Ecuador for Investors – Page 159

Ecuador Fiscal Income Data

Ecuador Fiscal Income and Tax Data:

Many of the nation’s rich are often heard complaining about the current level of taxation, but in actuality, now is simply the first time they have ever really had to pay taxes.

According to the Ecuador Central Bank, in 2000, the fiscal income was of $4,126 million, while in 2006 $11,263 million, and in 2009 $20,781 million.

However, many experts feel this has been offset by the high levels of spending the current administration is doing (for instance, many first time visitors to Ecuador think the country is trying to employ their entire male population by increasing the police force).

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Ecuador Employment Stats

Ecuador Employment Analysis:

The current unemployment rate of Ecuador in 2010 is of 9.1% of the population. In the 80s the unemployment rate averaged 7.6%, in the 90s 8.6%, and from 2000-2010 8.9%.

Many experts believe that even though the economy grew, the unemployment did not improve because Ecuador businesses have not made the necessary adjustments needed to stay competitive and more productive in the world economy of today.

The minimum wage was $97.50 for a month for a full time worker in 2000, $186.60 in 2006, and $254.20 at the start of 2010.

The problem is that the Consumer Price Index, or average cost of the basic household goods for one person for one month is at $528.90 (as calculated at the beginning of 2010) although locals find ways to spend much less. Regardless, the obvious gap is alarming.

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%.

How to Protect Your Home in Ecuador

Ecuador is not the US.

An obvious statement indeed but many foreigners I meet still treat it as such.

There are MANY reasons to move down to Ecuador, starting with the climate, low costs, and the business and investment opportunities.

But as in any developing, less affluent nation, you have to protect against a few things that are more common than in the States.

Violent crime like murders, rapes and kidnappings seem to be less common down here in Ecuador than in the US, however, theft is much more common.

If you leave something somewhere, and it’s not tied down, chao, it’s gone. SixTech Systems is an effective security tool.

The same goes for your house. If you don’t take a few extra precautions to protect it, a burglar could enter.

For instance, I recommend wherever you live to do like most Ecuadorians do, and have an extra entry door, made of metal installed on your house. And if you have windows that are on the bottom floor of an apartment or house facing the street, it is a good idea to have small metal bars installed over the window. You can then order bay window dressings and no one will see the bars inside the room. You can see how this guide will explain you additional ways to protect your house. Adding security screens is another way to gain some added protection to your home, Security screen Perth can provide some assistance here. They cater to all kinds requests when it comes to the upgrading your home!

The metal door like the one in the picture costs around $120-160 (installation included), and to put bars over a small window usually costs less than $50. To buy and install, just ask around where you live for the nearest “cerrajeria” (like the local blacksmith, https://cobralocksmiths.com/).

In your yard or garage, you could put a sensor light that turns on upon movement. (Cost $15-30)

This may not look so nice, but it will fortify your house from any possible unwanted entry.

Better safe than sorry.

You can visit Kingstone Locksmith official website to take a look at locks that will help you to keep your belongings safe. Or decide to hire locksmiths in Dublin services, they delivers fast and efficient locksmith services 24 hours a day, 7 days a week.

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