Ecuador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2007-2008 , pp 151-157
- Publication Date: December 2010
- DOI: https://doi.org/10.18356/951c4421-en
- Language: English
The economic growth rate in Ecuador was 1.7% for the first three quarters of 2007, and preliminary estimates from the central bank suggest that the figure for the full year will be 2.7%. This reflects a slowing of economic growth, which had stood at 6% in 2005 and 3.9% in 2006. This figure, among the lowest growth rates in Latin America for 2007, was mainly due to falls in oil production and the investment rate, despite the favourable world situation in terms of the prices of the country’s exports and the depreciation of the dollar against the currencies of its trade partners. The economy is expected to grow by 3% in 2008.
© United Nations
ISBN (PDF):
9789210544580
Book DOI:
https://doi.org/10.18356/e73a5c2b-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Ecuador
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