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Economy of Ecuador vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $306B for Kazakhstan, ranking 64/197 and 49/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Ecuador vs Kazakhstan GDP by year

Ecuador
Kazakhstan
1x
Year GDP, current $
Ecuador Kazakhstan
2025 $130,320,560,400 $306,239,209,650
2024 $123,802,374,000 $291,480,274,649
2023 $120,792,801,000 $261,840,101,060
2022 $116,133,121,000 $225,496,328,925
2021 $107,179,074,000 $197,112,255,361
2020 $95,865,473,000 $171,082,365,861
2019 $107,595,830,000 $181,667,184,855
2018 $107,478,961,000 $179,339,977,690
2017 $104,467,486,000 $166,805,788,827
2016 $97,671,433,000 $137,278,320,084
2015 $97,209,558,000 $184,388,404,706
2014 $102,717,794,000 $221,415,613,595
2013 $96,570,334,000 $236,634,603,409
2012 $87,735,048,000 $207,998,568,866
2011 $78,986,648,000 $192,626,464,617
2010 $68,151,329,000 $148,047,348,241
2009 $60,094,978,000 $115,308,686,941
2008 $61,139,438,000 $133,441,648,852
2007 $49,848,725,000 $104,849,915,058
2006 $45,690,762,000 $81,003,864,630
2005 $40,278,849,000 $57,123,671,734
2004 $35,194,947,000 $43,151,647,003
2003 $30,965,208,000 $30,833,692,900
2002 $27,054,197,000 $24,636,598,527
2001 $23,127,055,000 $22,152,689,180
2000 $17,539,454,727 $18,291,990,662
1999 $19,645,272,636 $16,870,817,182
1998 $27,981,896,948 $22,135,245,507
1997 $28,162,053,027 $22,165,932,063
1996 $25,226,393,197 $21,035,357,937
1995 $24,432,884,442 $20,374,302,652
1994 $22,708,673,337 $21,250,792,886
1993 $18,938,717,359 $23,409,260,880
1992 $18,094,238,119 $24,917,355,372
1991 $16,988,535,268 $24,923,076,923
1990 $15,239,272,612 $26,932,016,270
1989 $13,890,823,705 -
1988 $13,051,881,851 -
1987 $13,945,426,859 -
1986 $15,314,138,472 -
1985 $17,149,088,413 -
1984 $16,912,509,092 -
1983 $17,152,477,037 -
1982 $19,929,846,396 -
1981 $21,810,759,354 -
1980 $17,881,508,242 -
1979 $14,175,160,902 -
1978 $11,922,497,876 -
1977 $11,026,342,618 -
1976 $9,091,921,030 -
1975 $7,731,674,472 -
1974 $6,599,257,044 -
1973 $3,891,754,150 -
1972 $3,185,986,087 -
1971 $2,754,219,271 -
1970 $2,862,503,139 -
1969 $3,112,165,727 -
1968 $2,582,179,864 -
1967 $2,553,595,172 -
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/kazakhstan | CC BY

GDP per capita in Ecuador vs Kazakhstan by year

Ecuador
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $14,692 -
2024 $6,827 $15,840 $14,155 $40,891
2023 $6,718 $15,919 $12,879 $38,515
2022 $6,516 $15,198 $11,255 $35,895
2021 $6,061 $13,507 $9,984 $32,946
2020 $5,464 $11,527 $8,782 $29,040
2019 $6,205 $12,543 $9,457 $28,689
2018 $6,304 $12,187 $9,472 $25,096
2017 $6,233 $11,793 $8,943 $23,973
2016 $5,918 $10,881 $7,476 $23,023
2015 $5,976 $10,878 $10,196 $22,484
2014 $6,406 $11,836 $12,428 $23,958
2013 $6,109 $11,296 $13,478 $23,754
2012 $5,634 $10,245 $12,019 $21,367
2011 $5,154 $9,769 $11,287 $20,160
2010 $4,520 $8,969 $8,793 $18,642
2009 $4,053 $8,662 $6,938 $17,389
2008 $4,195 $8,663 $8,124 $17,278
2007 $3,479 $8,112 $6,449 $16,581
2006 $3,244 $7,885 $5,030 $14,966
2005 $2,909 $7,457 $3,577 $13,226
2004 $2,586 $6,980 $2,722 $11,777
2003 $2,316 $6,475 $1,958 $10,532
2002 $2,059 $6,282 $1,574 $9,504
2001 $1,791 $5,999 $1,422 $8,568
2000 $1,382 $5,728 $1,180 $7,418
1999 $1,575 $5,638 $1,092 $6,626
1998 $2,284 $5,940 $1,415 $6,284
1997 $2,341 $5,793 $1,382 $6,178
1996 $2,136 $5,560 $1,281 $5,836
1995 $2,108 $5,469 $1,218 $5,595
1994 $1,997 $5,339 $1,247 $5,860
1993 $1,698 $5,112 $1,355 $6,477
1992 $1,655 $4,998 $1,438 $6,945
1991 $1,587 $4,887 $1,442 $7,193
1990 $1,455 $4,632 $1,570 $7,874
1989 $1,356 - - -
1988 $1,304 - - -
1987 $1,426 - - -
1986 $1,604 - - -
1985 $1,842 - - -
1984 $1,864 - - -
1983 $1,940 - - -
1982 $2,314 - - -
1981 $2,601 - - -
1980 $2,190 - - -
1979 $1,783 - - -
1978 $1,541 - - -
1977 $1,465 - - -
1976 $1,242 - - -
1975 $1,086 - - -
1974 $954 - - -
1973 $579 - - -
1972 $488 - - -
1971 $434 - - -
1970 $465 - - -
1969 $521 - - -
1968 $445 - - -
1967 $454 - - -
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/kazakhstan | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Ecuador Kazakhstan
Gross domestic product
$130B
2025
$306B
2025
GDP rank
64/197
2025
49/197
2025
GDP growth
3.73%
2024-2025
6.5%
2024-2025
GDP per capita
$7,125
2025
$14,692
2025
GDP per capita rank
102/197
2025
73/197
2025
GDP per capita, PPP
$15,840
2024
$40,891
2024
GDP per capita PPP rank
110/197
2024
58/197
2024
Government debt
$70.9B
2025
$75.2B
2025
Debt-to-GDP ratio
54.4%
2025
24.6%
2025
Government debt per person
$3,877
2025
$3,609
2025
Government debt per person rank
94/185
2025
96/185
2025
Average annual personal income after taxes
$6,605
2026
$8,395
2026
Market capitalization of domestic companies
$747M
2000
$158B
2025
Number of millionaires n/a
44,307
2024
Number of billionaires n/a
6
2026
Income share by richest 10%
35.1%
2025
24.8%
2021
Income share by poorest 10%
1.7%
2025
4.3%
2021
Government expenditure, % of GDP
38.4%
2025
21.8%
2025
Consumer prices inflation
0.71%
2024-2025
11.4%
2024-2025
Central bank interest rate n/a
17%
2026
Unemployment rate
3.23%
2025
4.9%
2022
Population
18524711
21211812

Spending and national debt comparison by year

Ecuador
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Ecuador Kazakhstan
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 21.8% 24.6%
2024 38.3% 54.1% 22.7% 24.4%
2023 39.6% 54.5% 23.4% 23%
2022 38.9% 57.2% 21.7% 23.5%
2021 37.5% 61.8% 22.1% 25.1%
2020 40.2% 63.6% 24.5% 26.4%
2019 39.8% 52.1% 20.2% 19.9%
2018 40.9% 49.5% 18.8% 20.3%
2017 40.5% 47.4% 24.1% 19.9%
2016 44.1% 46.1% 21.5% 19.7%
2015 44.1% 36.4% 22.9% 21.9%
2014 45.9% 28.2% 21.3% 14.5%
2013 46.7% 23.4% 19.8% 12.6%
2012 43.2% 19.3% 21.9% 12.1%
2011 39.6% 18.6% 21.2% 10.2%
2010 35.4% 18.4% 22.5% 10.7%
2009 34.3% 19.7% 23.5% 10.2%
2008 35.6% 24.9% 27.1% 6.77%
2007 24.7% 29.6% 23.7% 4.09%
2006 21.7% 33.1% 19.8% 6.68%
2005 22% 35.8% 22% 8.1%
2004 21.3% 40.2% 21.3% 11.4%
2003 21.3% 47.2% 21.4% 15%
2002 22.8% 55% 20.5% 17.6%
2001 21.4% 63.8% - -
2000 24.3% 92.2% - -
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/kazakhstan | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 24.6% in Kazakhstan, ranking 92/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Ecuador Kazakhstan
2025 -2.88% -3.11%
2024 -1.28% -3.43%
2023 -3.49% -1.41%
2022 0.04% 0.11%
2021 -1.59% -4.97%
2020 -7.38% -7.04%
2019 -3.47% -0.57%
2018 -2.8% 2.58%
2017 -5.77% -4.27%
2016 -10.3% -4.5%
2015 -6.87% -6.26%
2014 -8.11% 2.48%
2013 -8.17% 4.95%
2012 -2.83% 4.43%
2011 -0.13% 5.81%
2010 -1.39% 1.47%
2009 -3.71% -1.33%
2008 0.57% 1.23%
2007 2.66% 5.13%
2006 2.92% 7.65%
2005 0.66% 6.08%
2004 1.94% 3.29%
2003 1.05% 4%
2002 0.74% 1.92%
2001 0.03% -
2000 -0.32% -
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/kazakhstan | 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 Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Ecuador recorded a fiscal deficit in 16 of those years, while Kazakhstan ran a deficit in 10 years. On average, Ecuador posted an annual deficit equal to 2.48% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Ecuador

Kazakhstan
1x
Year Consumer prices inflation
Ecuador Kazakhstan
2025 0.71% 11.4%
2024 1.55% 8.7%
2023 2.22% 14.5%
2022 3.47% 15%
2021 0.13% 8%
2020 -0.34% 6.8%
2019 0.27% 5.3%
2018 -0.22% 6%
2017 0.42% 7.5%
2016 1.73% 14.6%
2015 3.97% 6.8%
2014 3.59% 6.6%
2013 2.72% 5.8%
2012 5.1% 5.1%
2011 4.47% 8.4%
2010 3.55% 7.1%
2009 5.16% 7.3%
2008 8.4% 17.2%
2007 2.28% 10.8%
2006 3.3% 8.6%
2005 2.17% 7.4%
2004 2.74% 7%
2003 7.93% 6.4%
2002 12.5% 6%
2001 37.7% 8.4%
2000 96.1% 13.2%
1999 52.2% 8.3%
1998 36.1% 7.1%
1997 30.7% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 9.06% in Kazakhstan. In 2025, inflation was 0.71% in Ecuador and 11.4% in Kazakhstan.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $138M
Machinery & equipment $742K
Chemicals & pharma $59K
Textiles & consumer goods $57K
Metals $2K
Kazakhstan
Export category Export value
Machinery & equipment $70K
Raw materials & minerals $60K
Metals $38K
Miscellaneous $9K
Chemicals & pharma $5K

Balance of trade

Ecuador Kazakhstan
Current account balance
$7.7B
2025
-$12.5B
2025
Current account balance ranking
28/190
2025
177/190
2025
Current account balance, % of GDP
+5.91%
2025
-4.07%
2025
Goods imports
$31.1B
2025
$66.3B
2025
Goods exports
$37.4B
2025
$77.3B
2025
Service imports
$6.22B
2025
$14B
2025
Service exports
$4.14B
2025
$12.8B
2025
Imports of goods and services, % of GDP
27.9%
2025
25.6%
2024
Exports of goods and services, % of GDP
31.4%
2025
31.6%
2024

Economic freedom indices

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

Ecuador Kazakhstan
Economic freedom 55.6 64.2
Economic freedom ranking 127/197 75/197
Property rights 33.2 54.9
Government integrity 33 40.7
Judicial effectiveness 48.1 33.8
Tax burden 74.2 91.2
Government spending 54.9 85.6
Fiscal health 90.3 97.2
Business freedom 64.3 64.9
Labor freedom 56.9 63.5
Monetary freedom 76.3 64.3
Trade freedom 66.4 74.4
Investment freedom 30 50
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Kazakhstan
1x
Year Economic freedom index
Ecuador Kazakhstan
2026 55.6 64.2
2025 55.8 63.8
2024 55 62
2023 55 62.1
2022 54.3 64.4
2021 52.4 71.1
2020 51.3 69.6
2019 46.9 65.4
2018 48.5 69.1
2017 49.3 69
2016 48.6 63.6
2015 49.2 63.3
2014 48 63.7
2013 46.9 63
2012 48.3 63.6
2011 47.1 62.1
2010 49.3 61
2009 52.5 60.1
2008 55.2 61.1
2007 55.3 59.6
2006 54.6 60.2
2005 52.9 53.9
2004 54.4 49.7
2003 54.1 52.3
2002 53.1 52.4
2001 55.1 51.8
2000 59.8 50.4
1999 62.9 47.3
1998 62.8 41.7
1997 61 -
1996 60.1 -
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Kazakhstan
Services, % of GDP
57%
2025
57.7%
2025
Industry, % of GDP
25.7%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
3.74%
2025
GNI, Atlas method
$126B
2025
$286B
2025
GNI per capita, PPP
$16,290
2025
$41,090
2025
Total reserves including gold
$9.8B
2025
$66.1B
2025
Total reserves ranking
79/177
2025
40/177
2025
Net foreign direct investment
-$1.3B
2025
$1.38B
2025
Net inflows of foreign direct investment
$446M
2024
$2.09B
2024
Net outflows of foreign direct investment
$0
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
17.3%
2024
Poverty at national poverty lines
21.4%
2025
5%
2024
Gross capital formation, % of GDP
20.9%
2025
27.2%
2024

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/kazakhstan | 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. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, 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.