ing for nearly half of
Ecuador's total export revenues--and Quito resumed full interest
payments on its official debt, and partial payments on its commercial
debt. The Borja administration has pursued austere economic
policies that have helped reduce inflation and restore international
reserves. Ecuador was granted an IMF standby agreement worth $135
million in 1989, and Quito will seek to reschedule its foreign
commercial debt in 1990.

GDP: $9.8 billion, per capita $935; real growth rate 0.5% (1989)

Inflation rate (consumer prices): 54% (1989)

Unemployment rate: 14.3% (1988)

Budget: revenues $2.2 billion; expenditures $2.7 billion,
including capital expenditures of $601 million (1988 est.)

Exports: $2.2 billion (f.o.b., 1988); commodities--petroleum 47%,
coffee, bananas, cocoa products, shrimp, fish products; partners--US 58%,
Latin America, Caribbean, EC countries

Imports: $1.6 billion (f.o.b., 1988); commodities--transport
equipment, vehicles, machinery, chemical, petroleum; partners--US 28%,
Latin America, Caribbean, EC, Japan

External debt: $10.9 billion (1989)

Industrial production: growth rate 0.7% (1988)

Electricity: 1,953,000 kW capacity; 5,725 million kWh produced,
560 kWh per capita (1989)

Industries: food processing, textiles, chemicals, fishing,
timber, petroleum

Agriculture: accounts for 18% of GDP and 35% of labor force (including
fishing and forestry); leading producer and exporter of bananas and balsawood;
other exports--coffee, cocoa, fish, shrimp; crop production--rice, potatoes,
manioc, plantains, sugarcane; livestock sector--cattle, sheep, hogs, beef,
pork, dairy products; net importer of foodgrain, dairy products, and sugar

Illicit drugs: relatively small producer of coca following the
successful eradication campaign of 1985-87; significant transit country,
however, for derivatives of coca originating in Colombia, Bolivia, and
Peru

Aid: US commitments, including Ex-Im (FY70-88), $457 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970-87), $1.4 billion;
Communist countries (1970-88), $64 million

Currency: sucre (plural--sucres); 1 sucre (S/) = 100 centavos

Exchange rates: sucres (S/) per US$1--526.35 (1989), 301.61 (1988),
170.46 (1987), 122.78 (1986), 69.56 (1985)

Fiscal year: calendar year

- Communications
Railroads: 965 km total; all 1.067-meter-gauge single track

Highways: 28,000 km total; 3,600 km paved, 17,400 km gravel and im