This piece was recently featured on GringosAbroad, click here to read entire post.
Following the collapse of the Sucre in 2000, subsequent dollarization, and the election of current President Rafael Correa in 2007 – Ecuador has experienced nearly 10 years of both monetary and political stability. These factors coupled with large-scale infrastructure improvements and a credit and construction cycle lead to massive economic growth. For a little perspective – in 2000, Ecuador’s GDP was $18.3B, by 2007 it had grown to $51B and $100.9B by 2015.
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