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Concept
Ecuador
Summary
Ecuador (ˈɛkwədɔːr ; ekwaˈðoɾ; Quechua: Ikwayur; Shuar: Ecuador or Ekuatur), officially the Republic of Ecuador (República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: Ikwayur Ripuwlika; Shuar: Ekuatur Nunka), is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. Ecuador also includes the Galápagos Islands in the Pacific, about west of the mainland. The country's capital and largest city is Quito.
The territories of modern-day Ecuador were once home to a variety of Indigenous groups that were gradually incorporated into the Inca Empire during the 15th century. The territory was colonized by Spain during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it emerged as its own sovereign state in 1830. The legacy of both empires is reflected in Ecuador's ethnically diverse population, with most of its million people being mestizos, followed by large minorities of Europeans, Native American, African, and Asian descendants. Spanish is the official language and is spoken by a majority of the population, though 13 Native languages are also recognized, including Quechua and Shuar.
The sovereign state of Ecuador is a representative democratic republic and a developing country whose economy is highly dependent on exports of commodities, namely petroleum and agricultural products. It is governed as a democratic presidential republic. The country is a founding member of the United Nations, Organization of American States, Mercosur, PROSUR, and the Non-Aligned Movement. According to the Center for Economic and Policy Research, between 2006 and 2016, poverty decreased from 36.7% to 22.5% and annual per capita GDP growth was 1.5 percent (as compared to 0.6 percent over the prior two decades). At the same time, the country's Gini index of economic inequality decreased from 0.55 to 0.47.
One of 17 megadiverse countries in the world, Ecuador hosts many endemic plants and animals, such as those of the Galápagos Islands.
Official source
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