Republic of Ecuador

República de Ecuador

Political Status: Gained independence from Spain (as part of Gran Colombia) in 1822; independent republic established in 1830; present constitution approved by a Constituent Assembly elected on November 30, 1997, with effect from August 10, 1998.

Area: 109,482 sq. mi. (283,561 sq. km.), excluding the region previously in dispute with Peru (see map, p. 338), but including the Galápagos Islands.

Population: 12,922,474 (2001C); 13,365,000 (2004E). Both figures include adjustments for underenumeration.

Major Urban Centers (2001C): QUITO (1,399,378), Guayaquil (1,985,379), Cuenca (277,374), Ambato (154,095).

Official Language: Spanish.

Monetary Unit: United States Dollar. The dollar was phased in from January 2000 to March 2001 to replace the sucre as Ecuador's legal tender.

President: Alfredo PALACIO Gonzales (Independent); inaugurated as Vice President on January 15, 2003; elected President by the ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles