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Economy of Bosnia and Herzegovina vs Ecuador compared: GDP & Debt

Updated on by Georank

Bosnia and Herzegovina has a GDP of $32.6B compared to $130B for Ecuador, ranking 110/197 and 64/197 by economy size, respectively.

Bosnia and Herzegovina has $9.76B in government debt (29.9% of GDP), compared to $70.9B (54.4% of GDP) in Ecuador.

Bosnia and Herzegovina vs Ecuador GDP by year

Bosnia and Herzegovina
Ecuador
1x
Year GDP, current $
Bosnia Ecuador
2025 $32,599,982,936 $130,320,560,400
2024 $29,737,363,103 $123,802,374,000
2023 $27,592,361,498 $120,792,801,000
2022 $24,534,663,636 $116,133,121,000
2021 $23,672,712,121 $107,179,074,000
2020 $20,226,038,370 $95,865,473,000
2019 $20,482,608,984 $107,595,830,000
2018 $20,484,058,033 $107,478,961,000
2017 $18,326,373,136 $104,467,486,000
2016 $17,116,926,554 $97,671,433,000
2015 $16,404,348,361 $97,209,558,000
2014 $18,558,734,107 $102,717,794,000
2013 $18,179,109,209 $96,570,334,000
2012 $17,226,735,996 $87,735,048,000
2011 $18,644,233,537 $78,986,648,000
2010 $17,176,315,804 $68,151,329,000
2009 $17,613,949,091 $60,094,978,000
2008 $19,112,796,623 $61,139,438,000
2007 $15,778,734,264 $49,848,725,000
2006 $12,864,841,906 $45,690,762,000
2005 $11,222,796,337 $40,278,849,000
2004 $10,156,541,221 $35,194,947,000
2003 $8,498,894,359 $30,965,208,000
2002 $6,728,220,983 $27,054,197,000
2001 $5,800,615,375 $23,127,055,000
2000 $5,567,772,769 $17,539,454,727
1999 $4,686,256,363 $19,645,272,636
1998 $4,116,774,301 $27,981,896,948
1997 $3,671,909,673 $28,162,053,027
1996 $2,786,045,322 $25,226,393,197
1995 $1,866,572,954 $24,432,884,442
1994 $1,255,802,469 $22,708,673,337
1993 $3,630,668,950 $18,938,717,359
1992 $4,735,044,707 $18,094,238,119
1991 $6,122,959,184 $16,988,535,268
1990 $7,753,478,261 $15,239,272,612
1989 - $13,890,823,705
1988 - $13,051,881,851
1987 - $13,945,426,859
1986 - $15,314,138,472
1985 - $17,149,088,413
1984 - $16,912,509,092
1983 - $17,152,477,037
1982 - $19,929,846,396
1981 - $21,810,759,354
1980 - $17,881,508,242
1979 - $14,175,160,902
1978 - $11,922,497,876
1977 - $11,026,342,618
1976 - $9,091,921,030
1975 - $7,731,674,472
1974 - $6,599,257,044
1973 - $3,891,754,150
1972 - $3,185,986,087
1971 - $2,754,219,271
1970 - $2,862,503,139
1969 - $3,112,165,727
1968 - $2,582,179,864
1967 - $2,553,595,172
1966 - $2,429,308,639
1965 - $2,387,047,396
1964 - $2,244,146,103
1963 - $1,824,343,871
1962 - $1,518,207,703
1961 - $1,753,850,955
1960 - $2,069,464,937

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

GDP per capita in Bosnia and Herzegovina vs Ecuador by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,382 - $7,125 -
2024 $9,398 $25,043 $6,827 $15,840
2023 $8,663 $23,376 $6,718 $15,919
2022 $7,656 $21,651 $6,516 $15,198
2021 $7,295 $18,287 $6,061 $13,507
2020 $6,130 $16,370 $5,464 $11,527
2019 $6,122 $16,429 $6,205 $12,543
2018 $6,048 $14,859 $6,304 $12,187
2017 $5,345 $13,627 $6,233 $11,793
2016 $4,929 $12,899 $5,918 $10,881
2015 $4,662 $11,845 $5,976 $10,878
2014 $5,206 $11,168 $6,406 $11,836
2013 $5,035 $10,808 $6,109 $11,296
2012 $4,694 $10,121 $5,634 $10,245
2011 $4,983 $9,761 $5,154 $9,769
2010 $4,506 $9,086 $4,520 $8,969
2009 $4,540 $8,698 $4,053 $8,662
2008 $4,842 $8,587 $4,195 $8,663
2007 $3,931 $7,686 $3,479 $8,112
2006 $3,166 $6,869 $3,244 $7,885
2005 $2,740 $5,956 $2,909 $7,457
2004 $2,453 $5,407 $2,586 $6,980
2003 $2,034 $4,917 $2,316 $6,475
2002 $1,607 $4,665 $2,059 $6,282
2001 $1,388 $4,307 $1,791 $5,999
2000 $1,338 $4,148 $1,382 $5,728
1999 $1,135 $3,875 $1,575 $5,638
1998 $1,007 $3,524 $2,284 $5,940
1997 $914 $3,041 $2,341 $5,793
1996 $719 $2,269 $2,136 $5,560
1995 $502 $1,507 $2,108 $5,469
1994 $337 $1,269 $1,997 $5,339
1993 $930 $1,067 $1,698 $5,112
1992 $1,118 $982 $1,655 $4,998
1991 $1,373 $975 $1,587 $4,887
1990 $1,743 $1,043 $1,455 $4,632
1989 - - $1,356 -
1988 - - $1,304 -
1987 - - $1,426 -
1986 - - $1,604 -
1985 - - $1,842 -
1984 - - $1,864 -
1983 - - $1,940 -
1982 - - $2,314 -
1981 - - $2,601 -
1980 - - $2,190 -
1979 - - $1,783 -
1978 - - $1,541 -
1977 - - $1,465 -
1976 - - $1,242 -
1975 - - $1,086 -
1974 - - $954 -
1973 - - $579 -
1972 - - $488 -
1971 - - $434 -
1970 - - $465 -
1969 - - $521 -
1968 - - $445 -
1967 - - $454 -
1966 - - $445 -
1965 - - $450 -
1964 - - $436 -
1963 - - $365 -
1962 - - $312 -
1961 - - $371 -
1960 - - $451 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

Bosnia and Herzegovina's GDP per capita is $10,382, ranking 87/197, compared to $7,125 in Ecuador, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Ecuador ranks 110th at $15,840.

Economic indicators

Bosnia Ecuador
Gross domestic product
$32.6B
2025
$130B
2025
GDP rank
110/197
2025
64/197
2025
GDP growth
2.13%
2024-2025
3.73%
2024-2025
GDP per capita
$10,382
2025
$7,125
2025
GDP per capita rank
87/197
2025
102/197
2025
GDP per capita, PPP
$25,043
2024
$15,840
2024
GDP per capita PPP rank
83/197
2024
110/197
2024
Government debt
$9.76B
2025
$70.9B
2025
Debt-to-GDP ratio
29.9%
2025
54.4%
2025
Government debt per person
$3,108
2025
$3,877
2025
Government debt per person rank
104/185
2025
94/185
2025
Average annual personal income after taxes
$9,479
2026
$6,605
2026
Market capitalization of domestic companies n/a
$747M
2000
Income share by richest 10%
23.6%
2021
35.1%
2025
Income share by poorest 10%
3.3%
2021
1.7%
2025
Government expenditure, % of GDP
44.9%
2025
38.4%
2025
Consumer prices inflation
4%
2024-2025
0.71%
2024-2025
Unemployment rate
10.7%
2024
3.23%
2025
Population
3114736
18524711

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Bosnia Ecuador
Government spending Government debt Government spending Government debt
2025 44.9% 29.9% 38.4% 54.4%
2024 43.3% 29.4% 38.3% 54.1%
2023 41.9% 29% 39.6% 54.5%
2022 39.4% 31.2% 38.9% 57.2%
2021 40.6% 35.8% 37.5% 61.8%
2020 45.4% 37.2% 40.2% 63.6%
2019 39.9% 32.8% 39.8% 52.1%
2018 40.4% 34.5% 40.9% 49.5%
2017 40% 38.6% 40.5% 47.4%
2016 41.5% 44.9% 44.1% 46.1%
2015 42.7% 46.4% 44.1% 36.4%
2014 46.2% 47.1% 45.9% 28.2%
2013 43.8% 43.8% 46.7% 23.4%
2012 47.9% 43.6% 43.2% 19.3%
2011 46.4% 40.9% 39.6% 18.6%
2010 48.7% 42.2% 35.4% 18.4%
2009 49% 36.4% 34.3% 19.7%
2008 48.4% 30.3% 35.6% 24.9%
2007 45.2% 18.2% 24.7% 29.6%
2006 44.2% 20.6% 21.7% 33.1%
2005 44.5% 24.9% 22% 35.8%
2004 45.6% 25.5% 21.3% 40.2%
2003 47.3% 27.6% 21.3% 47.2%
2002 47.4% 31.1% 22.8% 55%
2001 50.2% 35.1% 21.4% 63.8%
2000 56.2% 34.6% 24.3% 92.2%
1999 57.5% 56% 24.1% 105.2%
1998 54.4% 54.4% 21.5% 70.3%
1997 - - 22% 61.5%
1996 - - 22.7% 69.3%
1995 - - 22% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

In 2025, Bosnia and Herzegovina's government spending was $14.6B, accounting for 44.9% of its GDP, while Ecuador spent $50B, or 38.4% of GDP.

Debt-to-GDP ratio is 29.9% in Bosnia and Herzegovina and 54.4% in Ecuador, ranking 156/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Ecuador
1x
Year Deficit/surplus, % of GDP
Bosnia Ecuador
2025 -2.41% -2.88%
2024 -1.96% -1.28%
2023 -1.67% -3.49%
2022 0.15% 0.04%
2021 -0.18% -1.59%
2020 -4.5% -7.38%
2019 1.37% -3.47%
2018 1.63% -2.8%
2017 1.79% -5.77%
2016 0.34% -10.3%
2015 -0.19% -6.87%
2014 -2.87% -8.11%
2013 -2.19% -8.17%
2012 -3.76% -2.83%
2011 -2.73% -0.13%
2010 -4.06% -1.39%
2009 -5.34% -3.71%
2008 -3.82% 0.57%
2007 0.17% 2.66%
2006 2.08% 2.92%
2005 0.74% 0.66%
2004 -0.18% 1.94%
2003 -0.44% 1.05%
2002 -2.99% 0.74%
2001 -3.44% 0.03%
2000 -4.63% -0.32%
1999 -2.78% -4.82%
1998 -0.98% -5.1%
1997 - -2.83%
1996 - -3.44%
1995 - -2.02%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

In 2025, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $784M, equivalent to 2.41% of GDP. This compares to Ecuador's deficit of $3.76B, or 2.88% of GDP.

Over the past 28 years, Bosnia and Herzegovina recorded a fiscal deficit in 20 of those years, while Ecuador ran a deficit in 19 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.53% of GDP, compared to deficit of 2.49% of GDP for Ecuador.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Ecuador
1x
Year Consumer prices inflation
Bosnia Ecuador
2025 4% 0.71%
2024 1.7% 1.55%
2023 6.1% 2.22%
2022 14% 3.47%
2021 2% 0.13%
2020 -1% -0.34%
2019 0.6% 0.27%
2018 1.4% -0.22%
2017 0.8% 0.42%
2016 -1.6% 1.73%
2015 -1% 3.97%
2014 -0.9% 3.59%
2013 -0.1% 2.72%
2012 2.1% 5.1%
2011 4% 4.47%
2010 2.1% 3.55%
2009 -0.4% 5.16%
2008 7.4% 8.4%
2007 1.5% 2.28%
2006 6.1% 3.3%
2005 3.6% 2.17%
2004 0.3% 2.74%
2003 0.5% 7.93%
2002 0.3% 12.5%
2001 3.2% 37.7%
2000 5% 96.1%
1999 2.8% 52.2%
1998 -0.3% 36.1%
1997 5.7% 30.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.41%, compared with 11.4% in Ecuador. In 2025, inflation was 4% in Bosnia and Herzegovina and 0.71% in Ecuador.

Top exports between countries

Bosnia
Export category Export value
Weapons & explosives $416K
Machinery & equipment $79K
Chemicals & pharma $40K
Wood & paper products $7K
Raw materials & minerals $1K
Ecuador
Export category Export value
Raw agricultural goods $211K

Balance of trade

Bosnia Ecuador
Current account balance
-$1.02B
2025
$7.7B
2025
Current account balance ranking
117/190
2025
28/190
2025
Current account balance, % of GDP
-3.14%
2025
+5.91%
2025
Goods imports
$16.3B
2025
$31.1B
2025
Goods exports
$9.5B
2025
$37.4B
2025
Service imports
$1.42B
2025
$6.22B
2025
Service exports
$3.92B
2025
$4.14B
2025
Imports of goods and services, % of GDP
54.1%
2025
27.9%
2025
Exports of goods and services, % of GDP
41%
2025
31.4%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bosnia Ecuador
Economic freedom 63.1 55.6
Economic freedom ranking 83/197 127/197
Property rights 46.9 33.2
Government integrity 36.8 33
Judicial effectiveness 36.1 48.1
Tax burden 93.9 74.2
Government spending 48.4 54.9
Fiscal health 96.2 90.3
Business freedom 65.1 64.3
Labor freedom 62.7 56.9
Monetary freedom 77.5 76.3
Trade freedom 69 66.4
Investment freedom 65 30
Financial freedom 60 40

Economic freedom comparison by year

Bosnia and Herzegovina
Ecuador
1x
Year Economic freedom index
Bosnia Ecuador
2026 63.1 55.6
2025 63.5 55.8
2024 62 55
2023 62.9 55
2022 63.4 54.3
2021 62.9 52.4
2020 62.6 51.3
2019 61.9 46.9
2018 61.4 48.5
2017 60.2 49.3
2016 58.6 48.6
2015 59 49.2
2014 58.4 48
2013 57.3 46.9
2012 57.3 48.3
2011 57.5 47.1
2010 56.2 49.3
2009 53.1 52.5
2008 53.9 55.2
2007 54.4 55.3
2006 55.6 54.6
2005 48.8 52.9
2004 44.7 54.4
2003 40.6 54.1
2002 37.4 53.1
2001 36.6 55.1
2000 45.1 59.8
1999 29.4 62.9
1998 29.4 62.8
1997 - 61
1996 - 60.1
1995 - 57.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Ecuador
Services, % of GDP
57.7%
2025
57%
2025
Industry, % of GDP
21.5%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
4.36%
2025
9.7%
2025
GNI, Atlas method
$31.2B
2025
$126B
2025
GNI per capita, PPP
$25,810
2025
$16,290
2025
Total reserves including gold
$9.42B
2024
$9.8B
2025
Total reserves ranking
83/177
2024
79/177
2025
Net foreign direct investment
-$526M
2025
-$1.3B
2025
Net inflows of foreign direct investment
$1B
2024
$446M
2024
Net outflows of foreign direct investment
$119M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.91%
2024
7.05%
2024
Poverty at national poverty lines
16.9%
2015
21.4%
2025
Gross capital formation, % of GDP
28.7%
2025
20.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/ecuador | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.