Wednesday, December 12, 2007

Ecuadorian balance of trade is positive or negative?

The Pro-Ecuador BLOG has moved. Our news address is www.living-in-ecuador-blog.com

Click here to read this post at the new BLOG.

Pro-Ecuador reader comment:

Jason, here is a good article about inflation is the US. Do you know what the Ecuadorian balance of trade is? It is positive or a deficit? If it is positive, then it will not be hit as hard by inflation as if it is negative. Either way, Ecuadorian property is, as you say, a good hedge against inflation and the declining value of the dollar.

Jason's Reply:

It's positive. According to the Central Bank of Ecuador, the balance of trade for the first half of 2007 is about 6% of GDP. President Rafael Correa's decree forcing oil companies to share a higher percentage of their "windfall" profits with the Ecuadorian government has brought the current account balance back from negative territory.

Click here to read more about the Ecuador economy.

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