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What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Quito became a seat of Spanish colonial government in 1563 and part of the Viceroyalty of New Granada in 1717. The territories of the Viceroyalty - New Granada (Colombia), Venezuela, and Quito - gained their independence between 1819 and 1822 and formed a federation known as Gran Colombia. When Quito withdrew in 1830, the traditional name was changed in favor of the "Republic of the Equator." Between 1904 and 1942, Ecuador lost territories in a series of conflicts with its neighbors. A border war with Peru that flared in 1995 was resolved in 1999. Although Ecuador marked 30 years of civilian governance in 2004, the period has been marred by political instability. Protests in Quito contributed to the mid-term ouster of three of Ecuador's last four democratically elected Presidents. In September 2008, voters approved a new constitution; Ecuador's twentieth since gaining independence. General elections, under the new constitutional framework, were held in April 2009, and voters re-elected President Rafael CORREA.
note:due to the fact that the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet furthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea-level
volcanism:
Ecuador experiences volcanic activity in the Andes Mountains; Sangay (elev. 5,230 m, 17,159 ft), which erupted in 2010, is mainland Ecuador's most active volcano; other historically active volcanoes in the Andes include Antisana, Cayambe, Chacana, Cotopaxi, Guagua Pichincha, Reventador, Sumaco, and Tungurahua; Fernandina (elev. 1,476 m, 4,842 ft), a shield volcano that last erupted in 2009, is the most active of the many Galapagos volcanoes; other historically active Galapagos volcanoes include Wolf, Sierra Negra, Cerro Azul, Pinta, Marchena, and Santiago
deforestation; soil erosion; desertification; water pollution; pollution from oil production wastes in ecologically sensitive areas of the Amazon Basin and Galapagos Islands
chief of state: President Rafael CORREA Delgado (since 15 January 2007); Vice President Lenin MORENO Garces (since 15 January 2007); note - the president is both the chief of state and head of government
head of government:
President Rafael CORREA Delgado (since 15 January 2007); Vice President Lenin MORENO Garces (since 15 January 2007)
elections:
the president and vice president elected on the same ticket by popular vote for a four-year term and can be re-elected for another consecutive term; election last held on 26 April 2009 (next to be held in 2013)
election results:
President Rafael CORREA Delgado reelected president; percent of vote - Rafael CORREA Delgado 52%; Lucio GUTIERREZ 28.2%; Alvaro NOBOA 11.4%; other 8.4%
unicameral National Assembly or Asamblea Nacional (124 seats; members are elected through a party-list proportional representation system to serve four-year terms)
elections:
last held on 26 April 2009 (next to be held in 2013)
election results:
percent of vote by party - NA; seats by party - PAIS 59, PSP 19, PSC 11, PRIAN 7, MPD 5, PRE 3, other 20; note - defections by members of National Assembly are commonplace, resulting in frequent changes in the numbers of seats held by the various parties
National Court of Justice or Corte Nacional de Justicia (according to the Constitution, justices are elected through a procedure overseen by the Judiciary Council); Constitutional Court or Corte Constitucional (Constitutional Court justices are appointed by a commission composed of two delegates each from the Executive, Legislative, and Transparency branches of government)
Alianza PAIS movement [Rafael Vicente CORREA Delgado]; Christian Democratic Union or UDC [Luis ACOSTA Moreta]; Democratic Left or ID [Dalton BACIGALUPO]; Ethical and Democratic Network or RED [Martha ROLDOS]; Institutional Renewal and National Action Party or PRIAN [Vicente TAIANO]; Pachakutik Plurinational Unity Movement - New Country or MUPP-NP [Jorge GUAMAN Coronel]; Patriotic Society Party or PSP [Lucio GUTIERREZ Borbua]; Popular Democratic Movement or MPD [Luis VILLACIS]; Roldosist Party or PRE [Abdala BUCARAM Pulley, director]; Social Christian Party or PSC [Pascual DEL CIOPPO]; Socialist Party - Broad Front or PS-FA [Silvia SALGADO]
Confederation of Indigenous Nationalities of Ecuador or CONAIE [Marlon SANTI, president]; Coordinator of Social Movements or CMS [F. Napoleon SALTOS]; Federation of Indigenous Evangelists of Ecuador or FEINE [Manuel CHUGCHILAN, president]; National Federation of Indigenous Afro-Ecuatorianos and Peasants or FENOCIN [Luis Alberto ANDRANGO Cadena, president]
three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; the flag retains the three main colors of the banner of Gran Columbia, the South American republic that broke up in 1830; the yellow color represents sunshine, grain, and mineral wealth, blue the sky, sea, and rivers, and red the blood of patriots spilled in the struggle for freedom and justice
note:similar to the flag of Colombia, which is shorter and does not bear a coat of arms
Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and one-fourth of public sector revenues in recent years. In 1999/2000, Ecuador suffered a severe economic crisis, with GDP contracting by more than 6%. Poverty increased significantly, the banking system collapsed, and Ecuador defaulted on its external debt later that year. In March 2000, the Congress approved a series of structural reforms that also provided for the adoption of the US dollar as legal tender. Dollarization stabilized the economy, and positive growth returned in the years that followed, helped by high oil prices, remittances, and increased non-traditional exports. From 2002-06 the economy grew 5.5%, the highest five-year average in 25 years. After moderate growth in 2007, the economy reached a growth rate of 7.2% in 2008, in large part due to high global petroleum prices. President Rafael CORREA, who took office in January 2007, defaulted on Ecuador's sovereign debt in December 2008, refusing to make payment on $3.2 billion in international bonds, representing over 80% of Ecuador's private external debt. Economic policies under the CORREA administration - including an announcement in late 2009 terminating 13 bilateral investment treaties - have generated economic uncertainty and discouraged private investment. The Ecuadorian economy slowed to 0.4% growth in 2009 due to the global financial crisis, and the sharp decline in world oil prices and remittance flows, but picked up to a 2.4% growth rate in 2010.
general assessment: generally elementary but being expanded
domestic:
fixed-line services provided by multiple telecommunications operators; fixed-line teledensity stands at about 14 per 100 persons; mobile-cellular use has surged and subscribership reached about 95 per 100 persons in 2009
international:
country code - 593; landing points for the PAN-AM and South America-1 submarine cables that provide links to the west coast of South America, Panama, Colombia, Venezuela, and extending onward to Aruba and the US Virgin Islands in the Caribbean; satellite earth station - 1 Intelsat (Atlantic Ocean) (2009)
private broadcast media dominate; all stations are privately-owned except for 1 government-controlled station; multiple television networks, a number of national TV channels, and a large number of local channels; more than 400 radio stations; broadcast media required by law to give the government free air time to broadcast programs produced by the state (2007)
organized illegal narcotics operations in Colombia penetrate across Ecuador's shared border, which thousands of Colombians also cross to escape the violence in their home country
refugees (country of origin): 11,526 (Colombia); note - UNHCR estimates as many as 250,000 Columbians are seeking asylum in Ecuador, many of whom do not register as refugees for fear of deportation (2007)
significant transit country for cocaine originating in Colombia and Peru, with much of the US-bound cocaine passing through Ecuadorian Pacific waters; importer of precursor chemicals used in production of illicit narcotics; attractive location for cash-placement by drug traffickers laundering money because of dollarization and weak anti-money-laundering regime; increased activity on the northern frontier by trafficking groups and Colombian insurgents
(2008)
The online Factbook is updated weekly. ISSN 1553-8133
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