International Security Bulletin

Ecuador

Republic of Ecuador

Capital: Quito

The Ecuador Bulletin

Weekly Brief: September 28, 2015

Top Story Russia is escalating its military presence in Syria. American officials report (though Russia denies) that Russia has at least 28 warplanes deployed at an airbase near Latakia, on the Syrian coast. Russia also began flying surveillance missions in Syria with drones, a week after sending artillery and tanks to an airbase controlled by the Syrian government at […]

History

What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Quito became a seat of Spanish colonial government in 1563 and part of the Viceroyalty of New Granada in 1717. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia. When Quito withdrew in 1830, the traditional name was changed in favor of the "Republic of the Equator." Between 1904 and 1942, Ecuador lost territories in a series of conflicts with its neighbors. A border war with Peru that flared in 1995 was resolved in 1999. Although Ecuador marked 30 years of civilian governance in 2004, the period was marred by political instability. Protests in Quito contributed to the mid-term ouster of three of Ecuador's last four democratically elected Presidents. In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence. General elections were held in February 2013, and voters re-elected President Rafael CORREA.

Geography

Metric Units

Total Area 283,561 sq km
Land Boundaries 2,010 km
Border Countries Colombia 590 km, Peru 1,420 km
Coastline 2,237 km
Terrain coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente)
Minimum Elevation 0 m
Maximum Elevation 6,267 m
Climate tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands
Natural Resources petroleum, fish, timber, hydropower
Arable Land 4.51%
Permanent Crops 5.38%

Economy

Gross Domestic Product $134.7 billion
GDP (per capita) $8,800
GDP Growth 4%
Unemployment Rate 4.1%
Population in Poverty 27.3%
GINI Index 47.7

Budget & Debt

Expenditures $20.1 billion
Revenue $15.9 billion
Current Account Balance $-1.39 billion
External Debt $20.03 billion

Trade

Exports $23.77 billion
Export Items petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish
Export Partners US 37.8%, Panama 9.9%, Peru 6.2%, Venezuela 5.2%, Chile 4.9%, Russia 4.6% (2011)
Imports $24.67 billion
Import Items industrial materials, fuels and lubricants, nondurable consumer goods
Import Partners US 27.6%, China 10.1%, Colombia 9%, Panama 4.6%, Peru 4.5%, Brazil 4.3%, South Korea 4% (2011)

People

Population 15,439,429
Population Growth 1.4%
Ethnic Groups mestizo (mixed Amerindian and white) 71.9%, Montubio 7.4%, Afroecuadorian 7.2%, Amerindian 7%, white 6.1%, other 0.4% (2010 census)
Religion Roman Catholic 95%, other 5%
Life Expectancy 76.15 years
Infant Mortality 0.99 deaths/1,000 live births
Maternal Mortality 2 deaths/100,000 live births

Energy

Electricity Production 21.84 billion kWh
Electricity Consumption 14.92 billion kWh
From Fossil Fuels 56.2%
From Nuclear 0%
From Hydroelectric 41.7%
From Renewable Sources 2.1%