In the last issue of the Vistazo magazine tabout the 500 major companies in Ecuador figures show that the behavior of businesses during 2015, caused a major slowdown of over 10% in revenues.
A simple example helps to understand the impact: in 2014 the 500 largest companies reported revenues of over 82 billion dollars; in contrast, in 2015 revenues barely exceeded 71 billion dollars. In other words: 10 billion dollars less were sold in 2015 if compared to 2014.
If the movement of the 10 largest companies is revised by sector, the picture is similar: the most affected is the oil sector. Despite remaining on top, it had revenues of just over USD 12,700 million; ie 34% less than in 2014.