Pure South American
Ecuador is a representative democratic republic, bordered by Colombia to the north and Peru on the east and south. It is one of only two countries on the continent that does now share a border with Brazil. The country also includes the famed Galapagos Islands, about 1,000 kilometers west.
Ecuador’s economy is the eighth-largest in Latin America, but its GDP grew by 7.8% in 2011, the third-highest in Latin America. During the recent global financial crisis, Ecuador was able to maintain positive growth.
The population of roughly 15 million is fairly diverse. The Mestizos (descendants of Spanish colonists and indigenous people) comprise roughly 72% of the population, while Amerindians account for another 7%.
Prepared for Growth in Industry
Ecuador has great potential for expanding industry in a number of sectors. Textiles, mining, raw materials and gas and oil refinement all present opportunity, which in turn will help the job market and rising incomes, presenting an expansion opportunity for real estate and other related industries.
In Manta, the Pacific refinery will be one of the largest in the region.
Meanwhile, tourism continues to be an important element of the economy, especially as South America continues to make the list as a must-see destination. Certainly the Galapagos Islands are a big draw, but because of the fragile environmental concerns, the government is careful not to expand the footprint to damage the treasures that they hold.
Find out more about the country of Equador from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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