On January 15, 2007, a new era began in Ecuador. Economist Rafael Correa took office with his sights firmly set on a deep restructuring of the state, proposing an inclusive process under the premise of “socialism of good living.”
On January 15, 2007, a new era began in Ecuador. Economist Rafael Correa took office with his sights firmly set on a deep restructuring of the state, proposing an inclusive process under the premise of “socialism of good living.” These were the central aims of the Citizens’ Revolution led by Correa, which this year will celebrate a decade in power, with important achievements considered examples for the world. In the previous decade, seven presidents were forced out of office due to their profound differences with the people. The case is very different in the Ecuador of today. Consolidating what has been achieved thus far is no simple task, especially at a time when the past, hidden behind the myth of the “end of the progressive cycle,” aims to return to the present. In this context, Ecuador and the Citizens’ Revolution maintain a process of transformation of the social fabric that, a decade later, continues to be strengthened.
36.7% fell to 23.3%
More than one million Ecuadorans overcame poverty. In the case of extreme poverty, this fell by 8% from 2007, to reach 8.5% in 2015.
2. REDUCING INEQUALITY
The ratio of average income of the richest 10% of the population to the average income of the poorest 10% of the population, fell from 42 to 25, closing the gap between rich and poor.
The net enrolment rate in basic education rose from 92 to 96% in eight years.
The total number of students enrolled in the public education system increased from 2,604,000 to 3,479,000.
In Higher Education, more than one billion dollars were destined for new universities: the University of the Arts; of the Amazon Region; of National Education; and the Yachay project, which serves as a campus of knowledge.
13.5 billion dollars invested over the past nine years.
The country has 21 new hospitals.
20,000 new health professionals have joined the public health system.
Ecuador’s Gross Domestic Product grew by 3.9% on average between 2007 and 2015, compared to 2.9% growth across Latin America. The government allocated 9.0% of its GDP to public investment. In 2015 there was annual inflation of 3.67% compared to 2.70% in 2013.
6. UNEMPLOYMENT AND SOCIAL SECURITY
Ecuador has the lowest unemployment rate in South America at 4.3% (2015), below: Peru, Argentina and Chile
The World Health Organization noted a reduction in malnutrition, falling from 1.1% in 2007 to 0.4% in 2014.