Azerbaijan vs Ecuador: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Ecuador and Azerbaijan ranked 150th vs 164th and 96th vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanEcuador
GDP$46.9B$108.4B
GDP growth, 1 year1.4%1.1%
GDP growth, 5-years average0.4%1.2%
Population10M16.6M
GDP per capita$4.7k$6.3k
GDP per capita growth0.51%-0.4%
Purchasing Power Parity conversion factor0.440.54
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.54
GDP per capita, PPP adjusted$18k$12k
GNI, Atlas method$40.3B$104.4B
GNI per capita$4.1k$6.1k
GNI, PPP adjusted$170B$195.1B
GNI per capita, PPP adjusted$17k$11k

Financial system and Human development

StatAzerbaijanEcuador
Income Tax Rate25%35%
Corporate Tax Rate20%25%
Inflation, consumer prices2.3%-0.2%
Inflation, GDP deflator11.9%2.5%
Unemployment5.2%3.9%
Economic Freedom Index69.351.3
Personal Freedom Index6.737.42
Human Freedom Index6.446.7
Property Rights Index67.140.4
Judical Effectiveness Index53.920.7
Business Freedom Index80.853.8
Fiscal Health Index99.262.3
Labor Freedom Index66.248
Investment Freedom Index7035
Financial Freedom Index6040
Trade Freedom Index74.666
Monetary Freedom Index69.881
Government Spending Index6357.9
Tax Burden Index8877.5
Government Integrity Index38.733.4
Corruption Perceptions Index2534
Life expectancy at birth, years72.776.6
Suicide mortality rate, per 100,000 people2.67.1
Mortality caused by road traffic injury, per 100,000 people8.721.3
Intentional homicides, per 100,000 people25.8
International tourism, number of arrivals2.6M2.5M

Government debt & reserves

StatAzerbaijanEcuador
Central government debt, % of GDP19.4%46.1%
External debt stocks, % of GNI36.4%42.6%
External debt stocks$16.2B$45B
Short-term debt, % of total reserves8.5%34.8%
Total debt service, % of exports and primary income10.5%36.7%
Adjusted net savings including particulate emission damage, % of GNI9.5%11.4%
Gross savings, % of GDP33%25.3%
Gross capital formation, % of GDP20.1%26%
Total reserves including gold$6.7B$2.2B
Foreign direct investment net inflows$1.4B$1.4B

Exports, imports and economic structure

StatAzerbaijanEcuador
Exports of goods and services, % of GDP54.3%22.8%
Imports of goods and services, % of GDP37.7%23%
Current account balance (balance of payments)$6.1B-$1.5B
Revenue excluding grants, % of GDP35.1%N/A
Grants excluding technical cooperation, BoP$45.7M$122.5M
Personal remittances received$1.2B$3B
Industry including construction value added, % of GDP52.2%32.7%
Agriculture, forestry and fishing value added, % of GDP5.3%9.2%
Charges for the use of intellectual property, payments BoP$28.2M$18.9M
Charges for the use of intellectual property, receipts BoP$28kN/A
Expense, % of GDP28%N/A
Government Expenditure, % of GDP35.1%37.5%

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

Ecuador vs

CountryGDP
per capita
Population
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M