Official name
Political capital Quito
Local currency American dollar (USD)
Official languages Spanish

Why Ecuador

The Ecuadorian economy historically has played the role of raw material exporter of goods such as Cocoa, Bananas and Petrol. The main economic activities that have witnessed a significant progression are amongst the following sectors: Water and Electricity 13.1%, construction 9.3%, fishery 6,5%, financial intermediation services 3.8%. The mineral oil refining industry on the other hand has seen a decline of 9,9% in its activities.