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Economy of Ecuador vs Haiti compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $25.2B for Haiti, ranking 62/197 and 117/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Ecuador vs Haiti GDP by year

Ecuador
Haiti
1x
Year GDP, current $
Ecuador Haiti
2024 $124,676,074,700 $25,224,154,991
2023 $121,147,057,000 $19,850,585,722
2022 $116,133,121,000 $20,253,551,921
2021 $107,179,074,000 $20,944,387,976
2020 $95,865,473,000 $14,508,222,518
2019 $107,595,830,000 $15,016,090,930
2018 $107,478,961,000 $16,403,864,618
2017 $104,467,486,000 $15,093,357,161
2016 $97,671,433,000 $14,069,277,526
2015 $97,209,558,000 $14,849,629,309
2014 $102,717,794,000 $15,146,883,498
2013 $96,570,334,000 $14,902,488,604
2012 $87,735,048,000 $13,708,925,477
2011 $78,986,648,000 $13,008,746,039
2010 $68,151,329,000 $11,859,312,725
2009 $60,094,978,000 $11,597,002,835
2008 $61,139,438,000 $10,432,962,635
2007 $49,848,725,000 $9,228,637,768
2006 $45,690,762,000 $7,638,739,123
2005 $40,278,849,000 $7,030,149,730
2004 $35,194,947,000 $6,087,360,684
2003 $30,965,208,000 $5,071,947,798
2002 $27,054,197,000 $6,205,847,214
2001 $23,127,055,000 $6,331,970,324
2000 $17,539,454,727 $6,813,566,099
1999 $19,645,272,636 $4,153,725,884
1998 $27,981,896,948 $3,723,903,724
1997 $28,162,053,027 $3,338,949,152
1996 $25,226,393,197 $2,907,517,604
1995 $24,432,884,442 $2,813,313,279
1994 $22,708,673,337 $2,167,569,046
1993 $18,938,717,359 $1,878,253,767
1992 $18,094,238,119 $2,257,129,792
1991 $16,988,535,268 $3,473,562,628
1990 $15,239,272,612 $3,096,289,800
1989 $13,890,823,705 $2,736,243,800
1988 $13,051,881,851 $2,613,926,800
1987 $13,945,426,859 $2,047,200,000
1986 $15,314,138,472 $2,318,000,000
1985 $17,149,088,413 $2,009,400,000
1984 $16,912,509,092 $1,816,200,000
1983 $17,152,477,037 $1,623,600,000
1982 $19,929,846,396 $1,474,200,000
1981 $21,810,759,354 $1,479,400,000
1980 $17,881,508,242 $1,383,800,000
1979 $14,175,160,902 $1,080,600,000
1978 $11,922,497,876 $974,200,000
1977 $11,026,342,618 $947,000,000
1976 $9,091,921,030 $879,000,000
1975 $7,731,674,472 $681,400,000
1974 $6,599,257,044 $565,399,322
1973 $3,891,754,150 $466,798,973
1972 $3,185,986,087 $371,998,958
1971 $2,754,219,271 $362,800,000
1970 $2,862,503,139 $331,200,000
1969 $3,112,165,727 $391,820,400
1968 $2,582,179,864 $367,968,800
1967 $2,553,595,172 $369,124,200
1966 $2,429,308,639 $368,948,600
1965 $2,387,047,396 $353,251,800
1964 $2,244,146,103 $325,281,200
1963 $1,824,343,871 $294,883,400
1962 $1,518,207,703 $281,896,800
1961 $1,753,850,955 $271,066,000
1960 $2,069,464,937 $273,187,200

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Haiti by year

Ecuador
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $2,143 $3,194
2023 $6,738 $15,919 $1,706 $3,292
2022 $6,516 $15,198 $1,761 $3,275
2021 $6,061 $13,507 $1,841 $3,145
2020 $5,464 $11,527 $1,290 $3,103
2019 $6,205 $12,543 $1,352 $3,237
2018 $6,304 $12,187 $1,496 $3,197
2017 $6,233 $11,793 $1,395 $3,339
2016 $5,918 $10,881 $1,318 $3,253
2015 $5,976 $10,878 $1,411 $3,026
2014 $6,406 $11,836 $1,460 $3,076
2013 $6,109 $11,296 $1,458 $3,042
2012 $5,634 $10,245 $1,361 $2,830
2011 $5,154 $9,769 $1,312 $2,858
2010 $4,520 $8,969 $1,210 $2,695
2009 $4,053 $8,662 $1,197 $2,855
2008 $4,195 $8,663 $1,095 $2,724
2007 $3,479 $8,112 $985 $2,647
2006 $3,244 $7,885 $829 $2,504
2005 $2,909 $7,457 $776 $2,427
2004 $2,586 $6,980 $683 $2,322
2003 $2,316 $6,475 $579 $2,331
2002 $2,059 $6,282 $721 $2,248
2001 $1,791 $5,999 $749 $2,230
2000 $1,382 $5,728 $821 $2,229
1999 $1,575 $5,638 $510 $2,201
1998 $2,284 $5,940 $465 $2,152
1997 $2,341 $5,793 $425 $2,122
1996 $2,136 $5,560 $377 $2,070
1995 $2,108 $5,469 $372 $1,989
1994 $1,997 $5,339 $292.1 $1,807
1993 $1,698 $5,112 $258.1 $2,048
1992 $1,655 $4,998 $316 $2,158
1991 $1,587 $4,887 $497 $2,273
1990 $1,455 $4,632 $452 $2,202
1989 $1,356 - $407 -
1988 $1,304 - $397 -
1987 $1,426 - $318 -
1986 $1,604 - $367 -
1985 $1,842 - $325 -
1984 $1,864 - $299.2 -
1983 $1,940 - $272.8 -
1982 $2,314 - $252.6 -
1981 $2,601 - $258.5 -
1980 $2,190 - $246.5 -
1979 $1,783 - $196.2 -
1978 $1,541 - $180.3 -
1977 $1,465 - $178.7 -
1976 $1,242 - $169.1 -
1975 $1,086 - $133.6 -
1974 $954 - $113 -
1973 $579 - $95.1 -
1972 $488 - $77.3 -
1971 $434 - $76.8 -
1970 $465 - $71.5 -
1969 $521 - $86.1 -
1968 $445 - $82.4 -
1967 $454 - $84.2 -
1966 $445 - $85.7 -
1965 $450 - $83.6 -
1964 $436 - $78.5 -
1963 $365 - $72.4 -
1962 $312 - $70.4 -
1961 $371 - $69 -
1960 $451 - $70.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Haiti ranks 177th at $3,194.

Economic indicators

Ecuador Haiti
Gross domestic product
$125B
2024
$25.2B
2024
GDP rank
62/197
2024
117/197
2024
GDP growth
-2%
2023-2024
-4.17%
2023-2024
GDP per capita
$6,875
2024
$2,143
2024
GDP per capita rank
103/197
2024
153/197
2024
GDP per capita, PPP
$15,840
2024
$3,194
2024
GDP per capita PPP rank
110/197
2024
177/197
2024
Government debt
$67B
2024
$3.91B
2024
Debt-to-GDP ratio
53.8%
2024
15.5%
2024
Government debt per person
$3,695
2024
$332
2024
Government debt per person rank
93/185
2024
176/185
2024
Average annual personal income after taxes
$5,894
2026
$1,896
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
31.2%
2012
Income share by poorest 10%
1.5%
2024
2.1%
2012
Government expenditure, % of GDP
38.1%
2024
5.25%
2024
Consumer prices inflation
1.55%
2023-2024
26.9%
2023-2024
Unemployment rate
3.39%
2024
14.1%
2012
Population
18487749
12076663

Spending and national debt comparison by year

Ecuador
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Ecuador Haiti
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 5.25% 15.5%
2023 39.5% 54.3% 6.46% 28.5%
2022 38.9% 57.2% 8.33% 29.5%
2021 37.5% 61.8% 9.42% 28.9%
2020 40.2% 63.6% 9.86% 22.3%
2019 39.8% 52.1% 9.59% 26.5%
2018 40.9% 49.5% 11.3% 24.1%
2017 40.5% 47.4% 10.2% 22.5%
2016 44.1% 46.1% 10.5% 24.4%
2015 44.1% 36.4% 12.7% 23.9%
2014 45.9% 28.2% 14.6% 21.4%
2013 46.7% 23.4% 15.9% 25.1%
2012 43.2% 19.3% 16.4% 24.1%
2011 39.6% 18.6% 14.1% 22.3%
2010 35.4% 18.4% 12.6% 24.9%
2009 34.3% 19.7% 11.6% 19.4%
2008 35.6% 24.9% 11.2% 33.9%
2007 24.7% 29.6% 11.1% 24.4%
2006 21.7% 33.1% 9.67% 32.2%
2005 22% 35.8% 8.75% 29.7%
2004 21.3% 40.2% 7.38% 30.4%
2003 21.3% 47.2% 7.83% 37.8%
2002 22.8% 55% 6.64% 32%
2001 21.4% 63.8% 6.11% 28.8%
2000 24.3% 92.2% 6.25% 32.5%
1999 24.1% 105.2% 6.91% 24.1%
1998 21.5% 70.3% 5.4% 24%
1997 22% 61.5% 5.46% 26.2%
1996 22.7% 69.3% - 26.2%
1995 22% 70.5% - 26.2%
1994 - - - 35.3%
1993 - - - 98%
1992 - - - 118.9%
1991 - - - 80.7%
1990 - - - 85.1%
1989 - - - 98.7%
1988 - - - 90.9%
1987 - - 32.4% 58.6%
1986 - - 15.1% 26.5%
1985 - - 17.4% 25.6%
1984 - - 16.9% 27.3%
1983 - - 21.9% 28.9%
1982 - - 20.7% 25.5%
1981 - - 17.4% 23.7%
1980 - - 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 15.5% in Haiti, ranking 98/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Haiti
1x
Year Deficit/surplus, % of GDP
Ecuador Haiti
2024 -1.28% 6.96%
2023 -3.48% 0.77%
2022 0.04% -1.75%
2021 -1.59% -2.45%
2020 -7.38% -1.96%
2019 -3.47% -1.99%
2018 -2.8% -1.13%
2017 -5.77% -0.32%
2016 -10.3% 0.12%
2015 -6.87% -1.47%
2014 -8.11% -3.64%
2013 -8.17% -3.98%
2012 -2.83% -2.71%
2011 -0.13% -1.43%
2010 -1.39% -1.5%
2009 -3.71% -2%
2008 0.57% -1.8%
2007 2.66% -1.55%
2006 2.92% -0.91%
2005 0.66% -0.83%
2004 1.94% -1.34%
2003 1.05% -2.24%
2002 0.74% -1.8%
2001 0.03% -1.55%
2000 -0.32% -1.36%
1999 -4.82% -1.54%
1998 -5.1% 0.21%
1997 -2.83% 0.37%
1996 -3.44% -
1995 -2.02% -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -4.94%
1986 - -1.4%
1985 - -0.97%
1984 - -3.52%
1983 - -5.72%
1982 - -3.93%
1981 - -4.38%
1980 - -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

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

In 2024, Ecuador's government deficit, the difference between spending and revenue, was $1.59B, equivalent to 1.28% of GDP. This compares to Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Haiti ran a deficit in 23 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 1.17% of GDP for Haiti.

Inflation comparison by year

Inflation
Ecuador

Haiti
1x
Year Consumer prices inflation
Ecuador Haiti
2024 1.55% 26.9%
2023 2.22% 36.8%
2022 3.47% 34%
2021 0.13% 16.8%
2020 -0.34% 22.8%
2019 0.27% 18.7%
2018 -0.22% 12.5%
2017 0.42% 10.7%
2016 1.73% 11.5%
2015 3.97% 6.73%
2014 3.59% 3.44%
2013 2.72% 4.77%
2012 5.1% 5.02%
2011 4.47% 6.33%
2010 3.55% 4.83%
2009 5.16% 0.39%
2008 8.4% 15.3%
2007 2.28% 6.56%
2006 3.3% 11.3%
2005 2.17% 14%
2004 2.74% 21%
2003 7.93% 28.7%
2002 12.5% 7.03%
2001 37.7% 13.3%
2000 96.1% 9.33%
1999 52.2% 3%
1998 36.1% 5.27%
1997 30.7% 20.6%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 13.5% in Haiti. In 2024, inflation was 1.55% in Ecuador and 26.9% in Haiti.

Top exports between countries

Ecuador
Export category Export value
Textiles & consumer goods $261K
Processed food, beverages & tobacco $135K
Metals $95K
Chemicals & pharma $72K
Animal & marine products $30K
Machinery & equipment $21K
Miscellaneous $9K
Raw materials & minerals $1K
Wood & paper products $1K
Haiti
Export category Export value
Machinery & equipment $39K

Balance of trade

Ecuador Haiti
Current account balance
$7.06B
2024
-$145M
2024
Current account balance ranking
27/190
2024
92/190
2024
Current account balance, % of GDP
+5.66%
2024
-0.58%
2024
Goods imports
$27.9B
2024
$4.27B
2024
Goods exports
$34.7B
2024
$767M
2024
Service imports
$6.18B
2024
$518M
2024
Service exports
$3.86B
2024
$96.6M
2024
Imports of goods and services, % of GDP
26.9%
2024
18.8%
2024
Exports of goods and services, % of GDP
30.3%
2024
3.4%
2024

Economic freedom indices

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

Ecuador Haiti
Economic freedom 55.6 46.1
Economic freedom ranking 127/197 178/197
Property rights 33.2 6.6
Government integrity 33 13
Judicial effectiveness 48.1 17.3
Tax burden 74.2 81.7
Government spending 54.9 98.7
Fiscal health 90.3 99.5
Business freedom 64.3 30.7
Labor freedom 56.9 54.7
Monetary freedom 76.3 45.1
Trade freedom 66.4 66.4
Investment freedom 30 20
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Haiti
1x
Year Economic freedom index
Ecuador Haiti
2026 55.6 46.1
2025 55.8 46.1
2024 55 48.2
2023 55 49.9
2022 54.3 50
2021 52.4 50.8
2020 51.3 52.3
2019 46.9 52.7
2018 48.5 55.8
2017 49.3 49.6
2016 48.6 51.3
2015 49.2 51.3
2014 48 48.9
2013 46.9 48.1
2012 48.3 50.7
2011 47.1 52.1
2010 49.3 50.8
2009 52.5 50.5
2008 55.2 49
2007 55.3 51.4
2006 54.6 49.2
2005 52.9 48.4
2004 54.4 51.2
2003 54.1 50.6
2002 53.1 47.9
2001 55.1 47.1
2000 59.8 45.7
1999 62.9 45.9
1998 62.8 45.7
1997 61 45.8
1996 60.1 41
1995 57.7 43

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Haiti
Services, % of GDP
57.2%
2024
48.3%
2024
Industry, % of GDP
26.5%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
15.9%
2024
GNI, Atlas method
$117B
2024
$20.7B
2024
GNI per capita, PPP
$15,410
2024
$3,190
2024
Total reserves including gold
$6.91B
2024
$2.72B
2024
Total reserves ranking
87/177
2024
121/177
2024
Net foreign direct investment
-$438M
2024
-$20M
2024
Net inflows of foreign direct investment
$443M
2024
$20M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7%
2024
2.15%
2024
Poverty at national poverty lines
28%
2024
58.5%
2012
Gross capital formation, % of GDP
18.5%
2024
9.94%
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/ecuador/haiti | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1924–2000, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, retrieved 2026-02-08)
  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.