Data retrieved from the National Institute of Statistics and Census of Ecuador (pdf)
‘Canasta Básica’ is an economic construct used to identify the price for an average family to cover its basic needs. It includes food, clothing, health, and education. It is also used to mark the poverty line: those who cannot afford this basic set of goods are considered to be living in poverty. ‘Canasta de la Pobreza’, as calculated by the Ecuadorian government, is a reduced set of goods with which a family is supposed to be able to survive. It does not include some of the basic needs in the ‘Canasta Básica’ like education or clothing. Read More