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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 $347B compared to $125B for Ecuador, ranking 44/197 and 62/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Czech Republic vs Ecuador GDP by year

Czech Republic
Ecuador
1x
Year GDP, current $
Czech Republic Ecuador
2024 $347,034,062,928 $124,676,074,700
2023 $345,059,295,660 $121,147,057,000
2022 $301,831,228,326 $116,133,121,000
2021 $290,972,714,482 $107,179,074,000
2020 $251,109,660,603 $95,865,473,000
2019 $256,794,209,029 $107,595,830,000
2018 $251,992,360,762 $107,478,961,000
2017 $221,563,575,696 $104,467,486,000
2016 $198,160,659,304 $97,671,433,000
2015 $189,107,698,562 $97,209,558,000
2014 $210,911,285,078 $102,717,794,000
2013 $213,024,360,541 $96,570,334,000
2012 $210,363,223,088 $87,735,048,000
2011 $231,429,378,717 $78,986,648,000
2010 $211,168,667,286 $68,151,329,000
2009 $206,971,882,705 $60,094,978,000
2008 $236,506,264,754 $61,139,438,000
2007 $190,040,702,287 $49,848,725,000
2006 $156,236,258,387 $45,690,762,000
2005 $137,264,185,596 $40,278,849,000
2004 $120,147,899,984 $35,194,947,000
2003 $100,435,924,705 $30,965,208,000
2002 $82,607,869,610 $27,054,197,000
2001 $68,135,304,464 $23,127,055,000
2000 $62,175,642,238 $17,539,454,727
1999 $65,586,562,605 $19,645,272,636
1998 $67,187,217,328 $27,981,896,948
1997 $62,539,765,163 $28,162,053,027
1996 $67,804,105,330 $25,226,393,197
1995 $60,572,381,311 $24,432,884,442
1994 $48,188,478,339 $22,708,673,337
1993 $41,155,654,032 $18,938,717,359
1992 $35,051,065,440 $18,094,238,119
1991 $30,071,014,282 $16,988,535,268
1990 $41,016,881,802 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/ecuador | CC BY

GDP per capita in Czech Republic vs Ecuador by year

Czech Republic
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $6,875 $15,840
2023 $31,762 $55,761 $6,738 $15,919
2022 $28,282 $52,947 $6,516 $15,198
2021 $27,696 $47,796 $6,061 $13,507
2020 $23,473 $44,839 $5,464 $11,527
2019 $24,063 $45,614 $6,205 $12,543
2018 $23,706 $41,638 $6,304 $12,187
2017 $20,913 $39,346 $6,233 $11,793
2016 $18,754 $36,445 $5,918 $10,881
2015 $17,932 $34,093 $5,976 $10,878
2014 $20,038 $32,743 $6,406 $11,836
2013 $20,260 $31,013 $6,109 $11,296
2012 $20,014 $29,466 $5,634 $10,245
2011 $22,049 $29,237 $5,154 $9,769
2010 $20,160 $28,154 $4,520 $8,969
2009 $19,817 $27,713 $4,053 $8,662
2008 $22,775 $27,938 $4,195 $8,663
2007 $18,453 $26,268 $3,479 $8,112
2006 $15,259 $23,914 $3,244 $7,885
2005 $13,442 $22,115 $2,909 $7,457
2004 $11,783 $20,988 $2,586 $6,980
2003 $9,852 $19,604 $2,316 $6,475
2002 $8,101 $18,344 $2,059 $6,282
2001 $6,669 $17,709 $1,791 $5,999
2000 $6,063 $16,332 $1,382 $5,728
1999 $6,378 $15,494 $1,575 $5,638
1998 $6,527 $15,064 $2,284 $5,940
1997 $6,069 $14,911 $2,341 $5,793
1996 $6,573 $14,781 $2,136 $5,560
1995 $5,865 $13,957 $2,108 $5,469
1994 $4,663 $12,862 $1,997 $5,339
1993 $3,984 $12,242 $1,698 $5,112
1992 $3,397 $11,963 $1,655 $4,998
1991 $2,917 $11,768 $1,587 $4,887
1990 $3,969 $12,848 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/ecuador | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Ecuador ranks 110th at $15,840.

Economic indicators

Czech Republic Ecuador
Gross domestic product
$347B
2024
$125B
2024
GDP rank
44/197
2024
62/197
2024
GDP growth
1.23%
2023-2024
-2%
2023-2024
GDP per capita
$31,823
2024
$6,875
2024
GDP per capita rank
39/197
2024
103/197
2024
GDP per capita, PPP
$57,285
2024
$15,840
2024
GDP per capita PPP rank
35/197
2024
110/197
2024
Government debt
$150B
2024
$67B
2024
Debt-to-GDP ratio
43.3%
2024
53.8%
2024
Government debt per person
$13,792
2024
$3,695
2024
Government debt per person rank
43/185
2024
93/185
2024
Average annual personal income after taxes
$22,139
2026
$5,894
2026
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
42.8%
2024
38.1%
2024
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
3.39%
2024
Population
10649126
18487749

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Czech Republic Ecuador
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 38.1% 53.8%
2023 43.7% 42.2% 39.5% 54.3%
2022 43% 42.5% 38.9% 57.2%
2021 45% 40.7% 37.5% 61.8%
2020 46.3% 36.9% 40.2% 63.6%
2019 40.4% 29.6% 39.8% 52.1%
2018 40.1% 31.7% 40.9% 49.5%
2017 38.5% 33.8% 40.5% 47.4%
2016 39.4% 36.2% 44.1% 46.1%
2015 41.7% 39.5% 44.1% 36.4%
2014 42.3% 41.5% 45.9% 28.2%
2013 42.4% 44.1% 46.7% 23.4%
2012 44.4% 43.8% 43.2% 19.3%
2011 42.8% 39.4% 39.6% 18.6%
2010 43.2% 36.7% 35.4% 18.4%
2009 44.5% 33.4% 34.3% 19.7%
2008 40.9% 28.2% 35.6% 24.9%
2007 40.5% 27.3% 24.7% 29.6%
2006 41.5% 27.6% 21.7% 33.1%
2005 42.3% 27.7% 22% 35.8%
2004 42.2% 28.3% 21.3% 40.2%
2003 49% 28.1% 21.3% 47.2%
2002 44.4% 25.7% 22.8% 55%
2001 43.1% 22.6% 21.4% 63.8%
2000 40.6% 16.9% 24.3% 92.2%
1999 40.9% 15.1% 24.1% 105.2%
1998 41.6% 13.9% 21.5% 70.3%
1997 41.3% 12.1% 22% 61.5%
1996 41.4% 11.5% 22.7% 69.3%
1995 52.8% 13.5% 22% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/ecuador | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 53.8% in Ecuador, ranking 124/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Ecuador
1x
Year Deficit/surplus, % of GDP
Czech Republic Ecuador
2024 -1.99% -1.28%
2023 -3.73% -3.48%
2022 -3.07% 0.04%
2021 -4.95% -1.59%
2020 -5.65% -7.38%
2019 0.28% -3.47%
2018 0.88% -2.8%
2017 1.46% -5.77%
2016 0.68% -10.3%
2015 -0.67% -6.87%
2014 -2.09% -8.11%
2013 -1.3% -8.17%
2012 -3.92% -2.83%
2011 -2.71% -0.13%
2010 -4.14% -1.39%
2009 -5.46% -3.71%
2008 -2% 0.57%
2007 -0.68% 2.66%
2006 -2.19% 2.92%
2005 -3.06% 0.66%
2004 -2.4% 1.94%
2003 -6.87% 1.05%
2002 -6.34% 0.74%
2001 -5.76% 0.03%
2000 -3.55% -0.32%
1999 -3.08% -4.82%
1998 -4.14% -5.1%
1997 -3.14% -2.83%
1996 -2.98% -3.44%
1995 -12.3% -2.02%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/ecuador | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Ecuador's deficit of $1.59B, or 1.28% 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 3.16% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Czech Republic

Ecuador
1x
Year Consumer prices inflation
Czech Republic Ecuador
2024 2.44% 1.55%
2023 10.7% 2.22%
2022 15.1% 3.47%
2021 3.84% 0.13%
2020 3.16% -0.34%
2019 2.85% 0.27%
2018 2.15% -0.22%
2017 2.45% 0.42%
2016 0.68% 1.73%
2015 0.31% 3.97%
2014 0.34% 3.59%
2013 1.44% 2.72%
2012 3.29% 5.1%
2011 1.92% 4.47%
2010 1.47% 3.55%
2009 1.02% 5.16%
2008 6.36% 8.4%
2007 2.85% 2.28%
2006 2.53% 3.3%
2005 1.86% 2.17%
2004 2.76% 2.74%
2003 0.12% 7.93%
2002 1.9% 12.5%
2001 4.66% 37.7%
2000 3.78% 96.1%
1999 2.14% 52.2%
1998 10.7% 36.1%
1997 8.6% 30.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/ecuador | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 11.8% in Ecuador. In 2024, inflation was 2.44% in the Czech Republic and 1.55% in Ecuador.

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
$7.06B
2024
Current account balance ranking
31/190
2024
27/190
2024
Current account balance, % of GDP
+1.74%
2024
+5.66%
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
62.6%
2024
26.9%
2024
Exports of goods and services, % of GDP
68.9%
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 73.2 55.6
Economic freedom ranking 25/197 127/197
Property rights 89.8 33.2
Government integrity 64.7 33
Judicial effectiveness 92.1 48.1
Tax burden 78.8 74.2
Government spending 44.2 54.9
Fiscal health 82.5 90.3
Business freedom 76.8 64.3
Labor freedom 55.1 56.9
Monetary freedom 75 76.3
Trade freedom 79.4 66.4
Investment freedom 70 30
Financial freedom 70 40

Economic freedom comparison by year

Czech Republic
Ecuador
1x
Year Economic freedom index
Czech Republic Ecuador
2026 73.2 55.6
2025 72.9 55.8
2024 70.2 55
2023 71.9 55
2022 74.4 54.3
2021 73.8 52.4
2020 74.8 51.3
2019 73.7 46.9
2018 74.2 48.5
2017 73.3 49.3
2016 73.2 48.6
2015 72.5 49.2
2014 72.2 48
2013 70.9 46.9
2012 69.9 48.3
2011 70.4 47.1
2010 69.8 49.3
2009 69.4 52.5
2008 68.1 55.2
2007 67.4 55.3
2006 66.4 54.6
2005 64.6 52.9
2004 67 54.4
2003 67.5 54.1
2002 66.5 53.1
2001 70.2 55.1
2000 68.6 59.8
1999 69.7 62.9
1998 68.4 62.8
1997 68.8 61
1996 68.1 60.1
1995 67.8 57.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/czech-republic/ecuador | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Ecuador
Services, % of GDP
60.2%
2024
57.2%
2024
Industry, % of GDP
29.2%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
9.48%
2024
GNI, Atlas method
$322B
2024
$117B
2024
GNI per capita, PPP
$54,800
2024
$15,410
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
-$438M
2024
Net inflows of foreign direct investment
$13.1B
2024
$443M
2024
Net outflows of foreign direct investment
$11.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7%
2024
Poverty at national poverty lines
10.2%
2021
28%
2024
Gross capital formation, % of GDP
26.3%
2024
18.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/czech-republic/ecuador | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.