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Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Ecuador’s annual inflation rate hit a 20-month high in January 2026, driven almost entirely by a 20.79% spike in housing and utility costs after the government ended electricity and diesel subsidies. Food prices are rising too — plantains have roughly doubled, and the basic family basket now costs $822 a month.
The U.S. dollar has lost ground against major currencies, creating a mixed bag for Ecuador's dollarized economy: exports become more competitive and tourism gets a boost, but import costs rise — and you'll feel it at the supermarket.
Airport fees at José Joaquín de Olmedo International Airport increased on February 1 under a 2004 concession contract. International departures now cost $41.14 per passenger. Here's what changed and how Ecuador compares regionally.
Municipal employees across at least 15 cantons in Loja province are owed between two and four months of back pay. The crisis affects services in the Vilcabamba valley, where road maintenance and building permits are delayed.
