Ecuador´s miracle

2. 7 years of political
stability
WHY ECUADOR?

3. WHY ECUADOR?
GDP growth rate above the
average of Latin America
and the Caribbean
4.5%

4. WHY ECUADOR?
one of the lowest
unemployment rates
4.8%

5. WHY ECUADOR?
with public investment over
USD 8 billion
85%of highway system has been
renovated and expanded

6. WHY ECUADOR?
renovated and new
airports in the territory21
with public investment over
USD 320 million

7. WHY ECUADOR?
new hydroelectric
plants for 20168
with public-private investment
over USD 4.5 billion

8. multi-purpose projects of irrigation
and flood control
with public investment over
USD 800 million
6
WHY ECUADOR?

9. WHY ECUADOR?
7,000 full-ride scholarships provided
for higher education last year
almost 2% of GDP in higher
education expenditure, the highest
of the region

10. WHY ECUADOR?
8¢per kilowatt
hour
the lowest cost of
energy for businesses in
the region

11. WHY ECUADOR?
29¢ per diesel liter
after Venezuela the
lowest cost of fuel for
the industry

12. WHY ECUADOR?
72¢ per cubic
meter of water
one the lowest costs of
water for businesses in the
region

13. CHANGE IN THE PRODUCTIVE MATRIX
Market diversification
Exports increase
High-quality employment
generation
Increase in productivity
Higher incorporation of
Ecuadorian components
Product diversification
Environmental sustainability
Quality of products
Import substitution
1
2
3
4
5
6
7
8
9

14. CHANGE IN THE PRODUCTIVE MATRIX
1strategic industries
development
Refinery of the Pacific
Petrochemical industry
Steel Industry
Shipyard Industry
Paper pulp Industry
2innovation and
entrepeneurship
Venture Capital
development (seed
capital, early-stage capital)
3
re-industrialization
&
tourism
2014: 13.3%
2036: 25%
tourism
2006: 841.000 tourists
2013: 1.366.000 (62%)
2017: 1.875.000 (123%)

15. CHANGE IN THE PRODUCTIVE MATRIX
2013-2014 Investment Catalogue
for Strategic Sectors
 Basic industries
 Mining projects
 Hydroelectric
 Petroleum fields
 Telecommunications
 Environmental projects

16. CHANGE IN THE PRODUCTIVE MATRIX
Electronic Investment Catalogue
for Touristic Projects
 Cultural heritage houses
 Cruise Train
 Hotel Quito
 Half of the world project
 Private projects

17. CHANGE IN THE PRODUCTIVE MATRIX
Code of Production
 Tax and non-tax incentives
 Investment contracts for 15
years, renewable for 15
more
 Legal stability
 Ease on customs procedures
and payments

18. CHANGE IN THE PRODUCTIVE MATRIX
Economic Development
Special Zones (ZEDE)
City of Knowledge “Yachay” ZEDE
- Logistics, Technology, Industry
Petrochemical ZEDE
- Logistics & Industry
 17% Income Tax for ZEDE
 0% Income Tax for the first 5 years
for prioritized sectors
 Tax-free imports

19. CHANGE IN THE PRODUCTIVE MATRIX
total investment: USD 2.5 billion