Impact of Covid-19 on sales revenues of private companies in Ecuador
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Abstract
The economic impact of the Covid-19 pandemic on the economy of Ecuador generated a 6% drop in GDP between March and December 2020 according to the Central Bank of Ecuador (BCE, 2020), most companies have been affected by the decrease in supply and demand caused by the closures of the economy to try to stop the advance of Covid-19. In the present work it has been aimed to describe the variation of sales revenue in 2020, the year of the beginning of the pandemic in relation to 2019. The analysis was performed through a quantitative approach, applying the descriptive method with contrast of means based on the data collection of the Superintendence of Companies, where 35,906 companies were analyzed. The results determined a decrease of 11% in sales revenues compared to 2019, with the most affected sectors being tourism, construction and garment manufacturing.
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