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City Review

Quito City Review

May 2017

US$725

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Quito, the capital of Ecuador, is an important centre of economic and social activities. It made a 25% contribution to Ecuador's GDP in 2016, on a par with the nation's port city, Guayaquil. A significant concentration of tertiary industries in Quito translates into a 79% greater labour productivity level than in the rest of Ecuador. The rapid economic development of Quito has been driven by the competition with Guayaquil for the status of the most influential city in Ecuador.

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Overview

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QUITO HIGHLIGHTS

Quito is the leading financial and business centre of Ecuador, with business services contributing 20% of the city's gross value added (GVA), compared to 16% in the rest of the country. The concentration of high-value-added business services boosts labour productivity in Quito to a level that is 79% higher than in the rest of the country and 25% higher than in Guayaquil, in particular.

High labour productivity offset by lower employment rate and average household size

Quito's household disposable income advantage over the rest of the country (35% in 2016) is not as large as its labour productivity premium, being offset by the city's lower employment rate as well as average household size.

Greater consumer expenditure

The income advantage in Quito contributes to consumer spending per household (excluding transport and housing) being 35% higher compared with other parts of the country, as of 2016. In comparison with the rest of Ecuador, the biggest absolute spending differentials in Quito are recorded in education (+62% per household in 2016), recreation and culture (+46%), and hotels and restaurants (+45%).

Higher spending on transport and housing

Per household expenditure on transport and housing is 39% higher in the city than in remaining Ecuador. The number of passenger cars per 1,000 inhabitants in Quito is more than double compared to the rest of Ecuador (120 versus 49 in 2016). Meanwhile, after seven years of boom, the real estate market has endured challenging times since 2014 amid the turn of a business cycle.

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Quito City Review

QUITO REVIEW AT A GLANCE

Understanding Quito Review structure

Chart 1 Overview

Key facts on Quito

Summary 1 Key Facts On Quito 2011, 2016, 2021

QUITO HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Quito Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Quito 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Quito, Ecuador And Other Cities In Latin America, 2011-2021
Summary 2 Labour Market Changes In Quito 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Quito 2011-2016

Household income

Chart 8 Household Distribution By Income In Quito 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Quito And Ecuador, 2016
Summary 3 Quito Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Latin America's Rising Star For Business And Leisure Tourism
Quito's Households Embrace The Information Age

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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New Report Guarantee

Overview

Why buy this report?

QUITO HIGHLIGHTS

High labour productivity offset by lower employment rate and average household size

Greater consumer expenditure

Higher spending on transport and housing

Want to find out more about this report?

Table of Contents

Quito City Review

QUITO REVIEW AT A GLANCE

Understanding Quito Review structure

Key facts on Quito

QUITO HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Recently Viewed

Megatrends

City Review

Quito City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

QUITO HIGHLIGHTS

High labour productivity offset by lower employment rate and average household size

Greater consumer expenditure

Higher spending on transport and housing

Want to find out more about this report?

Table of Contents

Quito City Review

QUITO REVIEW AT A GLANCE

Understanding Quito Review structure

Key facts on Quito

QUITO HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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Complete Catalogue

Cities Reports

Recently Viewed

Complete Catalogue

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