Costa Rica vs Ecuador: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Costa Rica ranked 77th with $60.1B. By GDP 5-years average growth and GDP per capita, Ecuador and Costa Rica ranked 150th vs 70th and 96th vs 65th, respectively.

Gross Domestic Product & Income

StatCosta RicaEcuador
GDP$60.1B$108.4B
GDP growth, 1 year2.7%1.1%
GDP growth, 5-years average3.5%1.2%
Population4.9M16.6M
GDP per capita$12k$6.3k
GDP per capita growth1.62%-0.4%
Purchasing Power Parity conversion factor392.70.54
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.54
GDP per capita, PPP adjusted$18k$12k
GNI, Atlas method$57.6B$104.4B
GNI per capita$12k$6.1k
GNI, PPP adjusted$83.5B$195.1B
GNI per capita, PPP adjusted$17k$11k

Financial system and Human development

StatCosta RicaEcuador
Income Tax Rate25%35%
Corporate Tax Rate30%25%
Inflation, consumer prices2.3%-0.2%
Inflation, GDP deflator2.4%2.5%
Unemployment8.1%3.9%
Economic Freedom Index65.851.3
Personal Freedom Index8.287.42
Human Freedom Index7.816.7
Property Rights Index66.740.4
Judical Effectiveness Index54.420.7
Business Freedom Index66.553.8
Fiscal Health Index39.762.3
Labor Freedom Index5548
Investment Freedom Index7035
Financial Freedom Index5040
Trade Freedom Index81.466
Monetary Freedom Index81.281
Government Spending Index88.457.9
Tax Burden Index78.977.5
Government Integrity Index57.233.4
Corruption Perceptions Index5634
Life expectancy at birth, years79.976.6
Suicide mortality rate, per 100,000 people7.97.1
Mortality caused by road traffic injury, per 100,000 people16.721.3
Intentional homicides, per 100,000 people12.35.8
International tourism, number of arrivals3M2.5M

Government debt & reserves

StatCosta RicaEcuador
Central government debt, % of GDP53.5%46.1%
External debt stocks, % of GNI49%42.6%
External debt stocks$27.8B$45B
Short-term debt, % of total reserves44.9%34.8%
Total debt service, % of exports and primary income18.3%36.7%
Adjusted net savings including particulate emission damage, % of GNI15.9%11.4%
Gross savings, % of GDP14.7%25.3%
Gross capital formation, % of GDP19%26%
Total reserves including gold$7.5B$2.2B
Foreign direct investment net inflows$2.8B$1.4B

Exports, imports and economic structure

StatCosta RicaEcuador
Exports of goods and services, % of GDP33.7%22.8%
Imports of goods and services, % of GDP33.2%23%
Current account balance (balance of payments)-$1.9B-$1.5B
Revenue excluding grants, % of GDP25.2%N/A
Grants excluding technical cooperation, BoP$26.1M$122.5M
Personal remittances received$533.5M$3B
Industry including construction value added, % of GDP19.5%32.7%
Agriculture, forestry and fishing value added, % of GDP4.6%9.2%
Charges for the use of intellectual property, payments BoP$565.2M$18.9M
Charges for the use of intellectual property, receipts BoP$5.9MN/A
Expense, % of GDP30%N/A
Government Expenditure, % of GDP19.7%37.5%

Compare with countries close by GDP per capita

Costa Rica vs

CountryGDP
per capita
Population
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M

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