In the last five years, Ecuador has become a country of High Human Development

In the image, the Milenio Rodrigo Riofrío School in the city of Guaranda, in the Andean region of the Province of Bolívar. / Photo: Andes

Quito, April 29, Andes – According to the annual report by the United Nations on this index, in five years Ecuador has changed from a country of Medium Human Development to a nation of High Human Development.

Among a total of 186 countries, Ecuador is one of the four that has most improved their standing in the human development index: rising ten places in five years.

Germán Flores, Deputy Minister of Economic and Social Inclusion, put the report’s ranking in perspective. He explained that in order to raise just one point, a great amount of investment and planning in public policy is needed, especially on social issues.

President Rafael Correa said that great achievements are being made, while emphasizing that no one is satisfied and not all of their problems have been resolved.

“It is clear, however, that we are light years away from the country that was destroyed by partitocracy [as governments from the past are referred to], by neoliberalism, by bankers, by the corrupt media coverage in 2007; but it is also clear that we are still have a long ways to become the country we all dream for,” he said during his weekly report.

The Human Development Index measures three basic aspects of a country: life expectancy, education and income levels.

Life expectancy in Ecuador increased from 74.9 years in 2006 to 76 years in 2012.

Improvements are also evident in education. The average number of school years received by individuals 25 years or older went from 7.3 year in 2006 to 8 years in 2012.

Additionally, the expected years of educational instruction received by minors rose from 11.4 to 13.7 years in 2006 and 2012 respectively.

Economically, development has also improved. The annual gross income per capital in Ecuador in dollars, using purchasing power parity rates, went from $6,425 dollars in 2006 to $7,471 dollars in 2012, an increase of 16%.

In addition to the indicators from the UN report are other positive statistics. Ecuador has one of the lowest unemployment rates in Latin America: 4.1%. According to UNECLAC (United Nations Economic Commission for Latin America and the Caribbean), the region’s average is 7.5%.

Ecuador is also the country where inequality has reduced the most. According to the Gini coefficient, inequality fell eight points between 2007 and 2011: .54 to .46.

Ecuador is one of the countries in the region whose poverty rate has fallen the most. Between 2006 and 2012, poverty rates went from 37.6% to 27.3%, which represents 1,050,000 Ecuadorians who have come out of poverty.

Its economy grew 4.3% between 2007 and 2012, while the average in Latin America was 3.5% in the same period.    

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