Until the 1970s, the basis of the economy of Ecuador was agricultural production. A new stage began with the discovery of a large oil field in the east (export since 1972). According to businesscarriers, GDP growth in the 1970s exceeded 10% per year, but the period of prosperity was relatively short. The economy turned out […]
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Ecuador Religion
As early as 1904, the Catholic Church was separated from the state of Ecuador, but the church still has influence in society and religion is of great importance to most Ecuadorians. The Spanish brought with them the Catholic faith and today more than 90 percent of the population profess to do so. The original religions […]