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Economy of Ecuador vs Kenya compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $136B for Kenya, ranking 64/197 and 62/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $94.3B (69.3% of GDP) in Kenya.

Ecuador vs Kenya GDP by year

Ecuador
Kenya
1x
Year GDP, current $
Ecuador Kenya
2025 $130,320,560,400 $135,941,278,879
2024 $123,802,374,000 $120,397,537,850
2023 $120,792,801,000 $107,500,884,685
2022 $116,133,121,000 $114,448,978,153
2021 $107,179,074,000 $109,703,658,905
2020 $95,865,473,000 $100,657,505,751
2019 $107,595,830,000 $100,378,436,207
2018 $107,478,961,000 $92,202,979,985
2017 $104,467,486,000 $82,036,510,877
2016 $97,671,433,000 $74,815,144,164
2015 $97,209,558,000 $70,120,446,897
2014 $102,717,794,000 $68,285,796,514
2013 $96,570,334,000 $61,671,440,408
2012 $87,735,048,000 $56,396,704,672
2011 $78,986,648,000 $46,869,473,151
2010 $68,151,329,000 $45,405,615,064
2009 $60,094,978,000 $42,347,217,913
2008 $61,139,438,000 $35,895,153,328
2007 $49,848,725,000 $31,958,195,182
2006 $45,690,762,000 $25,825,512,284
2005 $40,278,849,000 $18,737,895,513
2004 $35,194,947,000 $16,095,337,094
2003 $30,965,208,000 $14,904,517,650
2002 $27,054,197,000 $13,147,736,899
2001 $23,127,055,000 $12,986,007,426
2000 $17,539,454,727 $12,705,350,098
1999 $19,645,272,636 $12,896,010,459
1998 $27,981,896,948 $14,093,998,844
1997 $28,162,053,027 $13,115,764,358
1996 $25,226,393,197 $12,045,865,396
1995 $24,432,884,442 $9,046,320,255
1994 $22,708,673,337 $7,148,148,564
1993 $18,938,717,359 $5,751,786,643
1992 $18,094,238,119 $8,209,120,763
1991 $16,988,535,268 $8,151,488,783
1990 $15,239,272,612 $8,572,359,038
1989 $13,890,823,705 $8,283,114,514
1988 $13,051,881,851 $8,355,380,879
1987 $13,945,426,859 $7,970,820,369
1986 $15,314,138,472 $7,239,126,568
1985 $17,149,088,413 $6,135,034,214
1984 $16,912,509,092 $6,191,437,070
1983 $17,152,477,037 $5,979,198,314
1982 $19,929,846,396 $6,431,579,357
1981 $21,810,759,354 $6,854,491,706
1980 $17,881,508,242 $7,265,315,820
1979 $14,175,160,902 $6,234,391,113
1978 $11,922,497,876 $5,303,735,111
1977 $11,026,342,618 $4,494,378,764
1976 $9,091,921,030 $3,474,542,392
1975 $7,731,674,472 $3,259,345,083
1974 $6,599,257,044 $2,969,958,812
1973 $3,891,754,150 $2,509,001,324
1972 $3,185,986,087 $2,107,279,157
1971 $2,754,219,271 $1,778,391,289
1970 $2,862,503,139 $1,603,447,359
1969 $3,112,165,727 $1,458,379,417
1968 $2,582,179,864 $1,353,295,459
1967 $2,553,595,172 $1,232,559,507
1966 $2,429,308,639 $1,164,519,674
1965 $2,387,047,396 $997,919,321
1964 $2,244,146,103 $998,759,334
1963 $1,824,343,871 $926,589,349
1962 $1,518,207,703 $868,111,401
1961 $1,753,850,955 $792,959,473
1960 $2,069,464,937 $791,265,459

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

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

GDP per capita in Ecuador vs Kenya by year

Ecuador
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $2,363 -
2024 $6,827 $15,840 $2,133 $6,644
2023 $6,718 $15,919 $1,943 $6,317
2022 $6,516 $15,198 $2,110 $5,883
2021 $6,061 $13,507 $2,061 $5,339
2020 $5,464 $11,527 $1,928 $4,793
2019 $6,205 $12,543 $1,960 $4,687
2018 $6,304 $12,187 $1,836 $4,412
2017 $6,233 $11,793 $1,667 $4,177
2016 $5,918 $10,881 $1,554 $3,917
2015 $5,976 $10,878 $1,489 $3,678
2014 $6,406 $11,836 $1,483 $3,359
2013 $6,109 $11,296 $1,371 $3,106
2012 $5,634 $10,245 $1,285 $2,847
2011 $5,154 $9,769 $1,096 $2,750
2010 $4,520 $8,969 $1,092 $2,635
2009 $4,053 $8,662 $1,048 $2,480
2008 $4,195 $8,663 $916 $2,459
2007 $3,479 $8,112 $840 $2,481
2006 $3,244 $7,885 $700 $2,330
2005 $2,909 $7,457 $523 $2,189
2004 $2,586 $6,980 $464 $2,066
2003 $2,316 $6,475 $443 $1,975
2002 $2,059 $6,282 $403 $1,940
2001 $1,791 $5,999 $411 $1,961
2000 $1,382 $5,728 $415 $1,907
1999 $1,575 $5,638 $434 $1,910
1998 $2,284 $5,940 $488 $1,895
1997 $2,341 $5,793 $467 $1,865
1996 $2,136 $5,560 $441 $1,875
1995 $2,108 $5,469 $340 $1,818
1994 $1,997 $5,339 $276.4 $1,754
1993 $1,698 $5,112 $229 $1,723
1992 $1,655 $4,998 $337 $1,728
1991 $1,587 $4,887 $345 $1,756
1990 $1,455 $4,632 $374 $1,729
1989 $1,356 - $374 -
1988 $1,304 - $391 -
1987 $1,426 - $387 -
1986 $1,604 - $364 -
1985 $1,842 - $320 -
1984 $1,864 - $334 -
1983 $1,940 - $335 -
1982 $2,314 - $374 -
1981 $2,601 - $413 -
1980 $2,190 - $454 -
1979 $1,783 - $403 -
1978 $1,541 - $355 -
1977 $1,465 - $311 -
1976 $1,242 - $248.9 -
1975 $1,086 - $241.2 -
1974 $954 - $227.2 -
1973 $579 - $198.6 -
1972 $488 - $172.6 -
1971 $434 - $150.9 -
1970 $465 - $141 -
1969 $521 - $133.3 -
1968 $445 - $128.7 -
1967 $454 - $121.9 -
1966 $445 - $119.8 -
1965 $450 - $106.9 -
1964 $436 - $111.3 -
1963 $365 - $107.4 -
1962 $312 - $104.6 -
1961 $371 - $99.3 -
1960 $451 - $102.8 -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $2,363 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Kenya ranks 149th at $6,644.

Economic indicators

Ecuador Kenya
Gross domestic product
$130B
2025
$136B
2025
GDP rank
64/197
2025
62/197
2025
GDP growth
3.73%
2024-2025
4.63%
2024-2025
GDP per capita
$7,125
2025
$2,363
2025
GDP per capita rank
102/197
2025
154/197
2025
GDP per capita, PPP
$15,840
2024
$6,644
2024
GDP per capita PPP rank
110/197
2024
149/197
2024
Government debt
$70.9B
2025
$94.3B
2025
Debt-to-GDP ratio
54.4%
2025
69.3%
2025
Government debt per person
$3,877
2025
$1,638
2025
Government debt per person rank
94/185
2025
126/185
2025
Average annual personal income after taxes
$6,605
2026
$2,538
2026
Market capitalization of domestic companies
$747M
2000
$22.8B
2025
Income share by richest 10%
35.1%
2025
30.9%
2022
Income share by poorest 10%
1.7%
2025
2.9%
2022
Government expenditure, % of GDP
38.4%
2025
24%
2025
Consumer prices inflation
0.71%
2024-2025
4.07%
2024-2025
Central bank interest rate n/a
8.75%
2026
Unemployment rate
3.23%
2025
5.44%
2022
Population
18524711
59218766

Spending and national debt comparison by year

Ecuador
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Ecuador Kenya
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 24% 69.3%
2024 38.3% 54.1% 23.2% 67.3%
2023 39.6% 54.5% 22.6% 73.4%
2022 38.9% 57.2% 23.1% 67.8%
2021 37.5% 61.8% 24% 68.2%
2020 40.2% 63.6% 24.8% 68%
2019 39.8% 52.1% 24.4% 59.1%
2018 40.9% 49.5% 24.5% 56.4%
2017 40.5% 47.4% 25.2% 53.9%
2016 44.1% 46.1% 25.3% 50.4%
2015 44.1% 36.4% 23.8% 45.8%
2014 45.9% 28.2% 23.4% 41.3%
2013 46.7% 23.4% 23.2% 39.8%
2012 43.2% 19.3% 22.1% 37.6%
2011 39.6% 18.6% 20.1% 35.7%
2010 35.4% 18.4% 21.5% 36.7%
2009 34.3% 19.7% 20.3% 36%
2008 35.6% 24.9% 18.9% 34.3%
2007 24.7% 29.6% 18.1% 34.2%
2006 21.7% 33.1% 17.3% 37.1%
2005 22% 35.8% 16.2% 37.4%
2004 21.3% 40.2% 15.4% 40.8%
2003 21.3% 47.2% 16% 43.8%
2002 22.8% 55% 15.7% 42%
2001 21.4% 63.8% 14.9% 41.3%
2000 24.3% 92.2% 14.1% 43.1%
1999 24.1% 105.2% 13.7% 38.4%
1998 21.5% 70.3% 15.3% 38.5%
1997 22% 61.5% 15.6% 36%
1996 22.7% 69.3% 15.2% 40.5%
1995 22% 70.5% 17.3% 52.1%
1994 - - 18.8% 57%
1993 - - 18.9% 61.6%
1992 - - 17.6% 41.2%
1991 - - 16.4% 43%
1990 - - 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Kenya spent $32.6B, or 24% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 69.3% in Kenya, ranking 92/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Kenya
1x
Year Deficit/surplus, % of GDP
Ecuador Kenya
2025 -2.88% -6.41%
2024 -1.28% -5.74%
2023 -3.49% -5.61%
2022 0.04% -6.01%
2021 -1.59% -7.2%
2020 -7.38% -8.13%
2019 -3.47% -7.4%
2018 -2.8% -6.91%
2017 -5.77% -7.37%
2016 -10.3% -7.45%
2015 -6.87% -6.68%
2014 -8.11% -5.75%
2013 -8.17% -5.25%
2012 -2.83% -5.29%
2011 -0.13% -3.64%
2010 -1.39% -3.67%
2009 -3.71% -3.12%
2008 0.57% -1.95%
2007 2.66% -0.95%
2006 2.92% -0.43%
2005 0.66% -0.19%
2004 1.94% 0.5%
2003 1.05% -0.73%
2002 0.74% -1.29%
2001 0.03% -0.53%
2000 -0.32% 0.38%
1999 -4.82% 0.84%
1998 -5.1% -0.03%
1997 -2.83% -0.91%
1996 -3.44% -0.49%
1995 -2.02% -0.23%
1994 - -4.14%
1993 - -8.57%
1992 - -8.28%
1991 - -6.56%
1990 - -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/kenya | 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 Kenya's deficit of $8.72B, or 6.41% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Kenya ran a deficit in 28 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 3.47% of GDP for Kenya.

Inflation comparison by year

Inflation
Ecuador

Kenya
1x
Year Consumer prices inflation
Ecuador Kenya
2025 0.71% 4.07%
2024 1.55% 4.49%
2023 2.22% 7.67%
2022 3.47% 7.66%
2021 0.13% 6.11%
2020 -0.34% 5.41%
2019 0.27% 5.24%
2018 -0.22% 4.69%
2017 0.42% 8.01%
2016 1.73% 6.3%
2015 3.97% 6.58%
2014 3.59% 6.88%
2013 2.72% 5.72%
2012 5.1% 9.38%
2011 4.47% 14%
2010 3.55% 3.96%
2009 5.16% 9.23%
2008 8.4% 26.2%
2007 2.28% 9.76%
2006 3.3% 14.5%
2005 2.17% 10.3%
2004 2.74% 11.6%
2003 7.93% 9.82%
2002 12.5% 1.96%
2001 37.7% 5.74%
2000 96.1% 9.98%
1999 52.2% 5.74%
1998 36.1% 6.72%
1997 30.7% 11.4%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 8.25% in Kenya. In 2025, inflation was 0.71% in Ecuador and 4.07% in Kenya.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $1.93M
Machinery & equipment $220K
Animal & marine products $82K
Raw agricultural goods $36K
Miscellaneous $3K
Kenya
Export category Export value
Raw agricultural goods $341K
Chemicals & pharma $67K
Machinery & equipment $18K
Wood & paper products $6K
Animal & marine products $1K
Textiles & consumer goods $1K

Balance of trade

Ecuador Kenya
Current account balance
$7.7B
2025
-$1.55B
2024
Current account balance ranking
28/190
2025
130/190
2024
Current account balance, % of GDP
+5.91%
2025
-1.29%
2024
Goods imports
$31.1B
2025
$22.2B
2024
Goods exports
$37.4B
2025
$12.5B
2024
Service imports
$6.22B
2025
$5.64B
2024
Service exports
$4.14B
2025
$8.04B
2024
Imports of goods and services, % of GDP
27.9%
2025
21.8%
2025
Exports of goods and services, % of GDP
31.4%
2025
15.8%
2025

Economic freedom indices

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

Ecuador Kenya
Economic freedom 55.6 55.5
Economic freedom ranking 127/197 128/197
Property rights 33.2 40.2
Government integrity 33 32.7
Judicial effectiveness 48.1 47
Tax burden 74.2 76.3
Government spending 54.9 84.1
Fiscal health 90.3 36.2
Business freedom 64.3 61.5
Labor freedom 56.9 56.5
Monetary freedom 76.3 75.1
Trade freedom 66.4 52
Investment freedom 30 55
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Kenya
1x
Year Economic freedom index
Ecuador Kenya
2026 55.6 55.5
2025 55.8 54.8
2024 55 53.6
2023 55 52.5
2022 54.3 52.6
2021 52.4 54.9
2020 51.3 55.3
2019 46.9 55.1
2018 48.5 54.7
2017 49.3 53.5
2016 48.6 57.5
2015 49.2 55.6
2014 48 57.1
2013 46.9 55.9
2012 48.3 57.5
2011 47.1 57.4
2010 49.3 57.5
2009 52.5 58.7
2008 55.2 59.3
2007 55.3 59.6
2006 54.6 59.7
2005 52.9 57.9
2004 54.4 57.7
2003 54.1 58.6
2002 53.1 58.2
2001 55.1 57.6
2000 59.8 59.7
1999 62.9 58.2
1998 62.8 58.4
1997 61 60.1
1996 60.1 56.4
1995 57.7 54.5

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Kenya
Services, % of GDP
57%
2025
55.1%
2025
Industry, % of GDP
25.7%
2025
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
23.2%
2025
GNI, Atlas method
$126B
2025
$127B
2025
GNI per capita, PPP
$16,290
2025
$6,910
2025
Total reserves including gold
$9.8B
2025
$12.4B
2025
Total reserves ranking
79/177
2025
76/177
2025
Net foreign direct investment
-$1.3B
2025
-$45.8M
2024
Net inflows of foreign direct investment
$446M
2024
$463M
2024
Net outflows of foreign direct investment
$0
2024
$418M
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
4.82%
2024
Poverty at national poverty lines
21.4%
2025
39.8%
2022
Gross capital formation, % of GDP
20.9%
2025
17%
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/kenya | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–2000, 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)

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.