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Economy of Ecuador vs Laos compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $18.3B for Laos, ranking 64/197 and 138/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $14.8B (80.6% of GDP) in Laos.

Ecuador vs Laos GDP by year

Ecuador
Laos
1x
Year GDP, current $
Ecuador Laos
2025 $130,320,560,400 $18,302,970,219
2024 $123,802,374,000 $16,502,933,121
2023 $120,792,801,000 $15,843,155,731
2022 $116,133,121,000 $15,468,785,204
2021 $107,179,074,000 $18,827,148,531
2020 $95,865,473,000 $18,981,805,250
2019 $107,595,830,000 $18,740,561,513
2018 $107,478,961,000 $18,141,641,090
2017 $104,467,486,000 $17,071,155,481
2016 $97,671,433,000 $15,912,501,723
2015 $97,209,558,000 $14,426,380,126
2014 $102,717,794,000 $13,279,245,886
2013 $96,570,334,000 $11,983,252,627
2012 $87,735,048,000 $10,192,846,339
2011 $78,986,648,000 $8,750,104,617
2010 $68,151,329,000 $7,131,771,015
2009 $60,094,978,000 $5,836,137,330
2008 $61,139,438,000 $5,446,433,157
2007 $49,848,725,000 $4,223,152,739
2006 $45,690,762,000 $3,455,030,061
2005 $40,278,849,000 $2,735,558,735
2004 $35,194,947,000 $2,366,398,120
2003 $30,965,208,000 $2,023,324,407
2002 $27,054,197,000 $1,758,176,653
2001 $23,127,055,000 $1,768,619,058
2000 $17,539,454,727 $1,731,198,022
1999 $19,645,272,636 $1,454,430,642
1998 $27,981,896,948 $1,280,177,839
1997 $28,162,053,027 $1,747,011,857
1996 $25,226,393,197 $1,873,671,550
1995 $24,432,884,442 $1,763,536,305
1994 $22,708,673,337 $1,543,606,345
1993 $18,938,717,359 $1,327,748,690
1992 $18,094,238,119 $1,127,806,945
1991 $16,988,535,268 $1,028,087,972
1990 $15,239,272,612 $865,559,879
1989 $13,890,823,705 $714,046,821
1988 $13,051,881,851 $598,961,269
1987 $13,945,426,859 $1,087,273,104
1986 $15,314,138,472 $1,776,842,097
1985 $17,149,088,413 $2,366,666,616
1984 $16,912,509,092 $1,757,142,856
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/laos | CC BY

GDP per capita in Ecuador vs Laos by year

Ecuador
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $2,325 -
2024 $6,827 $15,840 $2,124 $9,776
2023 $6,718 $15,919 $2,067 $9,292
2022 $6,516 $15,198 $2,046 $8,766
2021 $6,061 $13,507 $2,526 $8,080
2020 $5,464 $11,527 $2,584 $7,913
2019 $6,205 $12,543 $2,589 $7,743
2018 $6,304 $12,187 $2,545 $7,487
2017 $6,233 $11,793 $2,432 $7,142
2016 $5,918 $10,881 $2,303 $6,743
2015 $5,976 $10,878 $2,121 $6,086
2014 $6,406 $11,836 $1,981 $5,799
2013 $6,109 $11,296 $1,813 $5,222
2012 $5,634 $10,245 $1,564 $4,781
2011 $5,154 $9,769 $1,362 $4,100
2010 $4,520 $8,969 $1,126 $3,772
2009 $4,053 $8,662 $935 $3,485
2008 $4,195 $8,663 $886 $3,271
2007 $3,479 $8,112 $697 $3,021
2006 $3,244 $7,885 $579 $2,777
2005 $2,909 $7,457 $466 $2,519
2004 $2,586 $6,980 $409 $2,315
2003 $2,316 $6,475 $355 $2,151
2002 $2,059 $6,282 $313 $2,020
2001 $1,791 $5,999 $320 $1,908
2000 $1,382 $5,728 $319 $1,794
1999 $1,575 $5,638 $272.3 $1,686
1998 $2,284 $5,940 $243.9 $1,577
1997 $2,341 $5,793 $339 $1,528
1996 $2,136 $5,560 $371 $1,435
1995 $2,108 $5,469 $358 $1,349
1994 $1,997 $5,339 $321 $1,265
1993 $1,698 $5,112 $283.4 $1,176
1992 $1,655 $4,998 $247.3 $1,114
1991 $1,587 $4,887 $231.8 $1,061
1990 $1,455 $4,632 $200.7 $1,012
1989 $1,356 - $170.4 -
1988 $1,304 - $147.1 -
1987 $1,426 - $274.7 -
1986 $1,604 - $462 -
1985 $1,842 - $633 -
1984 $1,864 - $483 -
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/laos | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $2,325 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Laos ranks 134th at $9,776.

Economic indicators

Ecuador Laos
Gross domestic product
$130B
2025
$18.3B
2025
GDP rank
64/197
2025
138/197
2025
GDP growth
3.73%
2024-2025
4.54%
2024-2025
GDP per capita
$7,125
2025
$2,325
2025
GDP per capita rank
102/197
2025
155/197
2025
GDP per capita, PPP
$15,840
2024
$9,776
2024
GDP per capita PPP rank
110/197
2024
134/197
2024
Government debt
$70.9B
2025
$14.8B
2025
Debt-to-GDP ratio
54.4%
2025
80.6%
2025
Government debt per person
$3,877
2025
$1,874
2025
Government debt per person rank
94/185
2025
120/185
2025
Average annual personal income after taxes
$6,605
2026
$2,426
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
28.5%
2024
Income share by poorest 10%
1.7%
2025
3.3%
2024
Government expenditure, % of GDP
38.4%
2025
17.9%
2025
Consumer prices inflation
0.71%
2024-2025
7.7%
2024-2025
Unemployment rate
3.23%
2025
1.21%
2022
Population
18524711
8027464

Spending and national debt comparison by year

Ecuador
Spending

Debt
Laos
Spending

Debt
1x
Year % of GDP
Ecuador Laos
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 17.9% 80.6%
2024 38.3% 54.1% 15.8% 94.7%
2023 39.6% 54.5% 16.5% 108.9%
2022 38.9% 57.2% 14.7% 115.7%
2021 37.5% 61.8% 15.7% 92.2%
2020 40.2% 63.6% 18.4% 75.4%
2019 39.8% 52.1% 18.6% 69.1%
2018 40.9% 49.5% 20.7% 60.6%
2017 40.5% 47.4% 21.8% 57.2%
2016 44.1% 46.1% 21.1% 54.5%
2015 44.1% 36.4% 25.8% 53.1%
2014 45.9% 28.2% 25% 53.5%
2013 46.7% 23.4% 24.2% 49.5%
2012 43.2% 19.3% 24.7% 46.1%
2011 39.6% 18.6% 20.2% 43%
2010 35.4% 18.4% 22.4% 49.3%
2009 34.3% 19.7% 20.1% 51.8%
2008 35.6% 24.9% 16.1% 51.7%
2007 24.7% 29.6% 15.1% 55.9%
2006 21.7% 33.1% 14.7% 60%
2005 22% 35.8% 15.3% 73.2%
2004 21.3% 40.2% 13.6% 80.7%
2003 21.3% 47.2% 16% 90.1%
2002 22.8% 55% 16.6% 95.3%
2001 21.4% 63.8% 18.8% 94.7%
2000 24.3% 92.2% 19.9% -
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/laos | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Laos spent $3.28B, or 17.9% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 80.6% in Laos, ranking 92/185 and 41/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Laos
1x
Year Deficit/surplus, % of GDP
Ecuador Laos
2025 -2.88% 1.64%
2024 -1.28% 2.36%
2023 -3.49% -0.01%
2022 0.04% 0.06%
2021 -1.59% -0.67%
2020 -7.38% -5.37%
2019 -3.47% -3.2%
2018 -2.8% -4.46%
2017 -5.77% -5.51%
2016 -10.3% -5.06%
2015 -6.87% -5.57%
2014 -8.11% -3.13%
2013 -8.17% -4.03%
2012 -2.83% -2.34%
2011 -0.13% -1.43%
2010 -1.39% -1.47%
2009 -3.71% -3.1%
2008 0.57% -1.86%
2007 2.66% -1.12%
2006 2.92% -1.48%
2005 0.66% -2.54%
2004 1.94% -1.81%
2003 1.05% -3.89%
2002 0.74% -2.85%
2001 0.03% -3.68%
2000 -0.32% -3.58%
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/laos | 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 Laos' surplus of $300M, or 1.64% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while Laos ran a deficit in 23 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to deficit of 2.47% of GDP for Laos.

Inflation comparison by year

Inflation
Ecuador

Laos
1x
Year Consumer prices inflation
Ecuador Laos
2025 0.71% 7.7%
2024 1.55% 23.1%
2023 2.22% 31.2%
2022 3.47% 23%
2021 0.13% 3.8%
2020 -0.34% 5.1%
2019 0.27% 3.3%
2018 -0.22% 2%
2017 0.42% 0.8%
2016 1.73% 1.6%
2015 3.97% 1.3%
2014 3.59% 4.1%
2013 2.72% 6.4%
2012 5.1% 4.3%
2011 4.47% 7.6%
2010 3.55% 6%
2009 5.16% 0.1%
2008 8.4% 7.6%
2007 2.28% 4.7%
2006 3.3% 6.5%
2005 2.17% 7.2%
2004 2.74% 10.5%
2003 7.93% 15.5%
2002 12.5% 10.6%
2001 37.7% 7.8%
2000 96.1% 8.4%
1999 52.2% 128.4%
1998 36.1% 90.1%
1997 30.7% 19.5%

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/laos | CC BY

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 15.5% in Laos. In 2025, inflation was 0.71% in Ecuador and 7.7% in Laos.

Top exports between countries

Ecuador
Export category Export value
Machinery & equipment $8K
Laos
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Ecuador Laos
Current account balance
$7.7B
2025
$531M
2024
Current account balance ranking
28/190
2025
58/190
2024
Current account balance, % of GDP
+5.91%
2025
+3.22%
2024
Goods imports
$31.1B
2025
$8.66B
2024
Goods exports
$37.4B
2025
$9.39B
2024
Service imports
$6.22B
2025
$1.27B
2024
Service exports
$4.14B
2025
$1.73B
2024
Imports of goods and services, % of GDP
27.9%
2025
41.9%
2016
Exports of goods and services, % of GDP
31.4%
2025
33.2%
2016

Economic freedom indices

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

Ecuador Laos
Economic freedom 55.6 50.9
Economic freedom ranking 127/197 157/197
Property rights 33.2 41.1
Government integrity 33 25.9
Judicial effectiveness 48.1 10.2
Tax burden 74.2 88.5
Government spending 54.9 92.7
Fiscal health 90.3 80
Business freedom 64.3 54.2
Labor freedom 56.9 40.7
Monetary freedom 76.3 53.3
Trade freedom 66.4 69
Investment freedom 30 35
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Laos
1x
Year Economic freedom index
Ecuador Laos
2026 55.6 50.9
2025 55.8 51.1
2024 55 50.6
2023 55 50.3
2022 54.3 49.2
2021 52.4 53.9
2020 51.3 55.5
2019 46.9 57.4
2018 48.5 53.6
2017 49.3 54
2016 48.6 49.8
2015 49.2 51.4
2014 48 51.2
2013 46.9 50.1
2012 48.3 50
2011 47.1 51.3
2010 49.3 51.1
2009 52.5 50.4
2008 55.2 50.3
2007 55.3 50.3
2006 54.6 47.5
2005 52.9 44.4
2004 54.4 42
2003 54.1 41
2002 53.1 36.8
2001 55.1 33.5
2000 59.8 36.8
1999 62.9 35.2
1998 62.8 35.2
1997 61 35.1
1996 60.1 38.5
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 50.9 for Laos, ranking 157/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Laos
Services, % of GDP
57%
2025
43.6%
2025
Industry, % of GDP
25.7%
2025
29.2%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
16.6%
2025
GNI, Atlas method
$126B
2025
$16.9B
2025
GNI per capita, PPP
$16,290
2025
$9,800
2025
Total reserves including gold
$9.8B
2025
$2.21B
2024
Total reserves ranking
79/177
2025
125/177
2024
Net foreign direct investment
-$1.3B
2025
-$988M
2024
Net inflows of foreign direct investment
$446M
2024
$988M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
13.8%
2024
Poverty at national poverty lines
21.4%
2025
15%
2024
Gross capital formation, % of GDP
20.9%
2025
29%
2016

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/laos | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08)
  6. TradeMap (2020–2023, 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.