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10 March, 2021updated 29 Oct 2021 17:47

Investing in Ecuador: what you need to know

All of the key data and information needed when considering investing in Ecuador.

By Carmen

As of 2021, Ecuador has a population of 17.9 million, making it the 67th largest country in the world by this measure. There are 50% males and 50% females.

There are 8 million people employed in Ecuador, with an unemployment rate of 4.4% – 431,070 people.

Ecuador is the 187th largest economy in the world with a GDP of $111.1bn. Ecuador’s GDP has grown by 59% between 2010 and 2021 and is expected to grow by 13% by 2025.

As of 2015 there were 669,437 students in tertiary education in Ecuador, with 1.9 million students in secondary and 1.9 million in primary education. Ecuador spent 6.3% of its GDP on education in 2019.

Ecuador ranked 129th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 123rd. In the World Economic Forum’s Global Competitiveness Report (2019), Ecuador finished 90th, after ranking 90th in 2018.

Public healthcare expenditure totalled $4.7bn and private healthcare expenditure equalled $4.1bn in 2018.

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