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Ecuador is one of the economically backward countries in South America, with small economic scale and weak comprehensive economic strength. Rich in natural resources, but the industrial structure is single. Its economic growth mainly depends on oil, agriculture, animal husbandry and fishery, and its economic development is highly dependent on foreign countries.

Economic growth rate In 2009, Ecuador's GDP was US$ 52.022 billion; The per capita GDP is 37 14.4 1 USD; The GDP growth rate is 0.36%.

Table 2-1:GDP of Ecuador from 2003 to 2009

Annual gross domestic product (USD) per capita GDP (USD) growth rate

268.44 2120 3.0% in 2003

2004 326.35 2505 7.92%

2005 364.89 276 1 4.74%

2006 408.92 3050 4.07%

2007 444.89 3270 2.49%

2008 485.07 35 14 4.25%

2009 520.22 37 14 0.36%

GDP constitutes the primary industry of US$ 5,465,438 +0.4 billion, accounting for1%of GDP; The secondary industry is 6543.8 USD+09.796 billion USD, accounting for 38.05%; The tertiary industry was $26.802 billion, accounting for 565.438+0.52%. Although the proportion of primary, secondary and tertiary industries is relatively reasonable, primary resource agriculture accounts for an absolute proportion in the primary industry, with poor agricultural deep processing ability, relatively short industrial chain and low added value of agricultural products. The secondary industry of industrial manufacturing mainly relies on crude oil exploitation, and its deep processing and refining ability is also poor. Therefore, the overall industrial structure of Ecuador needs to be further optimized.

The Correa government came to power in early 2007, emphasizing sovereignty and the leading role of the government in the fields of resources, energy and economy, and increasing its intervention. Economic policies tend to be conservative and lack effective economic means and measures. In addition, affected by the world economic and food crisis, the main economic indicators in 2007 were not up to standard. In the first half of 2008, the oil price in the international market was high, the export income, mainly crude oil, surged, and the fiscal revenue and foreign exchange reserves increased significantly. However, due to the impact of the international financial tsunami, food crisis and oil price triggered by the subprime mortgage crisis in the United States, Eritrea's economy may still fall short of expectations in 2008. On June+10, 2008, the Ecuadorian government issued a decree and took a number of measures to deal with the impact and impact of the economic crisis on Ecuador's economy. In 2009, in order to promote the development of the national economy, the Ecuadorian government launched a series of major construction projects in the fields of hydropower, water conservancy, oil exploration and development, and communications. However, due to the economic crisis, the Ecuadorian government is short of funds, and builders are required to provide financing facilities in the bidding and negotiation of these projects, which provides opportunities for China enterprises to enter, and many Chinese enterprises have seized this opportunity to enter the Ecuadorian market.

Fiscal revenue and expenditure The central fiscal revenue mainly comes from non-oil revenue and oil revenue. In 2009, the total fiscal revenue was1158.2 billion USD, of which non-oil revenue was 9.284 billion USD and oil revenue was 2.298 billion USD. The fiscal expenditure in 2009 was1421800 million USD. The fiscal deficit was $2.636 billion, accounting for 5.07% of GDP.

By May of 20 10, Ecuador's total foreign debt was1106.9 billion US dollars, accounting for 2 1.28% of GDP, including 7.657 billion US dollars in foreign debt and 3.45 billion US dollars in domestic debt.

As of May 20 10, the foreign exchange reserve was 4.575 billion US dollars.

In 2009, the inflation rate in Ecuador was 0.42%.

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