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Economy of Ecuador vs Indonesia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $1.45T for Indonesia, ranking 64/197 and 17/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $593B (41% of GDP) in Indonesia.

Ecuador vs Indonesia GDP by year

Ecuador
Indonesia
1x
Year GDP, current $
Ecuador Indonesia
2025 $130,320,560,400 $1,445,642,584,164
2024 $123,802,374,000 $1,396,301,788,462
2023 $120,792,801,000 $1,371,166,925,750
2022 $116,133,121,000 $1,319,101,183,380
2021 $107,179,074,000 $1,186,509,691,087
2020 $95,865,473,000 $1,059,054,842,698
2019 $107,595,830,000 $1,119,099,871,350
2018 $107,478,961,000 $1,042,271,532,989
2017 $104,467,486,000 $1,015,618,744,160
2016 $97,671,433,000 $931,877,364,038
2015 $97,209,558,000 $860,854,232,686
2014 $102,717,794,000 $890,814,755,534
2013 $96,570,334,000 $912,524,136,718
2012 $87,735,048,000 $917,869,913,333
2011 $78,986,648,000 $892,969,104,563
2010 $68,151,329,000 $755,094,157,622
2009 $60,094,978,000 $539,580,085,612
2008 $61,139,438,000 $510,228,634,992
2007 $49,848,725,000 $432,216,737,775
2006 $45,690,762,000 $364,570,515,618
2005 $40,278,849,000 $285,868,619,196
2004 $35,194,947,000 $256,836,875,295
2003 $30,965,208,000 $234,772,463,824
2002 $27,054,197,000 $195,660,611,165
2001 $23,127,055,000 $160,446,947,785
2000 $17,539,454,727 $165,021,012,078
1999 $19,645,272,636 $140,001,351,215
1998 $27,981,896,948 $95,445,547,873
1997 $28,162,053,027 $215,748,998,610
1996 $25,226,393,197 $227,369,679,375
1995 $24,432,884,442 $202,132,028,723
1994 $22,708,673,337 $176,892,143,932
1993 $18,938,717,359 $158,006,700,302
1992 $18,094,238,119 $128,026,966,580
1991 $16,988,535,268 $116,621,996,217
1990 $15,239,272,612 $106,140,727,334
1989 $13,890,823,705 $94,451,427,877
1988 $13,051,881,851 $84,300,174,486
1987 $13,945,426,859 $75,929,617,558
1986 $15,314,138,472 $79,954,072,545
1985 $17,149,088,413 $85,289,488,375
1984 $16,912,509,092 $84,853,700,028
1983 $17,152,477,037 $81,052,283,384
1982 $19,929,846,396 $90,158,449,295
1981 $21,810,759,354 $85,518,233,419
1980 $17,881,508,242 $72,482,337,397
1979 $14,175,160,902 $51,400,186,343
1978 $11,922,497,876 $51,455,719,076
1977 $11,026,342,618 $45,808,915,663
1976 $9,091,921,030 $37,269,156,627
1975 $7,731,674,472 $30,463,855,422
1974 $6,599,257,044 $25,802,409,639
1973 $3,891,754,150 $16,273,253,012
1972 $3,185,986,087 $10,997,590,361
1971 $2,754,219,271 $9,333,536,370
1970 $2,862,503,139 $9,150,684,932
1969 $3,112,165,727 $8,337,423,313
1968 $2,582,179,864 $7,076,465,300
1967 $2,553,595,172 $5,667,756,628
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ecuador vs Indonesia by year

Ecuador
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $5,060 -
2024 $6,827 $15,840 $4,925 $16,448
2023 $6,718 $15,919 $4,876 $15,416
2022 $6,516 $15,198 $4,731 $14,285
2021 $6,061 $13,507 $4,287 $12,757
2020 $5,464 $11,527 $3,854 $11,729
2019 $6,205 $12,543 $4,107 $11,986
2018 $6,304 $12,187 $3,861 $11,372
2017 $6,233 $11,793 $3,799 $10,688
2016 $5,918 $10,881 $3,521 $10,263
2015 $5,976 $10,878 $3,288 $10,028
2014 $6,406 $11,836 $3,441 $10,065
2013 $6,109 $11,296 $3,567 $9,866
2012 $5,634 $10,245 $3,632 $9,530
2011 $5,154 $9,769 $3,579 $8,937
2010 $4,520 $8,969 $3,066 $8,353
2009 $4,053 $8,662 $2,218 $7,868
2008 $4,195 $8,663 $2,125 $7,569
2007 $3,479 $8,112 $1,823 $7,096
2006 $3,244 $7,885 $1,558 $6,583
2005 $2,909 $7,457 $1,238 $6,134
2004 $2,586 $6,980 $1,127 $5,700
2003 $2,316 $6,475 $1,043 $5,353
2002 $2,059 $6,282 $881 $5,076
2001 $1,791 $5,999 $732 $4,849
2000 $1,382 $5,728 $764 $4,639
1999 $1,575 $5,638 $657 $4,386
1998 $2,284 $5,940 $455 $4,356
1997 $2,341 $5,793 $1,045 $5,037
1996 $2,136 $5,560 $1,119 $4,807
1995 $2,108 $5,469 $1,011 $4,451
1994 $1,997 $5,339 $900 $4,096
1993 $1,698 $5,112 $817 $3,793
1992 $1,655 $4,998 $674 $3,538
1991 $1,587 $4,887 $624 $3,305
1990 $1,455 $4,632 $578 $3,044
1989 $1,356 - $524 -
1988 $1,304 - $477 -
1987 $1,426 - $438 -
1986 $1,604 - $470 -
1985 $1,842 - $511 -
1984 $1,864 - $520 -
1983 $1,940 - $508 -
1982 $2,314 - $578 -
1981 $2,601 - $561 -
1980 $2,190 - $487 -
1979 $1,783 - $353 -
1978 $1,541 - $362 -
1977 $1,465 - $331 -
1976 $1,242 - $275.7 -
1975 $1,086 - $231.1 -
1974 $954 - $200.7 -
1973 $579 - $129.9 -
1972 $488 - $90.1 -
1971 $434 - $78.5 -
1970 $465 - $79.1 -
1969 $521 - $74.1 -
1968 $445 - $64.7 -
1967 $454 - $53.2 -
1966 $445 - - -
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/indonesia | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Indonesia ranks 107th at $16,448.

Economic indicators

Ecuador Indonesia
Gross domestic product
$130B
2025
$1.45T
2025
GDP rank
64/197
2025
17/197
2025
GDP growth
3.73%
2024-2025
5.11%
2024-2025
GDP per capita
$7,125
2025
$5,060
2025
GDP per capita rank
102/197
2025
123/197
2025
GDP per capita, PPP
$15,840
2024
$16,448
2024
GDP per capita PPP rank
110/197
2024
107/197
2024
Government debt
$70.9B
2025
$593B
2025
Debt-to-GDP ratio
54.4%
2025
41%
2025
Government debt per person
$3,877
2025
$2,076
2025
Government debt per person rank
94/185
2025
119/185
2025
Average annual personal income after taxes
$6,605
2026
$3,470
2026
Market capitalization of domestic companies
$747M
2000
$950B
2025
Number of millionaires n/a
178,605
2024
Number of billionaires n/a
33
2026
Income share by richest 10%
35.1%
2025
28.7%
2025
Income share by poorest 10%
1.7%
2025
3.5%
2025
Government expenditure, % of GDP
38.4%
2025
16.2%
2025
Consumer prices inflation
0.71%
2024-2025
1.91%
2024-2025
Central bank interest rate n/a
5.5%
2026
Unemployment rate
3.23%
2025
3.31%
2023
Population
18524711
289027659

Spending and national debt comparison by year

Ecuador
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Ecuador Indonesia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 16.2% 41%
2024 38.3% 54.1% 16.9% 40.2%
2023 39.6% 54.5% 16.6% 39.6%
2022 38.9% 57.2% 17.3% 40.1%
2021 37.5% 61.8% 18.1% 41.1%
2020 40.2% 63.6% 18.4% 39.7%
2019 39.8% 52.1% 16.4% 30.6%
2018 40.9% 49.5% 16.6% 30.4%
2017 40.5% 47.4% 16.4% 29.4%
2016 44.1% 46.1% 16.9% 28%
2015 44.1% 36.4% 17.6% 27%
2014 45.9% 28.2% 18.4% 24.6%
2013 46.7% 23.4% 18.8% 24.9%
2012 43.2% 19.3% 18.8% 23%
2011 39.6% 18.6% 17.7% 23.1%
2010 35.4% 18.4% 16.9% 26.4%
2009 34.3% 19.7% 17% 26.5%
2008 35.6% 24.9% 19.4% 30.3%
2007 24.7% 29.6% 18.7% 38.1%
2006 21.7% 33.1% 18.4% 35.8%
2005 22% 35.8% 17.4% 42.6%
2004 21.3% 40.2% 17.8% 51.3%
2003 21.3% 47.2% 18.2% 55.6%
2002 22.8% 55% 16.9% 62.3%
2001 21.4% 63.8% 19.5% 73.7%
2000 24.3% 92.2% 15.3% 87.4%
1999 24.1% 105.2% 15.1% 95.9%
1998 21.5% 70.3% 15.1% 72.5%
1997 22% 61.5% 15.2% 26.4%
1996 22.7% 69.3% 11.5% 27.5%
1995 22% 70.5% 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 41% in Indonesia, ranking 92/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Indonesia
1x
Year Deficit/surplus, % of GDP
Ecuador Indonesia
2025 -2.88% -2.92%
2024 -1.28% -2.28%
2023 -3.49% -1.64%
2022 0.04% -2.31%
2021 -1.59% -4.4%
2020 -7.38% -6.07%
2019 -3.47% -2.09%
2018 -2.8% -1.69%
2017 -5.77% -2.26%
2016 -10.3% -2.56%
2015 -6.87% -2.72%
2014 -8.11% -1.8%
2013 -8.17% -1.96%
2012 -2.83% -1.59%
2011 -0.13% -0.7%
2010 -1.39% -1.24%
2009 -3.71% -1.64%
2008 0.57% 0.05%
2007 2.66% -0.95%
2006 2.92% 0.45%
2005 0.66% 0.46%
2004 1.94% -0.26%
2003 1.05% -1.08%
2002 0.74% -0.58%
2001 0.03% -1.76%
2000 -0.32% -1.87%
1999 -4.82% -0.96%
1998 -5.1% -1.89%
1997 -2.83% -1.03%
1996 -3.44% 0.96%
1995 -2.02% 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -1.54%
1991 - 0.51%
1990 - 0.97%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/indonesia | 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 Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Indonesia ran a deficit in 26 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 1.54% of GDP for Indonesia.

Inflation comparison by year

Inflation
Ecuador

Indonesia
1x
Year Consumer prices inflation
Ecuador Indonesia
2025 0.71% 1.91%
2024 1.55% 2.18%
2023 2.22% 3.67%
2022 3.47% 4.21%
2021 0.13% 1.56%
2020 -0.34% 1.92%
2019 0.27% 3.03%
2018 -0.22% 3.2%
2017 0.42% 3.81%
2016 1.73% 3.53%
2015 3.97% 6.36%
2014 3.59% 6.39%
2013 2.72% 6.41%
2012 5.1% 4.28%
2011 4.47% 5.36%
2010 3.55% 5.13%
2009 5.16% 4.39%
2008 8.4% 10.2%
2007 2.28% 6.41%
2006 3.3% 13.1%
2005 2.17% 10.5%
2004 2.74% 6.06%
2003 7.93% 6.76%
2002 12.5% 11.9%
2001 37.7% 11.5%
2000 96.1% 3.69%
1999 52.2% 20.5%
1998 36.1% 58.5%
1997 30.7% 6.23%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 8.02% in Indonesia. In 2025, inflation was 0.71% in Ecuador and 1.91% in Indonesia.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $383M
Raw agricultural goods $1.93M
Machinery & equipment $607K
Raw materials & minerals $144K
Animal & marine products $130K
Metals $43K
Chemicals & pharma $31K
Textiles & consumer goods $30K
Miscellaneous $13K
Indonesia
Export category Export value
Machinery & equipment $50.1M
Wood & paper products $21.3M
Raw materials & minerals $9.82M
Textiles & consumer goods $7.8M
Raw agricultural goods $5.58M
Processed food, beverages & tobacco $3.24M
Chemicals & pharma $1.68M
Miscellaneous $999K
Animal & marine products $547K
Precious metals & jewellery $177K

Balance of trade

Ecuador Indonesia
Current account balance
$7.7B
2025
-$1.52B
2025
Current account balance ranking
28/190
2025
129/190
2025
Current account balance, % of GDP
+5.91%
2025
-0.11%
2025
Goods imports
$31.1B
2025
$231B
2025
Goods exports
$37.4B
2025
$280B
2025
Service imports
$6.22B
2025
$63B
2025
Service exports
$4.14B
2025
$42.5B
2025
Imports of goods and services, % of GDP
27.9%
2025
20.5%
2025
Exports of goods and services, % of GDP
31.4%
2025
22.8%
2025

Economic freedom indices

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

Ecuador Indonesia
Economic freedom 55.6 65.1
Economic freedom ranking 127/197 67/197
Property rights 33.2 39.7
Government integrity 33 42
Judicial effectiveness 48.1 43.1
Tax burden 74.2 81.5
Government spending 54.9 91.4
Fiscal health 90.3 89.8
Business freedom 64.3 69.2
Labor freedom 56.9 56.8
Monetary freedom 76.3 79.4
Trade freedom 66.4 78.6
Investment freedom 30 50
Financial freedom 40 60

Economic freedom comparison by year

Ecuador
Indonesia
1x
Year Economic freedom index
Ecuador Indonesia
2026 55.6 65.1
2025 55.8 65.2
2024 55 63.5
2023 55 63.5
2022 54.3 64.4
2021 52.4 66.9
2020 51.3 67.2
2019 46.9 65.8
2018 48.5 64.2
2017 49.3 61.9
2016 48.6 59.4
2015 49.2 58.1
2014 48 58.5
2013 46.9 56.9
2012 48.3 56.4
2011 47.1 56
2010 49.3 55.5
2009 52.5 53.4
2008 55.2 53.2
2007 55.3 53.2
2006 54.6 51.9
2005 52.9 52.9
2004 54.4 52.1
2003 54.1 55.8
2002 53.1 54.8
2001 55.1 52.5
2000 59.8 55.2
1999 62.9 61.5
1998 62.8 63.4
1997 61 62
1996 60.1 61
1995 57.7 54.9

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Indonesia
Services, % of GDP
57%
2025
43.9%
2025
Industry, % of GDP
25.7%
2025
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
13.1%
2025
GNI, Atlas method
$126B
2025
$1.46T
2025
GNI per capita, PPP
$16,290
2025
$17,190
2025
Total reserves including gold
$9.8B
2025
$157B
2025
Total reserves ranking
79/177
2025
22/177
2025
Net foreign direct investment
-$1.3B
2025
-$14.4B
2025
Net inflows of foreign direct investment
$446M
2024
$24.3B
2024
Net outflows of foreign direct investment
$0
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
5.64%
2024
Poverty at national poverty lines
21.4%
2025
9%
2024
Gross capital formation, % of GDP
20.9%
2025
30.6%
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/indonesia | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, 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.