Ecuador’s economy is resource-based, with oil exports and agriculture (e.g., bananas and shrimp) as key drivers. Market competition is constrained by reliance on commodities and a large informal sector. Public policies focus on poverty reduction and social equity, but political instability limits effectiveness. Regulatory frameworks are improving, though bureaucratic inefficiencies persist. Ecuadorian society is diverse, with a growing urban middle class. Education has expanded, but quality issues remain, especially in rural areas. Healthcare is universal but underfunded, with disparities in access. Climate vulnerabilities, including deforestation and rising temperatures, require sustainable resource management. Ecuador’s growth depends on diversifying its economy and stabilizing governance.
