Ecuador

Region: LatAm and Caribbean
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

Middle Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 16.7 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 1.1% (2018)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $6,217 (2017)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Ecuador Reports

Name
Report information
pdf
  • Year of publication: 2018
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2018-08-20

  • This report provides a comprehensive and detailed account of entrepreneurship in Ecuador, based on a sample of 2060 adults and 37 national experts. In 2017, around 3 million of Ecuadorians were estimated to be starting or running a new business, based on the Global Entrepreneurship Monitor´s Total Entrepreneurial Activity (TEA) rate of 29.6%, being the highest of Latin America for 6 consecutive years, followed by Peru and Chile; nevertheless, it has gradually decreased since 2013. The difficulties to overcome the threshold of 3 months of operation persist; the main issues are financing and low profitability.
  • URL: https://gemconsortium.org/report/50078
GEM Ecuador 2017 Report
Report information
pdf
  • Year of publication: 2017
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2017-06-27

  • En el 2016, el Índice de Actividad Emprendedora Temprana (TEA) para Ecuador fue de 31.8% siendo 2.2 veces mayor al promedio de las economías de eficiencia. Esto representa una ligera disminución en la actividad emprendedora en comparación al 2015, donde la TEA de Ecuador se ubicó en 33.6%. Pese a esto, Ecuador sigue siendo el país con la TEA más alta en la región, y el segundo entre los 66 países participantes.
  • URL: https://gemconsortium.org/report/49844
GEM Ecuador 2016 Report
Report information
pdf
  • Year of publication: 2016
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2016-08-10

  • En el 2015 se obtuvo un Índice de Actividad Emprendedora Temprana (TEA) de 33.6%, esta cifra no ha presentado variaciones importantes en los últimos años. Al poner en contexto la realidad del emprendimiento Ecuatoriano con el resto de economías de eficiencia, se puede observar que la TEA en Ecuador es 2.2 veces superior que el promedio para estas economías.
  • URL: https://gemconsortium.org/report/49563
GEM Ecuador 2015 Report
Report information
pdf
  • Year of publication: 2015
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2015-09-22

  • The Total Early-Stage Entrepreneurial Activity (TEA) in Ecuador decreased in 2014 to 32.6% from a peak of 36% in 2013. However, Ecuador remains as the Latin American country with the highest TEA, followed by Peru (28.8%) and Chile (26.8%). It also has the highest TEA among the efficiency-based economies.
  • URL: https://gemconsortium.org/report/49224
GEM Ecuador 2014 Report
Report information
pdf
GEM Ecuador 2013 Report
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