Private investment surpasses public investment in Ecuador

The Ecuadoran Central Bank (BCE) reported the US$14.12 billion registered by private investment represented 54 percent of the total investment for 2015. This is the first time since 2012 that private investment surpassed the total amount of public investment. During 2015, public investment fell 18 percent in comparison to 2014. (El Comercio). According to the International Monetary Fund (IMF), by 2017, Ecuador’s public investment will only attribute 5.3 percent of its total GDP, while private investment will attribute 16.9 percent of the total GDP. Until 2006, the private sector was responsible for 72 percent of all resources invested in the economy. This drastically change after President Correa took office in 2007, and the public sector took a much bigger role in the economy (El Comercio).