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Economy of Ecuador vs Lebanon compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $20.1B for Lebanon, ranking 62/197 and 128/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Ecuador vs Lebanon GDP by year

Ecuador
Lebanon
1x
Year GDP, current $
Ecuador Lebanon
2024 $124,676,074,700 -
2023 $121,147,057,000 $20,078,620,357
2022 $116,133,121,000 $20,992,421,949
2021 $107,179,074,000 $23,131,941,557
2020 $95,865,473,000 $31,712,128,254
2019 $107,595,830,000 $51,605,959,131
2018 $107,478,961,000 $54,901,519,156
2017 $104,467,486,000 $53,027,680,686
2016 $97,671,433,000 $51,147,308,774
2015 $97,209,558,000 $49,929,337,837
2014 $102,717,794,000 $48,095,213,747
2013 $96,570,334,000 $46,880,103,081
2012 $87,735,048,000 $44,016,799,516
2011 $78,986,648,000 $39,927,125,962
2010 $68,151,329,000 $38,443,907,042
2009 $60,094,978,000 $35,399,582,929
2008 $61,139,438,000 $29,118,916,105
2007 $49,848,725,000 $24,827,355,015
2006 $45,690,762,000 $22,022,709,851
2005 $40,278,849,000 $21,497,336,499
2004 $35,194,947,000 $21,159,827,992
2003 $30,965,208,000 $20,082,918,740
2002 $27,054,197,000 $19,152,238,806
2001 $23,127,055,000 $17,649,751,244
2000 $17,539,454,727 $17,260,364,842
1999 $19,645,272,636 $17,391,056,369
1998 $27,981,896,948 $17,247,179,006
1997 $28,162,053,027 $15,751,867,489
1996 $25,226,393,197 $13,690,217,334
1995 $24,432,884,442 $11,718,795,529
1994 $22,708,673,337 $9,599,127,050
1993 $18,938,717,359 $7,941,744,492
1992 $18,094,238,119 $5,843,579,161
1991 $16,988,535,268 $4,690,415,093
1990 $15,239,272,612 $2,838,485,354
1989 $13,890,823,705 $2,717,998,688
1988 $13,051,881,851 $3,313,540,068
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Lebanon by year

Ecuador
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 - -
2023 $6,738 $15,919 $3,478 $12,575
2022 $6,516 $15,198 $3,654 $12,293
2021 $6,061 $13,507 $4,045 $11,600
2020 $5,464 $11,527 $5,561 $16,260
2019 $6,205 $12,543 $8,906 $21,710
2018 $6,304 $12,187 $9,175 $21,985
2017 $6,233 $11,793 $8,608 $20,964
2016 $5,918 $10,881 $8,089 $18,941
2015 $5,976 $10,878 $7,714 $17,046
2014 $6,406 $11,836 $7,578 $16,140
2013 $6,109 $11,296 $8,162 $16,316
2012 $5,634 $10,245 $8,407 $16,121
2011 $5,154 $9,769 $7,835 $14,975
2010 $4,520 $8,969 $7,626 $14,704
2009 $4,053 $8,662 $7,091 $13,586
2008 $4,195 $8,663 $5,912 $12,416
2007 $3,479 $8,112 $5,125 $11,356
2006 $3,244 $7,885 $4,635 $10,312
2005 $2,909 $7,457 $4,602 $10,020
2004 $2,586 $6,980 $4,601 $9,609
2003 $2,316 $6,475 $4,438 $8,914
2002 $2,059 $6,282 $4,291 $8,586
2001 $1,791 $5,999 $4,010 $8,289
2000 $1,382 $5,728 $3,987 $7,938
1999 $1,575 $5,638 $4,087 $7,793
1998 $2,284 $5,940 $4,125 $7,861
1997 $2,341 $5,793 $3,834 $7,632
1996 $2,136 $5,560 $3,393 $7,560
1995 $2,108 $5,469 $2,959 $6,796
1994 $1,997 $5,339 $2,468 $6,367
1993 $1,698 $5,112 $2,079 $5,871
1992 $1,655 $4,998 $1,559 $5,279
1991 $1,587 $4,887 $1,278 $4,527
1990 $1,455 $4,632 $790 $2,990
1989 $1,356 - $771 -
1988 $1,304 - $959 -
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 (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Lebanon ranks 123rd at $12,575.

Economic indicators

Ecuador Lebanon
Gross domestic product
$125B
2024
$20.1B
2023
GDP rank
62/197
2024
128/197
2023
GDP growth
-2%
2023-2024
-0.76%
2022-2023
GDP per capita
$6,875
2024
$3,478
2023
GDP per capita rank
103/197
2024
135/197
2023
GDP per capita, PPP
$15,840
2024
$12,575
2023
GDP per capita PPP rank
110/197
2024
123/197
2023
Government debt
$67B
2024
$38.7B
2023
Debt-to-GDP ratio
53.8%
2024
163.8%
2024
Government debt per person
$3,695
2024
$6,704
2023
Government debt per person rank
93/185
2024
70/185
2023
Average annual personal income after taxes
$5,894
2026
$3,560
2026
Market capitalization of domestic companies
$747M
2000
$10.6B
2021
Number of billionaires n/a
6
2025
Income share by richest 10%
33.4%
2024
25.1%
2022
Income share by poorest 10%
1.5%
2024
2.8%
2022
Government expenditure, % of GDP
38.1%
2024
16.5%
2024
Consumer prices inflation
1.55%
2023-2024
45.2%
2023-2024
Central bank interest rate n/a
20%
2023
Unemployment rate
3.39%
2024
11.3%
2019
Population
18487749
5906622

Spending and national debt comparison by year

Ecuador
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Ecuador Lebanon
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 16.5% 163.8%
2023 39.5% 54.3% 14.9% 192.8%
2022 38.9% 57.2% 13.4% 244.6%
2021 37.5% 61.8% 10.9% 358%
2020 40.2% 63.6% 23.2% 148.7%
2019 39.8% 52.1% 31.3% 172.1%
2018 40.9% 49.5% 32.3% 155.1%
2017 40.5% 47.4% 30.6% 150%
2016 44.1% 46.1% 28.3% 146.4%
2015 44.1% 36.4% 26.7% 140.8%
2014 45.9% 28.2% 28.8% 138.4%
2013 46.7% 23.4% 28.9% 135.4%
2012 43.2% 19.3% 30.2% 131.1%
2011 39.6% 18.6% 28.8% 134.4%
2010 35.4% 18.4% 29.2% 136.8%
2009 34.3% 19.7% 32.1% 144.5%
2008 35.6% 24.9% 34.3% 161.5%
2007 24.7% 29.6% 35.2% 169.3%
2006 21.7% 33.1% 36.1% 183.3%
2005 22% 35.8% 31.4% 178.9%
2004 21.3% 40.2% 33.3% 169.5%
2003 21.3% 47.2% 36.4% 171.3%
2002 22.8% 55% 36.8% 163.1%
2001 21.4% 63.8% 38.9% 163.1%
2000 24.3% 92.2% 42.8% 148.1%
1999 24.1% 105.2% 35.6% 130.2%
1998 21.5% 70.3% 34.7% 108.2%
1997 22% 61.5% 40.5% 100.2%
1996 22.7% 69.3% 43.6% 101.2%
1995 22% 70.5% 31.1% 79.6%
1994 - - 47.3% 71.5%
1993 - - 23% 50.5%
1992 - - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 163.8% in Lebanon, ranking 98/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Lebanon
1x
Year Deficit/surplus, % of GDP
Ecuador Lebanon
2024 -1.28% -0.19%
2023 -3.48% -1.7%
2022 0.04% -7.77%
2021 -1.59% -2.67%
2020 -7.38% -7.37%
2019 -3.47% -10.5%
2018 -2.8% -11.3%
2017 -5.77% -8.65%
2016 -10.3% -8.88%
2015 -6.87% -7.48%
2014 -8.11% -6.22%
2013 -8.17% -8.82%
2012 -2.83% -8.43%
2011 -0.13% -5.94%
2010 -1.39% -7.47%
2009 -3.71% -8.1%
2008 0.57% -9.86%
2007 2.66% -10.9%
2006 2.92% -10.6%
2005 0.66% -8.57%
2004 1.94% -9.83%
2003 1.05% -14%
2002 0.74% -16.2%
2001 0.03% -21%
2000 -0.32% -23.9%
1999 -4.82% -16.7%
1998 -5.1% -17.3%
1997 -2.83% -24.5%
1996 -3.44% -25.7%
1995 -2.02% -13.6%
1994 - -29.1%
1993 - -7.19%
1992 - -24%
1991 - -19.5%
1990 - -30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2023, Ecuador's government deficit, the difference between spending and revenue, was $4.22B, equivalent to 3.48% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 29 years, Ecuador recorded a fiscal deficit in 20 of those years, while Lebanon ran a deficit in 29 years. On average, Ecuador posted an annual deficit equal to 2.55% of GDP, compared to deficit of 11.5% of GDP for Lebanon.

Inflation comparison by year

Inflation
Ecuador

Lebanon
1x
Year Consumer prices inflation
Ecuador Lebanon
2024 1.55% 45.2%
2023 2.22% 221.3%
2022 3.47% 171.2%
2021 0.13% 154.8%
2020 -0.34% 84.9%
2019 0.27% 2.9%
2018 -0.22% 6.1%
2017 0.42% 4.5%
2016 1.73% -0.8%
2015 3.97% -3.8%
2014 3.59% 1.1%
2013 2.72% 5.6%
2012 5.1% 6.6%
2011 4.47% 5%
2010 3.55% 4%
2009 5.16% 1.2%
2008 8.4% 10.7%
2007 2.28% 4.1%
2006 3.3% 4.1%
2005 2.17% -1.4%
2004 2.74% 1.7%
2003 7.93% 1.3%
2002 12.5% 1.8%
2001 37.7% -0.4%
2000 96.1% -0.4%
1999 52.2% 0.2%
1998 36.1% 4.5%
1997 30.7% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 26.6% in Lebanon. In 2024, inflation was 1.55% in Ecuador and 45.2% in Lebanon.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $5.6M
Processed food, beverages & tobacco $860K
Raw agricultural goods $580K
Textiles & consumer goods $16K
Miscellaneous $10K
Wood & paper products $8K
Chemicals & pharma $1K
Lebanon
Export category Export value
Raw agricultural goods $414K
Chemicals & pharma $225K
Textiles & consumer goods $45K
Machinery & equipment $37K
Processed food, beverages & tobacco $30K
Metals $29K
Wood & paper products $18K
Miscellaneous $11K
Animal & marine products $5K

Balance of trade

Ecuador Lebanon
Current account balance
$7.06B
2024
-$5.64B
2023
Current account balance ranking
27/190
2024
168/190
2023
Current account balance, % of GDP
+5.66%
2024
-28.1%
2023
Goods imports
$27.9B
2024
$16.7B
2023
Goods exports
$34.7B
2024
$3.85B
2023
Service imports
$6.18B
2024
$6.63B
2023
Service exports
$3.86B
2024
$7.92B
2023
Imports of goods and services, % of GDP
26.9%
2024
73.7%
2023
Exports of goods and services, % of GDP
30.3%
2024
30.6%
2023

Economic freedom indices

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

Ecuador Lebanon
Economic freedom 55.6 43.1
Economic freedom ranking 127/197 183/197
Property rights 33.2 21.8
Government integrity 33 23.4
Judicial effectiveness 48.1 23.8
Tax burden 74.2 90.3
Government spending 54.9 93.3
Fiscal health 90.3 63.4
Business freedom 64.3 47.6
Labor freedom 56.9 48.4
Monetary freedom 76.3 0
Trade freedom 66.4 65.6
Investment freedom 30 20
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Lebanon
1x
Year Economic freedom index
Ecuador Lebanon
2026 55.6 43.1
2025 55.8 44.1
2024 55 48.3
2023 55 45.6
2022 54.3 47.3
2021 52.4 51.4
2020 51.3 51.7
2019 46.9 51.1
2018 48.5 53.2
2017 49.3 53.3
2016 48.6 59.5
2015 49.2 59.3
2014 48 59.4
2013 46.9 59.5
2012 48.3 60.1
2011 47.1 60.1
2010 49.3 59.5
2009 52.5 58.1
2008 55.2 60
2007 55.3 60.4
2006 54.6 57.5
2005 52.9 57.2
2004 54.4 56.9
2003 54.1 56.7
2002 53.1 57.1
2001 55.1 61
2000 59.8 56.1
1999 62.9 59.1
1998 62.8 59
1997 61 63.9
1996 60.1 63.2
1995 57.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Lebanon
Services, % of GDP
57.2%
2024
42.4%
2023
Industry, % of GDP
26.5%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
0.97%
2023
GNI, Atlas method
$117B
2024
$21.4B
2023
GNI per capita, PPP
$15,410
2024
$12,420
2023
Total reserves including gold
$6.91B
2024
$33.3B
2024
Total reserves ranking
87/177
2024
54/177
2024
Net foreign direct investment
-$438M
2024
-$583M
2023
Net inflows of foreign direct investment
$443M
2024
$1.84B
2024
Net outflows of foreign direct investment
$0
2024
$391M
2024
Servicing debt to the IMF, % of GNI
7%
2024
22%
2023
Poverty at national poverty lines
28%
2024
27.4%
2012
Gross capital formation, % of GDP
18.5%
2024
1.9%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2000, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.