Ecuador remains a market with significant potential for U.S. firms. Following Ecuador’s economic crisis in the late 1990′s, it adopted the U.S. dollar as legal tender in 2000. Ecuadorian consumers are favorably disposed to the quality of U.S. products, with nearly a quarter of imports deriving from the U.S., Ecuador’s largest trade partner. The use of franchising has increased in Ecuador over the past decade.
|Total Population||15.49 Million|
|GDP per Capita||$5,424 USD|
|% GDP on Healthcare||7.26 (Including LTC)|
65+ Population by Year
7% of Population
9% of Population
17% of Population