Committee on Balance-of-Payments Restrictions - Consultations with Ecuador - Background Document by the Secretariat - Revision
作者:WTO Secretariat
World Trade Organization WT/BOP/S/15/Rev.1 14 April 2009 (09-1764) Committee on Balance-of-Payments Restrictions consultations with ECUADOR Background Document by the Secretariat Revision This document has been prepared in accordance with paragraph 12 of the Understanding on the Balance-of-payments Provisions of the GATT 1994. RECENT macroeconomic and trade developments Recent Economic Performance Ecuador's economic performance has been relatively strong until recently. After a period of slight contraction in late 2006 and early 2007, Ecuadorian economic growth accelerated in late 2007; GDP growth for 2008 has been estimated at 5.3%, compared to 2.5% for 2007. The increase in GDP per capita has also been significant, of some 50% between 2003 and 2007 (Table 1). Exports of goods and services, particularly petroleum exports, have underpinned growth, although private consumption and gross capital formation have also expanded at solid rates. There wa