Cape Verde vs Ecuador: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Ecuador and Cape Verde ranked 150th vs 94th and 96th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeEcuador
GDP$2B$108.4B
GDP growth, 1 year4.7%1.1%
GDP growth, 5-years average3%1.2%
Population546k16.6M
GDP per capita$3.6k$6.3k
GDP per capita growth3.87%-0.4%
Purchasing Power Parity conversion factor45.560.54
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.54
GDP per capita, PPP adjusted$7.3k$12k
GNI, Atlas method$1.9B$104.4B
GNI per capita$3.4k$6.1k
GNI, PPP adjusted$4B$195.1B
GNI per capita, PPP adjusted$7.3k$11k

Financial system and Human development

StatCape VerdeEcuador
Income Tax Rate50%35%
Corporate Tax Rate30%25%
Inflation, consumer prices2.2%-0.2%
Inflation, GDP deflator1.5%2.5%
Unemployment12.3%3.9%
Economic Freedom Index63.651.3
Personal Freedom Index8.337.42
Human Freedom Index7.46.7
Property Rights Index47.540.4
Judical Effectiveness Index4820.7
Business Freedom Index58.553.8
Fiscal Health Index66.262.3
Labor Freedom Index55.648
Investment Freedom Index8035
Financial Freedom Index6040
Trade Freedom Index68.266
Monetary Freedom Index83.181
Government Spending Index71.757.9
Tax Burden Index77.777.5
Government Integrity Index46.133.4
Corruption Perceptions Index5734
Life expectancy at birth, years72.676.6
Suicide mortality rate, per 100,000 people11.37.1
Mortality caused by road traffic injury, per 100,000 people2521.3
Intentional homicides, per 100,000 people11.55.8
International tourism, number of arrivals710k2.5M

Government debt & reserves

StatCape VerdeEcuador
Central government debt, % of GDP127.7%46.1%
External debt stocks, % of GNI89.3%42.6%
External debt stocks$1.7B$45B
Short-term debt, % of total reserves0.2%34.8%
Total debt service, % of exports and primary income5.6%36.7%
Adjusted net savings including particulate emission damage, % of GNI11.7%11.4%
Gross savings, % of GDP34.7%25.3%
Gross capital formation, % of GDP40.4%26%
Total reserves including gold$606.4M$2.2B
Foreign direct investment net inflows$108M$1.4B

Exports, imports and economic structure

StatCape VerdeEcuador
Exports of goods and services, % of GDP48.8%22.8%
Imports of goods and services, % of GDP68.2%23%
Current account balance (balance of payments)-$94.5M-$1.5B
Revenue excluding grants, % of GDP28.8%N/A
Grants excluding technical cooperation, BoP$42.5M$122.5M
Personal remittances received$233.5M$3B
Industry including construction value added, % of GDP19.2%32.7%
Agriculture, forestry and fishing value added, % of GDP5.3%9.2%
Charges for the use of intellectual property, payments BoP$11.3M$18.9M
Charges for the use of intellectual property, receipts BoP$47kN/A
Expense, % of GDP28.4%N/A
Government Expenditure, % of GDP30.7%37.5%

Compare with countries close by GDP per capita

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
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
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M

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
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M