8.8

Ecuador

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

9,561

9,794

10,029

10,264

10,502

10,741

10,981

11,221

11,460

11,698

11,937

Growth Rate (%)

2.5

2.4

2.4

2.3

2.3

2.3

2.2

2.2

2.1

2.1

2.0

National Accounts

GDP, current prices (b. sucres)

1,784

3,020

5,170

8,204

12,296

19,414

27,451

36,478

46,006

60,727

79,040

GDP, 1975 prices (b. sucres)

159.0

175.7

176.2

181.5

190.6

197.4

201.5

210.2

215.1

219.4

226.8

Real GDP Growth Rate (%)

-6.0

10.5

0.3

3.0

5.0

3.6

2.1

4.3

2.3

2.0

3.4

Real Per Cap. GDP (1975, '000 sucres)

16,631

17,943

17,569

17,686

18,153

18,382

18,345

18,728

18,767

18,749

18,996

Real Per Cap. GDP Growth Rate (%)

-8.2

7.9

-2.1

0.7

2.6

1.3

-0.2

2.1

0.2

-0.1

1.3

Gross Domestic Investment/GDP (%)

19.7

20.3

20.7

18.4

19.7

19.5

19.9

18.8

18.6

17.8

19.0

Private

13.1

14.7

11.8

14.4

15.9

15.6

16.3

15.4

15.3

14.5

15.8

Public

6.6

5.6

8.9

4.0

3.8

3.9

3.6

3.3

3.3

3.3

3.2

Gross National Savings/GDP (%)

8.6

14.5

12.5

14.0

12.6

17.6

14.3

13.9

13.2

16.9

13.3

Private

-2.6

13.7

8.8

5.8

8.9

11.4

8.3

7.1

8.2

..

..

Public

11.2

0.8

3.7

8.2

3.7

6.2

6.0

6.8

5.0

..

..

Foreign Savings/GDP (%)

11.1

5.8

8.2

4.4

7.1

1.9

5.6

4.9

5.4

0.9

5.7

Prices

GDP Price Deflator (1980=100)

1,122

1,719

2,934

4,520

6,451

9,835

13,623

17,354

21,388

27,679

34,850

Annual Change (%)

37.2

53.2

70.7

54.1

42.7

52.4

38.5

27.4

23.2

29.4

25.9

Consumer Prices (9/94-8/95=100)

5.1

8.0

14.1

20.9

31.1

48.0

69.6

88.7

109.0

135.6

177.1

Annual Change (%)

29.4

58.3

75.7

48.5

48.7

54.6

45.0

27.3

22.9

24.4

30.6

Balance of Payments (US$m)

Current Account

(1,244)

(753)

(793)

(392)

(733)

(148)

(710)

(698)

(786)

(88)

(760)

Exports, fob

2,021

2,205

2,354

2,724

2,851

3,101

3,066

3,843

4,411

4,900

5,264

Imports, fob

2,054

1,583

1,692

1,715

2,208

2,083

2,474

3,282

4,057

3,680

4,666

Trade Balance

(33)

622

662

1,009

643

1,018

592

561

354

1,220

598

Services, net

(1,286)

(1,399)

(1,474)

(1,476)

(1,461)

(1,260)

(1,400)

(1,387)

(1,320)

(1,399)

(1,732)

Private Transfers, net

75

24

19

75

85

93

98

128

198

266

374

Capital Account Balance

1,395

802

433

67

661

220

336

368

1,121

453

1,396

Official Transfers

132

97

97

107

110

120

130

145

231

290

391

Direct Investment, net

123

155

160

126

160

178

469

531

470

469

577

Private, net

0

0

43

11

3

103

348

225

736

403

563

Official, net

576

129

466

55

69

(226)

(48)

246

829

569

296

Other, net [a]

564

421

(333)

(232)

319

45

(563)

(779)

(1,145)

(1,278)

(431)

Overall Balance

76

25

(379)

(400)

(157)

(22)

(472)

(458)

155

274

262

External Debt

Debt Outstanding, Total (US$m)

10,335

10,669

11,533

12,222

12,802

12,795

13,631

14,590

13,934

14,586

15,099

Debt Outstanding, Public (US$m)

10,233

10,536

11,366

12,052

12,630

12,537

13,025

13,758

12,379

12,628

12,579

Debt Outstanding, Private (US$m)

102

133

167

170

172

258

606

832

1,555

1,958

2,520

Debt Outstanding (total)/GDP (%)

109.4

116.9

118.7

115.6

111.1

102.9

93.7

86.4

77.4

76.1

76.4

Debt Service/Exports (%)

52.7

52.1

56.8

48.1

44.7

31.1

34.3

21.5

13.6

17.1

15.4

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue

21.9

21.6

25.5

27.1

25.6

25.7

24.9

24.4

25.5

24.4

23.4

Current Expenditures

24.5

20.7

19.1

19.5

18.7

19.6

18.2

17.3

20.1

19.7

19.7

Current Surplus/Deficit

-2.6

0.9

6.4

7.6

6.9

6.1

6.7

7.1

5.4

4.7

3.7

Capital Revenue

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Capital Expenditures/Net Lending

7.1

6.1

7.4

7.2

7.5

7.3

6.8

6.5

6.6

7.6

6.2

Overall Surplus/Deficit

-9.7

-5.2

-1.0

0.4

-0.6

-1.2

-0.1

0.6

-1.2

-2.9

-2.5