Category: Investor News/Analysis

Ecuador GDP and Production Figures

Production and GDP in Ecuador:

According to the Ecuador Central Bank the economy has shown steady growth throughout the decade, even during the the world financial crisis, in 2000 the brute production of the country was $15,934 million, in 2006 21,553 million, and in 2009 23,760 million.

The GDP, or output per person grew at a rate (compared to the year before) in 2000 at 2.80%, in 2003 3.58%, in 2006 3.89%, and in 2009 at .98%.

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The Dollar Crash, Effects on Ecuador

I’m ticked, like most Americans as I continue to watch the dollar drop in value. With the dollar at or near all-time lows against many foreign currencies, like the Euro, I thought I’d mention the effects I’ve seen in Ecuador.

Ecuador is one of the few countries in the world that actually uses the dollar as it’s official currency. In Latin America, only El Salvador and Panama also use the dollar.

This means that as the dollar drops, and the rest of the world gets more expensive for Americans on a fixed, dollar pension…their only options will be to stay at home (what I think the American government wants) or choose to live in one of the few other countries with the dollar, like Ecuador.

This is a BIG deal and makes Ecuador a very attractive both short and long term investment, as well as an interesting, warm, relatively-nearby place to retire for many Americans.

For example, in 2006 I lived in Colombia, then the dollar traded at around 1-2500 Colombian Pesos, now a dollar is worth 1811 pesos, a 28% drop in value. When I visited Brazil in 2006 the Real was trading around 2.15 to the dollar, now it’s at 1.57 to the greenback, a 27% drop.

And if the world’s rich realize the dollar is a losing investment, and dump it, the dollar will be worth even less, as I saw on a recent trip to Hong Kong where many of the rich I met who before held dollars now hold their savings in Chinese Yuan. It’s well-documented the Yuan is undervalued yet continues to gain in value against the dollar at a steady, government-regulated pace (it’s gained 4.5% over the last year against the dollar according to xe.com).

Buy Yuan. Invest in Ecuador. Interesting.

This coming week I’ll reveal how to buy Yuan on my Insider’s Ecuador Newsletter, sign up below (you can unsubscribe at any time):

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Inflation Trends in Ecuador

Since the dollarization, Inflation has been reduced to normal levels.

According to the Ecuador Central Bank, in 2000, the inflation rate of the country was 90%, in 2003 6.1%, in 2006 2.87%, and in 2009 4.31%. The Ecuador population loves the dollar and does not plan to switch back any time soon.

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Ecuador Economy Update

This week on the Ecuador Insider’s Newsletter I’ll uncover some interesting facts about the current state of the Ecuadorian economy…sign up below to be sure you get it (you can unsubscribe at any time):

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The Trend-Setters of Ecuador to Watch

This week on the Ecuador Insider’s Newsletter I’m going to uncover how to discover trends in Ecuador before anyone else can, be sure to sign up within the next day if you want to see this report, it will go out at 5am on Sunday morning!

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