Ecuador’s economy is the 8th largest in Latin America and is dependent on crude petroleum and petroleum-based products. However, agriculture and fishing also provide large percentages of exports, with bananas and crustaceans also important to Ecuadorian industry.
Hiring in Ecuador for foreign organisations is a mixed prospect. On paper, the country is open to foreign investment, but on the ground businesses can expect the same issues that face other developing nations on the continent – bureaucracy, slow turnaround times, and corruption. On the whole, Ecuadorians enjoy established worker’s rights and there are laws to protect employees in terms of contracts and working practices.