1945

Stimulated by the peak prices of coffee, cacao and bananas, Ecuador’s economy continued to expand at a rate which was probably higher than that of 1953. A first approximation of gross income in 1954 places it at least 8 per cent above the estimated figure for the previous year. The effect of the terms of trade resulted in a contribution equivalent to 6 per cent of gross income, the highest proportion registered in the period 1950-54.

Related Subject(s): Economic and Social Development
Countries: Ecuador
/content/books/9789210583572s003-c009
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