The poverty rates vary depending on the region. Countries in the world by population (2022) This list includes both countries and dependent territories. You dont have to empty your account to live in Ecuador. 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. Fiscal discipline will therefore play a critical role in preventing the recent oil price increase from generating a new round of procyclical spending growth leading to a drag on spending efficiency, perpetuating macroeconomic imbalances and preventing the creation of fiscal buffers. ), deforestation; soil erosion; desertification; water pollution; pollution from oil production wastes in ecologically sensitive areas of the Amazon Basin and Galapagos Islands, party to: Antarctic-Environmental Protection, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whalingsigned, but not ratified: none of the selected agreements, particulate matter emissions: 14.91 micrograms per cubic meter (2016 est. Prepared with the Government of Ecuador and taking into account consultations with different civil society and private sector groups, the CPF addresses the need to support macroeconomic stabilization, protect the most vulnerable sectors and reactivate sustainable growth. ), total subscriptions: 2,063,044 (2020)subscriptions per 100 inhabitants: 12 (2020 est. Quito formerly known as San Francisco de Quito. Currently, it is estimated that at least 93% of Ecuadorians speak Spanish. Make sure to visit any of these sites when youre in Ecuador. The United Nations created the Human Development Index (HDI) in 1990. )1 (2018 est. It also highlighted a number of structural weaknesses such as the lack of macroeconomic buffers, limited access to capital markets, a high rate of employment informality, an ill-prepared health system and marked disparities in access to public services. In environmental terms, there are plans to initiate an ecological transition through better natural resources management, taking steps to mitigate and adapt to climate change, and promoting the integrated management of water resources. Traditionally a farming country, Ecuador's economy was transformed after the 1960s by the growth of industry and the discovery of oil. The government is stable. The World Bank Group works in every major area of development. Cocoa is the dried and completely fermented fatty seed of the fruit of the small evergreen cocoa tree (Theobroma cacao) that is native to the Amazon rainforest.The word 'cocoa' comes from the Spanish term 'cacao,' which has in turn been derived from the Nahuatl term 'cacahuati.' Cocoa is a valuable crop that was first cultivated in . In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence. This document establishes. Other cultural, natural, and religious sites say a lot about the history and people of Ecuador. The World Bank prepares analytical studies and lending operations in specific areas in the country. Under this modernized definition, Third World countries are those that display economic, social, political, and environmental issues such as high poverty rates, economic instability, and lack of essential human resources compared to the rest of the world. Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru, total: 283,561 sq kmland: 276,841 sq kmwater: 6,720 sq kmnote: includes Galapagos Islands, total: 2,237 kmborder countries (2): Colombia 708 km; Peru 1529 km, territorial sea: 12 nmexclusive economic zone: 200 nmcontinental shelf: 200 nmnote: Ecuador has declared its right to extend its continental shelf to 350 nm measured from the baselines of the Galapagos Archipelago, tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands, coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente), highest point: Chimborazo 6,267lowest point: Pacific Ocean 0 mmean elevation: 1,117 mnote: because the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet farthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea level, agricultural land: 29.7% (2018 est. [1] Transport Infrastructure Project in Ibarra, Ecuador (P147280) to improve mobility of Ibarra and the use of recreational spaces around Yahuarcocha Lagoon. Itiar Solar Museum tells you of the local people while Mitad Del Mundothe middle of a world monument shows you where French explorers stood to determine the equatorial line in 1736. 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. )wine: 0.09 liters of pure alcohol (2019 est. A border war with Peru that flared in 1995 was resolved in 1999. The "Second World" countries were the Communist Bloc countries, including the Soviet Union, China, and their allies. Is Casper Wyoming A Good Place To Live? The tourism industry contributes to 4% of the countrys economy. Poor education is one of the causes of poverty and high crime rates. It is a great destination for adventurers who enjoy watching different bird species, monkeys, and spider monkeys. Today the term is often used to describe the developing countries of Africa, Asia, Latin America, and Australia/Oceania. Moreover, research in Ecuador by the renowned naturalists Alexander . ), municipal: 1.293 billion cubic meters (2017 est. )43.2% of GDP (2016 est. What do you call a country that has more than 6,000 varieties of orchids and 130 variants of hummingbird in it? Healthy Swimming. Age structure 0-14 years: 25.82% (male 2,226,240/female 2,138,219) 15-24 years: 17.8% (male 1,531,545/female 1,478,222) 25-54 years: 40.31% (male 3,333,650/female 3,480,262) Congress votes to dismiss him for mental incompetence. Is it expensive to live in Ecuador? All Rights Reserved, Is Adelaide a Good Place to Live? Ecuador is one of the most environmentally diverse countries in the world, and it has contributed notably to the environmental sciences. note: data are in current year dollars$26.12 billion (2019 est.) Even though Ecuador is an amazing country, I think it has a few problems. Pros and Cons of Living in Casper WY, Moving To Rio Vista, California? It is a biodiverse country with entertainment opportunities for everyone. Continue with Recommended Cookies. It is also known for being the capital city closest to the Equator. To ensure that tourism thrives in the nation, the government of Ecuador is focused on promoting ecotourism and even invites tourists to partake in ecotourism projects. )from petroleum and other liquids: 35.329 million metric tonnes of CO2 (2019 est. Beware of pickpockets when walking through crowded areas. 0-14 years: 25.82% (male 2,226,240/female 2,138,219)15-24 years: 17.8% (male 1,531,545/female 1,478,222)25-54 years: 40.31% (male 3,333,650/female 3,480,262)55-64 years: 7.92% (male 647,718/female 691,759)65 years and over: 8.15% (male 648,761/female 728,491) (2020 est. In 2016, the World Bank published a poverty assessment associated with water and sanitation services. ), 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. President Lasso declared a state of emergency in two regions and labelled such violent incidents "a declaration of open war". If you are curious about the classification of Ecuador, then keep reading to learn more. ), fossil fuels: 21% of total installed capacity (2020 est. The crisis widened the macroeconomic imbalances that the country had struggled to overcome since the middle of the last decade. Ecuador is an upper middle-income economy with a GNI per capita of $5,930. 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). Secondary education is diverse. The Top Cocoa Producing Countries In The World. Health departments, the travel industry, multinational corporations, missionary and volunteer organizations, and travelers can also use this information to help make international travel as healthy and safe as possible. Ecuador is a patchwork of ethnic identities, a complex legacy of its indigenous and colonial past. Integration of reforms in water supply, sanitation, transportation and risk management. The economy is poor and a big part of the population lives below the poverty line. There are more than 6,000 varieties of Orchids in the country. In the economic sphere, the plan seeks to improve employment opportunities and labor conditions by establishing a better investment and productivity environment, and continuing to improve the sustainability and transparency of public finances. According to Forbes, Ecuador is among the cheapest countries to live in. ), total: 18.13 deaths/1,000 live birthsmale: 21.7 deaths/1,000 live birthsfemale: 14.39 deaths/1,000 live births (2022 est. The country has high rates of poverty, a high infant mortality rate, poor prison conditions, and poor education levels. The United Nations Member States Monaco, Nauru, North Korea, and Somalia are typically excluded from the Human Development Index. The countrys rural poverty is severe. Find out what the Bank Group's branches are doing in Ecuador. 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. )permanent pasture: 19.4% (2018 est. In Ecuador, there isnt much information on vocational training. This is 7.4% higher than that of 2020, which was $5,540 in 2019. )note: data represent persons at least 16 years of age from five Ecuadoran cities. 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. 1450s - Incas of Peru conquer the Caras people, whose kingdom had its capital in Quito. 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. It has a wide variety of plants and animals. African Ecuadoreans make up 7% of Ecuadors population. 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. CDC's Travelers' Health Web site contains detailed advice for health care providers. These definitions lasted throughout the Cold War (approx. )$2.69 billion (2020 est. Other attractions include Basilica del Voto Nacional, La Compania de Jesus Church, and Plaza Grande. Over the years the phrase got a makeover. The Galapagos Islands consist of 19 islands and lots of smaller islets. "Third World" lost its political root and came to refer to economically poor and non-industrialized countries, as well as newly industrialized countries. Dont let the third-world label deter you. ), 77.9% (2018/19)note: percent of women aged 15-50, improved: urban: 100% of populationrural: 87.1% of populationtotal: 95.4% of populationunimproved: urban: 0% of populationrural: 12.9% of populationtotal: 4.6% of population (2020 est. Even though the gap has reduced, there is still a significant gap between the rich and the poor. An estimated 2 to 3 million Ecuadorians live abroad, but increased unemployment in key receiving countries - Spain, the United States, and Italy - is slowing emigration and increasing the likelihood of returnees to Ecuador. Nevertheless, the conditional cash transfer program, which requires participants' children to attend school and have medical check-ups, has helped improve educational attainment and healthcare among poor children. A ride on the train allows you to enjoy beautiful views of incredible gorges, rivers, and waterfalls. Moving To Laguna Woods, California Is Laguna Woods A Good Place To Live? 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. )municipal solid waste recycled annually: 683,340 tons (2015 est. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia. Quick Fact: The Ecuadorian government still issues the Centavo coins since it is only the US dollar bills that are used in Ecuador. They may resort to child labour to generate more income. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The country is diverse. The stability of Ecuadors economy depends on its economy. To achieve this, three things are essential: evidence-based decision. ), number of registered air carriers: 7 (2020)inventory of registered aircraft operated by air carriers: 35annual passenger traffic on registered air carriers: 5,365,261 (2018)annual freight traffic on registered air carriers: 64.2 million (2018) mt-km, total: 104over 3,047 m: 42,438 to 3,047 m: 51,524 to 2,437 m: 18914 to 1,523 m: 26under 914 m: 51 (2021), total: 328914 to 1,523 m: 37under 914 m: 291 (2021), 485 km extra heavy crude, 123 km gas, 2,131 km oil, 1,526 km refined products (2017), total: 965 km (2022)narrow gauge: 965 km (2022) 1.067-m gaugenote: passenger service limited to certain sections of track, mostly for tourist trains, total: 43,950 km (2022)paved: 8,895 km (2022)unpaved: 35,055 km (2022), total: 145by type: container ship 1, general cargo 7, oil tanker 27, other 110 (2021), major seaport(s): Esmeraldas, Manta, Puerto Bolivarcontainer port(s) (TEUs): Guayaquil (2,163,151) (2021)river port(s): Guayaquil (Guayas), Ecuadorian Armed Forces: the Ecuadorian Army (Ejrcito Ecuatoriano), Ecuadorian Navy (Armada del Ecuador, Fuerza Naval del Ecuador, FNE; includes naval infantry, naval aviation, coast guard), Ecuadorian Air Force (Fuerza Aerea Ecuatoriana, FAE) (2022)note: the National Police of Ecuador (Polica Nacional del Ecuador) is under the Ministry of Government, 2% of GDP (2021 est. However, an economic crisis that heightened in 1999 caused Ecuadorians to convert their holdings to the US dollar at an exchange rate of $1 to 25,000 Sucre. Read Also: Is Guatemala a Third World Country? Visit the Definitions and Notes page to view a description of each topic. Most countries have a nation-wide minimum wage that all workers must be paid. Interactive map The "First World" countries were the largely democratic NATO countries such as the United States, Japan, and much of Western Europe. 'S 20th since gaining independence, and Somalia are typically excluded from the Human Development (! The classification of Ecuador, there isnt much information on vocational training the Second! To 4 % of total installed capacity ( 2020 est. much information on vocational training war (.! To live in Ecuador 35.329 million metric tonnes of CO2 ( 2019 est., then keep to. ( 2019 est. permanent pasture: 19.4 % ( 2018 est. also known being! 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