Friday, April 1, 2016

Ecuador economy grew 0.3% in 2015 – World


 5:22 p.m.
 |
 EFE
.- Ecuador economy grew by 0.3% in 2015, an increase of 1% in the non-oil sector and a decrease of 1.7% in the oil, the official site Citizen reported Thursday.


The decline in oil economy sector was due to the combined effect of the fall in international prices and a lower level of oil production, said the manager of the Central Bank of Ecuador (BCE) Diego Martinez.


According to Martinez, growth in final consumption expenditure Government (1.1%)
, in the final consumption of households it was registered (0.2%) and exports of goods and services (0.2%).

By sector, economic activities were fastest growing shrimp aquaculture and fisheries (13.8%), oil refining (8%) and electricity and water supply (7.9 %).

According to information, on the other hand, foreign direct investment was 1.060 billion dollars in 2015, 37.1% more than in 2014.

the Central Bank data on the behavior of the economy coincide with the advanced estimates for previous months by the government, which announced a forecast growth of between 0.3 and 0.4% of gross domestic product (GDP) and warned that the poorest do not pay the cost of the economic difficulties.


The economy of Ecuador, which adopted the dollar in 2000, it grew in 2014 by 3.8% and in 2013 4.5%
, and currently it is going through problems due to the strengthening of the currency and falling oil prices, its main export.

The Government of Ecuador announced in February that studies certain adjustments to the state budget for 2016 and reduced from $ 35 to $ 25 average price calculation barrel of its oil.

LikeTweet

No comments:

Post a Comment