Country Forecast Ecuador Updater

  • ID: 2123785
  • March 2016
  • Region: Ecuador
  • 16 Pages
  • The Economist Intelligence Unit
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Political stability has improved markedly under the current president, Rafael Correa, given the frequent changes of government that were a feature of the decade before he assumed office in 2007. Mr Correa has now been in office for nine consecutive years, an all-time record for an Ecuadorean president. The National Assembly (Ecuador's Congress) has amended the constitution to permit indefinite re-election; however, this will not take effect until 2021, meaning that this term will be Mr Correa's last under his current mandate. He is likely to dominate the political scene before a possible comeback in 2021.

The ruling Alianza País movement has a strong majority in the National Assembly, reducing obstacles to governability. However, Mr Correa currently faces strong opposition from indigenous and environmental groups to his plans to develop the mining and oil industries further, and from businesses and the middle class in the face of higher taxes. Barring a dramatic escalation in unrest, The Economist Intelligence Unit does not expect this to have an adverse effect on broader political stability.

Population growth is slowing because of a falling birth rate and continued, albeit decelerating, emigration. However, at an average annual rate of 1.3% in 2016-20, population growth will be on a par with that of neighbouring Andean nations.

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Country Forecast Ecuador Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Ecuador's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2016-20: Political stability

Outlook for 2016-20: Election watch

Outlook for 2016-20: International relations

Outlook for 2016-20: Policy trends

Outlook for 2016-20: Fiscal policy

Outlook for 2016-20: Monetary policy

Outlook for 2016-20: Economic growth

Outlook for 2016-20: Inflation

Outlook for 2016-20: Exchange rates

Outlook for 2016-20: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data

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Note: Product cover images may vary from those shown


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