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Some 3% of the country's inhabitants are of African descent. Roman-Catholicism is the main religion.
Economic and Political Overview
Discovery of large oil deposits in the Amazon region in the 1970's transformed Ecuador's economy from an agrarian one based on the export of commodities, such as bananas, coffee, cocoa, rice, potatoes, manioc (tapioca), plantains, sugarcane; cattle, sheep, pigs, beef, pork, dairy products; balsa wood; fish, shrimp., to one reliant on
Maldonado 2
petroleum. Ecuador’s major partners: U.S., Peru, Italy, Colombia, Brazil, Chile, Panama (2006).
After a brief period of economic prosperity brought on by its new oil wealth, Ecuador experienced its first post "oil boom" economic slowdown...
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