Ecuador
13Ecuador (the official name of the country - The Republic of Ecuador, EC) is a state located in the northwestern part of South America. The country has an entry to Pacific Ocean in the west. Ecuador has borders with Colombia and Peru.
Population of the country is about 15,5 million (2014 est.). The official language is Spanish. Beside the official are widespread local languages, such as Kichwa (Quichua) and other. The capital of Ecuador is Quito, the largest city - Guayaquil; other main cities are Cuenca and Santo Domingo. The US Dollar (USD) is the official national currency of the country.
The economy of Ecuador (EC) is uppermost based on product exports of bananas, shrimps, cut flowers and other primary agricultural products. Oil and gold consists also an important part of exports of Ecuador. High revenues come from fishing sector and commercial trade. Main export partners of the country are USA, Chile, Peru, Colombia, Japan and Russia. Deficit of energy is the main problem for proper development of industrial sector.
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