ECUADOR GDP GREW 4.3 PERCENT AVERAGE PER YEAR FROM 2007 TO 2012
Last Updated: 2013-02-14
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QUITO, Feb 14 (NNN-Prensa Latina) - From 2007-2012 Ecuador's GDP grew at an annual average of 4.3 percent, above the average for Latin America and the Caribbean, which is 3.5 percent, said the Central Bank.

Diego Martinez, president of the Board of the Central Bank of Ecuador, added that income poverty fell from 37.6 percent to 27.3 percent during that period, despite the widespread international crisis.

The income gap between the richest 10 percent and poorest 10 percent of the population fell by about a third between 2006 and 2012.

This has been the result of a set of public policies, among which the repatriation of resources held abroad with low profitability are now invested in the country through public banks with higher return rates, Martinez said. -- NNN-Prensa Latina