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Economy of Ecuador vs Malaysia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $472B for Malaysia, ranking 64/197 and 35/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $334B (70.7% of GDP) in Malaysia.

Ecuador vs Malaysia GDP by year

Ecuador
Malaysia
1x
Year GDP, current $
Ecuador Malaysia
2025 $130,320,560,400 $472,193,128,645
2024 $123,802,374,000 $422,227,005,429
2023 $120,792,801,000 $399,949,418,753
2022 $116,133,121,000 $407,830,525,990
2021 $107,179,074,000 $373,784,553,030
2020 $95,865,473,000 $337,456,163,961
2019 $107,595,830,000 $365,177,721,022
2018 $107,478,961,000 $358,788,845,713
2017 $104,467,486,000 $319,109,094,160
2016 $97,671,433,000 $301,256,033,870
2015 $97,209,558,000 $301,355,266,965
2014 $102,717,794,000 $338,066,095,097
2013 $96,570,334,000 $323,276,235,524
2012 $87,735,048,000 $314,443,047,642
2011 $78,986,648,000 $297,951,668,675
2010 $68,151,329,000 $255,017,638,456
2009 $60,094,978,000 $202,257,453,037
2008 $61,139,438,000 $230,811,614,370
2007 $49,848,725,000 $193,549,569,478
2006 $45,690,762,000 $162,692,258,307
2005 $40,278,849,000 $143,534,405,819
2004 $35,194,947,000 $124,749,473,684
2003 $30,965,208,000 $110,202,368,421
2002 $27,054,197,000 $100,845,526,316
2001 $23,127,055,000 $92,783,947,368
2000 $17,539,454,727 $93,789,736,842
1999 $19,645,272,636 $79,148,421,053
1998 $27,981,896,948 $72,167,498,981
1997 $28,162,053,027 $100,005,323,302
1996 $25,226,393,197 $100,855,393,910
1995 $24,432,884,442 $88,705,342,903
1994 $22,708,673,337 $74,478,356,958
1993 $18,938,717,359 $66,894,966,969
1992 $18,094,238,119 $59,167,550,163
1991 $16,988,535,268 $49,143,148,094
1990 $15,239,272,612 $44,024,585,240
1989 $13,890,823,705 $38,847,965,293
1988 $13,051,881,851 $35,272,109,220
1987 $13,945,426,859 $32,181,210,158
1986 $15,314,138,472 $27,734,111,400
1985 $17,149,088,413 $31,199,633,353
1984 $16,912,509,092 $33,942,897,422
1983 $17,152,477,037 $30,347,442,111
1982 $19,929,846,396 $26,804,493,635
1981 $21,810,759,354 $25,004,285,792
1980 $17,881,508,242 $24,488,224,677
1979 $14,175,160,902 $21,213,264,962
1978 $11,922,497,876 $16,358,079,862
1977 $11,026,342,618 $13,139,488,633
1976 $9,091,921,030 $11,050,234,599
1975 $7,731,674,472 $9,298,800,799
1974 $6,599,257,044 $9,496,204,302
1973 $3,891,754,150 $7,662,902,678
1972 $3,185,986,087 $5,043,347,250
1971 $2,754,219,271 $4,244,395,956
1970 $2,862,503,139 $3,864,145,667
1969 $3,112,165,727 $3,664,552,041
1968 $2,582,179,864 $3,330,371,551
1967 $2,553,595,172 $3,188,924,677
1966 $2,429,308,639 $3,143,517,944
1965 $2,387,047,396 $2,956,337,669
1964 $2,244,146,103 $2,674,423,922
1963 $1,824,343,871 $2,510,110,348
1962 $1,518,207,703 $2,001,489,602
1961 $1,753,850,955 $1,901,856,123
1960 $2,069,464,937 $1,916,229,477

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

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

GDP per capita in Ecuador vs Malaysia by year

Ecuador
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $13,125 -
2024 $6,827 $15,840 $11,874 $38,779
2023 $6,718 $15,919 $11,386 $36,467
2022 $6,516 $15,198 $11,755 $34,420
2021 $6,061 $13,507 $10,903 $29,823
2020 $5,464 $11,527 $9,958 $27,475
2019 $6,205 $12,543 $10,920 $28,934
2018 $6,304 $12,187 $10,902 $27,794
2017 $6,233 $11,793 $9,863 $26,416
2016 $5,918 $10,881 $9,477 $25,286
2015 $5,976 $10,878 $9,649 $24,526
2014 $6,406 $11,836 $11,013 $24,307
2013 $6,109 $11,296 $10,714 $23,161
2012 $5,634 $10,245 $10,601 $22,639
2011 $5,154 $9,769 $10,217 $21,324
2010 $4,520 $8,969 $8,899 $20,193
2009 $4,053 $8,662 $7,191 $18,923
2008 $4,195 $8,663 $8,372 $19,480
2007 $3,479 $8,112 $7,169 $18,617
2006 $3,244 $7,885 $6,158 $17,426
2005 $2,909 $7,457 $5,556 $16,371
2004 $2,586 $6,980 $4,939 $15,416
2003 $2,316 $6,475 $4,465 $14,387
2002 $2,059 $6,282 $4,184 $13,656
2001 $1,791 $5,999 $3,944 $13,072
2000 $1,382 $5,728 $4,084 $13,027
1999 $1,575 $5,638 $3,528 $11,980
1998 $2,284 $5,940 $3,294 $11,398
1997 $2,341 $5,793 $4,679 $12,469
1996 $2,136 $5,560 $4,837 $11,709
1995 $2,108 $5,469 $4,363 $10,720
1994 $1,997 $5,339 $3,758 $9,806
1993 $1,698 $5,112 $3,462 $9,018
1992 $1,655 $4,998 $3,141 $8,224
1991 $1,587 $4,887 $2,679 $7,583
1990 $1,455 $4,632 $2,469 $6,887
1989 $1,356 - $2,244 -
1988 $1,304 - $2,100 -
1987 $1,426 - $1,977 -
1986 $1,604 - $1,760 -
1985 $1,842 - $2,046 -
1984 $1,864 - $2,300 -
1983 $1,940 - $2,124 -
1982 $2,314 - $1,938 -
1981 $2,601 - $1,866 -
1980 $2,190 - $1,886 -
1979 $1,783 - $1,680 -
1978 $1,541 - $1,327 -
1977 $1,465 - $1,092 -
1976 $1,242 - $940 -
1975 $1,086 - $811 -
1974 $954 - $848 -
1973 $579 - $701 -
1972 $488 - $472 -
1971 $434 - $407 -
1970 $465 - $380 -
1969 $521 - $368 -
1968 $445 - $342 -
1967 $454 - $335 -
1966 $445 - $339 -
1965 $450 - $326 -
1964 $436 - $303 -
1963 $365 - $291.8 -
1962 $312 - $238.8 -
1961 $371 - $232.9 -
1960 $451 - $240.8 -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Malaysia ranks 60th at $38,779.

Economic indicators

Ecuador Malaysia
Gross domestic product
$130B
2025
$472B
2025
GDP rank
64/197
2025
35/197
2025
GDP growth
3.73%
2024-2025
5.17%
2024-2025
GDP per capita
$7,125
2025
$13,125
2025
GDP per capita rank
102/197
2025
78/197
2025
GDP per capita, PPP
$15,840
2024
$38,779
2024
GDP per capita PPP rank
110/197
2024
60/197
2024
Government debt
$70.9B
2025
$334B
2025
Debt-to-GDP ratio
54.4%
2025
70.7%
2025
Government debt per person
$3,877
2025
$9,273
2025
Government debt per person rank
94/185
2025
62/185
2025
Average annual personal income after taxes
$6,605
2026
$11,034
2026
Market capitalization of domestic companies
$747M
2000
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10%
35.1%
2025
30.9%
2021
Income share by poorest 10%
1.7%
2025
2.3%
2021
Government expenditure, % of GDP
38.4%
2025
23.4%
2025
Consumer prices inflation
0.71%
2024-2025
1.38%
2024-2025
Central bank interest rate n/a
2.75%
2025
Unemployment rate
3.23%
2025
3.9%
2022
Population
18524711
36600906

Spending and national debt comparison by year

Ecuador
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Ecuador Malaysia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 23.4% 70.7%
2024 38.3% 54.1% 24% 69.8%
2023 39.6% 54.5% 25% 69.7%
2022 38.9% 57.2% 24.6% 65.5%
2021 37.5% 61.8% 24.5% 69.2%
2020 40.2% 63.6% 25% 67.7%
2019 39.8% 52.1% 23.6% 57.1%
2018 40.9% 49.5% 22.8% 55.6%
2017 40.5% 47.4% 22% 54.4%
2016 44.1% 46.1% 22.9% 55.8%
2015 44.1% 36.4% 24.7% 57%
2014 45.9% 28.2% 26% 55.4%
2013 46.7% 23.4% 27.8% 55.7%
2012 43.2% 19.3% 28.5% 53.8%
2011 39.6% 18.6% 27.1% 51.9%
2010 35.4% 18.4% 26.6% 51.2%
2009 34.3% 19.7% 30.9% 50.4%
2008 35.6% 24.9% 26.9% 39.4%
2007 24.7% 29.6% 25.9% 39.3%
2006 21.7% 33.1% 25.6% 39.7%
2005 22% 35.8% 24.5% 40.8%
2004 21.3% 40.2% 25.9% 42%
2003 21.3% 47.2% 28.1% 41.4%
2002 22.8% 55% 27.1% 39.5%
2001 21.4% 63.8% 28.2% 38.1%
2000 24.3% 92.2% 25.6% 32.5%
1999 24.1% 105.2% 24.6% 34.4%
1998 21.5% 70.3% 23.1% 33.6%
1997 22% 61.5% 21.2% 29.6%
1996 22.7% 69.3% 22.4% 32.8%
1995 22% 70.5% 22.6% 38.2%
1994 - - 23.3% 43.7%
1993 - - 24.6% 51.1%
1992 - - 28.2% 59.1%
1991 - - 27.4% 67.3%
1990 - - 30.5% 74.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Malaysia spent $111B, or 23.4% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 70.7% in Malaysia, ranking 92/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Malaysia
1x
Year Deficit/surplus, % of GDP
Ecuador Malaysia
2025 -2.88% -3.54%
2024 -1.28% -3.45%
2023 -3.49% -4.11%
2022 0.04% -4.56%
2021 -1.59% -6.03%
2020 -7.38% -4.9%
2019 -3.47% -2.01%
2018 -2.8% -2.64%
2017 -5.77% -2.41%
2016 -10.3% -2.6%
2015 -6.87% -2.55%
2014 -8.11% -2.63%
2013 -8.17% -3.48%
2012 -2.83% -3.1%
2011 -0.13% -3.57%
2010 -1.39% -4.32%
2009 -3.71% -5.88%
2008 0.57% -3.4%
2007 2.66% -2.57%
2006 2.92% -2.6%
2005 0.66% -2.83%
2004 1.94% -3.35%
2003 1.05% -4.6%
2002 0.74% -3.96%
2001 0.03% -4.36%
2000 -0.32% -6.05%
1999 -4.82% -3%
1998 -5.1% -0.63%
1997 -2.83% 4.84%
1996 -3.44% 3.27%
1995 -2.02% 3.1%
1994 - 5.45%
1993 - 3.44%
1992 - 1.81%
1991 - 1.6%
1990 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/malaysia | 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 Malaysia's deficit of $16.7B, or 3.54% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Malaysia ran a deficit in 28 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 2.84% of GDP for Malaysia.

Inflation comparison by year

Inflation
Ecuador

Malaysia
1x
Year Consumer prices inflation
Ecuador Malaysia
2025 0.71% 1.38%
2024 1.55% 1.83%
2023 2.22% 2.49%
2022 3.47% 3.38%
2021 0.13% 2.48%
2020 -0.34% -1.14%
2019 0.27% 0.66%
2018 -0.22% 0.88%
2017 0.42% 3.87%
2016 1.73% 2.09%
2015 3.97% 2.1%
2014 3.59% 3.14%
2013 2.72% 2.11%
2012 5.1% 1.66%
2011 4.47% 3.17%
2010 3.55% 1.62%
2009 5.16% 0.58%
2008 8.4% 5.44%
2007 2.28% 2.03%
2006 3.3% 3.61%
2005 2.17% 2.98%
2004 2.74% 1.42%
2003 7.93% 1.09%
2002 12.5% 1.81%
2001 37.7% 1.42%
2000 96.1% 1.53%
1999 52.2% 2.74%
1998 36.1% 5.27%
1997 30.7% 2.66%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 2.22% in Malaysia. In 2025, inflation was 0.71% in Ecuador and 1.38% in Malaysia.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $801M
Raw materials & minerals $91.5M
Animal & marine products $36.9M
Metals $6.28M
Raw agricultural goods $859K
Machinery & equipment $678K
Chemicals & pharma $92K
Wood & paper products $92K
Miscellaneous $24K
Precious metals & jewellery $19K
Malaysia
Export category Export value
Machinery & equipment $8.81M
Raw materials & minerals $8.51M
Textiles & consumer goods $7.39M
Chemicals & pharma $4.84M
Processed food, beverages & tobacco $4.25M
Metals $1.24M
Wood & paper products $1.12M
Precious metals & jewellery $605K
Miscellaneous $139K
Weapons & explosives $91K

Balance of trade

Ecuador Malaysia
Current account balance
$7.7B
2025
$7.15B
2024
Current account balance ranking
28/190
2025
29/190
2024
Current account balance, % of GDP
+5.91%
2025
+1.69%
2024
Goods imports
$31.1B
2025
$223B
2024
Goods exports
$37.4B
2025
$248B
2024
Service imports
$6.22B
2025
$56.4B
2024
Service exports
$4.14B
2025
$53.4B
2024
Imports of goods and services, % of GDP
27.9%
2025
65.4%
2025
Exports of goods and services, % of GDP
31.4%
2025
71%
2025

Economic freedom indices

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

Ecuador Malaysia
Economic freedom 55.6 68
Economic freedom ranking 127/197 51/197
Property rights 33.2 62.7
Government integrity 33 52.9
Judicial effectiveness 48.1 63.4
Tax burden 74.2 83.5
Government spending 54.9 82
Fiscal health 90.3 62.5
Business freedom 64.3 79.6
Labor freedom 56.9 55.4
Monetary freedom 76.3 80.8
Trade freedom 66.4 83
Investment freedom 30 60
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Malaysia
1x
Year Economic freedom index
Ecuador Malaysia
2026 55.6 68
2025 55.8 67.1
2024 55 65.7
2023 55 67.3
2022 54.3 68.1
2021 52.4 74.4
2020 51.3 74.7
2019 46.9 74
2018 48.5 74.5
2017 49.3 73.8
2016 48.6 71.5
2015 49.2 70.8
2014 48 69.6
2013 46.9 66.1
2012 48.3 66.4
2011 47.1 66.3
2010 49.3 64.8
2009 52.5 64.6
2008 55.2 63.9
2007 55.3 63.8
2006 54.6 61.6
2005 52.9 61.9
2004 54.4 59.9
2003 54.1 61.1
2002 53.1 60.1
2001 55.1 60.2
2000 59.8 66
1999 62.9 68.9
1998 62.8 68.2
1997 61 66.8
1996 60.1 69.9
1995 57.7 71.9

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Malaysia
Services, % of GDP
57%
2025
54.8%
2025
Industry, % of GDP
25.7%
2025
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
8.22%
2025
GNI, Atlas method
$126B
2025
$445B
2025
GNI per capita, PPP
$16,290
2025
$40,070
2025
Total reserves including gold
$9.8B
2025
$126B
2025
Total reserves ranking
79/177
2025
25/177
2025
Net foreign direct investment
-$1.3B
2025
-$2.55B
2024
Net inflows of foreign direct investment
$446M
2024
$15.6B
2024
Net outflows of foreign direct investment
$0
2024
$13B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
5.1%
2023
Gross capital formation, % of GDP
20.9%
2025
20.5%
2025

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/malaysia | 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 (1990–2025, 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. TradeMap (2022–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, 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.