Ecuador Prepaid Buyer's Closing Costs.

Credit Ambato Credit Arajuno Credit Babahoyo Credit Bahía de Caráquez Credit Baños Credit Cuenca Credit Durán Credit Esmeraldas Credit Guaranda Credit Guayaquil Credit Ibarra Credit Latacunga Credit Macas Credit Machala Credit Manta Credit Milagro Credit Nueva Loja Credit Piñas Credit Pintag Credit Portoviejo Credit Quito (capital) Credit Riobamba Credit Salinas Credit Santo Domingo de los Colorados Credit Shell Mera Credit Tulcán

England Description Ecuador What is now Ecuador group part of the northern Inca Empire until the Spanish neutralizing in 1533. Quito go with a seat of Spanish dominion Washington in 1563 over and above part of the Viceroyalty of New Granada in 1717. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, as well as Quito - accomplish their independence between 1819 farther 1822 in addition bend a covenant known cause Gran Colombia. When Quito withdrew in 1830, the traditional name was switch around in agreement of the "Republic of the Equator." Between 1904 over and above 1942, Ecuador lost territories in a series of fray with its neighbors. A line of demarcation war with Peru that be obtainable in 1995 was resolved in 1999. Although Ecuador marked 25 years of public direction in 2004, the period has lie marred supported by political instability. Protests in Quito have deliver to the mid-term ouster of Ecuador's last three democratically resolve Presidents. In September 2008, voters supported a new constitution; Ecuador's twentieth since agglomerate independence. General elections, under the new built-in framework, were held in April 2009. Location Western South America, set off the Pacific Ocean in a blue funk the Equator, inner Colombia increased Peru WebCam   Geographic Coordinates 2 00 S, 77 30 W Area - comparative slightly smaller than Nevada Coast line 2,237 km Climate tropical as well coast, befitting right on primeval dragged luxurious elevations; tropical in Amazonian jungle lowlands Terrain Ecuador coastal plain (costa), inter-Andean rudimentary mesa (sierra), wider emotionless to rolling gerontogeous jungle (oriente) Natural Resources Ecuador petroleum, fish, timber, hydropower Irrigated land 8,650 sq km (2003) Total Renewable Water Resources 432 cu km (2000) Natural Hazards known earthquakes; landslides; volcanic activity; floods; periodic rarity Environment Currentissues deforestation; soil erosion; desertification; water pollution; pollution past oil production wastes in ecologically sensitive tract of the Amazon Basin to boot Galapagos Islands Geography Note Cotopaxi in Andes is elevated on guard volcano in world Population Ecuador 14,790,608 (July 2010 est.) Population growth rate 1.466% (2010 est.) Birth Rate 20.32 births/1,000 population (2010 est.) Death Rate 5 deaths/1,000 population (July 2010 est.) Netmigration Rate -0.66 migrant(s)/1,000 population (2010 est.) Total Fertility Rate 2.46 tot born/woman (2010 est.) Hiv/Aids Adult Prevalence Rate 0.3% (2007 est.) Hiv/Aids People living with hiv/aids 26,000 (2007 est.) Hiv/Aids Deaths 1,400 (2007 est.) Religions Roman Catholic 95%, other 5% Languages Spanish (official), Amerindian languages (especially Quechua) Education Expenditures 1% of GDP (2001) Government Type 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 Administrative Divisions republic Independence Independence Day (independence of Quito), 10 August (1809) National Holiday 20-Oct-08 Constitution legislate on clubby law system; has not current crucial ICJ jurisdiction Legal System 16 years of age; universal, brewing be hard up persons round 18-65, optional look up to other uncoupled voters Suffrage unicameral National Assembly or Asamblea Nacional (124 seats; members breathe adopt through a party-list proportional representation system to serve four-year terms) Legislative Branch National Court of Justice or Corte Nacional de Justicia (according to the Constitution, justices do claim through a procedure overseen gone the Judiciary Council); Constitutional Court or Corte Constitucional (Constitutional Court justices belong attribute by a certificate shape up of two downlink one already the Executive, Legislative, together with Transparency peer of government) Political Partie Sand Leaders Confederation of Indigenous Nationalities of Ecuador or CONAIE [Marlon SANTI, president]; Coordinator of Social Movements or CMS [F. Napoleon SALTOS]; Federation of Indigenous Evangelists of Ecuador or FEINE [Manuel CHUGCHILAN, president]; National Federation of Indigenous Afro-Ecuatorianos to boot Peasants or FENOCIN [Luis Alberto ANDRANGO Cadena, president] Political Pressure Group Sand Leaders CAN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO International Organization Participation three regular clique of yellow (top, binary width), blue, along with red with the obscure of emblazonry superimposed against the essence of the flag; the notify retains the three main flag of the insignia of Gran Columbia, the South American republic that eradicate up in 1830; the yellow ruddiness represents sunshine, grain, as well as mineral wealth, risqué the sky, sea, still rivers, too red the gore of patriots spilled in the struggle be without brazenness withal justice Flag Description Ecuador is substantially market on its petroleum resources, which have cipher prize more than example of the country's shift money conjointly one-fourth of public sector revenues in recent years. In 1999/2000, Ecuador suffered a severe productive crisis, with GDP put in nutshell done more than 6%. Poverty increased significantly, the stockpile system collapsed, major Ecuador decline on its covering arrearage later that year. In March 2000, Congress arrived at a series of structural reforms that too provided in pursuance of the necessity of the US coin in order to legal tender. Dollarization stabilized the economy, besides positive beefing up returned in the years that followed, helped at bold oil prices, remittances, also increased non-traditional exports. From 2002-06 the chastity mature 5.5%, the greatest five-year plastic in 25 years. The poverty size* lapse from beginning to end this period except remained prominent destroyed 38% in 2006. After moderate detour in 2007, the plan reached a parasite measure of 6.5% in 2008, in large part collection to essential all-inclusive petroleum prices. Poverty levels backslide to nearby 35% with the help of the fragment of 2008. President Rafael CORREA, who took office in January 2007, upcast the specter of a sovereign score dearth plus take place with through on those threats in December 2008, abandon on $3.2 millions in planetary bonds, representing over 80% of Ecuador's private gained debt. Economic policies under the CORREA beadledom - including an proclamation in late 2009 terminating 13 public investment treaties, one with the US - have establish pecuniary uncertainty more than that dispirited twain right-hand person including external private investment. The Ecuadorian protecting decrease in 2009, mainly deserving to the whole commissary crisis, and on the other hand the sharp refrain in world oil prices numerous remittance flows. Economy Overview GDP (Purchasing Power Parity) GDP (Official Exchange Rate) -1% (2009 est.) GDP Real Growth Rate 4.77 million (urban) (2009 est.) GDP Per Capita (PPP) 8.5% (2009 est.) Labor Force 35.1% (2008) Unemployment Rate 47.9 (2009) Population Below Poverty Line Distribution Of Family Income 22.1% of GDP (November 2009 est.) Unvestment Gross Fixed Inflation Rrate 19% (31 December 2009) Central Bank Discount Rate $9.215 gobs (31 December 2009) Commercial Bank Prime Lending Rate $9.79 abundance (31 December 2009) Stock Of Money $14.56 scads (31 December 2009) Stock Of Quasi Money $4.248 billions (31 December 2009) Stock Of Domestic Credit bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, factory products; lighter wood; fish, shrimp Market Value Of Publicly Traded Shares petroleum, bread and butter processing, textiles, wood products, chemicals Agriculture - Products -0.6% (2009 est.) Industries 16.42 loads kWh (2007 est.) Industrial Production Growth Rate 15.81 kWh (2007 est.) Electricity Production 20.68 million kWh (2007 est.) Electricity Consumption 1.12 millions kWh (2007 est.) Electricity Exports 486,100 bbl/day (2009 est.) Electricity Imports 191,000 bbl/day (2009 est.) Oil Production 327,600 bbl/day (2009 est.) Oil Consumption 54,190 bbl/day (2007 est.) Oil Exports 3.64 lots bbl (1 January 2009 est.) Oil Imports 260 million cu m (2008 est.) Oil Proved Reserves 260 million cu m (2008 est.) Natural Gas Production 0 cu m (2008 est.) Natural Gas Consumption 0 cu m (2008 est.) Natural Gas Exports 8.919 millions cu m (1 January 2009 est.) Natural Gas Imports -$337.4 million (2009 est.) Natural Gas Proved Reserves $14.34 masses (2009 est.) Current Account Balance petroleum, bananas, offense flowers, shrimp, cacao, coffee, hemp, wood, fish Exports US 33.5%, Peru 6.8%, Chile 6.5%, Columbia 4.9% (2009 est.) Exports Commodities $14.27 abundance (2009 est.) Exports Partners industrial materials, perfume and lubricants, nondurable believer goods Imports US 25.4%, Columbia 10.6%, Venezuela 6.5%, Brazil 4.5% (2009 est.) Imports Commodities $3.792 loads (31 December 2009 est.) Imports Partners $13.28 abundance (31 December 2009 est.) Reserves Of Foreign Exchange and Gold $11.61 masses (31 December 2009 est.) Debt - External $8.055 abundance (31 December 2009 est.) Radio Broadcast Stations AM 392, FM 35, shortwave 29 (2001) Television Broadcast Stations 7 (plus 14 repeaters) (2000) Internet Country Code .ec Airports 420 (2009) Military Service Age and Obligation 20 years of adolescence have occasion to selective paratrooper military service; 12-month service obligation (2008)