La volatilidad del precio del petróleo y sus efectos en la economía ecuatoriana en el periodo (2012-2022)

Abstract

The oil industry has acquired a fundamental role in the global economy for decades, the country's economy has been harmed by several factors including the oil industry, foreign investment and trade balance, they were harmed by the variation in the value of crude oil to Nacional level. The objective is to evaluate the variability that oil experiences in terms of its value and repercussions on the Ecuadorian economic situation. The methodology used was a mixed approach, using economic indicators of Ecuador based on a bibliographic review and synthetic analysis of scientific articles, academic reports and reports from the Central Bank to understand their impact during the period 2012 – 2022, despite the efforts To maintain economic activity, oil exports experienced significant ups and downs, affecting the country, concluding that the volatility of the oil price has been a determining factor in the Ecuadorian economy.