Incumbent Rafael Correa romped to victory in Ecuador's presidential election, taking nearly 57 percent of the vote in a field of seven candidates, the CNE electoral council said Monday.

With 69.53 percent of the ballots counted, the left-leaning economist had 3.48 million votes, compared with 1.4 million - 23.22 percent of the total - for his closest challenger, former banker Guillermo Lasso.

A former president, Lucio Gutierrez, finished third with 6.46 percent, followed by attorney Mauricio Rodas, 4.11 percent; banana magnate Alvaro Noboa, 3.63 percent; and former Cabinet minister Alberto Acosta, 3.06 percent.

Norman Wray, an erstwhile city councilman, and evangelical pastor Nelson Zavala each garnered less than 2 percent of the votes, according to the latest figures from the CNE.

Correa, who took office in 2007, appeared before supporters Sunday night to thank Ecuadorians for giving him another term.

"This revolution won't be stopped by anything or anyone," he said from the balcony of Carondelet palace, proclaiming that the goal of his next term will be making "irreversible" the shifting of power from capital to the people.

Correa dedicated the triumph to his ally Hugo Chavez, the cancer-stricken president of Venezuela. EFE