catch 307,300 metric tons (1983); exports $219.3 million (1984), imports negligible

Major industries: food processing, textiles, chemicals, fishing, petroleum

Electric power- 1,700,000 kW capacity (1985); 3 575 billion kWh produced (1985), 380 kWh per capita

Exports: $2.6 billion (f.o.b., 1984); petroleum, fish products, coffee, bananas, cocoa

Imports: $1.6 billion (f.o.b., 1984), agricultural and industrial machinery, industrial raw materials, building supplies, chemical products, transportation and communication equipment

Major trade partners: exports (1984)—64% US, 13% Latin America and Caribbean 3% EC, 1% Japan: imports (19841—36% US, 22% Latin America and Caribbean, 21% EC, 7% Japan (1984)

Aid: economic—Western (non-US) ODA and OOF commitments (1970-83), $589 million; US economic (FY70-84), $279; Communist countries (1970-84), $51 million, military—US (FY70-84) $64 million

Budget: (1984) revenues, $1,088 million; expenditures, $1,110 million

Monetary conversion rate: 110 sucres= US$1 (31 January 1986)

Fiscal year: calendar year

NOTE: The information regarding Ecuador on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Ecuador 1986 information contained here. All suggestions for corrections of any errors about Ecuador 1986 should be addressed to the CIA or the source cited on each page.