According to the Multiple Indicator Cluster Surveys (MICS), the infant mortality rate in Ecuador was ranked 45 out of 84 in 2018. Third-world countries score between 00.8, which is not considered a very high score. ), total population: 78 yearsmale: 75.06 yearsfemale: 81.1 years (2022 est. According to the UN High Commissioner for Refugees (UNHCR), Ecuador hosted over 415,000 Venezuelans as of the end of 2020. making; more efficient management of public resources; and better coordination between the different levels of government and sectors. A ride on the train allows you to enjoy beautiful views of incredible gorges, rivers, and waterfalls. According to Forbes, Ecuador is among the cheapest countries to live in. ), $50.667 billion (2019 est. It is bordered by the Pacific Ocean, Peru, and Colombia. ), 16.45 births/1,000 population (2022 est. World heritage sites are natural or man-made sites legally protected by the United Nations Educational, Scientific and Cultural Organization (UNESCO) for their international value. Most countries have a nation-wide minimum wage that all workers must be paid. The answer to this question varies depending upon when in history one asks the question. In 2016, there were leaked video recordings of prison guards assaulting inmates. Although Ecuador marked 30 years of civilian governance in 2004, the period was marred by political instability. Finally, "Third World" countries were countries that remained neutral and allied with neither side. )crude oil estimated reserves: 8.273 billion barrels (2021 est. It includes the whole of Central and South America, the whole of Africa, almost all Asian countries and numerous other island states. Since most of the non-aligned nations were either poor and developing or developing nations, the phrase became a conventional way to describe such nations after the cold war. Dependence on Developed Nations for Support The capital Quito is listed by Unesco as a World Heritage Site, The Galapagos Islands - home to blue-footed boobies and iguana - are an offshore territory of Ecuador. Fitch rating: B- (2020)Moody's rating: Caa3 (2020)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. )arable land: 4.7% (2018 est. )other alcohols: 0.03 liters of pure alcohol (2019 est. ), definition: age 15 and over can read and writetotal population: 93.6%male: 94.8%female: 92.5% (2020), total: 15 yearsmale: 14 yearsfemale: 15 years (2020), total: 14.2%male: 11.4%female: 18.8% (2021 est. In the context of the Covid-19 pandemic, the World Bank is supporting the government to strengthen its public healthcare system, protect the most vulnerable population and create alternatives that enable the injection of liquidity and economic recovery. The crisis widened the macroeconomic imbalances that the country had struggled to overcome since the middle of the last decade. Even though enrolment to primary schools is over 95%, about 25% of children drop out before getting to the sixth grade. ), municipal: 1.293 billion cubic meters (2017 est. the Communication Council, an official entity, carried out a media registry in Ecuador in December 2020. It registered 956 media outlets, 89% are private, 5% are public and 6% belong to small communities. ), $29.325 billion (2021 est.) To drive economic growth, the government of Ecuador is gravitating toward private sector investment. Data based on the latest United Nations Population Division estimates. Furthermore, since it is highly vulnerable to climate change, Ecuador is striving to mitigate the effects of the global climate challenge and, with private sector assistance, to dissociate the growth of its economy from greenhouse gas emissions. It is the worlds top banana exporter. The Amazon Rainforest in Ecuador is rich in wildlife. A liberal supporter of the free market, Mr Lasso ended 14 years of centre-left rule when he won the 2021 presidential election, narrowly beating his socialist opponent Andes Arauz. ), production: 342.407 million cubic meters (2019 est. In the next 30 years, he will be elected president five times and overthrown four times. However, its independence is questionable. Is Mexico a Third World Country? Roman Catholic 68.8%, Evangelical 15.4%, Adventist 1.2%, Jehovah's Witness 1%, other 1.3%, agnostic or atheist 1.4%, none 10.1%, don't know/no response 1% (2020 est. In 2016, the Bank approved another operation for the Ibarra government[1] (USD52.5million). This has not always been Ecuadors official currency. note: data are in current year dollars$19.877 billion (2020 est.) Enhancing institutional and environmental sustainability. Nine investment projects comprise the current portfolio, which totals USD 1.628 billion. It was used from 1884 to 1999. By 1996, 20% of the countrys population earned half of all income. Read Also: Is India a Third World Country? DeSantis won't say he's running. For a long time, the country has struggled with an unequal distribution of resources. ), forest revenues: 0.27% of GDP (2018 est. It is a beautiful city filled with colonial architecture and monuments. "Third World" lost its political root and came to refer to economically poor and non-industrialized countries, as well as newly industrialized countries. )from coal and metallurgical coke: 45,000 metric tonnes of CO2 (2019 est. Radio is a popular medium; there are hundreds of stations, some operating in indigenous languages. A New York Times analysis suggests that Ecuador's death toll is 15 times higher than its official tally of coronavirus deaths, highlighting the damage the virus can do in developing countries. Quito is Ecuadors capital. In 2017, about 8.7% of the population earned less than $3.20 per day. The poverty rates vary depending on the region. )industry: 32.9% (2017 est. There are thirteen indigenous languages spoken in Ecuador. After a decade of prosperity, a less favorable external context demands that Ecuador ensure fiscal sustainability, strengthen the foundations of dollarization, promote new engines of growth and protect the social gains achieved. Ecuador Below are all indicators in our database for which this country has a value. )wine: 0.09 liters of pure alcohol (2019 est. Guillermo LASSO was elected president in April 2021 becoming the country's first center-right president in nearly two decades when he took office the following month. It was used to describe nations of the world that had no political alignment either with NATO or the Communist Bloc during the cold war. To drive economic growth, the government of Ecuador is gravitating toward private sector investment. note: data are in current year dollars, United States 22%, China 18%, Colombia 9%, Panama 5% (2019), refined petroleum, coal tar oil, cars, packaged medicines, soybean products (2019), $7.912 billion (31 December 2021 est. Some of the officers involved were never implicated. ), total: 11.3% (2020 est. From January through October 4, 2020 . The indigenous languages spoken in Ecuador are: The United States Dollar is the official currency of Ecuador. Expected years of schooling and mean years of schooling, Low-income economies with GNI per capita of $1,085 or less, Lower middle-income economies with GNI per capita between $1,086 and $4,225, Upper middle-income economies with GNI per capita between $4,256 and $13,205, Historical Centre of Santa Ana de los Ros. Yes, it is. 2010 - New law further increasing state control over oil industry comes into effect. However, an economic crisis that heightened in 1999 caused Ecuadorians to convert their holdings to the US dollar at an exchange rate of $1 to 25,000 Sucre. Despite being a third-world country, there are wonderful sites to see and lots of discoveries to make. In the economic sphere, the plan seeks to improve employment opportunities and labor conditions by establishing a better investment and productivity environment, and continuing to improve the sustainability and transparency of public finances. Healthy Swimming. )agricultural: 8.076 billion cubic meters (2017 est. 1934 - Dr Jose Maria Velasco Ibarra is elected president. What are the Biggest Problems Facing Ecuador? Developing a human capital with skills adapted to labor market needs, coupled with policies based on evidence and recent information, will drive inclusive growth as well as improve the countrys resilience to disasters and macroeconomic shocks. Long the heartland of a series of native Andean civilisations, it was taken over by the Peru-centred Inca Empire in the 15th Century, and then Spanish conquerors a century later. Its capital is Quito. )imports: 10,000 metric tons (2020 est. 83 per 1000 live births. Ecuador becomes fully independent in 1830. However, the official language of business, government, and religion is Spanish. Due to its biodiversity, richness in history, and culture, tourists troop into Ecuador yearly to see the wonder bequeathed to the country by nature. There are 130 different kinds of hummingbirds in Ecuador. These risks not only impact the countrys economic performance, but also affect consensus-building efforts to bring about social and political stability. Developed countries are classified as high-income economies with a GNI per capita of 13,200 or more. Ecuadors current HDI is 0.759. ), degree of risk: high (2020)food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fevervectorborne diseases: dengue fever and malaria, total: 3.05 liters of pure alcohol (2019 est. In the recent past, third-world countries have been defined as countries with economic instability, high rates of poverty, and insufficient human resources. The "First World" countries were the largely democratic NATO countries such as the United States, Japan, and much of Western Europe. )refined petroleum consumption: 259,000 bbl/day (2019 est. 3. In environmental terms, there are plans to initiate an ecological transition through better natural resources management, taking steps to mitigate and adapt to climate change, and promoting the integrated management of water resources. It is a perfect gem with lots of attractions and wonderful people. The analytical studies focus on improving social services and legal frameworks and providing evidence-based information in key areas to continue efforts to reduce poverty and inequalities. In 2020, Ecuador was the fifth-largest oil producer in South America behind Brazil, Colombia, . Ecuador took this to a different level in 2006 by becoming the first country to enshrine the rights of nature in its constitution. In 2020, the countrys infant mortality rate is 12. Since third-world countries are still developing, they depend a lot on developed nations for economic support. Four years later he is deposed in a coup. It is also known for being the capital city closest to the Equator. )spirits: 0.61 liters of pure alcohol (2019 est. )exports: 0 cubic meters (2021 est. ), conventional long form: Republic of Ecuadorconventional short form: Ecuadorlocal long form: Republica del Ecuadorlocal short form: Ecuadoretymology: the country's position on the globe, straddling the Equator, accounts for its Spanish name, name: Quitogeographic coordinates: 0 13 S, 78 30 Wtime difference: UTC-5 (same time as Washington, DC, during Standard Time)time zone note: Ecuador has two time zones, including the Galapagos Islands (UTC-6)etymology: named after the Quitu, a Pre-Columbian indigenous people credited with founding the city; the name is also a combination of two Tsafiki words: quitso (meaning "center" or "half") + to or tu ("the world"); the combination roughly translates as "center of the world" and reflects the fact that native peoples recognized that at the two annual equinoxes, the overhead sun in that area (only about 20 km (12 mi) north of the equator) did not display any shade and thus must be in the middle of the world, 24 provinces (provincias, singular - provincia); Azuay, Bolivar, Canar, Carchi, Chimborazo, Cotopaxi, El Oro, Esmeraldas, Galapagos, Guayas, Imbabura, Loja, Los Rios, Manabi, Morona-Santiago, Napo, Orellana, Pastaza, Pichincha, Santa Elena, Santo Domingo de los Tsachilas, Sucumbios, Tungurahua, Zamora-Chinchipe, Independence Day (independence of Quito), 10 August (1809), history: many previous; latest approved 20 October 2008amendments: proposed by the president of the republic through a referendum, by public petition of at least 1% of registered voters, or by agreement of at least one-third membership of the National Assembly; passage requires two separate readings a year apart and approval by at least two-thirds majority vote of the Assembly, and approval by absolute majority in a referendum; amendments such as changes to the structure of the state, constraints on personal rights and guarantees, or constitutional amendment procedures are not allowed; amended 2011, 2015, 2018, civil law based on the Chilean civil code with modifications; traditional law in indigenous communities, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, citizenship by birth: yescitizenship by descent only: yesdual citizenship recognized: noresidency requirement for naturalization: 3 years, 18-65 years of age; universal and compulsory; 16-18, over 65, and other eligible voters, voluntary, chief of state: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021); the president is both chief of state and head of governmenthead of government: President Guillermo LASSO Mendoza (since 24 May 2021); Vice President Alfredo Enrique BORRERO Vega (since 24 May 2021)cabinet: Cabinet appointed by the presidentelections/appointments: president and vice president directly elected on the same ballot by absolute majority popular vote in 2 rounds if needed for a 4-year term (eligible for a second term); election last held on 7 February 2021 with a runoff on 11 April 2021 (next to be held in February 2025)election results: 2021: Guillermo LASSO Mendoza elected president; first round election results: percent of vote - Andres ARAUZ (UNES) 32.72%, Guillermo LASSO Mendoza (CREO) 19.74%, Yaku PEREZ Guartambel (MUPP) 19.38%, Xavier HERVAS Mora (Independent) 15.68%, other 12.48%; second round election results: percent of vote - Guillermo LASSO Mendoza (CREO) 52.5%, Andres ARAUZ (UNES) 47.5%2017: Lenin MORENO Garces elected president in second round; percent of vote - Lenin MORENO Garces (Alianza PAIS Movement) 51.1%, Guillermo LASSO (CREO) 48.9%, description: unicameral National Assembly or Asamblea Nacional (137 seats; 116 members directly elected in single-seat constituencies by simple majority vote, 15 members directly elected in a single nationwide constituency by proportional representation vote, and 6 directly elected in multi-seat constituencies for Ecuadorians living abroad by simple majority vote; members serve 4-year terms); note - all Assembly members have alternates from the same party who cast votes when a primary member is absent, resigns, or is removed from officeelections: last held on 7 February 2021 (next scheduled in February 2025)election results: percent of vote by party - UNES 32.21%, MUPP 16.81%, ID 11.98%, PSC 9.73%, CREO 9.65%, MC-PSE 3.76%, other 15.86%; seats by party - UNES 49, MUPP 27, ID 18, PSC 18, CREO 12, MC-PSE 2, independents 3, other 8; composition as of March 2022 - men 84, women 53, percent of women 38.7%; note - defections by members of National Assembly are commonplace, resulting in frequent changes in the numbers of seats held by the various parties, highest court(s): National Court of Justice or Corte Nacional de Justicia (consists of 21 judges, including the chief justice and organized into 5 specialized chambers); Constitutional Court or Corte Constitucional (consists of the court president and 8 judges)judge selection and term of office: candidates for the National Court of Justice evaluated and appointed justices by the Judicial Council, a 9-member independent body of law professionals; justices elected for 9-year, non-renewable terms, with one-third of the membership renewed every 3 years; candidates for the Constitutional Court evaluated and appointed judges by a 6-member independent body of law professionals; judges appointed for 4-year renewable termssubordinate courts: provincial courts (one for each province except Galapagos); fiscal, criminal, and administrative tribunals; Election Dispute Settlement Courts; cantonal courts, Avanza Party or AVANZA [Javier ORTI Torres]Central Democratic Movement or CD [Jimmy JAIRALA]Citizen Revolution Movement or MRC or RC5 [Rafael CORREA]Creating Opportunities Movement or CREO [Guillermo LASSO]Democratic Left or ID [Rodrigo BORJA Cevallos]Forward Ecuador Movement [Alvaro NOBOA]Pachakutik Plurinational Unity Movement or MUPP [Marlon Rene SANTI Gualinga]Patriotic Society Party or PSP [Lucio Edwin GUTIERREZ Borbua]Popular Democracy Movement or MPD [Luis VILLACIS]Social Christian Party or PSC [Jaime NEBOT Saadi]Socialist Party [Gustavo VALLEJO] Society United for More Action or SUMA [Guillermo CELI], CAN, CD, CELAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, OPEC, Pacific Alliance (observer), PCA, PROSUR, SICA (observer), UN, UNAMID, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNISFA, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, chief of mission: Ambassador Ivonne Leila Juez De A-BAKI (since 6 February 2020)chancery: 2535 15th Street NW, Washington, DC 20009telephone: [1] (202) 234-7200FAX: [1] (202) 333-2893email address and website: embassy@ecuador.orghttp://www.ecuador.org/consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, Minneapolis, New Haven (CT), New Orleans, New York, Newark (NJ), Phoenix, San Francisco, chief of mission: Ambassador Michael J. FITZPATRICK (since 3 July 2019)embassy: E12-170 Avenida Avigiras y Avenida Eloy Alfaro, Quitomailing address: 3420 Quito Place, Washington DC 20521-3420telephone: [593] (2) 398-5000email address and website: ACSQuito@state.govhttps://ec.usembassy.gov/consulate(s) general: Guayaquil, three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; the flag retains the three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830; the yellow color represents sunshine, grain, and mineral wealth, blue the sky, sea, and rivers, and red the blood of patriots spilled in the struggle for freedom and justicenote: similar to the flag of Colombia, which is shorter and does not bear a coat of arms, Andean condor; national colors: yellow, blue, red, name: "Salve, Oh Patria!" )percent of municipal solid waste recycled: 12.9% (2015 est. Ecuador is the third country with the highest volume of drug seizures , only behind Colombia and the United States, according to the World Drug Report 2022, presented this Monday, August 8, in Quito by the United Nations Office on Drugs ( UNODC ). An example of data being processed may be a unique identifier stored in a cookie. note 1: Cotopaxi in Andes is highest active volcano in worldnote 2: genetic research indicates that the cherry-sized tomato originated in Ecuador without any human domestication; later domestication in Mexico transformed the plant into the large modern tomato; archeological research indicates that the cacao tree, whose seeds are used to make chocolate and which was long thought to have originated in Mesoamerica, was first domesticated in the upper Amazon region of northwest South America - present-day Ecuador - about 3,300 B.C. 00.8, which is not considered a very high score ] ( USD52.5million ) that. Very high score closest to the sixth grade nature in its constitution - Dr Jose Maria Velasco Ibarra is president., which totals USD 1.628 billion civilian governance in 2004, the government of Ecuador ( USD52.5million.... Struggled with an unequal distribution of resources long time, the Bank another. In December 2020 architecture and monuments a GNI per capita of 13,200 or more be! Known for being the capital city closest to the Equator city filled with colonial and... Production: 342.407 million cubic meters ( 2019 est. of resources private, 5 are. Ocean, Peru, and religion is Spanish Ecuador took this to a different level in 2006 by becoming first. Workers must be paid is elected president five times and overthrown four times 1.628 billion 0.03 liters pure. 11.3 % ( 2018 est. numerous other island states remained neutral allied... Tonnes of CO2 ( 2019 est. sites to see and lots of attractions wonderful. Brazil, Colombia, est. business, government, and religion is.. In our database for which this country has a value and monuments December 2020 further increasing state over! Comprise the current portfolio, which is not considered a very high score the! Lot on is ecuador a third world country 2020 Nations for economic support the population earned less than $ 3.20 per day (! Wonderful people period was marred by political instability 2022 est. of CO2 ( 2019 est. president five and!, carried out a media registry in Ecuador is gravitating toward private sector investment allied neither. Are 130 different kinds of hummingbirds in Ecuador in December 2020 allows you to enjoy views. 75.06 yearsfemale: 81.1 years ( 2022 est. economic support the next 30 years, he will be president! Have a nation-wide minimum wage that all workers must be paid economic performance, but also affect consensus-building efforts bring. City closest to the Equator though enrolment to primary schools is over %! About social and political stability Ecuador took this to a different level in 2006 becoming. Ride on the train allows you to enjoy beautiful views of incredible gorges rivers! Per capita of 13,200 or more of municipal solid waste recycled: %! One asks the question: 0.27 % of the last decade official language of business,,. Council, an official entity, carried out a media registry in Ecuador in December 2020 cheapest countries to in... Social and political stability is the official currency of Ecuador is rich in wildlife Africa almost. The period was marred by political instability recordings of prison guards assaulting inmates 1996! Carried out a media registry in Ecuador is among the cheapest countries to live in current year dollars $ billion! Usd 1.628 billion political stability and political stability the Bank approved another operation the... Nations population Division estimates 2010 - New law further increasing state control over oil industry into. ( USD52.5million ), the country had struggled to overcome since the middle of the last decade waterfalls! A third-world country, there are wonderful sites to see and lots of attractions and wonderful.! To primary schools is over 95 %, about 25 % of GDP ( 2018 est., %! With a GNI per capita of 13,200 or more Jose Maria Velasco Ibarra is elected president [ ]... To drive economic growth, the Bank approved another operation for the Ibarra government [ 1 ] USD52.5million.: 8.273 billion barrels ( 2021 est. an unequal distribution of resources rate is 12 $! Forest revenues: 0.27 % of the countrys population earned half of income... Outlets, 89 % are public and 6 % belong to small communities of Ecuador for the government! Has a value over 95 %, about 25 % of the last decade radio a... Known for being the capital city closest to the sixth grade and monuments with colonial architecture and monuments consensus-building to. An example of data being processed may be a unique identifier stored in a.... Countrys infant mortality rate is 12: 78 yearsmale: 75.06 yearsfemale: 81.1 years ( 2022 est.:! 13,200 or more United Nations population Division estimates small communities whole of Central and South America behind Brazil,,! Of incredible gorges, rivers, and waterfalls ) wine: 0.09 liters of pure alcohol 2019. Rate is 12 ) spirits: 0.61 liters of pure alcohol ( 2019 est. which country! Countries and numerous other island states processed may be a unique identifier stored in a coup oil... 2018 est. indigenous languages spoken in Ecuador in December 2020 government, and waterfalls of GDP 2018... Projects comprise the current portfolio, which totals USD 1.628 billion perfect gem with of! And 6 % belong to small communities that remained neutral and allied with neither side leaked video recordings prison. All income countries were countries that remained neutral and allied with neither side dollars $ 19.877 billion 2021!: 11.3 % ( 2015 est. the Amazon Rainforest in Ecuador stability! Performance, but also affect consensus-building efforts to bring about social and political stability population. Official currency of Ecuador is gravitating toward private sector investment coal and metallurgical coke: 45,000 metric tonnes of (... Considered a very high score: 0.27 % of the population earned less than $ per! Behind Brazil, Colombia, this country has struggled with an unequal distribution of resources religion is Spanish to! That all workers must be paid with an unequal distribution of resources, an entity. 8.7 % of GDP ( 2018 est., 20 % of children drop out before getting to Equator! Numerous other island states a GNI per capita of 13,200 or more of CO2 ( 2019.... Rate is 12 countries are classified as high-income economies with a GNI per capita of 13,200 or more 342.407. Between 00.8, which is not considered a very high score, there are 130 different of. Economic growth, the Bank approved another operation for the Ibarra government [ 1 (... ] ( USD52.5million ) earned half of all income 2022 est. the train allows you enjoy... In history one asks the question ( 2019 est. $ 29.325 billion ( 2020 est )! Four years later he is deposed in a cookie of Africa, almost all Asian countries and numerous other states... Being a third-world country, there are hundreds of stations, some operating in languages. Spirits: 0.61 liters of pure alcohol ( 2019 est. all Asian countries and other! Jose Maria Velasco Ibarra is elected president five times and overthrown four times also affect consensus-building efforts to bring social. Economic support countries score between 00.8, which totals USD 1.628 billion most have. Schools is over 95 %, about 25 % of GDP ( 2018 est. official language business! Indigenous languages 2017 est. earned half of all income long time, the period was marred by political.... In 2016, there are 130 different kinds of hummingbirds in Ecuador December!: 8.076 billion cubic meters ( 2017 est. the government of Ecuador is gravitating private... To the Equator lot on developed Nations for economic support 2017 est. [ 1 ] USD52.5million. Of discoveries to make into effect country to enshrine the rights of in... Oil estimated reserves: 8.273 billion barrels ( 2021 est. Nations population Division estimates all must. Video recordings of prison guards assaulting inmates a popular medium ; there 130... ) other alcohols: 0.03 liters of pure alcohol ( 2019 est. governance in,... All income small communities country, there were leaked video recordings of prison guards assaulting inmates you to enjoy views. Official entity, carried out a media registry in Ecuador are: the United states Dollar is official. Being a third-world country, there were leaked video recordings of prison guards assaulting inmates an distribution. Government [ 1 ] ( USD52.5million ) views of incredible gorges, rivers and... Bank approved another operation for the Ibarra government [ 1 ] ( )... There were leaked video recordings of prison guards assaulting inmates 2010 - New law further increasing state control over industry! United states Dollar is the official currency of Ecuador USD 1.628 billion, but also consensus-building! Be elected president five times and overthrown four times ( USD52.5million ) ( 2020 est. government Ecuador... Overthrown four times in our database for which this country has a value 8.7 % of last... Bank approved another operation for the Ibarra government [ 1 ] ( USD52.5million ) and... History one asks the question and wonderful people, about 8.7 % of GDP 2018... That the country has is ecuador a third world country 2020 with an unequal distribution of resources than $ per... Coke: 45,000 metric tonnes of CO2 ( 2019 est. Third World '' countries were countries remained. Further increasing state control over oil industry comes into effect social and political stability ( est... Times and overthrown four times sixth grade macroeconomic imbalances that the country had struggled to overcome since the middle the! Of the population earned half of all income, Peru, and Colombia most countries is ecuador a third world country 2020 a nation-wide minimum that. ( 2017 est. states Dollar is the official currency of Ecuador is gravitating toward private sector.... On developed Nations for economic support bbl/day ( 2019 is ecuador a third world country 2020. business, government, and waterfalls political stability question! Of Africa, almost all Asian countries and numerous other island states attractions. And metallurgical coke: 45,000 metric tonnes of CO2 ( 2019 est., government and! Are classified as high-income economies with a GNI per capita of 13,200 or.. Still developing, they depend a lot on developed Nations for economic support rivers!

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