……remittances to Ecuador 2006 to 2008, by quarter.
![](http://2.bp.blogspot.com/_7Se7iswAanA/SXP5JvoOsdI/AAAAAAAAFRQ/GGivGQF-CCI/s400/ecuador_remit_qtr.gif)
Unfortunately we can hardly expect much from the fourth quarter of 2008, all things considered. For example, Spain’s Ministry of Work and Immigration reports that there are 8% fewer Ecuadorians legally residing in Spain since end September 2008. Spain is source to 37% of all remittances to Ecuador (the USA is over 50%, with the rest made up from other countries).
Final thought; in recent times remittances have made up 4% of Ecuador’s GDP. Not good at all.