Ecuador vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Ecuador ranked 61st with $108.4B. By GDP 5-years average growth and GDP per capita, Italy and Ecuador ranked 154th vs 150th and 29th vs 96th, respectively.

Gross Domestic Product & Income

Stat	Ecuador	Italy
GDP	$108.4B	$2.1T
GDP growth, 1 year	1.1%	0.9%
GDP growth, 5-years average	1.2%	0.9%
Population	16.6M	60.3M
GDP per capita	$6.3k	$34k
GDP per capita growth	-0.4%	0.95%
Purchasing Power Parity conversion factor	0.54	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.54	0.82
GDP per capita, PPP adjusted	$12k	$40k
GNI, Atlas method	$104.4B	$2T
GNI per capita	$6.1k	$34k
GNI, PPP adjusted	$195.1B	$2.6T
GNI per capita, PPP adjusted	$11k	$42k

Financial system and Human development

Stat	Ecuador	Italy
Income Tax Rate	35%	43%
Corporate Tax Rate	25%	27.5%
Inflation, consumer prices	-0.2%	1.2%
Inflation, GDP deflator	2.5%	0.9%
Unemployment	3.9%	10.2%
Economic Freedom Index	51.3	63.8
Personal Freedom Index	7.42	8.79
Human Freedom Index	6.7	8.01
Property Rights Index	40.4	75.4
Judical Effectiveness Index	20.7	51.3
Business Freedom Index	53.8	70.4
Fiscal Health Index	62.3	71.1
Labor Freedom Index	48	50.9
Investment Freedom Index	35	80
Financial Freedom Index	40	50
Trade Freedom Index	66	86.4
Monetary Freedom Index	81	83.2
Government Spending Index	57.9	28.5
Tax Burden Index	77.5	56
Government Integrity Index	33.4	62.2
Corruption Perceptions Index	34	52
Life expectancy at birth, years	76.6	83.2
Suicide mortality rate, per 100,000 people	7.1	8.2
Mortality caused by road traffic injury, per 100,000 people	21.3	5.6
Intentional homicides, per 100,000 people	5.8	0.7
International tourism, number of arrivals	2.5M	61.6M

Government debt & reserves

Stat	Ecuador	Italy
Central government debt, % of GDP	46.1%	132.1%
External debt stocks, % of GNI	42.6%	N/A
External debt stocks	$45B	N/A
Short-term debt, % of total reserves	34.8%	N/A
Total debt service, % of exports and primary income	36.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	11.4%	6%
Gross savings, % of GDP	25.3%	20.8%
Gross capital formation, % of GDP	26%	18.2%
Total reserves including gold	$2.2B	$152.4B
Foreign direct investment net inflows	$1.4B	$39.6B

Exports, imports and economic structure

Stat	Ecuador	Italy
Exports of goods and services, % of GDP	22.8%	31.5%
Imports of goods and services, % of GDP	23%	29%
Current account balance (balance of payments)	-$1.5B	$53.8B
Revenue excluding grants, % of GDP	N/A	37.7%
Grants excluding technical cooperation, BoP	$122.5M	N/A
Personal remittances received	$3B	$9.9B
Industry including construction value added, % of GDP	32.7%	21.4%
Agriculture, forestry and fishing value added, % of GDP	9.2%	1.9%
Charges for the use of intellectual property, payments BoP	$18.9M	$5.1B
Charges for the use of intellectual property, receipts BoP	N/A	$4.9B
Expense, % of GDP	N/A	41.3%
Government Expenditure, % of GDP	37.5%	48.8%