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A border war with Peru that flared in 1995 was resolved in 1999. Although Ecuador marked 25 years of civilian governance in 2004, the period has been marred by political instability. Protests in Quito have contributed to the mid-term ouster of Ecuador’s last three democratically elected Presidents. In 2007, a Constituent Assembly was elected to draft a new constitution; Ecuador’s twentieth since gaining independence.
15-64 years: 63.5% (male 4,699,548/female 4,831,521)
65 years and over: 6.4% (male 463,481/female 500,982) (2011 est.)
male: 25.4 years
female: 26.6 years (2012 est.)
conventional short form: Ecuador
local long form: Republica del Ecuador
local short form: Ecuador
geographic coordinates: 0 13 S, 78 30 W
time difference: UTC-5 (same time as Washington, DC during Standard Time)
over 3,047 m: 3
2,438 to 3,047 m: 5
1,524 to 2,437 m: 18
914 to 1,523 m: 23
under 914 m: 52 (2012)
females age 16-49: 3,844,918 (2010 est.)
In March 2000, Congress approved a series of structural reforms that also provided for the adoption of the US dollar as legal tender. Dollarization stabilized the economy, and positive growth returned in the years that followed, helped by high oil prices, remittances, and increased non-traditional exports. From 2002-06 the economy grew 5.5%, the highest five-year average in 25 years. The poverty rate declined but remained high at 38% in 2006.
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