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Economy of Ecuador vs Mali compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $30.1B for Mali, ranking 64/197 and 114/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Ecuador vs Mali GDP by year

Ecuador
Mali
1x
Year GDP, current $
Ecuador Mali
2025 $130,320,560,400 $30,069,148,581
2024 $123,802,374,000 $26,761,281,077
2023 $120,792,801,000 $24,777,941,861
2022 $116,133,121,000 $22,539,987,719
2021 $107,179,074,000 $22,999,245,263
2020 $95,865,473,000 $20,698,560,939
2019 $107,595,830,000 $20,477,421,885
2018 $107,478,961,000 $20,368,015,381
2017 $104,467,486,000 $18,308,362,040
2016 $97,671,433,000 $16,743,796,800
2015 $97,209,558,000 $15,583,181,170
2014 $102,717,794,000 $17,081,681,993
2013 $96,570,334,000 $15,747,192,681
2012 $87,735,048,000 $14,795,114,603
2011 $78,986,648,000 $15,452,791,789
2010 $68,151,329,000 $12,710,739,160
2009 $60,094,978,000 $12,155,217,833
2008 $61,139,438,000 $11,462,490,840
2007 $49,848,725,000 $9,699,047,443
2006 $45,690,762,000 $8,212,007,554
2005 $40,278,849,000 $7,429,066,952
2004 $35,194,947,000 $6,485,774,930
2003 $30,965,208,000 $5,605,613,011
2002 $27,054,197,000 $4,647,238,257
2001 $23,127,055,000 $4,124,281,594
2000 $17,539,454,727 $3,521,570,876
1999 $19,645,272,636 $4,091,446,054
1998 $27,981,896,948 $3,894,433,432
1997 $28,162,053,027 $3,414,879,486
1996 $25,226,393,197 $3,743,103,420
1995 $24,432,884,442 $3,373,322,735
1994 $22,708,673,337 $2,655,768,636
1993 $18,938,717,359 $3,632,801,877
1992 $18,094,238,119 $3,680,775,037
1991 $16,988,535,268 $3,576,562,682
1990 $15,239,272,612 $3,248,417,791
1989 $13,890,823,705 $2,824,822,489
1988 $13,051,881,851 $2,712,207,901
1987 $13,945,426,859 $2,437,004,680
1986 $15,314,138,472 $2,132,938,007
1985 $17,149,088,413 $1,594,347,021
1984 $16,912,509,092 $1,387,809,615
1983 $17,152,477,037 $1,496,616,127
1982 $19,929,846,396 $1,680,304,773
1981 $21,810,759,354 $2,234,583,940
1980 $17,881,508,242 $2,704,362,789
1979 $14,175,160,902 $1,595,422,956
1978 $11,922,497,876 $1,222,702,573
1977 $11,026,342,618 $1,049,838,548
1976 $9,091,921,030 $939,228,017
1975 $7,731,674,472 $830,710,615
1974 $6,599,257,044 $538,747,340
1973 $3,891,754,150 $563,683,703
1972 $3,185,986,087 $486,617,280
1971 $2,754,219,271 $395,218,629
1970 $2,862,503,139 $359,772,315
1969 $3,112,165,727 $339,913,867
1968 $2,582,179,864 $343,771,973
1967 $2,553,595,172 $275,494,478
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ecuador vs Mali by year

Ecuador
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $1,193 -
2024 $6,827 $15,840 $1,093 $3,315
2023 $6,718 $15,919 $1,042 $3,175
2022 $6,516 $15,198 $977 $3,014
2021 $6,061 $13,507 $1,027 $2,796
2020 $5,464 $11,527 $953 $2,724
2019 $6,205 $12,543 $972 $2,820
2018 $6,304 $12,187 $996 $2,684
2017 $6,233 $11,793 $924 $2,607
2016 $5,918 $10,881 $872 $2,532
2015 $5,976 $10,878 $838 $2,330
2014 $6,406 $11,836 $948 $2,185
2013 $6,109 $11,296 $902 $2,059
2012 $5,634 $10,245 $873 $1,990
2011 $5,154 $9,769 $938 $2,046
2010 $4,520 $8,969 $797 $2,012
2009 $4,053 $8,662 $787 $1,945
2008 $4,195 $8,663 $767 $1,893
2007 $3,479 $8,112 $671 $1,852
2006 $3,244 $7,885 $587 $1,832
2005 $2,909 $7,457 $549 $1,771
2004 $2,586 $6,980 $495 $1,730
2003 $2,316 $6,475 $442 $1,715
2002 $2,059 $6,282 $378 $1,581
2001 $1,791 $5,999 $346 $1,559
2000 $1,382 $5,728 $305 $1,357
1999 $1,575 $5,638 $364 $1,376
1998 $2,284 $5,940 $357 $1,332
1997 $2,341 $5,793 $321 $1,267
1996 $2,136 $5,560 $360 $1,224
1995 $2,108 $5,469 $331 $1,154
1994 $1,997 $5,339 $266.5 $1,147
1993 $1,698 $5,112 $372 $1,087
1992 $1,655 $4,998 $385 $1,039
1991 $1,587 $4,887 $382 $1,091
1990 $1,455 $4,632 $354 $956
1989 $1,356 - $314 -
1988 $1,304 - $307 -
1987 $1,426 - $280.7 -
1986 $1,604 - $250 -
1985 $1,842 - $190.4 -
1984 $1,864 - $169.1 -
1983 $1,940 - $186.3 -
1982 $2,314 - $213.8 -
1981 $2,601 - $290.5 -
1980 $2,190 - $359 -
1979 $1,783 - $216.3 -
1978 $1,541 - $169.1 -
1977 $1,465 - $148.1 -
1976 $1,242 - $134.9 -
1975 $1,086 - $121.5 -
1974 $954 - $80.2 -
1973 $579 - $85.4 -
1972 $488 - $75.1 -
1971 $434 - $62 -
1970 $465 - $57.3 -
1969 $521 - $55 -
1968 $445 - $56.5 -
1967 $454 - $46 -
1966 $445 - - -
1965 $450 - - -
1964 $436 - - -
1963 $365 - - -
1962 $312 - - -
1961 $371 - - -
1960 $451 - - -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Mali ranks 174th at $3,315.

Economic indicators

Ecuador Mali
Gross domestic product
$130B
2025
$30.1B
2025
GDP rank
64/197
2025
114/197
2025
GDP growth
3.73%
2024-2025
5.6%
2024-2025
GDP per capita
$7,125
2025
$1,193
2025
GDP per capita rank
102/197
2025
174/197
2025
GDP per capita, PPP
$15,840
2024
$3,315
2024
GDP per capita PPP rank
110/197
2024
174/197
2024
Government debt
$70.9B
2025
$12.6B
2025
Debt-to-GDP ratio
54.4%
2025
41.9%
2025
Government debt per person
$3,877
2025
$500
2025
Government debt per person rank
94/185
2025
168/185
2025
Average annual personal income after taxes
$6,605
2026
$1,949
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
28.3%
2021
Income share by poorest 10%
1.7%
2025
3.2%
2021
Government expenditure, % of GDP
38.4%
2025
20.9%
2025
Consumer prices inflation
0.71%
2024-2025
2.3%
2024-2025
Unemployment rate
3.23%
2025
4.5%
2024
Population
18524711
26322576

Spending and national debt comparison by year

Ecuador
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Ecuador Mali
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 20.9% 41.9%
2024 38.3% 54.1% 21% 44%
2023 39.6% 54.5% 21.2% 44.3%
2022 38.9% 57.2% 20.8% 42.9%
2021 37.5% 61.8% 22.5% 43.2%
2020 40.2% 63.6% 22% 39.8%
2019 39.8% 52.1% 19.5% 34.3%
2018 40.9% 49.5% 17% 31.4%
2017 40.5% 47.4% 19.2% 30.1%
2016 44.1% 46.1% 18.6% 30.1%
2015 44.1% 36.4% 17.6% 25.8%
2014 45.9% 28.2% 16.8% 22.6%
2013 46.7% 23.4% 16.6% 22.2%
2012 43.2% 19.3% 13.1% 21.3%
2011 39.6% 18.6% 17.3% 20.1%
2010 35.4% 18.4% 17.4% 21.8%
2009 34.3% 19.7% 19.6% 18.8%
2008 35.6% 24.9% 16.2% 17.3%
2007 24.7% 29.6% 18.1% 15.6%
2006 21.7% 33.1% 18.9% 15.4%
2005 22% 35.8% 18.3% 39.5%
2004 21.3% 40.2% 18.5% 36.1%
2003 21.3% 47.2% 17.8% 37.7%
2002 22.8% 55% 16.8% 36%
2001 21.4% 63.8% 15.7% 66.3%
2000 24.3% 92.2% 16.5% 77%
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/mali | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 41.9% in Mali, ranking 92/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Mali
1x
Year Deficit/surplus, % of GDP
Ecuador Mali
2025 -2.88% -1.59%
2024 -1.28% -2.16%
2023 -3.49% -3.05%
2022 0.04% -4.05%
2021 -1.59% -4.12%
2020 -7.38% -4.56%
2019 -3.47% -1.42%
2018 -2.8% -3.97%
2017 -5.77% -2.4%
2016 -10.3% -3.3%
2015 -6.87% -1.53%
2014 -8.11% -2.43%
2013 -8.17% -1.99%
2012 -2.83% -0.8%
2011 -0.13% -2.87%
2010 -1.39% -2.21%
2009 -3.71% -3.19%
2008 0.57% -1.69%
2007 2.66% -2.35%
2006 2.92% 23.7%
2005 0.66% -2.34%
2004 1.94% -2.01%
2003 1.05% -1.01%
2002 0.74% -2.61%
2001 0.03% -2.39%
2000 -0.32% -2.25%
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/mali | 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 Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while Mali ran a deficit in 25 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Ecuador

Mali
1x
Year Consumer prices inflation
Ecuador Mali
2025 0.71% 2.3%
2024 1.55% 3.2%
2023 2.22% 2.1%
2022 3.47% 9.7%
2021 0.13% 3.8%
2020 -0.34% 0.5%
2019 0.27% -3%
2018 -0.22% 1.9%
2017 0.42% 2.4%
2016 1.73% -1.8%
2015 3.97% 1.4%
2014 3.59% 0.9%
2013 2.72% -0.6%
2012 5.1% 5.3%
2011 4.47% 3%
2010 3.55% 1.2%
2009 5.16% 2.4%
2008 8.4% 9.2%
2007 2.28% 1.4%
2006 3.3% 1.6%
2005 2.17% 6.4%
2004 2.74% -3.1%
2003 7.93% -1.3%
2002 12.5% 5%
2001 37.7% 5.2%
2000 96.1% -0.8%
1999 52.2% -1.2%
1998 36.1% 4.1%
1997 30.7% -0.7%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 2.09% in Mali. In 2025, inflation was 0.71% in Ecuador and 2.3% in Mali.

Balance of trade

Ecuador Mali
Current account balance
$7.7B
2025
-$1.16B
2024
Current account balance ranking
28/190
2025
122/190
2024
Current account balance, % of GDP
+5.91%
2025
-4.33%
2024
Goods imports
$31.1B
2025
$5.49B
2024
Goods exports
$37.4B
2025
$5.48B
2024
Service imports
$6.22B
2025
$1.8B
2024
Service exports
$4.14B
2025
$516M
2024
Imports of goods and services, % of GDP
27.9%
2025
26.7%
2025
Exports of goods and services, % of GDP
31.4%
2025
22.1%
2025

Economic freedom indices

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

Ecuador Mali
Economic freedom 55.6 52.1
Economic freedom ranking 127/197 150/197
Property rights 33.2 13.8
Government integrity 33 23.2
Judicial effectiveness 48.1 23.3
Tax burden 74.2 67.9
Government spending 54.9 81.8
Fiscal health 90.3 73.6
Business freedom 64.3 40.8
Labor freedom 56.9 54.1
Monetary freedom 76.3 78.2
Trade freedom 66.4 64
Investment freedom 30 65
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Mali
1x
Year Economic freedom index
Ecuador Mali
2026 55.6 52.1
2025 55.8 52.6
2024 55 52.5
2023 55 54.5
2022 54.3 55.9
2021 52.4 55.6
2020 51.3 55.9
2019 46.9 58.1
2018 48.5 57.6
2017 49.3 58.6
2016 48.6 56.5
2015 49.2 56.4
2014 48 55.5
2013 46.9 56.4
2012 48.3 55.8
2011 47.1 56.3
2010 49.3 55.6
2009 52.5 55.6
2008 55.2 55.6
2007 55.3 54.7
2006 54.6 54.1
2005 52.9 57.3
2004 54.4 56.6
2003 54.1 58.6
2002 53.1 61.1
2001 55.1 60.1
2000 59.8 60.3
1999 62.9 58.4
1998 62.8 57.3
1997 61 56.4
1996 60.1 57
1995 57.7 52.4

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Mali
Services, % of GDP
57%
2025
36.6%
2025
Industry, % of GDP
25.7%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
33%
2025
GNI, Atlas method
$126B
2025
$28.3B
2025
GNI per capita, PPP
$16,290
2025
$3,400
2025
Total reserves including gold
$9.8B
2025
n/a
Total reserves ranking
79/177
2025
n/a
Net foreign direct investment
-$1.3B
2025
-$843M
2024
Net inflows of foreign direct investment
$446M
2024
$921M
2024
Net outflows of foreign direct investment
$0
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
1.42%
2024
Poverty at national poverty lines
21.4%
2025
43.3%
2024
Gross capital formation, % of GDP
20.9%
2025
20%
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/mali | 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 (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)

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.