Economic impact of banana production in Ecuador in the period 2008- 2016

Abstract

The production of the agricultural sector in Ecuador has increased considerably in recent years, in this work we will learn about how the banana sector in Ecuador has directly and indirectly impacted the economy of the country in the period 2008 - 2016. This research work is carried out in order to know how important banana production is for the country and how it favored or affected the Ecuadorian Gross Domestic Product (GDP). For this, the investigation will be carried out based on economic figures based on official sites that contribute to the investigative topic on the banana production carried out in Ecuador. In this case, it will be observed how banana production influenced Ecuador and how it showed that this was positive for the country, since through new agricultural practices on this type of production they improved economic stability and increased their way of producing and marketing this product. The new agricultural practices directly benefited the country's GDP, which strengthened the types of commercialization that the market demands today for this type of product, generating better trade opportunities for the country to generate a better economic entry.