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Oil Baron

Oil is Ecuador's top export, its revenue makes up 10 percent of the GDP. A member of OPEC (Oil and Petroleum Exporting Countries) since the 1970s, Ecuador exports 60 percent of the oil it produces, most of which originates in the Amazon basin. The chief industrial exports are petroleum and farmed shrimp, but mining of metals is emerging as a lucrative industry. Industry is a volatile component of the economy because Ecuador's industrial sector is oriented toward primary commodities.

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