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Economy of Ecuador vs Gambia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $2.59B for the Gambia, ranking 64/197 and 174/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $1.92B (73.9% of GDP) in the Gambia.

Ecuador vs Gambia GDP by year

Ecuador
Gambia
1x
Year GDP, current $
Ecuador Gambia
2025 $130,320,560,400 $2,593,673,988
2024 $123,802,374,000 $2,404,888,738
2023 $120,792,801,000 $2,382,262,185
2022 $116,133,121,000 $2,204,734,528
2021 $107,179,074,000 $2,014,158,842
2020 $95,865,473,000 $1,812,170,891
2019 $107,595,830,000 $1,813,609,692
2018 $107,478,961,000 $1,670,671,328
2017 $104,467,486,000 $1,504,909,463
2016 $97,671,433,000 $1,484,578,886
2015 $97,209,558,000 $1,378,176,609
2014 $102,717,794,000 $1,229,461,721
2013 $96,570,334,000 $1,375,609,453
2012 $87,735,048,000 $1,415,004,738
2011 $78,986,648,000 $1,409,693,597
2010 $68,151,329,000 $1,543,294,927
2009 $60,094,978,000 $1,450,142,509
2008 $61,139,438,000 $1,561,766,956
2007 $49,848,725,000 $1,279,703,047
2006 $45,690,762,000 $1,054,112,488
2005 $40,278,849,000 $1,027,701,068
2004 $35,194,947,000 $961,900,651
2003 $30,965,208,000 $487,038,685
2002 $27,054,197,000 $578,235,309
2001 $23,127,055,000 $687,410,645
2000 $17,539,454,727 $782,913,872
1999 $19,645,272,636 $814,724,032
1998 $27,981,896,948 $840,285,265
1997 $28,162,053,027 $803,633,342
1996 $25,226,393,197 $848,239,446
1995 $24,432,884,442 $785,999,865
1994 $22,708,673,337 $746,493,952
1993 $18,938,717,359 $755,040,974
1992 $18,094,238,119 $714,254,256
1991 $16,988,535,268 $690,311,081
1990 $15,239,272,612 $317,083,695
1989 $13,890,823,705 $284,120,329
1988 $13,051,881,851 $266,672,212
1987 $13,945,426,859 $220,626,484
1986 $15,314,138,472 $185,646,987
1985 $17,149,088,413 $225,726,359
1984 $16,912,509,092 $177,340,880
1983 $17,152,477,037 $213,448,585
1982 $19,929,846,396 $216,050,552
1981 $21,810,759,354 $218,767,743
1980 $17,881,508,242 $241,083,090
1979 $14,175,160,902 $207,112,628
1978 $11,922,497,876 $171,833,086
1977 $11,026,342,618 $138,093,099
1976 $9,091,921,030 $112,190,829
1975 $7,731,674,472 $115,179,719
1974 $6,599,257,044 $95,796,022
1973 $3,891,754,150 $75,187,749
1972 $3,185,986,087 $59,160,569
1971 $2,754,219,271 $55,728,663
1970 $2,862,503,139 $52,296,084
1969 $3,112,165,727 $45,168,072
1968 $2,582,179,864 $41,160,066
1967 $2,553,595,172 $46,695,007
1966 $2,429,308,639 $44,212,081
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

GDP per capita in Ecuador vs Gambia by year

Ecuador
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $919 -
2024 $6,827 $15,840 $871 $3,476
2023 $6,718 $15,919 $883 $3,289
2022 $6,516 $15,198 $836 $3,067
2021 $6,061 $13,507 $782 $2,778
2020 $5,464 $11,527 $720 $2,531
2019 $6,205 $12,543 $738 $2,422
2018 $6,304 $12,187 $696 $2,277
2017 $6,233 $11,793 $643 $2,039
2016 $5,918 $10,881 $650 $2,013
2015 $5,976 $10,878 $620 $1,990
2014 $6,406 $11,836 $568 $1,934
2013 $6,109 $11,296 $654 $2,007
2012 $5,634 $10,245 $693 $2,065
2011 $5,154 $9,769 $711 $2,064
2010 $4,520 $8,969 $801 $2,267
2009 $4,053 $8,662 $775 $2,177
2008 $4,195 $8,663 $859 $2,088
2007 $3,479 $8,112 $725 $1,985
2006 $3,244 $7,885 $615 $1,931
2005 $2,909 $7,457 $616 $1,938
2004 $2,586 $6,980 $593 $1,979
2003 $2,316 $6,475 $309 $1,850
2002 $2,059 $6,282 $377 $1,744
2001 $1,791 $5,999 $460 $1,823
2000 $1,382 $5,728 $538 $1,731
1999 $1,575 $5,638 $575 $1,649
1998 $2,284 $5,940 $610 $1,572
1997 $2,341 $5,793 $600 $1,544
1996 $2,136 $5,560 $652 $1,489
1995 $2,108 $5,469 $622 $1,472
1994 $1,997 $5,339 $608 $1,473
1993 $1,698 $5,112 $635 $1,487
1992 $1,655 $4,998 $623 $1,462
1991 $1,587 $4,887 $628 $1,440
1990 $1,455 $4,632 $301 $1,409
1989 $1,356 - $280.9 -
1988 $1,304 - $274.9 -
1987 $1,426 - $237 -
1986 $1,604 - $207.7 -
1985 $1,842 - $262.8 -
1984 $1,864 - $214.8 -
1983 $1,940 - $268.6 -
1982 $2,314 - $282.1 -
1981 $2,601 - $296 -
1980 $2,190 - $338 -
1979 $1,783 - $300 -
1978 $1,541 - $257.6 -
1977 $1,465 - $213.8 -
1976 $1,242 - $179.3 -
1975 $1,086 - $189.8 -
1974 $954 - $162.6 -
1973 $579 - $131.4 -
1972 $488 - $106.5 -
1971 $434 - $103.3 -
1970 $465 - $99.8 -
1969 $521 - $88.7 -
1968 $445 - $83.1 -
1967 $454 - $97 -
1966 $445 - $94.4 -
1965 $450 - - -
1964 $436 - - -
1963 $365 - - -
1962 $312 - - -
1961 $371 - - -
1960 $451 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $919 in the Gambia, ranking 183/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while the Gambia ranks 172nd at $3,476.

Economic indicators

Ecuador Gambia
Gross domestic product
$130B
2025
$2.59B
2025
GDP rank
64/197
2025
174/197
2025
GDP growth
3.73%
2024-2025
5.89%
2024-2025
GDP per capita
$7,125
2025
$919
2025
GDP per capita rank
102/197
2025
183/197
2025
GDP per capita, PPP
$15,840
2024
$3,476
2024
GDP per capita PPP rank
110/197
2024
172/197
2024
Government debt
$70.9B
2025
$1.92B
2025
Debt-to-GDP ratio
54.4%
2025
73.9%
2025
Government debt per person
$3,877
2025
$679
2025
Government debt per person rank
94/185
2025
156/185
2025
Average annual personal income after taxes
$6,605
2026
$710
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
30.5%
2020
Income share by poorest 10%
1.7%
2025
2.6%
2020
Government expenditure, % of GDP
38.4%
2025
27.1%
2025
Consumer prices inflation
0.71%
2024-2025
11.6%
2023-2024
Central bank interest rate n/a
14%
2026
Unemployment rate
3.23%
2025
7.05%
2025
Population
18524711
2916990

Spending and national debt comparison by year

Ecuador
Spending

Debt
Gambia
Spending

Debt
1x
Year % of GDP
Ecuador Gambia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 27.1% 73.9%
2024 38.3% 54.1% 25.3% 78.5%
2023 39.6% 54.5% 23.9% 77.4%
2022 38.9% 57.2% 24.6% 83.9%
2021 37.5% 61.8% 21.5% 83.1%
2020 40.2% 63.6% 25.3% 85.9%
2019 39.8% 52.1% 23.9% 83%
2018 40.9% 49.5% 19% 83.6%
2017 40.5% 47.4% 23.6% 87%
2016 44.1% 46.1% 19.4% 79.5%
2015 44.1% 36.4% 19.6% 69.4%
2014 45.9% 28.2% 19% 71.1%
2013 46.7% 23.4% 17.2% 58.2%
2012 43.2% 19.3% 19.1% 49.5%
2011 39.6% 18.6% 16.5% 49.2%
2010 35.4% 18.4% 14.6% 42.9%
2009 34.3% 19.7% 14.4% 38.9%
2008 35.6% 24.9% 11.6% 39.5%
2007 24.7% 29.6% 11.2% 38%
2006 21.7% 33.1% 14% 87.3%
2005 22% 35.8% 12.9% 82.6%
2004 21.3% 40.2% 12.4% 81.3%
2003 21.3% 47.2% 9.3% 91.7%
2002 22.8% 55% 8.59% 93.9%
2001 21.4% 63.8% 9.68% 75.2%
2000 24.3% 92.2% 9.54% 73.3%
1999 24.1% 105.2% - -
1998 21.5% 70.3% - -
1997 22% 61.5% - -
1996 22.7% 69.3% - -
1995 22% 70.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while the Gambia spent $704M, or 27.1% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 73.9% in the Gambia, ranking 92/185 and 51/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Gambia
1x
Year Deficit/surplus, % of GDP
Ecuador Gambia
2025 -2.88% -2.95%
2024 -1.28% -4%
2023 -3.49% -3.56%
2022 0.04% -5.72%
2021 -1.59% -4.77%
2020 -7.38% -2.37%
2019 -3.47% -2.75%
2018 -2.8% -3.92%
2017 -5.77% -4.35%
2016 -10.3% -6.22%
2015 -6.87% -5.38%
2014 -8.11% -3.94%
2013 -8.17% -5.11%
2012 -2.83% -2.85%
2011 -0.13% -3.03%
2010 -1.39% -2.93%
2009 -3.71% -1.65%
2008 0.57% -0.45%
2007 2.66% 0.27%
2006 2.92% -3.19%
2005 0.66% -3.33%
2004 1.94% -1.77%
2003 1.05% -1.73%
2002 0.74% 0.06%
2001 0.03% -2.52%
2000 -0.32% -0.09%
1999 -4.82% -
1998 -5.1% -
1997 -2.83% -
1996 -3.44% -
1995 -2.02% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

In 2025, Ecuador's government deficit, the difference between spending and revenue, was $3.76B, equivalent to 2.88% of GDP. This compares to the Gambia's deficit of $76.5M, or 2.95% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while the Gambia ran a deficit in 24 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to deficit of 3.01% of GDP for the Gambia.

Inflation comparison by year

Inflation
Ecuador

Gambia
1x
Year Consumer prices inflation
Ecuador Gambia
2025 0.71% -
2024 1.55% 11.6%
2023 2.22% 17%
2022 3.47% 11.5%
2021 0.13% 7.37%
2020 -0.34% 5.93%
2019 0.27% 7.12%
2018 -0.22% 6.52%
2017 0.42% 8.03%
2016 1.73% 7.23%
2015 3.97% 6.81%
2014 3.59% 5.95%
2013 2.72% 5.7%
2012 5.1% 4.25%
2011 4.47% 4.8%
2010 3.55% 5.05%
2009 5.16% 4.56%
2008 8.4% 4.44%
2007 2.28% 5.37%
2006 3.3% 2.06%
2005 2.17% 4.84%
2004 2.74% 14.2%
2003 7.93% 17%
2002 12.5% 8.61%
2001 37.7% 4.49%
2000 96.1% 0.84%
1999 52.2% 3.81%
1998 36.1% 1.11%
1997 30.7% 2.78%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 6.75% in the Gambia. In 2024, inflation was 0.71% in Ecuador and 11.6% in the Gambia.

Top exports between countries

Ecuador
Export category Export value
Raw materials & minerals $36K
Gambia
Export category Export value
Textiles & consumer goods $10K

Balance of trade

Ecuador Gambia
Current account balance
$7.7B
2025
-$99.8M
2024
Current account balance ranking
28/190
2025
81/190
2024
Current account balance, % of GDP
+5.91%
2025
-4.15%
2024
Goods imports
$31.1B
2025
$1.39B
2024
Goods exports
$37.4B
2025
$363M
2024
Service imports
$6.22B
2025
$161M
2024
Service exports
$4.14B
2025
$485M
2024
Imports of goods and services, % of GDP
27.9%
2025
49.4%
2025
Exports of goods and services, % of GDP
31.4%
2025
12.7%
2025

Economic freedom indices

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

Ecuador Gambia
Economic freedom 55.6 56.3
Economic freedom ranking 127/197 123/197
Property rights 33.2 55.4
Government integrity 33 40.5
Judicial effectiveness 48.1 45.8
Tax burden 74.2 79.2
Government spending 54.9 81.1
Fiscal health 90.3 54.8
Business freedom 64.3 50.1
Labor freedom 56.9 46.4
Monetary freedom 76.3 57.3
Trade freedom 66.4 64.8
Investment freedom 30 50
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Gambia
1x
Year Economic freedom index
Ecuador Gambia
2026 55.6 56.3
2025 55.8 56.8
2024 55 58.2
2023 55 57.9
2022 54.3 58
2021 52.4 58.8
2020 51.3 56.3
2019 46.9 52.4
2018 48.5 52.3
2017 49.3 53.4
2016 48.6 57.1
2015 49.2 57.5
2014 48 59.5
2013 46.9 58.8
2012 48.3 58.8
2011 47.1 57.4
2010 49.3 55.1
2009 52.5 55.8
2008 55.2 56.9
2007 55.3 57.7
2006 54.6 57.3
2005 52.9 56.5
2004 54.4 55.3
2003 54.1 56.3
2002 53.1 57.7
2001 55.1 56.6
2000 59.8 52.7
1999 62.9 52.1
1998 62.8 53.4
1997 61 52.9
1996 60.1 -
1995 57.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 56.3 for the Gambia, ranking 123/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Gambia
Services, % of GDP
57%
2025
53.1%
2025
Industry, % of GDP
25.7%
2025
15.8%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
23.8%
2025
GNI, Atlas method
$126B
2025
$2.62B
2025
GNI per capita, PPP
$16,290
2025
$3,660
2025
Total reserves including gold
$9.8B
2025
$629M
2024
Total reserves ranking
79/177
2025
151/177
2024
Net foreign direct investment
-$1.3B
2025
-$232M
2024
Net inflows of foreign direct investment
$446M
2024
$232M
2024
Net outflows of foreign direct investment
$0
2024
-$665K
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
3.25%
2024
Poverty at national poverty lines
21.4%
2025
53.4%
2020
Gross capital formation, % of GDP
20.9%
2025
40.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/gambia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08)
  6. TradeMap (2020–2021, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.