At the beginning of the year 2010 the Central Bank of Ecuador estimated that the country would grow 6.8%, but the official GDP (Gross Domestic Product) grew 3.6% according to the chairman of the Central Bank Board, Diego Borja.
However, the final GDP growth will be known in March. For 2011 the gross domestic product is expected to grow about 5.06%.
The Central Bank statistics indicate that importation levels are low compared to exportation. Borja said that the Coordinating Minister of Production is making a plan of import substitution to repair the deficit that is approximately $6.000 million.