ECUADOR
Country of opportunities
Amb. Nicolas Trujillo
Montreal, December 3, 2015
E-mail: ambassador@embassyecuador.ca
ECUADOR
 Capital : Quito
 Type of Government: Presidential Republic
 President: Rafael Correa Delgado, Ph.D.
 Official Language: Spanish
 Population: 14’483.499 (Census 2010), 15’520.973 (2013 official
projections) (75% urban, and 25% lives in rural places)
 Religion: 80.4% Catholics 11.3% Protestants
8.3% atheist and agnostics (Census 2010)
 Total Surface Area: 256.370 km²
 Currency: US Dollar
 Administrative Structure: 24 provinces, 1 Metropolitan
District (Quito) and 1 Special Zone (Galápagos Islands)
 Natural Regions: Coast, Andean Region, Amazon Jungle,
Galapagos Islands – 2 Hemispheres – 4 Worlds
ABOUT ECUADOR:
Economic & Social Indicators
ECONOMIC
Ecuador has achieved STRONG GROWTH in the
last decade, preparing for future development
GDP GROWTH
SOCIAL-POLITIC
Annual average 4,6% from 2007
to 2014, among the highest in the
region.
POLITICAL STABILITY
COMPETITIVE
Re-elected president with 72%
public approval
Source: ECLAC
INVESTMENT
High level of investment
with low public debt
SOCIAL DEVELOPMENT
Improvement in HDI and wealth
concentration
INFRAESTRUCTURE
LOGISTICS
Development of
communication, energy and
road infrastructure
Roads, airports and ports
development, ideal location for
commerce
MACROECONOMIC BENCHMARK
OF ECUADOR
7.3%
2008
4.15%
2014
UNEMPLOYMENT RATE
REDUCTION OF 3.15%
Source: BCE
MACROECONOMIC BENCHMARK
OF ECUADOR
RATE OF INFLATION 2014
3.70%
Source: BCE
3.90%
4.20%
5.10%
5.20%
8.30%
68.50%
ECUADOR REDUCED POVERTY
AND INEQUALITY
REDUCTION OF
EXTREME POVERTY
16.45%
7.48%
8.97%
2007
Source: World Bank
2015
ECUADOR REDUCED
INCOME INEQUALITY
54
REDUCTION OF INCOME
INEQUALITY
1st place
in Latin
America
46.7
2006
Source: World Bank
2014
ACHIEVEMENTS
IN HIGHER EDUCATION, SCIENCE,
TECHNOLOGY AND INNOVATION
2013 -2014
ECUADOR INVESTS THE HIGHEST % OF GDP IN HIGHER
EDUCATION (2013) OF ANY LATIN AMERICAN COUNTRY
 Public expenditure on higher education, as a percentage of GDP
2.19 % by 2014
FREE HIGHER EDUCATION IS GUARANTEED IN ORDER TO
INCREASE ACCESS AND COMPLETION
More Young People aged between 18 and 24 have gained access to Higher
Education
Over 9 billion dollars have been invested in Higher Education by 2014
HISTORICALLY EXCLUDED GROUPS ARE NOW ACCESSING
HIGHER EDUCATION
 Gross attendance rates for higher education
THE HIGHER EDUCATION ENTRANCE SYSTEM REWARDS
EXCELLENCE
 Percentage of the highest scoring high school pupils that study abroad, by
discipline
NUMBER
SCHOLARSHIPS
THE
NUMBEROF
OFPOSTGRADUATE
POSTGRADUATE SCHOLARSHIPS
ABROAD
ABROAD
HAS
TRIPLED
HAS
TRIPLED
 Number of Postgraduate Scholarships Abroad
 10,000 Scholarships by 2014
 CALDO-SENESCYT MoU signed in 2014
NUMBER
OF POSTGRADUATE
SCHOLARSHIPS
CANADIAN
UNIVERSITIES IN SENESCYT
LIST
ABROAD HAS TRIPLED
LIST OF EXCELLENCE
University of Montreal
Simon Fraser University
University of Queen, Ontario
University of Western Ontario
University of Victoria
University of Alberta
Laval University
University of Calgary
University of Ottawa
University of Saskatchewan
McMaster University
Dalhousie University
Guelph University
University of Waterloo
University of Manitoba
OPEN CALL LIST
University of British Columbia
University of Toronto
McGill University
University of Alberta
University of Calgary
Laval University
University of Ottawa
University of Montreal
University of Waterloo
University of Queen, Ontario
Dalhousie
University of Western Ontario
University of Saskatchewan
McMaster University
FOUR NEW WORLD-CLASS UNIVERSITIES
WERE CREATED
YACHAY PUBLIC COMPANY AND ECUADOR’S FIRST SPECIAL
ECONOMIC DEVELOPMENT ZONE (ZEDE)
ECUADOR INVESTS IN HUMAN TALENT
2.12 % of GDP in public spending for
higher education, the highest in the region
EVOLUTION OF PUBLIC EXPENDITURE ON HIGHER
EDUCATION IS AS % OF GDP
10,482
Granted scholarships for
fourth level education
between 2007 and 2014
Source: SENECYT
GLOBAL COMPETITIVENESS INDEX
71
31 positions
in the last 7
years
102
2007-2008
2013-2014
Source: World Economic Forum
THE HIGHEST IMPROVEMENT IN THE REGION
THE STATE HAS INVESTED IN INFRASTRUCTURE:
ports, airports, telecommunications, highways and power generation projects
37,418 Km
9,200 Km
of fiber optic cable
of roads and highways
Annual growth
rate is 32.8%
More than USD 7.600 million
invested
Source: MINTEL
Source: MICSE
Power generation projects
By 2016 Ecuador will have
8,300 MW installed
Source: MICSE
NATIONAL INDICATORS
17
Updated or new
airports operated
nationwide
8
new hydroelectric plants
by 2016
With a public-private investment
of over USD 4.5 billion
Source: MCPEC
86%
9,000 km of new
highway system
With a public investment of
more than USD 8 billion
6
multi-purpose projects of
irrigation and flood
control
With a public investment
surpassing USD 800 million
COSTS OF ESSENTIAL SERVICES FOR
INDUSTRIES
8₡
29₡
kilowatt per hour
Per liter of diesel
Lower energy costs in the
region
One of the lowest fuel costs for the
industry
One of the lowest energy costs in the
region
Source: OLADE- Year 2014
Source: World Bank – Year 2014
1.5$
Per cubic meter
One of the lowest costs of water in the region
Source: Metropolitan Water and
Sanitation Company of Quito
THANK YOU
INVESTMENT CATALOG
http://embassyecuador.ca/investments.pdf