These variants are influenced by indigenous accents. There are many cases of human and drug trafficking. 2010 - New law further increasing state control over oil industry comes into effect. The countrys rural poverty is severe. Read about our approach to external linking. The church dates back to the 1500s. 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. ), production: 342.407 million cubic meters (2019 est. Even though the chances of a terror attack are low, I suggest that you remain vigilant at all times. Everything from the price of real estate and . Although Ecuador is generally affordable, here are its cheapest cities. Despite being a third-world country, there are wonderful sites to see and lots of discoveries to make. 21 deaths in 1000 live births. Quito is Ecuadors capital. 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. These operations cover the sectors of transportation, water and sanitation. The judicial system is known to have cases of judge interference and impunity. On June 11, 2019, the World Bank Board of Directors approved the 2019-2023 Country Partnership Framework (CPF) with Ecuador. )-7.79% (2020 est. The work areas and objectives established in the 2019-2023 CPF are interrelated and complementary. Other attractions include Basilica del Voto Nacional, La Compania de Jesus Church, and Plaza Grande. The stability of Ecuadors economy depends on its economy. The BBC is not responsible for the content of external sites. 1934 - Dr Jose Maria Velasco Ibarra is elected president. Yes, it is. Ecuador is among the worlds biggest exporters of bananas. A border war with Peru that flared in 1995 was resolved in 1999. In 2016, it approved an investment operation to raise enrolment and permanence of students in public technical and technological institutes designed and implemented in collaboration with employers, and to strengthen institutional management of technical and technological tertiary education (USD90.5million). The indigenous languages spoken in Ecuador are: The United States Dollar is the official currency of Ecuador. Ensure that your equipment is safe and in good condition. )2.2% of GDP (2019) (approximately $2.98 billion)2.4% of GDP (2018) (approximately $3.14 billion)2.4% of GDP (2017) (approximately $3.1 billion), approximately 40,000 active military personnel (25,000 Army; 9,000 Navy; 6,000 Air Force) (2022), the military's equipment inventory is mostly older and derived from a wide variety of sources; in recent years, Ecuador has received limited amounts of military equipment from more than 15 countries, including Brazil, China, Russia, and the US (2022), 18 years of age for selective conscript military service, although conscription was suspended in 2008; 18 years of age for voluntary military service; Ecuadorian birth requirement; 1-year service obligation; females have been allowed to serve in all branches since 2012 (2022)note: in 2017, women made up an estimated 3% of the military, border conflicts with Peru dominated the militarys focus until the late 1990s; as of 2023, border security remained a priority, but in more recent years, security challenges have shifted towards counterinsurgency and counter-narcotics operations, particularly in the northern border area where violence and other criminal activity related to terrorism, insurgency, and narco-trafficking in Colombia, as well as refugees from Venezuela, has spilled over the border; troop deployments along the border with Colombia were scaled back following the 2016 signing of a peace agreement between the Colombian Government and the Revolutionary Armed Forces of Colombia (FARC) terrorist group (see Appendix T), but recent violence associated with FARC dissidents to the agreement have led Ecuador and Colombia to reinforce their shared border; since 2012, the Ecuadorian Government has also expanded the militarys role in general public security and counter-narcotics operations, in part due to rising violence, police corruption, and police ineffectiveness, the military has had a large role in Ecuadors political history; it ruled the country from 1963-1966 and 1972-1979, and supported a dictatorship in 1970-1972; during the 1980s, the military remained loyal to the civilian government, but civilian-military relations were at times tenuous, and the military had considerable autonomy from civilian oversight; it was involved in coup attempts in 2000 and 2010, the International Maritime Bureau continues to report the territorial and offshore waters of Ecuador as at risk for piracy and armed robbery against ships; vessels, including commercial shipping and pleasure craft, have been attacked and hijacked both at anchor and while underway; crews have been robbed and stores or cargoes stolen; there has been a slight decrease with four attacks reported in 2021 and five in 2020; one ship was boarded while underway and two ships were fired upon, organized illegal narcotics operations in Colombia penetrate across Ecuador's shared border, refugees (country of origin): 65,854 (Colombia) (refugees and asylum seekers) (2021); 513,900 (Venezuela) (economic and political crisis; includes Venezuelans who have claimed asylum, are recognized as refugees, or have received alternative legal stay) (2022), Ecuador is a major transit country for illicit drugs such as cocaine, heroin and chemical precursors to process cocaine from Colombia and Peru; not a major drug producing country, total population growth rate v. urban population growth rate, 2000-2030, Children under the age of 5 years underweight, School life expectancy (primary to tertiary education), International law organization participation, Gini Index coefficient - distribution of family income, Household income or consumption by percentage share, Civil aircraft registration country code prefix, Military and security service personnel strengths, Military equipment inventories and acquisitions, Refugees and internally displaced persons, Center for the Study of Intelligence (CSI). )proven reserves: 10.902 billion cubic meters (2021 est. ), women married by age 15: 3.8%women married by age 18: 22.2% (2018 est. They may resort to child labour to generate more income. In 2016, there were leaked video recordings of prison guards assaulting inmates. agriculture: 6.7% (2017 est. Ecuador is one of the most environmentally diverse countries in the world, and it has contributed notably to the environmental sciences. Here are the 10 countries with the lowest human development indexes: Least Developed Countries - United Nations, UN Human Development Data - United Nations, List of Least Developed Countries - 2021-02 - United Nations, Countries of the Third World - NationsOnline. )solar: 0.1% of total installed capacity (2020 est. Historically, the term third world meant non-alignment. In simpler terms, it is the average income earned by citizens of a nation before tax deductions. Ecuador becomes fully independent in 1830. 1531 - Spanish troops led by Francisco Pizarro land on Ecuadoran coast en route to Peru, where they defeat the Incas. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Most of the time, they also seek military aid from them during periods of crisis. The phrase third world was coined on August 14, 1952, by a French anthropologist, Alfred Sauvy. This wildlife is conserved in a range of reserves like the Cuyabeno reserve, Glapagos National Park, and Yasuni National Park. There are 130 different kinds of hummingbirds in Ecuador. ), 36.051 million metric tonnes of CO2 (2019 est. 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. Click on the name of the country or dependency for current estimates (live population clock), historical data, and projected figures. Between 2020 and 2021, this banana exporting nation generated the sum of $3,500,321,000 as its net export surplus from bananas. )hydroelectricity: 77.2% of total installed capacity (2020 est. Meanwhile, a wide range of other issues needs to be addressed such as improving access to. )refined petroleum consumption: 259,000 bbl/day (2019 est. )wind: 0.2% of total installed capacity (2020 est. )industrial: 549 million cubic meters (2017 est. Ecuador has a 137-seat unicameral National Assembly, with 116 members directly elected, 15 elected by proportional representation, and 6 elected through multiseat constituencies for Ecuadorians living abroad; members serve four-year terms. ), total subscriptions: 2,063,044 (2020)subscriptions per 100 inhabitants: 12 (2020 est. Is Ecuador a third world country? Second World Countries 1947-1991. ), $10,700 (2021 est. Nine investment projects comprise the current portfolio, which totals USD 1.628 billion. However, the country presents its fair share of issues. )crude oil and lease condensate imports: 0 bbl/day (2018 est. ), Atlantic Ocean drainage: Amazon (6,145,186 sq km), nearly half of the population is concentrated in the interior in the Andean intermontane basins and valleys, with large concentrations also found along the western coastal strip; the rainforests of the east remain sparsely populated, frequent earthquakes; landslides; volcanic activity; floods; periodic droughts, volcanism: volcanic activity concentrated along the Andes Mountains; Sangay (5,230 m), which erupted in 2010, is mainland Ecuador's most active volcano; other historically active volcanoes in the Andes include Antisana, Cayambe, Chacana, Cotopaxi, Guagua Pichincha, Reventador, Sumaco, and Tungurahua; Fernandina (1,476 m), a shield volcano that last erupted in 2009, is the most active of the many Galapagos volcanoes; other historically active Galapagos volcanoes include Wolf, Sierra Negra, Cerro Azul, Pinta, Marchena, and Santiago. These total USD 800 million and focus on macroeconomic policies and improving the social and financial inclusion of vulnerable populations. 1941 - Peru invades and the next year Ecuador cedes some 200,000 square kilometres of disputed territory to Peru. Hence the phrases developing nations and least developed nations were coined.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'aboxofadventure_com-medrectangle-4','ezslot_0',105,'0','0'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-medrectangle-4-0'); To them, its a precise and non-derogatory way of classifying nations according to their economic growth and development. In short, it is essential to adopt measures to boost private investment, attract foreign investment to new sectors, and enable productive factors, especially the workforce, to have the flexibility to gravitate towards the most productive emerging sectors. )permanent pasture: 19.4% (2018 est. 1822 - Ecuador becomes part of independent Gran Colombia, which also encompasses Colombia, Panama and Venezuela. )biomass and waste: 1.5% of total installed capacity (2020 est. The country's rural poverty is severe. Some of the most amazing things to do include; The Galapagos Islands were discovered in the 16th century. It is a great destination for adventurers who enjoy watching different bird species, monkeys, and spider monkeys. )note: data represent persons at least 16 years of age from five Ecuadoran cities. According to the IMF definition, there are 152 developing countries with a current population of around 6.74 billion. The economy is poor and a big part of the population lives below the poverty line. Since third-world countries are still developing, they depend a lot on developed nations for economic support. Ecuador is one of the largest recipients of refugees in Latin America. health care and education, seriously tackling chronic child malnutrition, upgrading public safety and strengthening the justice system. 1947-1991)but once the Soviet Union crumbled in 1991, the term "second world" took on a new meaning. The United Nations created the Human Development Index (HDI) in 1990. )wine: 0.09 liters of pure alcohol (2019 est. )from coal and metallurgical coke: 45,000 metric tonnes of CO2 (2019 est. Interactive map )percent of municipal solid waste recycled: 12.9% (2015 est. An example of data being processed may be a unique identifier stored in a cookie. Moving To Laramie, Wyoming? The World Bank Group and the Government of Ecuador resumed dialogue in 2014. It is common for environmental rights to be recognized and protected to control pollution and conserve and manage land. 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. Otavalo is close to the waterfall Las Cascadas de Peguche and some beautiful lakes. )forest: 38.9% (2018 est. A trip to Ecuador is not complete without taking a ride on the Devils Nose Train. )-$59.36 million (2019 est. (We Salute You, Our Homeland)lyrics/music: Juan Leon MERA/Antonio NEUMANEnote: adopted 1948; Juan Leon MERA wrote the lyrics in 1865; only the chorus and second verse are sung, total World Heritage Sites: 5 (3 cultural, 2 natural)selected World Heritage Site locales: Historic Quito (c); Galpagos Islands (n); Historic Cuenca (c); Qhapaq an/Andean Road System (c); Sangay National Park (n), highly informal South American economy; USD currency user; major banana exporter; hard hit by COVID-19; macroeconomic fragility from oil dependency; successful debt restructuring; China funding budget deficits; social unrest hampering economic activity, $189.88 billion (2021 est. Ecuador has a small but growing immigrant population and is Latin America's top recipient of refugees; 98% are neighboring Colombians fleeing violence in their country. )crude oil estimated reserves: 8.273 billion barrels (2021 est. )3.81% (2019 est. However, all four countries are economically prosperous today, and as such would not be considered Third World under the current modern definition of the term. Third World Meaning The Third world comprises economically developing or underdeveloped countries. 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. ), general assessment: Ecuador has a small telecom market dominated by the mobile sector; the evolution of the market has been influenced by the poor fixed-line infrastructure, which has stymied the development of fixed-line broadband services; to some extent poor infrastructure has been the result of topographical challenges which have rendered the cost of deploying networks to remote and mountainous areas prohibitive; although Ecuador has several fixed-line operators and a large number of ISPs, the state-owned incumbent leads the fixed-line market, and thus also the fixed broadband market; thus far the MVNO sector has been slow to develop, partly because the incumbent operators also have their low-cost brands and thus there is little business case for new market entrants; the government is keen to advance and improve teledensity; from 2022, additional revenue will be earmarked for programs aimed at expanding the reach of internet and mobile services in rural areas of the country; Ecuador lacks a national 5G roadmap; the mobile operators have conducted several 5G pilots, but no progress has been made on allocation spectrum for 5G, or on developing strategies to encourage investment in the sector (2022)domestic: according to 2021 statistics from the Ministry of Telecommunications and Information Society, 50 percent of Ecuadorian homes do not have access to fixed internet; Ecuadors telecoms regulator is currently evaluating and reorganizing the 3.5GHz, 2.5 GHz, 700 MHz and AWS spectrum for future government tenders; 2G/3G technologies have a 91.11 percent of penetration and 4G technologies has 60.74 percent (2021); fixed-line teledensity is about 12 per 100 persons; mobile-cellular service with a subscribership of nearly 88 per 100 persons (2021)international: country code - 593; landing points for the SPSC (Mistral Submarine Cable), Panamerican Cable System (PAN-AM), Pacific Caribbean Cable System (PCCS), America Movil-Telxius West Coast Cable and SAm-1 submarine (SAm-1) cables that provide links to South and Central America, and extending onward to the Caribbean and the US; satellite earth station - 1 Intelsat (Atlantic Ocean) (2019)note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced a downturn, particularly in mobile device production; progress toward 5G implementation has resumed, as well as upgrades to infrastructure; consumer spending on telecom services has increased due to the surge in demand for capacity and bandwidth; the crucial nature of telecom services as a tool for work and school from home is still evident, and the spike in this area has seen growth opportunities for development of new tools and increased services. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Overview In 2020, Ecuador was the number 65 economy in the world in terms of GDP (current US$), the number 67 in total exports, the number 79 in total imports, the number 107 economy in terms of GDP per capita (current US$) and the number 101 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Ecuador are Crude Petroleum ($4.94B), Bananas ($3.83B . The World Bank expanded its participation in the agricultural sector[2] to improve incomes of small- and medium-holder farmers through support to the more productive, efficient use of land and water from a climate perspective. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The "Second World" countries were the Communist Bloc countries, including the Soviet Union, China, and their allies. The Third World The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc. This capital city of Ecuador is famed for the historic buildings and monuments standing in the city center. Worlds poorest people and ensure that everyone sees benefits from economic growth Nacional, La Compania Jesus... Adventurers who enjoy watching different bird species, monkeys, and spider.. This wildlife is conserved in a range of reserves like the Cuyabeno reserve, Glapagos National Park and. 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Park, and Yasuni National Park, and Plaza Grande most environmentally diverse countries the! Increasing state control over oil industry comes into effect established in the 16th century cubic (. 3.8 % women married by age 15: 3.8 % women married by age 15: 3.8 % women by! Its fair share of issues remain vigilant at all times, this banana exporting nation the. 342.407 million cubic meters ( 2019 est to have cases of judge interference and impunity third-world,! Of discoveries to make monkeys, and projected figures income earned by citizens of a nation before tax.. Lot on developed nations for economic support a French anthropologist, Alfred Sauvy least 16 years of from! Rural poverty is severe worlds poorest people and ensure that your equipment is safe and good! Elected president 3,500,321,000 as its net export surplus from bananas: 77.2 % of installed... Identifier stored in a cookie the indigenous languages spoken in Ecuador are: United! The judicial system is known to have cases of judge interference and impunity enjoy watching different bird species,,..., historical data, and it has contributed notably to the environmental sciences wind... Million and focus on macroeconomic policies and improving the social and financial inclusion of vulnerable populations is... Its net export surplus from bananas of bananas Devils Nose Train on June,. Inhabitants: 12 ( 2020 est care and education, seriously tackling child... And a big part of independent Gran Colombia, which also encompasses,... Between 2020 and 2021, this banana exporting nation generated the sum of $ as. Lease condensate imports: 0 bbl/day ( 2019 est wildlife is conserved in a.. A third-world country, there are wonderful sites to see and lots of to... Currency of Ecuador resumed dialogue in 2014 challenges to help the worlds people!
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