Ecuador

Region: LatAm and Caribbean
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

Middle Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 16.7 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 1.1% (2018)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $6,217 (2017)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Ecuador Reports

Name
Report information
pdf
  • Year of publication: 2024
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2024-06-27

  • En Ecuador la TEA es del 32,65%, una de las más altas de América Latina. La mayoría de los emprendedores en etapas tempranas tienen entre 25 y 34 años, lo que indica una tendencia juvenil en las iniciativas emprendedoras. Aproximadamente el 14% de los emprendedores tienen estudios superiores, lo que influye positivamente en su capacidad para innovar y adoptar prácticas sostenibles. La principal motivación es la escasez de empleo (90%). El 67,56% de los empresarios ecuatorianos tiene en cuenta las implicaciones medioambientales en sus decisiones empresariales.
  • URL: https://www.gemconsortium.org/report/51414
GEM Ecuador 2023-2024
Report information
pdf
  • Year of publication: 2020
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2020-08-06

  • In 2019, Ecuador’s TEA rate was 36.2% of the adult population, a significant increase since the last measurement, breaking a four-year downward trend. This change is almost exclusively due to the proportion of nascent entrepreneurs, which has increased by 5.7 percentage points since 2017; the proportion of new entrepreneurs has also increased, but only by 1 point. It is a recurring pattern, many businesses in the gestation and start-up stage and few consolidated. In this report we take a deeper look into these entrepreneurs’ characteristics using data from the Adult Population Survey (APS). This report’s APS presents changes in the methodology that allow for a deeper understanding of entrepreneurial motivations and aspirations. The environmental conditions that favor or hinder entrepreneurship have not substantially changed, moreover, some of the framework conditions for entrepreneurship, measured through the National Expert Survey, NES, have deteriorated. In the recently created NECI, the National Entrepreneurship Context Index, Ecuador is ranked 39th out of 54 countries, showing an unfavorable context for entrepreneurship. During the past year, the reduction in adequate employment, the increase in unemployment and underemployment, justify to some degree the results obtained. As in previous years, this report is based on the data collected in the first half of 2019, meaning that the results describe a reality that no longer exists in 2020, in the midst of a global pandemic. However, we consider that the information of the GEM Ecuador 2019/2020 has not lost its value, it will become the reference level to assess the changes that will arise from the current context. Even understanding this, we wanted to explore the degree of affectation and the nature of the changes; For this purpose, we have turned to various entrepreneurial support organizations in the country, such as AEI, EPICO, BuenTrip Hub, I3Lab, AJE, among others, whom we thank for giving us their vision of the strengths and opportunities in the current environment, as well as the weaknesses and threats faced by entrepreneurs and the local ecosystem. These organizations have also allowed us to access a group of 150 entrepreneurs nationwide and learn about their situation. We include this information in our report as a complement to the information that the GEM updates every year.
  • URL: https://www.gemconsortium.org/report/50508
GEM Ecuador 2019/2020 Report
Report information
pdf
  • Year of publication: 2020
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2020-08-06

  • In 2019, Ecuador’s TEA rate was 36.2% of the adult population, a significant increase since the last measurement, breaking a four-year downward trend. This change is almost exclusively due to the proportion of nascent entrepreneurs, which has increased by 5.7 percentage points since 2017; the proportion of new entrepreneurs has also increased, but only by 1 point. It is a recurring pattern, many businesses in the gestation and start-up stage and few consolidated. The environmental conditions that favor or hinder entrepreneurship have not substantially changed, moreover, some of the framework conditions for entrepreneurship, measured through the National Expert Survey, NES, have deteriorated. In addition to the usual GEM results, the authors also explore the degree of affectation and the nature of the changes caused by the global pandemic, using insights from local entrepreneurial support organizations, as well as interviews to entrepreneurs.
  • URL: https://www.gemconsortium.org/report/50509
GEM Ecuador 2019/2020
Report information
pdf
  • Year of publication: 2019
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2019-11-21

  • Uno de los principales desafíos que enfrenta la mayoría de los países del mundo es el desempleo juvenil. Ecuador no es la excepción: alrededor de 200 mil personas de entre 18 y 34 años estarían desempleadas, con otras 500 mil en el subempleo. El fomento del emprendimiento de jóvenes se considera como una estrategia crítica para poder integrarlos en el mercado laboral, aprovechando al máximo su potencial de contribuir significativamente al desarrollo económico. Según datos del GEM Ecuador 2012-2017 para la población de personas de 18 a 34 años, la tasa de Actividad Emprendedora Temprana (TEA) de los jóvenes muestra una tendencia decreciente, luego de un repunte en 2013. No obstante, estas cifras son las más altas entre los países participantes de América Latina y El Caribe. Cada año, un promedio de 32% de la población de 18 a 34 años estaría involucrada en la puesta en marcha de un negocio, o posee uno que ha estado en funcionamiento por 42 meses o menos. Se observan diferencias significativas entre los grupos de 18 a 24, y 25 a 34 años, siendo este último el que registra la mayor actividad. Dentro del reporte se exploran las características, motivaciones y aspiraciones de estos emprendedores. A pesar de pertenecer al país de mayor TEA en la región, y de estar más familiarizados con las tecnologías de información y comunicación, los jóvenes en Ecuador se relacionan comparativamente menos con otros emprendedores. Esto podría afectar el alcance de sus negocios, tanto potenciales como en funcionamiento. Aquí, hay una oportunidad valiosa para que los agentes públicos, gremios empresariales y otras organizaciones fomenten la construcción y el desarrollo de redes empresariales.
  • URL: https://www.gemconsortium.org/report/50408
Jóvenes emprendedores en Ecuador 2012 - 2017
Report information
pdf
  • Year of publication: 2018
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2018-08-20

  • This report provides a comprehensive and detailed account of entrepreneurship in Ecuador, based on a sample of 2060 adults and 37 national experts. In 2017, around 3 million of Ecuadorians were estimated to be starting or running a new business, based on the Global Entrepreneurship Monitor´s Total Entrepreneurial Activity (TEA) rate of 29.6%, being the highest of Latin America for 6 consecutive years, followed by Peru and Chile; nevertheless, it has gradually decreased since 2013. The difficulties to overcome the threshold of 3 months of operation persist; the main issues are financing and low profitability.
  • URL: https://www.gemconsortium.org/report/50078
GEM Ecuador 2017 Report
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