Skip to content

Economy of Ecuador vs Liberia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $5.25B for Liberia, ranking 64/197 and 162/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Ecuador vs Liberia GDP by year

Ecuador
Liberia
1x
Year GDP, current $
Ecuador Liberia
2025 $130,320,560,400 $5,245,938,900
2024 $123,802,374,000 $4,779,300,900
2023 $120,792,801,000 $4,390,000,000
2022 $116,133,121,000 $4,001,047,000
2021 $107,179,074,000 $3,513,049,500
2020 $95,865,473,000 $3,176,126,300
2019 $107,595,830,000 $3,319,596,500
2018 $107,478,961,000 $3,422,754,800
2017 $104,467,486,000 $3,390,703,400
2016 $97,671,433,000 $3,398,419,600
2015 $97,209,558,000 $3,227,075,700
2014 $102,717,794,000 $3,225,652,000
2013 $96,570,334,000 $3,177,198,100
2012 $87,735,048,000 $2,791,614,000
2011 $78,986,648,000 $2,398,000,000
2010 $68,151,329,000 $1,998,000,000
2009 $60,094,978,000 $1,768,000,000
2008 $61,139,438,000 $1,726,000,000
2007 $49,848,725,000 $1,373,000,000
2006 $45,690,762,000 $1,119,000,000
2005 $40,278,849,000 $949,000,000
2004 $35,194,947,000 $897,000,000
2003 $30,965,208,000 $748,000,000
2002 $27,054,197,000 $927,000,000
2001 $23,127,055,000 $906,000,000
2000 $17,539,454,727 $874,000,000
1999 $19,645,272,636 $441,800,000
1998 $27,981,896,948 $359,600,000
1997 $28,162,053,027 $295,900,000
1996 $25,226,393,197 $159,400,000
1995 $24,432,884,442 $134,800,000
1994 $22,708,673,337 $132,200,000
1993 $18,938,717,359 $160,400,000
1992 $18,094,238,119 $223,500,000
1991 $16,988,535,268 $348,000,000
1990 $15,239,272,612 $384,400,000
1989 $13,890,823,705 $786,300,000
1988 $13,051,881,851 $1,038,300,000
1987 $13,945,426,859 $972,800,000
1986 $15,314,138,472 $840,964,400
1985 $17,149,088,413 $851,296,100
1984 $16,912,509,092 $848,478,300
1983 $17,152,477,037 $823,374,900
1982 $19,929,846,396 $863,933,200
1981 $21,810,759,354 $846,514,500
1980 $17,881,508,242 $854,711,500
1979 $14,175,160,902 $814,067,900
1978 $11,922,497,876 $717,240,400
1977 $11,026,342,618 $673,010,600
1976 $9,091,921,030 $596,675,700
1975 $7,731,674,472 $577,549,300
1974 $6,599,257,044 $486,955,000
1973 $3,891,754,150 $386,968,300
1972 $3,185,986,087 $368,098,000
1971 $2,754,219,271 $341,543,100
1970 $2,862,503,139 $323,099,700
1969 $3,112,165,727 $306,961,800
1968 $2,582,179,864 $276,820,700
1967 $2,553,595,172 $261,024,300
1966 $2,429,308,639 $244,459,500
1965 $2,387,047,396 $229,260,800
1964 $2,244,146,103 $218,929,100
1963 $1,824,343,871 $200,229,600
1962 $1,518,207,703 $191,861,800
1961 $1,753,850,955 $183,920,900
1960 $2,069,464,937 $190,495,600

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

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

GDP per capita in Ecuador vs Liberia by year

Ecuador
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $915 -
2024 $6,827 $15,840 $851 $1,871
2023 $6,718 $15,919 $799 $1,795
2022 $6,516 $15,198 $745 $1,692
2021 $6,061 $13,507 $668 $1,539
2020 $5,464 $11,527 $617 $1,660
2019 $6,205 $12,543 $658 $1,900
2018 $6,304 $12,187 $692 $1,800
2017 $6,233 $11,793 $699 $1,665
2016 $5,918 $10,881 $715 $1,490
2015 $5,976 $10,878 $693 $1,340
2014 $6,406 $11,836 $707 $1,419
2013 $6,109 $11,296 $711 $1,360
2012 $5,634 $10,245 $638 $1,157
2011 $5,154 $9,769 $568 $1,041
2010 $4,520 $8,969 $492 $980
2009 $4,053 $8,662 $448 $939
2008 $4,195 $8,663 $452 $915
2007 $3,479 $8,112 $374 $873
2006 $3,244 $7,885 $321 $815
2005 $2,909 $7,457 $287.5 $774
2004 $2,586 $6,980 $284.1 $745
2003 $2,316 $6,475 $239.8 $716
2002 $2,059 $6,282 $299.5 $1,013
2001 $1,791 $5,999 $300 $987
2000 $1,382 $5,728 $298.5 $965
1999 $1,575 $5,638 $156.6 $762
1998 $2,284 $5,940 $134.7 $652
1997 $2,341 $5,793 $122.6 $548
1996 $2,136 $5,560 $71.4 $282.2
1995 $2,108 $5,469 $62.1 $254.4
1994 $1,997 $5,339 $61.5 $262.6
1993 $1,698 $5,112 $74.4 $328
1992 $1,655 $4,998 $107.8 $497
1991 $1,587 $4,887 $177.9 $793
1990 $1,455 $4,632 $172.9 $787
1989 $1,356 - $312 -
1988 $1,304 - $424 -
1987 $1,426 - $409 -
1986 $1,604 - $364 -
1985 $1,842 - $380 -
1984 $1,864 - $390 -
1983 $1,940 - $391 -
1982 $2,314 - $422 -
1981 $2,601 - $426 -
1980 $2,190 - $443 -
1979 $1,783 - $435 -
1978 $1,541 - $394 -
1977 $1,465 - $381 -
1976 $1,242 - $347 -
1975 $1,086 - $346 -
1974 $954 - $299.4 -
1973 $579 - $244.4 -
1972 $488 - $238.6 -
1971 $434 - $227.1 -
1970 $465 - $220.3 -
1969 $521 - $214.7 -
1968 $445 - $198.6 -
1967 $454 - $192.2 -
1966 $445 - $184.6 -
1965 $450 - $177.6 -
1964 $436 - $173.9 -
1963 $365 - $163.1 -
1962 $312 - $160.3 -
1961 $371 - $157.5 -
1960 $451 - $167.2 -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Liberia ranks 188th at $1,871.

Economic indicators

Ecuador Liberia
Gross domestic product
$130B
2025
$5.25B
2025
GDP rank
64/197
2025
162/197
2025
GDP growth
3.73%
2024-2025
5.02%
2024-2025
GDP per capita
$7,125
2025
$915
2025
GDP per capita rank
102/197
2025
184/197
2025
GDP per capita, PPP
$15,840
2024
$1,871
2024
GDP per capita PPP rank
110/197
2024
188/197
2024
Government debt
$70.9B
2025
$2.88B
2025
Debt-to-GDP ratio
54.4%
2025
54.9%
2025
Government debt per person
$3,877
2025
$502
2025
Government debt per person rank
94/185
2025
167/185
2025
Average annual personal income after taxes
$6,605
2026
$1,467
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
27.1%
2016
Income share by poorest 10%
1.7%
2025
2.9%
2016
Government expenditure, % of GDP
38.4%
2025
22.4%
2025
Consumer prices inflation
0.71%
2024-2025
8.3%
2024-2025
Unemployment rate
3.23%
2025
5.93%
2017
Population
18524711
5916561

Spending and national debt comparison by year

Ecuador
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Ecuador Liberia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 22.4% 54.9%
2024 38.3% 54.1% 24.1% 56.4%
2023 39.6% 54.5% 28.6% 57.2%
2022 38.9% 57.2% 27.4% 54.4%
2021 37.5% 61.8% 29.8% 53.5%
2020 40.2% 63.6% 35.3% 58.5%
2019 39.8% 52.1% 32.3% 48.1%
2018 40.9% 49.5% 32.7% 36.2%
2017 40.5% 47.4% 35.1% 31.8%
2016 44.1% 46.1% 35.8% 28%
2015 44.1% 36.4% 37.1% 24.4%
2014 45.9% 28.2% 33.4% 24.3%
2013 46.7% 23.4% 27.4% 20.6%
2012 43.2% 19.3% 30.8% 20.5%
2011 39.6% 18.6% 29.8% 22.5%
2010 35.4% 18.4% 25.1% 25.4%
2009 34.3% 19.7% 24% 132.2%
2008 35.6% 24.9% 21.8% 235.3%
2007 24.7% 29.6% 16.1% 367%
2006 21.7% 33.1% 10.6% 451%
2005 22% 35.8% 11.7% 488%
2004 21.3% 40.2% 12.1% 543%
2003 21.3% 47.2% 8.98% 600%
2002 22.8% 55% 12.7% 464%
2001 21.4% 63.8% 12.1% 465%
2000 24.3% 92.2% 14.5% 468%
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/liberia | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 54.9% in Liberia, ranking 92/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Liberia
1x
Year Deficit/surplus, % of GDP
Ecuador Liberia
2025 -2.88% -1.41%
2024 -1.28% -1.8%
2023 -3.49% -8.55%
2022 0.04% -5.82%
2021 -1.59% -2.5%
2020 -7.38% -4.02%
2019 -3.47% -4.92%
2018 -2.8% -4.7%
2017 -5.77% -7.14%
2016 -10.3% -3.83%
2015 -6.87% -3.74%
2014 -8.11% -4.92%
2013 -8.17% 1.29%
2012 -2.83% -2.86%
2011 -0.13% -4.39%
2010 -1.39% 1.16%
2009 -3.71% -1.4%
2008 0.57% -2.7%
2007 2.66% 2.28%
2006 2.92% 4.23%
2005 0.66% -0.51%
2004 1.94% -0.56%
2003 1.05% 0.36%
2002 0.74% -1.57%
2001 0.03% -0.94%
2000 -0.32% -0.08%
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/liberia | 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 Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while Liberia ran a deficit in 21 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Ecuador

Liberia
1x
Year Consumer prices inflation
Ecuador Liberia
2025 0.71% 8.3%
2024 1.55% 8.2%
2023 2.22% 10.1%
2022 3.47% 7.6%
2021 0.13% 7.8%
2020 -0.34% 17%
2019 0.27% 27%
2018 -0.22% 23.5%
2017 0.42% 12.4%
2016 1.73% 8.8%
2015 3.97% 7.7%
2014 3.59% 9.9%
2013 2.72% 7.6%
2012 5.1% 6.8%
2011 4.47% 8.5%
2010 3.55% 7.3%
2009 5.16% 7.4%
2008 8.4% 17.5%
2007 2.28% 11.4%
2006 3.3% 9.5%
2005 2.17% 6.9%
2004 2.74% 3.6%
2003 7.93% 10.3%
2002 12.5% 14.2%
2001 37.7% 12.1%
2000 96.1% 5.3%
1999 52.2% 2%
1998 36.1% -
1997 30.7% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Ecuador has recorded an average annual inflation rate of 9.77%, compared with 10.3% in Liberia. In 2025, inflation was 0.71% in Ecuador and 8.3% in Liberia.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $14K
Liberia
Export category Export value

Balance of trade

Ecuador Liberia
Current account balance
$7.7B
2025
$120M
2024
Current account balance ranking
28/190
2025
62/190
2024
Current account balance, % of GDP
+5.91%
2025
+2.51%
2024
Goods imports
$31.1B
2025
$1.51B
2024
Goods exports
$37.4B
2025
$1.31B
2024
Service imports
$6.22B
2025
$253M
2024
Service exports
$4.14B
2025
$42.6M
2024
Imports of goods and services, % of GDP
27.9%
2025
n/a
Exports of goods and services, % of GDP
31.4%
2025
28.5%
2026

Economic freedom indices

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

Ecuador Liberia
Economic freedom 55.6 49.8
Economic freedom ranking 127/197 163/197
Property rights 33.2 40.4
Government integrity 33 25.8
Judicial effectiveness 48.1 23.4
Tax burden 74.2 86.1
Government spending 54.9 79.5
Fiscal health 90.3 56.9
Business freedom 64.3 38
Labor freedom 56.9 43.4
Monetary freedom 76.3 71.4
Trade freedom 66.4 57.4
Investment freedom 30 55
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Liberia
1x
Year Economic freedom index
Ecuador Liberia
2026 55.6 49.8
2025 55.8 48.5
2024 55 49.9
2023 55 49.6
2022 54.3 47.9
2021 52.4 49.2
2020 51.3 49
2019 46.9 49.7
2018 48.5 50.9
2017 49.3 49.1
2016 48.6 52.2
2015 49.2 52.7
2014 48 52.4
2013 46.9 49.3
2012 48.3 48.6
2011 47.1 46.5
2010 49.3 46.2
2009 52.5 48.1
2008 55.2 -
2007 55.3 -
2006 54.6 -
2005 52.9 -
2004 54.4 -
2003 54.1 -
2002 53.1 -
2001 55.1 -
2000 59.8 -
1999 62.9 -
1998 62.8 -
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/liberia | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Liberia
Services, % of GDP
57%
2025
40%
2025
Industry, % of GDP
25.7%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
32.7%
2025
GNI, Atlas method
$126B
2025
$4.76B
2025
GNI per capita, PPP
$16,290
2025
$1,840
2025
Total reserves including gold
$9.8B
2025
$339M
2025
Total reserves ranking
79/177
2025
166/177
2025
Net foreign direct investment
-$1.3B
2025
-$397M
2024
Net inflows of foreign direct investment
$446M
2024
$472M
2024
Net outflows of foreign direct investment
$0
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
3.12%
2024
Poverty at national poverty lines
21.4%
2025
50.9%
2016
Gross capital formation, % of GDP
20.9%
2025
n/a

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/liberia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2021, 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.