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Economy of Ecuador vs Israel compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $611B for Israel, ranking 64/197 and 27/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $418B (68.5% of GDP) in Israel.

Ecuador vs Israel GDP by year

Ecuador
Israel
1x
Year GDP, current $
Ecuador Israel
2025 $130,320,560,400 $610,777,842,874
2024 $123,802,374,000 $542,284,494,491
2023 $120,792,801,000 $513,393,395,492
2022 $116,133,121,000 $525,157,951,213
2021 $107,179,074,000 $489,735,019,666
2020 $95,865,473,000 $410,908,899,711
2019 $107,595,830,000 $399,207,771,082
2018 $107,478,961,000 $375,470,422,244
2017 $104,467,486,000 $357,360,816,857
2016 $97,671,433,000 $321,083,954,798
2015 $97,209,558,000 $302,841,190,258
2014 $102,717,794,000 $314,376,760,832
2013 $96,570,334,000 $298,045,324,736
2012 $87,735,048,000 $263,172,104,091
2011 $78,986,648,000 $267,739,352,609
2010 $68,151,329,000 $239,372,857,534
2009 $60,094,978,000 $213,112,649,594
2008 $61,139,438,000 $220,952,472,408
2007 $49,848,725,000 $184,448,882,452
2006 $45,690,762,000 $158,706,516,002
2005 $40,278,849,000 $147,346,035,831
2004 $35,194,947,000 $139,925,423,025
2003 $30,965,208,000 $131,278,887,815
2002 $27,054,197,000 $125,215,963,105
2001 $23,127,055,000 $134,889,159,474
2000 $17,539,454,727 $136,409,902,632
1999 $19,645,272,636 $121,329,240,042
1998 $27,981,896,948 $120,468,659,246
1997 $28,162,053,027 $119,389,303,067
1996 $25,226,393,197 $115,051,957,577
1995 $24,432,884,442 $105,432,315,611
1994 $22,708,673,337 $90,684,108,118
1993 $18,938,717,359 $79,806,598,120
1992 $18,094,238,119 $79,408,652,426
1991 $16,988,535,268 $70,954,941,681
1990 $15,239,272,612 $61,978,459,022
1989 $13,890,823,705 $52,411,116,588
1988 $13,051,881,851 $52,618,458,014
1987 $13,945,426,859 $43,022,977,765
1986 $15,314,138,472 $35,812,041,620
1985 $17,149,088,413 $28,887,898,639
1984 $16,912,509,092 $30,626,695,891
1983 $17,152,477,037 $32,655,591,256
1982 $19,929,846,396 $29,237,231,967
1981 $21,810,759,354 $26,865,420,933
1980 $17,881,508,242 $25,379,585,067
1979 $14,175,160,902 $22,595,788,591
1978 $11,922,497,876 $17,690,363,444
1977 $11,026,342,618 $18,245,847,441
1976 $9,091,921,030 $15,946,502,888
1975 $7,731,674,472 $16,131,806,290
1974 $6,599,257,044 $17,162,009,924
1973 $3,891,754,150 $11,895,229,181
1972 $3,185,986,087 $9,216,866,299
1971 $2,754,219,271 $7,048,191,876
1970 $2,862,503,139 $7,402,142,195
1969 $3,112,165,727 $6,293,966,357
1968 $2,582,179,864 $5,455,059,532
1967 $2,553,595,172 $4,759,447,914
1966 $2,429,308,639 $4,700,397,692
1965 $2,387,047,396 $4,326,412,951
1964 $2,244,146,103 $4,021,861,430
1963 $1,824,343,871 $3,533,767,055
1962 $1,518,207,703 $2,964,323,618
1961 $1,753,850,955 $3,706,297,903
1960 $2,069,464,937 $3,068,690,949

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

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

GDP per capita in Ecuador vs Israel by year

Ecuador
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $60,337 -
2024 $6,827 $15,840 $54,217 $57,236
2023 $6,718 $15,919 $52,126 $55,171
2022 $6,516 $15,198 $54,947 $53,619
2021 $6,061 $13,507 $52,258 $46,162
2020 $5,464 $11,527 $44,591 $40,955
2019 $6,205 $12,543 $44,092 $41,325
2018 $6,304 $12,187 $42,269 $40,190
2017 $6,233 $11,793 $41,013 $39,471
2016 $5,918 $10,881 $37,571 $38,189
2015 $5,976 $10,878 $36,138 $35,871
2014 $6,406 $11,836 $38,265 $34,816
2013 $6,109 $11,296 $36,981 $34,827
2012 $5,634 $10,245 $33,269 $32,484
2011 $5,154 $9,769 $34,477 $31,314
2010 $4,520 $8,969 $31,399 $29,456
2009 $4,053 $8,662 $28,470 $28,087
2008 $4,195 $8,663 $30,231 $28,084
2007 $3,479 $8,112 $25,689 $28,307
2006 $3,244 $7,885 $22,500 $26,385
2005 $2,909 $7,457 $21,262 $25,701
2004 $2,586 $6,980 $20,550 $26,078
2003 $2,316 $6,475 $19,624 $24,702
2002 $2,059 $6,282 $19,059 $26,101
2001 $1,791 $5,999 $20,949 $25,806
2000 $1,382 $5,728 $21,690 $25,766
1999 $1,575 $5,638 $19,809 $23,415
1998 $2,284 $5,940 $20,176 $22,927
1997 $2,341 $5,793 $20,457 $22,279
1996 $2,136 $5,560 $20,213 $21,672
1995 $2,108 $5,469 $19,014 $20,642
1994 $1,997 $5,339 $16,796 $19,478
1993 $1,698 $5,112 $15,169 $18,218
1992 $1,655 $4,998 $15,500 $17,553
1991 $1,587 $4,887 $14,337 $16,486
1990 $1,455 $4,632 $13,300 $15,721
1989 $1,356 - $11,601 -
1988 $1,304 - $11,846 -
1987 $1,426 - $9,847 -
1986 $1,604 - $8,330 -
1985 $1,842 - $6,824 -
1984 $1,864 - $7,364 -
1983 $1,940 - $7,955 -
1982 $2,314 - $7,253 -
1981 $2,601 - $6,791 -
1980 $2,190 - $6,545 -
1979 $1,783 - $5,968 -
1978 $1,541 - $4,794 -
1977 $1,465 - $5,050 -
1976 $1,242 - $4,514 -
1975 $1,086 - $4,669 -
1974 $954 - $5,082 -
1973 $579 - $3,629 -
1972 $488 - $2,928 -
1971 $434 - $2,297 -
1970 $465 - $2,489 -
1969 $521 - $2,188 -
1968 $445 - $1,946 -
1967 $454 - $1,734 -
1966 $445 - $1,788 -
1965 $450 - $1,688 -
1964 $436 - $1,625 -
1963 $365 - $1,485 -
1962 $312 - $1,293 -
1961 $371 - $1,696 -
1960 $451 - $1,452 -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Israel ranks 36th at $57,236.

Economic indicators

Ecuador Israel
Gross domestic product
$130B
2025
$611B
2025
GDP rank
64/197
2025
27/197
2025
GDP growth
3.73%
2024-2025
2.93%
2024-2025
GDP per capita
$7,125
2025
$60,337
2025
GDP per capita rank
102/197
2025
19/197
2025
GDP per capita, PPP
$15,840
2024
$57,236
2024
GDP per capita PPP rank
110/197
2024
36/197
2024
Government debt
$70.9B
2025
$418B
2025
Debt-to-GDP ratio
54.4%
2025
68.5%
2025
Government debt per person
$3,877
2025
$41,338
2025
Government debt per person rank
94/185
2025
16/185
2025
Average annual personal income after taxes
$6,605
2026
$48,251
2026
Market capitalization of domestic companies
$747M
2000
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
35.1%
2025
27%
2022
Income share by poorest 10%
1.7%
2025
1.8%
2022
Government expenditure, % of GDP
38.4%
2025
43.6%
2025
Consumer prices inflation
0.71%
2024-2025
3.04%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
3.23%
2025
3%
2025
Population
18524711
10334048

Spending and national debt comparison by year

Ecuador
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Ecuador Israel
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 43.6% 68.5%
2024 38.3% 54.1% 43.7% 67.7%
2023 39.6% 54.5% 39.6% 61.3%
2022 38.9% 57.2% 36.9% 60.3%
2021 37.5% 61.8% 40.1% 67.7%
2020 40.2% 63.6% 44.8% 71.1%
2019 39.8% 52.1% 38.7% 59.3%
2018 40.9% 49.5% 39.2% 60.1%
2017 40.5% 47.4% 38.4% 59.8%
2016 44.1% 46.1% 37.9% 61.7%
2015 44.1% 36.4% 37.6% 62.8%
2014 45.9% 28.2% 38.3% 65.8%
2013 46.7% 23.4% 39.7% 66%
2012 43.2% 19.3% 39.6% 66.9%
2011 39.6% 18.6% 39.3% 67.2%
2010 35.4% 18.4% 39.7% 69%
2009 34.3% 19.7% 41.4% 72.6%
2008 35.6% 24.9% 41.2% 70.2%
2007 24.7% 29.6% 40.2% 70.8%
2006 21.7% 33.1% 41.6% 77.7%
2005 22% 35.8% 42.3% 85.2%
2004 21.3% 40.2% 43% 88.3%
2003 21.3% 47.2% 45.4% 89.7%
2002 22.8% 55% 50% 87.2%
2001 21.4% 63.8% 46.1% 81.1%
2000 24.3% 92.2% 43.4% 77.2%
1999 24.1% 105.2% 53.6% 94.8%
1998 21.5% 70.3% 55% 101%
1997 22% 61.5% 52.6% 99.3%
1996 22.7% 69.3% 53.2% 100.3%
1995 22% 70.5% 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 68.5% in Israel, ranking 92/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Israel
1x
Year Deficit/surplus, % of GDP
Ecuador Israel
2025 -2.88% -5.22%
2024 -1.28% -8.07%
2023 -3.49% -5.38%
2022 0.04% 0.3%
2021 -1.59% -3.37%
2020 -7.38% -10.6%
2019 -3.47% -3.79%
2018 -2.8% -3.58%
2017 -5.77% -1.17%
2016 -10.3% -1.78%
2015 -6.87% -1.2%
2014 -8.11% -2.28%
2013 -8.17% -4.07%
2012 -2.83% -4.46%
2011 -0.13% -3.43%
2010 -1.39% -3.72%
2009 -3.71% -6.53%
2008 0.57% -3.49%
2007 2.66% -0.43%
2006 2.92% -0.94%
2005 0.66% -2.74%
2004 1.94% -3.4%
2003 1.05% -5.03%
2002 0.74% -8.21%
2001 0.03% -4.06%
2000 -0.32% -0.8%
1999 -4.82% -6.26%
1998 -5.1% -7.99%
1997 -2.83% -4.84%
1996 -3.44% -5.97%
1995 -2.02% -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Israel ran a deficit in 30 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 4.09% of GDP for Israel.

Inflation comparison by year

Inflation
Ecuador

Israel
1x
Year Consumer prices inflation
Ecuador Israel
2025 0.71% 3.04%
2024 1.55% 3.07%
2023 2.22% 4.23%
2022 3.47% 4.41%
2021 0.13% 1.48%
2020 -0.34% -0.58%
2019 0.27% 0.82%
2018 -0.22% 0.81%
2017 0.42% 0.25%
2016 1.73% -0.54%
2015 3.97% -0.62%
2014 3.59% 0.47%
2013 2.72% 1.59%
2012 5.1% 1.68%
2011 4.47% 3.49%
2010 3.55% 2.7%
2009 5.16% 3.37%
2008 8.4% 4.53%
2007 2.28% 0.47%
2006 3.3% 2.05%
2005 2.17% 1.34%
2004 2.74% -0.42%
2003 7.93% 0.71%
2002 12.5% 5.8%
2001 37.7% 1.12%
2000 96.1% 1.03%
1999 52.2% 5.19%
1998 36.1% 5.49%
1997 30.7% 8.95%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 2.27% in Israel. In 2025, inflation was 0.71% in Ecuador and 3.04% in Israel.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $6.64M
Raw agricultural goods $2.57M
Machinery & equipment $483K
Raw materials & minerals $109K
Textiles & consumer goods $101K
Animal & marine products $99K
Chemicals & pharma $33K
Wood & paper products $15K
Miscellaneous $3K
Metals $1K
Israel
Export category Export value
Chemicals & pharma $16.4M
Machinery & equipment $13.7M
Metals $7.11M
Textiles & consumer goods $5.29M
Raw materials & minerals $3.13M
Raw agricultural goods $2.56M
Processed food, beverages & tobacco $569K
Wood & paper products $453K
Weapons & explosives $119K
Miscellaneous $31K

Balance of trade

Ecuador Israel
Current account balance
$7.7B
2025
$8.53B
2025
Current account balance ranking
28/190
2025
26/190
2025
Current account balance, % of GDP
+5.91%
2025
+1.4%
2025
Goods imports
$31.1B
2025
$102B
2025
Goods exports
$37.4B
2025
$76.2B
2025
Service imports
$6.22B
2025
$53.2B
2025
Service exports
$4.14B
2025
$92.4B
2025
Imports of goods and services, % of GDP
27.9%
2025
25.4%
2025
Exports of goods and services, % of GDP
31.4%
2025
27.6%
2025

Economic freedom indices

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

Ecuador Israel
Economic freedom 55.6 68.4
Economic freedom ranking 127/197 47/197
Property rights 33.2 73.1
Government integrity 33 66.2
Judicial effectiveness 48.1 68.1
Tax burden 74.2 60.2
Government spending 54.9 52
Fiscal health 90.3 60.8
Business freedom 64.3 72.4
Labor freedom 56.9 56.8
Monetary freedom 76.3 78.2
Trade freedom 66.4 82.8
Investment freedom 30 70
Financial freedom 40 80

Economic freedom comparison by year

Ecuador
Israel
1x
Year Economic freedom index
Ecuador Israel
2026 55.6 68.4
2025 55.8 69.9
2024 55 70.1
2023 55 68.9
2022 54.3 68
2021 52.4 73.8
2020 51.3 74
2019 46.9 72.8
2018 48.5 72.2
2017 49.3 69.7
2016 48.6 70.7
2015 49.2 70.5
2014 48 68.4
2013 46.9 66.9
2012 48.3 67.8
2011 47.1 68.5
2010 49.3 67.7
2009 52.5 67.6
2008 55.2 66.3
2007 55.3 64.8
2006 54.6 64.4
2005 52.9 62.6
2004 54.4 61.4
2003 54.1 62.7
2002 53.1 66.9
2001 55.1 66.1
2000 59.8 65.5
1999 62.9 68.3
1998 62.8 68
1997 61 62.7
1996 60.1 62
1995 57.7 61.5

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Israel
Services, % of GDP
57%
2025
72.8%
2024
Industry, % of GDP
25.7%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
1.29%
2024
GNI, Atlas method
$126B
2025
$569B
2025
GNI per capita, PPP
$16,290
2025
$58,870
2025
Total reserves including gold
$9.8B
2025
$229B
2025
Total reserves ranking
79/177
2025
18/177
2025
Net foreign direct investment
-$1.3B
2025
-$11.8B
2025
Net inflows of foreign direct investment
$446M
2024
$14.8B
2024
Net outflows of foreign direct investment
$0
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
22%
2020
Gross capital formation, % of GDP
20.9%
2025
24.3%
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/israel | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–2000, 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 (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.