Ecuador vs Luxembourg: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Ecuador and Luxembourg ranked 150th vs 88th and 96th vs 3rd, respectively.

Gross Domestic Product & Income

StatEcuadorLuxembourg
GDP$108.4B$70.9B
GDP growth, 1 year1.1%3%
GDP growth, 5-years average1.2%3%
Population16.6M626k
GDP per capita$6.3k$117k
GDP per capita growth-0.4%1.18%
Purchasing Power Parity conversion factor0.540.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.541.03
GDP per capita, PPP adjusted$12k$107k
GNI, Atlas method$104.4B$43.1B
GNI per capita$6.1k$71k
GNI, PPP adjusted$195.1B$43.9B
GNI per capita, PPP adjusted$11k$72k

Financial system and Human development

StatEcuadorLuxembourg
Income Tax Rate35%42%
Corporate Tax Rate25%18%
Inflation, consumer prices-0.2%2%
Inflation, GDP deflator2.5%2.5%
Unemployment3.9%5.5%
Economic Freedom Index51.375.8
Personal Freedom Index7.429.1
Human Freedom Index6.78.46
Property Rights Index40.486.4
Judical Effectiveness Index20.774.4
Business Freedom Index53.866.8
Fiscal Health Index62.399
Labor Freedom Index4845.3
Investment Freedom Index3595
Financial Freedom Index4080
Trade Freedom Index6686.4
Monetary Freedom Index8176.4
Government Spending Index57.945.4
Tax Burden Index77.564.1
Government Integrity Index33.490.3
Corruption Perceptions Index3481
Life expectancy at birth, years76.682.7
Suicide mortality rate, per 100,000 people7.113.5
Mortality caused by road traffic injury, per 100,000 people21.36.3
Intentional homicides, per 100,000 people5.80.3
International tourism, number of arrivals2.5M1M

Government debt & reserves

StatEcuadorLuxembourg
Central government debt, % of GDP46.1%21.8%
External debt stocks, % of GNI42.6%N/A
External debt stocks$45BN/A
Short-term debt, % of total reserves34.8%N/A
Total debt service, % of exports and primary income36.7%N/A
Adjusted net savings including particulate emission damage, % of GNI11.4%20.9%
Gross savings, % of GDP25.3%17.4%
Gross capital formation, % of GDP26%17.6%
Total reserves including gold$2.2B$938.9M
Foreign direct investment net inflows$1.4B-$5.6B

Exports, imports and economic structure

StatEcuadorLuxembourg
Exports of goods and services, % of GDP22.8%211.6%
Imports of goods and services, % of GDP23%175.5%
Current account balance (balance of payments)-$1.5B$3.4B
Revenue excluding grants, % of GDPN/A40.9%
Grants excluding technical cooperation, BoP$122.5MN/A
Personal remittances received$3B$2.1B
Industry including construction value added, % of GDP32.7%11.8%
Agriculture, forestry and fishing value added, % of GDP9.2%0.2%
Charges for the use of intellectual property, payments BoP$18.9M$5B
Charges for the use of intellectual property, receipts BoPN/A$2.4B
Expense, % of GDPN/A38.7%
Government Expenditure, % of GDP37.5%42.7%

Compare with countries close by GDP per capita

Ecuador vs

CountryGDP
per capita
Population
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k