Desarrollo del sistema financiero y su contribución en los niveles de crecimiento económico del Ecuador periodo 2015-2020.

Abstract

The financial system is one of the fundamental pillars for boosting the economy and fostering economic growth. For this reason, the present study aims to analyze the influence of the financial system on the economic growth of Ecuador in the period 2015-2020. Mainly identifying the contribution to total GDP, followed by other economic and financial indicators. For this, a documentary-descriptive methodology is applied that allows obtaining numerical information and qualities related to the research topic. Among the methods applied, the historical-logical and the deductive stand out. The results of the investigation show a decrease in the gross domestic product of -3.4% for the last 5 years, along with an active rate of 8.35% and a passive rate of 5.54%. The credit volume decreased in 2020 by $1,120.02 million USD compared to the previous year. The 3 segments where the system grants credits the most is commercial with 71%, consumption with 19% and microcredits with 7%, all these data valued at the year 2020. With respect to technical equity, an oligopolistic banking system is evident where 4 of the 24 banks have the greatest participation, giving a total value of $3,552,519,434 in US dollars. The contribution of the financial system to total GDP had two negative periods in 2015 and 2020 with a figure of -0.06% and -0.09%.