Ecuador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2008-2009 , pp 135-140
- Publication Date: September 2011
- DOI: https://doi.org/10.18356/0256dfc5-en
- Language: English
Economic growth in Ecuador stood at 6.5% in 2008, significantly higher than the 2.5% posted in 2007. As in other countries of Latin America and the Caribbean, high prices for export commodities —in this case, crude oil— led to a sharp rise in fiscal revenue in 2007 and the first three quarters of 2008, which allowed the government to finance substantially higher public spending, especially public investment. Economic growth is expected to be only 1% in 2009, however, mainly because of lower oil prices.
© United Nations
ISBN (PDF):
9789210549127
Book DOI:
https://doi.org/10.18356/1659750f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Ecuador
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