According to eningbo, Ecuador in 2012 had a population of approximately 15 million people and was located in the northwestern corner of South America bordered by Peru, Colombia, and the Pacific Ocean. The official languages of Ecuador were Spanish and some indigenous languages such as Quechua and Shuar. The country is divided into four regions known as Galapagos Islands, Amazon region, Andean region, and coastal region. In 2012, Ecuador’s economy was primarily based on oil exports with petroleum accounting for nearly half of all exports. Other exports included bananas, coffee, cocoa beans, shrimp, cut flowers and fish products. The Gross Domestic Product (GDP) per capita was $8,400 USD which placed it among the middle-income countries in Latin America. In 2012 poverty levels in Ecuador were still high with about one third of the population living below the poverty line. In addition to this there were also issues related to gender inequality with women typically receiving lower wages than their male counterparts for similar jobs. Despite these issues however there were some positive developments taking place in 2012 that provided hope for improved economic conditions for its citizens. These developments included increased foreign investment into infrastructure projects such as roads and ports which would help to improve trade opportunities with other countries in the region and beyond. In addition there was a growing trend towards renewable energy sources such as solar energy which promised to reduce reliance on imported oil products from abroad which would have a positive impact on both economic growth as well as environmental protection efforts. Overall, while there were still significant challenges facing Ecuador in 2012 it had made some progress towards improving economic conditions for its citizens through increased investment into infrastructure projects and renewable energy sources which promised better opportunities for future generations of Ecuadorians people. In 2015, Ecuador was a middle-income country located in the northwest corner of South America. It was bordered by Colombia to the north and Peru to the east and south, with the Pacific Ocean to its west. The country was home to around 15 million people and had a population density of 66 people per square kilometer. The government in 2015 was a unitary presidential republic headed by President Rafael Correa. The country’s constitution provided for free and fair elections, freedom of speech, press and assembly as well as peaceful transitions of power. It also guaranteed certain rights such as access to health care and education as well as protection from discrimination on the basis of race, gender or religion. Economically, Ecuador had made some progress in diversifying its economy since the turn of the century. Its main exports included petroleum products, bananas, shrimp, gold and coffee while its main imports included machinery and transport equipment; chemicals; fuels; foodstuffs; paper products; textiles; electrical machinery and equipment; crude oil for refining into fuels for domestic consumption. In terms of health care and education, Ecuador had made significant progress since independence in terms of access to public services such as hospitals and schools. In 2015 infant mortality rates were low at 17 deaths per 1,000 live births while literacy rates were high at 97% for adults over 15 years old. Education was free up to secondary level while tertiary education was subsidized by the government which enabled more people to pursue higher education than ever before. Overall, 2015 was an encouraging year for Ecuador; it enjoyed political stability under President Correa’s leadership while its economy grew steadily due to increased investment from foreign companies looking to take advantage of the country’s attractive tax incentives for businesses operating within its borders. Its citizens enjoyed access to quality healthcare services and education which allowed them to pursue their dreams without worrying about being held back by poverty or lack of resources. With continued investment from international partners and determined efforts from local leaders, there is great potential for Ecuador’s future success that will benefit all who call it their home or choose to invest their money into its future prosperity. Check cheeroutdoor for Ecuador Business.