The Republic of Ecuador (Spanish: República del Ecuador), referred to as Ecuador. A country located in the northwest of South America, bordering Colombia to the north, Peru to the south, and the Pacific Ocean to the west. Like Chile, it is a country in South America that is not adjacent to Brazil. It also governs the Galapagos, 1,000 kilometers away from the mainland of Ecuador. islands. The capital, Quito, is located at the foothills of the Pichincha volcano.

Ecuador’s economy:

A small country with a relatively low international status and a developing country. Economic development is divided into three periods, namely the cocoa period, the banana period and the oil period. Ecuador is world-famous as the "Land of Bananas". In January 2000, Ecuador officially implemented its economic dollarization policy. In 2004, the Ecuadorian government reached a foreign debt restructuring and loan agreement with the International Monetary Fund and other international financial institutions, and the economy maintained a sustained growth momentum.

In 2006, the Palacio government focused on increasing social and productive investment to promote productivity. After President Correa came to power in January 2007, he announced that he would abandon the neoliberal economic model, strengthen the state's control over economic operations, and review investment protection agreements signed with foreign countries.

Emphasizing national interests and sovereignty on resource issues, the "Supplementary Decree on the Amendment to the Petroleum Law No. 42" was promulgated to adjust the excess oil price tax share of oil contracts signed by foreign companies in Ecuador from 50% to 50%. The highest is 99% to 1%. At the same time, oil exports, remittance income, social investment and other means are used to stimulate economic growth.

Since the second half of 2008, the impact of the international financial crisis on Ecuador’s real economy has gradually emerged, and Ecuador’s crude oil exports have declined. To this end, the Ecuadorian government has increased investment in infrastructure construction, boosted investment and employment, and stimulated economic growth. Since 2011, Ecuador's economy has achieved rapid recovery.

Extended information:

Ecuador’s tourism resources:

1. Amazon Forest. Along with the Amazon River, the Amazon forest is also one of the best tourist destinations. The Amazon forest is a tropical rainforest large enough to contain four main areas. In this forest it is possible to visit the tourist attractions of different animal lodges, as well as to visit local animal or wildlife centres.

2. Galapagos Islands. The Galapagos Islands are one of the famous tourist attractions in Ecuador. To reach the islands, first study the navigation book. The archipelago contains a variety of wildlife such as albatrosses, giant tortoises, flightless cormorants, marine iguanas and many other animals. Many tour and cruise operators promote tourist attractions in Ecuador.

3. Cotopaxi Mountain Park. Cotopaxi is expected to be the tallest mountain in the world. Quito is about 90 minutes away from this national park. In this park there are many organized attractions such as certain activities. An example is extreme genius, like the average mind, looking at natural scenery. Others take mountain climbing tours, which usually last two to three days.

4. Quito’s historical department. You must visit Quito's Historic Area if you can see the colonial Ecuadorian way of life. In Quito's historic districts, you can find plazas, palaces, and churches that reflect colonial-era life.

5. Bellavista Cloudfest. For hummingbird lovers, 150 species of hummingbirds can be found at the Bellavista Cloudfest.

6. Otavalo Aboriginal Art Market. This indigenous art market can be reached in 90 minutes from Quito. This place is suitable for those who want to buy souvenirs or souvenirs. This market has been described as a paradise for shopping lovers.

7. Ecuador Food Tour. In addition to the natural and man-made tourist attractions that are Ecuador's tourist destinations, you can also enjoy a variety of typical Ecuadorian cuisine. Ecuadorian cuisine or cuisine is famous for its potato processing, hot and hot flavors and is famous for its pies.

Baidu Encyclopedia-Ecuador