Ecuador’s economy grew by 0.3% in 2015 – Investing.com Spain

Quito, April 1 (EFE) .- Ecuador’s economy grew by 0.3% in 2015, an increase of 1% in the non-oil sector and a decline of 1, 7% in the oil, said the official website El Ciudadano.

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

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

by sector, economic activities were fastest growing shrimp aquaculture and fisheries (13.8 %), 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 the 2000, grew in 2014 by 3.8% and 4.5% in 2013, and currently 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 reduced from $ 35 to $ 25 average price calculation barrel of its oil.

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