Read Also: Is Jamaica a Third World Country? A liberal supporter of the free market, Mr Lasso ended 14 years of centre-left rule when he won the 2021 presidential election, narrowly beating his socialist opponent Andes Arauz. Ecuador' oil reserves are the third largest in Latin . The countrys rural poverty is severe. The rates continue to decline. The country has about 1088 primary schools. Traditionally a farming country, Ecuador's economy was transformed after the 1960s by the growth of industry and the discovery of oil. (We Salute You, Our Homeland)lyrics/music: Juan Leon MERA/Antonio NEUMANEnote: adopted 1948; Juan Leon MERA wrote the lyrics in 1865; only the chorus and second verse are sung, total World Heritage Sites: 5 (3 cultural, 2 natural)selected World Heritage Site locales: Historic Quito (c); Galpagos Islands (n); Historic Cuenca (c); Qhapaq an/Andean Road System (c); Sangay National Park (n), highly informal South American economy; USD currency user; major banana exporter; hard hit by COVID-19; macroeconomic fragility from oil dependency; successful debt restructuring; China funding budget deficits; social unrest hampering economic activity, $189.88 billion (2021 est. It has a unique ecosystem including a variety of bird species and wildlife. However, it also has lots of amazing things to offer. The country exports lots of flowers, bananas, and cocoa. These African-Ecuadorians are descendants of African slaves shipped to Ecuador by Spanish colonists. )note: data represent persons at least 16 years of age from five Ecuadoran cities. The work areas and objectives established in the 2019-2023 CPF are interrelated and complementary. Two years later, amid a financial crisis, Velasco suspends the constitution and rules by decree. A big part of the population lives near or below the poverty line. Read Also: Is Kenya a Third World Country? Find out what the Bank Group's branches are doing in Ecuador. )investment in inventories: 1% (2017 est. Ecuador is an upper middle-income economy with a GNI per capita of $5,930. Second World Countries 1947-1991. There are several fascinating facts that Ecuador is known for. Primary education is compulsory from age six. Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru, total: 283,561 sq kmland: 276,841 sq kmwater: 6,720 sq kmnote: includes Galapagos Islands, total: 2,237 kmborder countries (2): Colombia 708 km; Peru 1529 km, territorial sea: 12 nmexclusive economic zone: 200 nmcontinental shelf: 200 nmnote: Ecuador has declared its right to extend its continental shelf to 350 nm measured from the baselines of the Galapagos Archipelago, tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands, coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente), highest point: Chimborazo 6,267lowest point: Pacific Ocean 0 mmean elevation: 1,117 mnote: because the earth is not a perfect sphere and has an equatorial bulge, the highest point on the planet farthest from its center is Mount Chimborazo not Mount Everest, which is merely the highest peak above sea level, agricultural land: 29.7% (2018 est. In environmental terms, there are plans to initiate an ecological transition through better natural resources management, taking steps to mitigate and adapt to climate change, and promoting the integrated management of water resources. Currently, it is estimated that at least 93% of Ecuadorians speak Spanish. Finally, Ecuador is also seeking to improve the efficiency of its public policies to protect its most vulnerable population and provide it with access to better opportunities. It was used to describe nations of the world that had no political alignment either with NATO or the Communist Bloc during the cold war. )note: data are in 2017 dollars, 4.24% (2021 est. The markets sell a wide variety of colourful bags, jewellery, ornaments, and table cloths. Even though primary education is free, some children may be unable to access it. Yes, it is. Mexico Among Third World Countries And Developing Nations. Trust funds financed several advisory and technical assistance services in areas such as combating malnutrition, inclusion of disabled persons and improving the efficiency of the social protection system. If you are curious about the classification of Ecuador, then keep reading to learn more. According to Forbes, Ecuador is among the cheapest countries to live in. It is common for environmental rights to be recognized and protected to control pollution and conserve and manage land. )imports of goods and services: -21.3% (2017 est. But that is not all. African Ecuadoreans make up 7% of Ecuadors population. 2018 - Ecuadoreans vote in a referendum to prevent presidents from holding more than two terms in office. Now, thats a huge number.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'aboxofadventure_com-large-mobile-banner-2','ezslot_4',111,'0','0'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-large-mobile-banner-2-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'aboxofadventure_com-large-mobile-banner-2','ezslot_5',111,'0','1'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-large-mobile-banner-2-0_1'); .large-mobile-banner-2-multi-111{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. The crisis widened the macroeconomic imbalances that the country had struggled to overcome since the middle of the last decade. It's World Festival!Let's wonder about China, Ecuador, Malawi, Myanmar & Sri Lanka!What do you want to know about these countries?? )$2.939 billion (31 December 2019 est. The ride is spectacular regardless of when you visit it. (Spanish)The World Factbook, the indispensable source for basic information. Instead of describing countries as Third World, most modern speakers and writers favor more accurate, inoffensive terms such as "developing countries" and "least-developed countries" (calculated by the United Nations Human Development Index) or "low-income countries" (based upon World Bank data). Ecuadors current HDI is 0.759. 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. Ecuador Below are all indicators in our database for which this country has a value. Ecuador exported 360,000 b/d of crude oil in 2020. This is 7.4% higher than that of 2020, which was $5,540 in 2019. Is Laramie City, WY, A Good Place To Live? However, since some non-aligned nations like Switzerland and Austria are developed, the conventional meaning of the term is said to be outdated and demeaning. It has a wide variety of plants and animals. Ecuador, country of northwestern South America. )spirits: 0.61 liters of pure alcohol (2019 est. This is 7.4% higher than that of 2020, which was $5,540 in 2019. )wine: 0.09 liters of pure alcohol (2019 est. Global data and statistics, research and publications, and topics in poverty and development, *Amounts include IBRD and IDA commitments, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), 2019-2023 Country Partnership Framework (CPF) with Ecuador. The Republic of Ecuador is in South America. To this end, the CPF prioritizes three work areas: Each area has results indicators. The countrys public education has been expanded to improve universal literacy. There are approximately 1.5 teachers for about 63 pupils. Is it expensive to live in Ecuador? Nine investment projects comprise the current portfolio, which totals USD 1.628 billion. The Amazon Rainforest in Ecuador is rich in wildlife. In the next year, the office of the Attorney General announced that the investigation would be changed to Overreaching in the execution of an act of service rather than torture. )biomass and waste: 1.5% of total installed capacity (2020 est. This wildlife is conserved in a range of reserves like the Cuyabeno reserve, Glapagos National Park, and Yasuni National Park. Fiscal discipline will therefore play a critical role in preventing the recent oil price increase from generating a new round of procyclical spending growth leading to a drag on spending efficiency, perpetuating macroeconomic imbalances and preventing the creation of fiscal buffers. It is a perfect gem with lots of attractions and wonderful people. Ecuador also needs to promote inclusive growth that can be sustained over the medium to long term. See also: World Population Here are some of them. Here is a list of the indicators. However, its independence is questionable. Ecuador is one of the largest recipients of refugees in Latin America. Hence, the wavering between a linear yes or no answer. The phrase third world was coined on August 14, 1952, by a French anthropologist, Alfred Sauvy. Ecuadors poverty rate in 2017 was 23.20 %. Increased access to better quality services in education and social protection. )the US dollar became Ecuador's currency in 2001, electrification - total population: 97% (2019)electrification - urban areas: 100% (2019)electrification - rural areas: 93% (2019), installed generating capacity: 9.354 million kW (2020 est. )exports: 1.826 billion kWh (2019 est. Secondary education is diverse. When some non-aligned nations came together to form the Non-aligned Movement in 1961, the term was used to describe the member nations of the movement. However, an economic crisis that heightened in 1999 caused Ecuadorians to convert their holdings to the US dollar at an exchange rate of $1 to 25,000 Sucre. At 85.43 percent, this is a considerable proportion of the world's population. In simpler terms, it is the average income earned by citizens of a nation before tax deductions. However, the term was initially used to describe countries that were neutral during the cold war. Some of the officers involved were never implicated. This could be corrupt governance, political upheavals, or bad policies. In 2016, there were leaked video recordings of prison guards assaulting inmates. This site uses cookies to optimize functionality and give you the best possible experience. They may resort to child labour to generate more income. The Top Cocoa Producing Countries In The World. Some of the most amazing things to do include; The Galapagos Islands were discovered in the 16th century. As of January 2021, Ecuador had 8.3 billion barrels of proved crude oil reserves. ), municipal solid waste generated annually: 5,297,211 tons (2015 est. The capital Quito is listed by Unesco as a World Heritage Site, The Galapagos Islands - home to blue-footed boobies and iguana - are an offshore territory of Ecuador. Since most of the non-aligned nations were either poor and developing or developing nations, the phrase became a conventional way to describe such nations after the cold war. )proven reserves: 24 million metric tons (2019 est. Even though there are various cases of insecurity, safety isnt a major issue for most tourists. note: data are in current year dollars$26.12 billion (2019 est.) The judiciary is one of the arms of the government. In 2016, the World Bank published a poverty assessment associated with water and sanitation services. )subscriptions per 100 inhabitants: 13 (2020 est. The term "First World" was first introduced by French demographer Alfred Sauvy in 1952* and used frequently throughout the Cold War.The term was originally used to describe mostly democratic/capitalist countries that were politically aligned with NATO and the United States.By comparison, "Second World" countries referred to mostly communist nations aligned politically with the Soviet Union. )consumption: 26,353,430,000 kWh (2019 est. Dont let the third-world label deter you. The Spanish language was introduced in Ecuador by the Spanish colonists during the 16th century. )tide and wave: 0% of total installed capacity (2020 est. All Rights Reserved, Is Adelaide a Good Place to Live? 3. Spanish (Castilian) 93% (official), Quechua 4.1%, other indigenous 0.7%, foreign 2.2%; note - (Quechua and Shuar are official languages of intercultural relations; other indigenous languages are in official use by indigenous peoples in the areas they inhabit) (2010 est. ), total petroleum production: 478,000 bbl/day (2021 est. Under the new legislation, the Ecuadorean state will own 100% of oil and gas produced. The World Bank Group works in every major area of development. When using taxis for transportation, you are at risk of getting rob. ), $50.667 billion (2019 est. Read Also: Is Mexico a Third World Country? Otavalo Market is a popular attraction for many tourists. Between 2020 and 2021, this banana exporting nation generated the sum of $3,500,321,000 as its net export surplus from bananas. 2023 BBC. )government consumption: 14.4% (2017 est. )-$59.36 million (2019 est. 0-14 years: 25.82% (male 2,226,240/female 2,138,219)15-24 years: 17.8% (male 1,531,545/female 1,478,222)25-54 years: 40.31% (male 3,333,650/female 3,480,262)55-64 years: 7.92% (male 647,718/female 691,759)65 years and over: 8.15% (male 648,761/female 728,491) (2020 est. )0.27% (2019 est.). It was used from 1884 to 1999. )other alcohols: 0.03 liters of pure alcohol (2019 est. Two provinces have the largest number of media outlets: Guayas has 172 media outlets and Pichincha has 130 media outlets. The country is diverse. Station master arrested after dozens killed in Greece train crash, Survivors describe 'nightmarish seconds' as trains crashed, Covid origin likely China lab incident - FBI chief, Blackpink lead top stars back on the road in Asia, 'Wales is in England' gaffe sparks TikToker's trip, Ukraine war casts shadow over India's G20 ambitions, Record numbers of guide dog volunteers after BBC story. Third World Meaning The Third world comprises economically developing or underdeveloped countries. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Ecuador is one of the most environmentally diverse countries in the world, and it has contributed notably to the environmental sciences. Paradise? Roman Catholic 68.8%, Evangelical 15.4%, Adventist 1.2%, Jehovah's Witness 1%, other 1.3%, agnostic or atheist 1.4%, none 10.1%, don't know/no response 1% (2020 est. 2010 - New law further increasing state control over oil industry comes into effect. In this context, the government plan is to create opportunities for the Ecuadorian people by focusing on actions in five key areas: economic, social, comprehensive security, ecological and institutional transition. )proven reserves: 10.902 billion cubic meters (2021 est. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The tourism industry contributes to 4% of the countrys economy. These sites are nominated and designated as heritage sites by the World Heritage Convention which is an organ of UNESCO.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,100],'aboxofadventure_com-leader-3','ezslot_8',113,'0','0'])};__ez_fad_position('div-gpt-ad-aboxofadventure_com-leader-3-0'); In Ecuador, the sites mentioned below are designated as such. Everything from the price of real estate and . However, well list just a few. ), 36.051 million metric tonnes of CO2 (2019 est. total: 11,467,989 (2020 est. 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Three work areas and objectives established in the 16th century traditionally a farming,... Sanitation services age from five Ecuadoran cities has contributed notably to the environmental sciences has! Years of age from five Ecuadoran cities the ride is spectacular regardless of when you visit it,...