Economy of Ecuador

People of Ecuador

Ecuador has a diverse population composed of people of European, Native American, and African descent. The majority are mestizos, individuals of mixed European and Native American ancestry. Most of the Native Americans live in poverty in the highlands region, where a small elite of European descent controls most of the land and wealth.

Flag of Ecuador

The flag of Ecuador has three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; similar to the flag of Colombia, which is shorter and does not bear a coat of arms.
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Economy of Ecuador

Ecuador has substantial oil resources and rich agricultural areas. Because the country exports primary products such as oil, bananas, and shrimp, fluctuations in world market prices can have a substantial domestic impact. Ecuador joined the World Trade Organization in 1996. The Ecuador Government is presently working on strategies to increase productivity in the oil, communication and electric sectors.

Arts, Culture and Music of Ecuador

Ecuador is a multiethnic and multicultural nation. Several different indigenous nationalities continue to live their traditional lifestyles in rural villages and towns throughout the nation. In the cities, you find mainly mestizos, African Ecuadorians, and whites.

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Economy of Ecuador