Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Total population15.74 million15.49 million15.25 million
WDI
A.1.1
Urban population (% of total)68.54% of total67.98% of total67.42% of total
WDI
A.1.4
Urban population growth (annual %)2.39%2.43%2.46%
WDI
A.1.5
A.2 Economy
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
GDP, current prices (U.S. dollars)91,412 USD (millions)84,040 USD (millions)76,770 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)157,595 USD (millions)149,484 USD (millions)139,757 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)6,154.06 USD 5,742.65 USD 5,324.55 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)10,609.72 USD 10,214.62 USD 9,693.15 USD
WEO
A.2.4
GDP, constant prices (Percent change)4%5.12%7.84%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)2.35%4.16%5.41%
WEO
A.2.6
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Central bank lending/discount rate8.17%8.17%8.17%
IFS
A.2.15.1
Average bank deposit rate3.89%3.89%3.84%
IFS
A.2.15.4
Lending rate  14.93%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Number of dwelling units:B.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: Two credit bureaus Transunion and Equifax operate in Ecuador.
Notes: Two credit bureaus Transunion and Equifax operate in Ecuador.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The sum of the public (from BIESS) and private (BCE) sectors, $766,414,000 and $656,900,000 respectively
Notes: While BIESS offers 100% loans, other commercial banks offer up to 70% financing.
Notes: While BIESS offers 100% loans, other commercial banks offer up to 70% financing.
Notes: While BIESS offers loans for 25 years, private banks offers loans for 20 years
Notes: While BIESS offers loans for 25 years, private banks offers loans for 20 years