Evaluating the market in Ecuador

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Business environment in Ecuador

Continued low oil prices have impacted the Ecuadorian economy and made it susceptible to oil price shocks, due to the country's reliance - albeit decreasing - on the oil industry. Subdued economic growth has further impacted Ecuador's liquidity position, which could cause delays in accessing foreign currency. With the victory of President Lenin Moreno, the commercial environment is expected to see gradual improvements as he takes a more open and collaborative approach to private and foreign investment. The government is focused on diversifying the economy with planned investment into the energy, infrastructure and transportation sectors. 
  • Agriculture
  • Construction & Infrastructure
  • Mining & Metals
  • Oil and Gas

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Karicia Quiroz

Senior Trade Advisor, EDC

Karicia Quiroz  Senior Trade Advisor, EDC