Editing Economy of Ecuador (section)

== Poverty and inequality ==
{{as of|2012}}, an estimated 9 million Ecuadorians have an economic occupation and about 1.01 million inhabitants are in unemployment condition.<ref>[http://www.ecuadorencifras.com/cifras-inec/ecvGeneral.html#tpi=11 Ecuador en Cifras]. Ecuador en Cifras. Retrieved on 2012-07-26.</ref>
In 1998, 10% of the richest population had 42.5% of income, while 10% of the poor had only 0.6% of income.<ref>[http://web.worldbank.org/WBSITE/EXTERNAL/BANCOMUNDIAL/EXTSPPAISES/LACINSPANISHEXT/ECUADORINSPANISHEXT/0,,contentMDK:20830521~menuPK:500565~pagePK:1497618~piPK:217854~theSitePK:500558,00.html Ecuador : Financiamiento por volumen]. Web.worldbank.org. Retrieved on 2012-08-21.</ref> The rates of poverty were higher for populations of indigenous, afro-descendents, and rural sectors.<ref>{{cite web|title=Index of Poverty|url=http://web.worldbank.org/WBSITE/EXTERNAL/BANCOMUNDIAL/EXTSPPAISES/LACINSPANISHEXT/0,,contentMDK:20505827~menuPK:508626~pagePK:146736~piPK:226340~theSitePK:489669,00.html|publisher=Banco Mundial}}</ref> During the same year, 7.6% of health spending went to the 20% of the poor, while 20% of the rich population received 38.1% of this expenditure. The extreme poverty rate has declined significantly between 1999 and 2010.<ref>[http://www.cepr.net/index.php/press-releases/press-releases/new-paper-examines-ecuadors-success-in-emerging-from-economic-recession-reducing-poverty-and-unemployment New Paper Examines Ecuador's Success in Emerging from Economic Recession; Reducing Poverty and Unemployment | Press Releases] {{Webarchive|url=https://web.archive.org/web/20141111195649/http://www.cepr.net/index.php/press-releases/press-releases/new-paper-examines-ecuadors-success-in-emerging-from-economic-recession-reducing-poverty-and-unemployment |date=November 11, 2014 }}. Cepr.net (May 2, 2012). Retrieved on 2012-08-21.</ref> In 2001 it was estimated at 40% of the population, while by 2011 the figure dropped to 17.4% of the total population.<ref>Rebeca, Ray and Sara, Kozameh. (May 2012) P. 15. [https://www.scribd.com/doc/92086279/Ecuador%E2%80%99s-Economy-Since-2007]. cepr.net</ref> This is explained largely by emigration and economic stability achieved after adopting the U.S. dollar as official means of transaction .<ref>[http://web.worldbank.org/WBSITE/EXTERNAL/BANCOMUNDIAL/EXTSPPAISES/LACINSPANISHEXT/ECUADORINSPANISHEXT/0,,contentMDK:20830521~menuPK:500565~pagePK:1497618~piPK:217854~theSitePK:500558,00.html Ecuador]. Web.worldbank.org (May 11, 2012). Retrieved on 2012-07-26.</ref> Poverty rates were higher for indigenous peoples, Afro-descendants and rural areas, reaching 44% of the Native ancestry population.