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Economy of Czech Republic vs Ecuador compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $125B for Ecuador, ranking 45/197 and 63/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% of GDP), compared to $68.6B (55.1% of GDP) in Ecuador.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Czech Republic
GDP, current $

GDP, constant 2015 $
Ecuador
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Ecuador
Current $ Constant $ Current $ Constant $
1960 - - $2,069,464,937 $10,979,942,382
1961 - - $1,753,850,955 $11,542,600,183
1962 - - $1,518,207,703 $12,110,397,647
1963 - - $1,824,343,871 $12,365,487,218
1964 - - $2,244,146,103 $13,281,429,196
1965 - - $2,387,047,396 $13,716,406,958
1966 - - $2,429,308,639 $13,669,836,240
1967 - - $2,553,595,172 $14,301,529,480
1968 - - $2,582,179,864 $14,574,608,376
1969 - - $3,112,165,727 $15,255,131,526
1970 - - $2,862,503,139 $16,303,453,382
1971 - - $2,754,219,271 $17,329,365,500
1972 - - $3,185,986,087 $18,198,890,798
1973 - - $3,891,754,150 $20,737,760,204
1974 - - $6,599,257,044 $23,062,154,054
1975 - - $7,731,674,472 $25,592,569,113
1976 - - $9,091,921,030 $27,485,699,467
1977 - - $11,026,342,618 $27,926,801,546
1978 - - $11,922,497,876 $29,520,535,223
1979 - - $14,175,160,902 $30,622,846,297
1980 - - $17,881,508,242 $31,758,550,582
1981 - - $21,810,759,354 $33,541,114,872
1982 - - $19,929,846,396 $33,747,340,858
1983 - - $17,152,477,037 $33,633,656,606
1984 - - $16,912,509,092 $34,516,632,002
1985 - - $17,149,088,413 $35,874,861,959
1986 - - $15,314,138,472 $37,117,847,903
1987 - - $13,945,426,859 $37,021,676,039
1988 - - $13,051,881,851 $39,202,425,756
1989 - - $13,890,823,705 $39,596,715,108
1990 $41,016,881,802 $122,972,963,913 $15,239,272,612 $41,053,840,192
1991 $30,071,014,282 $108,689,725,031 $16,988,535,268 $42,815,601,070
1992 $35,051,065,440 $108,139,165,551 $18,094,238,119 $43,720,855,883
1993 $41,155,654,032 $108,206,108,282 $18,938,717,359 $44,583,563,741
1994 $48,188,478,339 $111,354,158,853 $22,708,673,337 $46,482,043,534
1995 $60,572,381,311 $118,281,953,160 $24,432,884,442 $47,529,074,179
1996 $67,804,105,330 $123,212,636,053 $25,226,393,197 $48,352,157,793
1997 $62,539,765,163 $122,478,487,836 $28,162,053,027 $50,444,773,790
1998 $67,187,217,328 $121,996,963,424 $27,981,896,948 $52,092,567,129
1999 $65,586,562,605 $123,678,521,512 $19,645,272,636 $49,623,699,372
2000 $62,175,642,238 $128,638,858,401 $17,539,454,727 $50,165,491,739
2001 $68,135,304,464 $132,391,536,300 $23,127,055,000 $52,275,588,700
2002 $82,607,869,610 $134,395,228,572 $27,054,197,000 $54,851,779,632
2003 $100,435,924,705 $138,831,395,778 $30,965,208,000 $56,433,979,416
2004 $120,147,899,984 $145,406,922,288 $35,194,947,000 $60,289,773,140
2005 $137,264,185,596 $154,676,655,550 $40,278,849,000 $63,544,590,361
2006 $156,236,258,387 $164,921,158,025 $45,690,762,000 $66,303,144,899
2007 $190,040,702,287 $173,973,393,346 $49,848,725,000 $67,564,514,888
2008 $236,506,264,754 $178,518,044,754 $61,139,438,000 $72,000,071,700
2009 $206,971,882,705 $169,952,170,271 $60,094,978,000 $72,785,601,820
2010 $211,168,667,286 $174,565,802,522 $68,151,329,000 $75,718,234,074
2011 $231,429,378,717 $177,659,773,383 $78,986,648,000 $82,140,258,351
2012 $210,363,223,088 $176,290,606,022 $87,735,048,000 $86,890,603,905
2013 $213,024,360,541 $176,216,894,660 $96,570,334,000 $93,156,490,881
2014 $210,911,285,078 $180,173,337,875 $102,717,794,000 $97,093,344,927
2015 $189,107,698,562 $189,107,698,562 $97,209,558,000 $97,209,558,000
2016 $198,160,659,304 $193,988,322,685 $97,671,433,000 $96,540,800,718
2017 $221,563,575,696 $204,024,435,233 $104,467,486,000 $102,304,671,535
2018 $251,992,360,762 $209,798,950,825 $107,478,961,000 $103,373,033,702
2019 $256,794,209,029 $217,279,912,682 $107,595,830,000 $103,544,017,315
2020 $251,109,660,603 $205,753,475,018 $95,865,473,000 $93,971,273,314
2021 $290,972,714,482 $214,043,320,221 $107,179,074,000 $102,825,145,845
2022 $301,831,228,326 $220,137,498,831 $116,133,121,000 $108,859,360,918
2023 $343,206,568,135 $220,015,846,842 $121,147,057,000 $111,023,744,251
2024 $345,036,675,975 $222,480,870,567 $124,676,074,700 $108,801,876,280

Economic indicators

Czech Republic Ecuador
Gross domestic product
$345B
2024
$125B
2024
GDP rank
45/197
2024
63/197
2024
GDP growth
0.53%
2023-2024
2.91%
2023-2024
GDP per capita
$31,707
2024
$6,875
2024
GDP per capita rank
39/197
2024
105/197
2024
GDP per capita, PPP
$56,806
2024
$15,840
2024
Government debt
$148B
2024
$68.6B
2024
Debt-to-GDP ratio
44.2%
2025
55.1%
2025
Government debt per person
$13,630
2024
$3,784
2024
Government debt per person rank
43/185
2024
93/185
2024
Average annual personal income after taxes
$21,451
2025
$6,020
2025
Market capitalization of domestic companies
$34.6B
2024
$747M
2000
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
33.4%
2024
Income share by poorest 10%
3.8%
2023
1.5%
2024
Government expenditure, % of GDP
43.3%
2025
37.8%
2025
Consumer prices inflation
2.44%
2023-2024
1.55%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
3.45%
2024
Population
10753822
18414090

GDP per capita in Czech Republic vs Ecuador

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $6,875 in Ecuador, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Ecuador ranks 111th at $15,840.

Czech Republic
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $451 -
1961 - - $371 -
1962 - - $312 -
1963 - - $365 -
1964 - - $436 -
1965 - - $450 -
1966 - - $445 -
1967 - - $454 -
1968 - - $445 -
1969 - - $521 -
1970 - - $465 -
1971 - - $434 -
1972 - - $488 -
1973 - - $579 -
1974 - - $954 -
1975 - - $1,086 -
1976 - - $1,242 -
1977 - - $1,465 -
1978 - - $1,541 -
1979 - - $1,783 -
1980 - - $2,190 -
1981 - - $2,601 -
1982 - - $2,314 -
1983 - - $1,940 -
1984 - - $1,864 -
1985 - - $1,842 -
1986 - - $1,604 -
1987 - - $1,426 -
1988 - - $1,304 -
1989 - - $1,356 -
1990 $3,969 $12,806 $1,455 $4,632
1991 $2,917 $11,730 $1,587 $4,887
1992 $3,397 $11,924 $1,655 $4,998
1993 $3,984 $12,201 $1,698 $5,112
1994 $4,663 $12,820 $1,997 $5,339
1995 $5,865 $13,948 $2,108 $5,469
1996 $6,573 $14,775 $2,136 $5,560
1997 $6,069 $14,908 $2,341 $5,793
1998 $6,527 $15,063 $2,284 $5,940
1999 $6,378 $15,494 $1,575 $5,638
2000 $6,063 $16,329 $1,382 $5,728
2001 $6,669 $17,711 $1,791 $5,999
2002 $8,101 $18,344 $2,059 $6,282
2003 $9,852 $19,607 $2,316 $6,475
2004 $11,783 $20,991 $2,586 $6,980
2005 $13,442 $22,115 $2,909 $7,457
2006 $15,259 $23,919 $3,244 $7,885
2007 $18,453 $26,269 $3,479 $8,112
2008 $22,775 $27,938 $4,195 $8,663
2009 $19,817 $27,699 $4,053 $8,662
2010 $20,160 $28,157 $4,520 $8,969
2011 $22,049 $29,237 $5,154 $9,769
2012 $20,014 $29,466 $5,634 $10,245
2013 $20,260 $31,013 $6,109 $11,296
2014 $20,038 $32,743 $6,406 $11,836
2015 $17,932 $34,102 $5,976 $10,878
2016 $18,754 $36,445 $5,918 $10,881
2017 $20,913 $39,346 $6,233 $11,793
2018 $23,706 $41,638 $6,304 $12,187
2019 $24,063 $45,614 $6,205 $12,543
2020 $23,473 $44,839 $5,464 $11,527
2021 $27,696 $47,796 $6,061 $13,507
2022 $28,282 $51,710 $6,516 $15,198
2023 $31,591 $53,217 $6,738 $15,919
2024 $31,707 $56,806 $6,875 $15,840

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Ecuador's spent $48.6B, or 37.8% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 55.1% in Ecuador, ranking 119/185 and 96/185, respectively.

Czech Republic
Government spending

Government debt
Ecuador
Government spending

Government debt
Year % of GDP
Czech Republic Ecuador
Government spending Government debt Government spending Government debt
1995 52.8% 13.5% 22% 70.5%
1996 41.4% 11.5% 22.7% 69.3%
1997 41.3% 12.1% 22% 61.5%
1998 41.6% 13.9% 21.5% 70.3%
1999 40.9% 15.1% 24.1% 105.2%
2000 40.6% 16.9% 24.3% 92.2%
2001 43.1% 22.6% 21.4% 63.8%
2002 44.4% 25.7% 22.8% 55%
2003 49% 28.1% 21.3% 47.2%
2004 42.2% 28.3% 21.3% 40.2%
2005 42.3% 27.7% 22% 35.8%
2006 41.5% 27.6% 21.7% 33.1%
2007 40.5% 27.3% 24.7% 29.6%
2008 40.9% 28.2% 35.6% 24.9%
2009 44.5% 33.4% 34.3% 19.7%
2010 43.2% 36.7% 35.4% 18.4%
2011 42.8% 39.4% 39.6% 18.6%
2012 44.4% 43.8% 43.2% 19.3%
2013 42.4% 44.1% 46.7% 23.4%
2014 42.3% 41.5% 45.9% 28.2%
2015 41.7% 39.5% 44.1% 36.4%
2016 39.4% 36.2% 44.1% 46.1%
2017 38.5% 33.8% 40.5% 47.4%
2018 40.1% 31.7% 40.9% 49.5%
2019 40.4% 29.6% 39.8% 52.1%
2020 46.3% 36.9% 40.2% 63.6%
2021 45% 40.7% 37.5% 61.8%
2022 43% 42.5% 38.9% 57.2%
2023 43.9% 42.4% 39.5% 54.3%
2024 43% 43% 38.9% 55%
2025 43.3% 44.2% 37.8% 55.1%

Government deficit by year

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was -$7.63B, equivalent to -2.21% of GDP. This compares to Ecuador's deficit of -$1.66B, or -1.33% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Ecuador ran a deficit in 21 years. On average, the Czech Republic posted an annual deficit equal to -3.17% of GDP, compared to deficit of -2.51% of GDP for Ecuador.

Deficit/surplus
Czech Republic

Ecuador
Year Deficit/surplus, % of GDP
Czech Republic Ecuador
1995 -12.3% -2.02%
1996 -2.98% -3.44%
1997 -3.14% -2.83%
1998 -4.14% -5.1%
1999 -3.08% -4.82%
2000 -3.55% -0.32%
2001 -5.76% 0.03%
2002 -6.34% 0.74%
2003 -6.87% 1.05%
2004 -2.4% 1.94%
2005 -3.06% 0.66%
2006 -2.19% 2.92%
2007 -0.68% 2.66%
2008 -2% 0.57%
2009 -5.46% -3.71%
2010 -4.14% -1.39%
2011 -2.71% -0.13%
2012 -3.92% -2.83%
2013 -1.3% -8.17%
2014 -2.09% -8.11%
2015 -0.67% -6.87%
2016 0.68% -10.3%
2017 1.46% -5.77%
2018 0.88% -2.8%
2019 0.28% -3.47%
2020 -5.65% -7.38%
2021 -4.95% -1.59%
2022 -3.07% 0.04%
2023 -3.78% -3.48%
2024 -2.21% -1.33%
2025 -2.56% -1.95%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 12.2% in Ecuador. In 2024, inflation was 2.44% in the Czech Republic and 1.55% in Ecuador.

Inflation
Czech Republic

Ecuador
Year Inflation
Czech Republic Ecuador Czech Republic Ecuador
1996 8.76% 24.4%
1997 8.6% 30.7%
1998 10.7% 36.1%
1999 2.14% 52.2%
2000 3.78% 96.1%
2001 4.66% 37.7%
2002 1.9% 12.5%
2003 0.12% 7.93%
2004 2.76% 2.74%
2005 1.86% 2.17%
2006 2.53% 3.3%
2007 2.85% 2.28%
2008 6.36% 8.4%
2009 1.02% 5.16%
2010 1.47% 3.55%
2011 1.92% 4.47%
2012 3.29% 5.1%
2013 1.44% 2.72%
2014 0.34% 3.59%
2015 0.31% 3.97%
2016 0.68% 1.73%
2017 2.45% 0.42%
2018 2.15% -0.22%
2019 2.85% 0.27%
2020 3.16% -0.34%
2021 3.84% 0.13%
2022 15.1% 3.47%
2023 10.7% 2.22%
2024 2.44% 1.55%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $23.1M
Chemicals & pharma $2.56M
Textiles & consumer goods $2.25M
Raw materials & minerals $1.74M
Weapons & explosives $1.12M
Metals $578K
Wood & paper products $373K
Processed food, beverages & tobacco $104K
Raw agricultural goods $73K
Animal & marine products $19K
Ecuador
Export category Export value
Raw agricultural goods $10.5M
Processed food, beverages & tobacco $6.37M
Machinery & equipment $329K
Wood & paper products $38K
Textiles & consumer goods $18K
Miscellaneous $3K
Metals $2K
Precious metals & jewellery $2K
Chemicals & pharma $1K

Balance of trade

Czech Republic Ecuador
Current account balance
$6.05B
2024
$7.07B
2024
Current account balance ranking
31/189
2024
26/189
2024
Current account balance, % of GDP
+1.75%
2024
+5.67%
2024
Goods imports
$179B
2024
$27.9B
2024
Goods exports
$197B
2024
$34.7B
2024
Service imports
$38B
2024
$6.18B
2024
Service exports
$42.5B
2024
$3.86B
2024
Imports of goods and services, % of GDP
62.7%
2024
26.9%
2024
Exports of goods and services, % of GDP
69.2%
2024
30.3%
2024

Economic freedom indices

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

Czech Republic Ecuador
Economic freedom 72.9 55.8
Economic freedom ranking 25/197 125/197
Property rights 89.9 30.5
Government integrity 62.8 33.8
Judicial effectiveness 92 48
Tax burden 78.9 76.6
Government spending 42.2 54.9
Fiscal health 71.5 89.3
Business freedom 81.4 66.6
Labor freedom 57.9 57.4
Monetary freedom 68.9 75.3
Trade freedom 79.6 67.2
Investment freedom 70 30
Financial freedom 80 40

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 55.8 for Ecuador, ranking 125/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Ecuador
Year Economic freedom index
Czech Republic Ecuador
1995 67.8 57.7
1996 68.1 60.1
1997 68.8 61
1998 68.4 62.8
1999 69.7 62.9
2000 68.6 59.8
2001 70.2 55.1
2002 66.5 53.1
2003 67.5 54.1
2004 67 54.4
2005 64.6 52.9
2006 66.4 54.6
2007 67.4 55.3
2008 68.1 55.2
2009 69.4 52.5
2010 69.8 49.3
2011 70.4 47.1
2012 69.9 48.3
2013 70.9 46.9
2014 72.2 48
2015 72.5 49.2
2016 73.2 48.6
2017 73.3 49.3
2018 74.2 48.5
2019 73.7 46.9
2020 74.8 51.3
2021 73.8 52.4
2022 74.4 54.3
2023 71.9 55
2024 70.2 55
2025 72.9 55.8

More economic indicators

Czech Republic Ecuador
Services, % of GDP
59.5%
2024
57.2%
2024
Industry, % of GDP
30.2%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
9.48%
2024
GNI, Atlas method
$317B
2024
$117B
2024
GNI per capita, PPP
$54,340
2024
$15,420
2024
Total reserves including gold
$146B
2024
$6.91B
2024
Total reserves ranking
22/177
2024
87/177
2024
Net foreign direct investment
-$1.87B
2024
-$318M
2024
Net inflows of foreign direct investment
$13.1B
2024
$318M
2024
Net outflows of foreign direct investment
$11.2B
2024
$0
1989
Servicing debt to the IMF, % of GNI
n/a
5.62%
2023
Poverty at national poverty lines
10.2%
2021
28%
2024
Gross capital formation, % of GDP
26%
2024
18.5%
2024

GDP per capita map

GDP per capita

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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.