Country Forecast Ecuador Updater

  • ID: 2123785
  • November 2015
  • Region: Ecuador
  • 18 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 eight consecutive years, an all-time record for an Ecuadorean president. He wants the National Assembly (Ecuador's Congress) to agree to amend the constitution to permit indefinite re-election of all holders of popularly elected posts, meaning that he could stand again in 2017. The president appears to want to avoid a referendum on the issue, causing tensions with the opposition.

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 indus-tries further, and from business 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 rapid by developed-country standards, and 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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