Cuba vs Ecuador: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, Ecuador and Cuba ranked 150th vs 130th and 96th vs 82nd, respectively.

Gross Domestic Product & Income

StatCubaEcuador
GDP$100B$108.4B
GDP growth, 1 year2.3%1.1%
GDP growth, 5-years average2%1.2%
Population11.5M16.6M
GDP per capita$8.8k$6.3k
GDP per capita growth2.26%-0.4%
Purchasing Power Parity conversion factor0.320.54
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.54
GDP per capita, PPP adjusted$14k$12k
GNI, Atlas method$84.8B$104.4B
GNI per capita$7.5k$6.1k
GNI, PPP adjustedN/A$195.1B
GNI per capita, PPP adjustedN/A$11k

Financial system and Human development

StatCubaEcuador
Income Tax Rate50%35%
Corporate Tax Rate30%25%
Inflation, consumer prices6.9%-0.2%
Inflation, GDP deflator1%2.5%
Unemployment2.3%3.9%
Economic Freedom Index26.951.3
Personal Freedom Index5.47.42
Human Freedom Index5.26.7
Property Rights Index20.140.4
Judical Effectiveness Index1020.7
Business Freedom Index2053.8
Fiscal Health Index14.862.3
Labor Freedom Index2048
Investment Freedom Index1035
Financial Freedom Index1040
Trade Freedom Index65.666
Monetary Freedom Index64.181
Government Spending Index057.9
Tax Burden Index49.577.5
Government Integrity Index38.733.4
Corruption Perceptions Index4734
Life expectancy at birth, years78.776.6
Suicide mortality rate, per 100,000 people13.97.1
Mortality caused by road traffic injury, per 100,000 people8.521.3
Intentional homicides, per 100,000 people55.8
International tourism, number of arrivals4.7M2.5M

Government debt & reserves

StatCubaEcuador
Central government debt, % of GDP51%46.1%
External debt stocks, % of GNIN/A42.6%
External debt stocksN/A$45B
Short-term debt, % of total reservesN/A34.8%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNIN/A11.4%
Gross savings, % of GDPN/A25.3%
Gross capital formation, % of GDP12%26%
Total reserves including gold$144M$2.2B
Foreign direct investment net inflowsN/A$1.4B

Exports, imports and economic structure

StatCubaEcuador
Exports of goods and services, % of GDP14.5%22.8%
Imports of goods and services, % of GDP12.6%23%
Current account balance (balance of payments)N/A-$1.5B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$510.6M$122.5M
Personal remittances receivedN/A$3B
Industry including construction value added, % of GDP25.1%32.7%
Agriculture, forestry and fishing value added, % of GDP3.8%9.2%
Charges for the use of intellectual property, payments BoPN/A$18.9M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP64.8%37.5%

Compare with countries close by GDP per capita

Cuba vs

CountryGDP
per capita
Population
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
Montenegro
$8.8k
622k
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

Ecuador vs

CountryGDP
per capita
Population
Montenegro
$8.8k
622k
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
Guatemala
$4.5k
17.3M