Daily coverage from across the country, written for the expat community
Results for “economy”Clear
Expreso reports that Ecuador's 2026 curfews have accumulated 30 days of restrictions and affected at least 120,000 businesses. One economist estimated losses between USD 16 million and USD 32 million, with the hardest hit in nightlife, restaurants, logistics and small businesses.
The May 6 placement of $1 billion in bonds drew $7 billion in demand from 200 international investors. Country risk is at its lowest since 2014. Here's what it means for the economy.
Resolution 2582 declares both countries' tariffs incompatible with the Cartagena Agreement. But with rates still at 75%, business leaders on both sides say trade remains frozen.
A survey of 2,570 companies found that nearly half can't fill open positions. The biggest barriers: lack of experience, weak digital skills, and wages that don't compete.
Banco Pichincha went from $42M to $88M in profits. Banco del Pacífico: $46M to $84M. The president posted the numbers on X and questioned who benefits from the crisis narrative.
International investors put up $7 billion in orders for $1 billion in Ecuadorian sovereign bonds. The yield improved, the country risk hit an 11-year low, and the government says it proves confidence is back.
Ecuador is burning through diesel at a 23% faster rate to keep the lights on. Diesel prices jumped from .11 to .45 per gallon. And the government just failed — for the second time — to secure emergency thermal generation contracts.
After months of escalating tariffs, Ecuador will reduce duties on Colombian imports from 100% to 75%. Cosmetics, medicines, plastics, and automotive parts are the primary categories affected.
Average salary expectations have dropped 2.66% this quarter to $818, while the basic food basket costs $829. Here's what the gap means for Ecuador's economy and the expat cost-of-living picture.
SENAE rolled back the duty-free alcohol allowance to three liters per traveler starting May 4. Nearly 700,000 liters entered duty-free in 2024, and the agency says informal commerce was the real beneficiary.
Ecuador's free trade agreement with China turned two on May 1. Imports from China surged 30% to $7.8 billion while exports barely grew. The non-petroleum trade deficit ballooned from $335 million to $1.9 billion. Here's what the numbers actually show.
President Noboa signed Decreto 368 cutting the tourism IVA from 15% to 8% for the May Day long weekend (April 30–May 3). Hotels, restaurants, car rentals, and travel agencies all qualify. Here's how it works.
