Ecuador vs Madagascar: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Ecuador and Madagascar ranked 150th vs 55th and 96th vs 190th, respectively.

Gross Domestic Product & Income

StatEcuadorMadagascar
GDP$108.4B$13.9B
GDP growth, 1 year1.1%5.2%
GDP growth, 5-years average1.2%4%
Population16.6M25.6M
GDP per capita$6.3k$528
GDP per capita growth-0.4%1.81%
Purchasing Power Parity conversion factor0.54929.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.28
GDP per capita, PPP adjusted$12k$1.6k
GNI, Atlas method$104.4B$13.3B
GNI per capita$6.1k$510
GNI, PPP adjusted$195.1B$48.2B
GNI per capita, PPP adjusted$11k$1.8k

Financial system and Human development

StatEcuadorMadagascar
Income Tax Rate35%20%
Corporate Tax Rate25%20%
Inflation, consumer prices-0.2%7.3%
Inflation, GDP deflator2.5%7.6%
Unemployment3.9%1.7%
Economic Freedom Index51.360.5
Personal Freedom Index7.427.29
Human Freedom Index6.76.69
Property Rights Index40.445.6
Judical Effectiveness Index20.739.6
Business Freedom Index53.847.3
Fiscal Health Index62.390.6
Labor Freedom Index4844.6
Investment Freedom Index3555
Financial Freedom Index4050
Trade Freedom Index6673.6
Monetary Freedom Index8172.7
Government Spending Index57.991.5
Tax Burden Index77.590.7
Government Integrity Index33.425
Corruption Perceptions Index3425
Life expectancy at birth, years76.666.3
Suicide mortality rate, per 100,000 people7.13.9
Mortality caused by road traffic injury, per 100,000 people21.328.6
Intentional homicides, per 100,000 people5.87.7
International tourism, number of arrivals2.5M291k

Government debt & reserves

StatEcuadorMadagascar
Central government debt, % of GDP46.1%39.7%
External debt stocks, % of GNI42.6%31.8%
External debt stocks$45B$3.7B
Short-term debt, % of total reserves34.8%15.6%
Total debt service, % of exports and primary income36.7%2.7%
Adjusted net savings including particulate emission damage, % of GNI11.4%7.7%
Gross savings, % of GDP25.3%18.6%
Gross capital formation, % of GDP26%19.6%
Total reserves including gold$2.2B$1.7B
Foreign direct investment net inflows$1.4B$612M

Exports, imports and economic structure

StatEcuadorMadagascar
Exports of goods and services, % of GDP22.8%28.7%
Imports of goods and services, % of GDP23%33.8%
Current account balance (balance of payments)-$1.5B$80.1M
Revenue excluding grants, % of GDPN/A11.4%
Grants excluding technical cooperation, BoP$122.5M$373.7M
Personal remittances received$3B$425.5M
Industry including construction value added, % of GDP32.7%23.1%
Agriculture, forestry and fishing value added, % of GDP9.2%23.8%
Charges for the use of intellectual property, payments BoP$18.9M$17.1M
Charges for the use of intellectual property, receipts BoPN/A$4.5M
Expense, % of GDPN/A9.8%
Government Expenditure, % of GDP37.5%16.8%

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

Madagascar vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M