Here is your first Forum » Finance of Ecuador

The minimum monthly wage in Ecuador is USD 451. Ecuador has a public debt equivalent to 27.3% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, the inflation rate in Ecuador is 2.6%. The currency of Ecuador is the US dollar. The US Dollar is one of the major currencies in the world and is used in several territories besides the United States, including Puerto Rico, Guam and the US Virgin Islands. The US dollar is a stable currency that can be relied upon for investment opportunities. The plural form of the word US dollar is dollars. The symbol used for this currency is $ and is abbreviated to USD. The US dollar is divided into cents; there are 100 in a dollar. Every year, consumers spend around $36,774 million. The ratio of consumer spending to GDP in Ecuador is 0.04%, and the ratio of consumer spending to world consumer market is 10.6%. Corporate tax in Ecuador is 22%. Personal income tax ranges from 5% to 35% depending on your specific situation and income level. The VAT in Ecuador is 12%. In 2013, Ecuador received US$149.4 million in foreign aid. In 2014, foreign aid totaled $158.8 million.

Gross domestic product
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Ecuador is US$181,153 billion. The gross domestic product (GDP) per capita calculated in purchasing power parity (PPP) in Ecuador was last seen at $10,742,361. PPP in Ecuador is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Ecuador is 94.473 billion. Based on this statistic, Ecuador is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Ecuador was last seen at $5,602,243. The average citizen in Ecuador has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Ecuador averaged 4% in 2014. According to this percentage, Ecuador is currently experiencing significant growth. Significant growth countries offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.