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Economy of Ecuador vs Mauritania compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $10.9B for Mauritania, ranking 62/197 and 153/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Ecuador vs Mauritania GDP by year

Ecuador
Mauritania
1x
Year GDP, current $
Ecuador Mauritania
2024 $124,676,074,700 $10,908,045,687
2023 $121,147,057,000 $10,726,838,461
2022 $116,133,121,000 $9,557,966,698
2021 $107,179,074,000 $9,222,536,364
2020 $95,865,473,000 $8,260,752,385
2019 $107,595,830,000 $7,894,764,886
2018 $107,478,961,000 $7,473,550,557
2017 $104,467,486,000 $6,800,135,898
2016 $97,671,433,000 $6,398,747,592
2015 $97,209,558,000 $6,166,863,897
2014 $102,717,794,000 $6,592,537,782
2013 $96,570,334,000 $7,223,071,097
2012 $87,735,048,000 $6,728,208,836
2011 $78,986,648,000 $6,764,627,746
2010 $68,151,329,000 $5,628,878,798
2009 $60,094,978,000 $4,714,595,548
2008 $61,139,438,000 $5,206,437,194
2007 $49,848,725,000 $4,346,212,355
2006 $45,690,762,000 $3,919,577,286
2005 $40,278,849,000 $2,936,019,526
2004 $35,194,947,000 $2,362,501,023
2003 $30,965,208,000 $2,051,147,607
2002 $27,054,197,000 $1,777,057,481
2001 $23,127,055,000 $1,746,063,558
2000 $17,539,454,727 $1,779,520,886
1999 $19,645,272,636 $1,985,922,776
1998 $27,981,896,948 $2,032,347,665
1997 $28,162,053,027 $2,071,996,564
1996 $25,226,393,197 $2,132,087,009
1995 $24,432,884,442 $2,091,726,101
1994 $22,708,673,337 $1,944,876,755
1993 $18,938,717,359 $1,847,353,211
1992 $18,094,238,119 $2,164,298,425
1991 $16,988,535,268 $2,133,692,697
1990 $15,239,272,612 $1,506,914,408
1989 $13,890,823,705 $1,450,647,019
1988 $13,051,881,851 $1,414,951,290
1987 $13,945,426,859 $1,344,664,725
1986 $15,314,138,472 $1,186,628,778
1985 $17,149,088,413 $1,009,723,326
1984 $16,912,509,092 $1,074,373,230
1983 $17,152,477,037 $1,165,171,263
1982 $19,929,846,396 $1,108,776,653
1981 $21,810,759,354 $1,105,494,682
1980 $17,881,508,242 $1,047,925,106
1979 $14,175,160,902 $951,900,945
1978 $11,922,497,876 $804,629,877
1977 $11,026,342,618 $799,030,017
1976 $9,091,921,030 $775,045,517
1975 $7,731,674,472 $703,377,837
1974 $6,599,257,044 $613,010,553
1973 $3,891,754,150 $493,237,876
1972 $3,185,986,087 $391,669,449
1971 $2,754,219,271 $335,568,907
1970 $2,862,503,139 $309,405,316
1969 $3,112,165,727 $295,062,308
1968 $2,582,179,864 $311,395,937
1967 $2,553,595,172 $282,615,310
1966 $2,429,308,639 $266,533,605
1965 $2,387,047,396 $255,340,475
1964 $2,244,146,103 $224,495,744
1963 $1,824,343,871 $168,186,297
1962 $1,518,207,703 $164,271,558
1961 $1,753,850,955 $159,213,430
1960 $2,069,464,937 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Mauritania by year

Ecuador
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $2,110 $7,369
2023 $6,738 $15,919 $2,136 $6,966
2022 $6,516 $15,198 $1,960 $6,485
2021 $6,061 $13,507 $1,948 $5,837
2020 $5,464 $11,527 $1,796 $5,741
2019 $6,205 $12,543 $1,767 $5,610
2018 $6,304 $12,187 $1,723 $5,429
2017 $6,233 $11,793 $1,615 $5,353
2016 $5,918 $10,881 $1,566 $4,683
2015 $5,976 $10,878 $1,555 $3,978
2014 $6,406 $11,836 $1,713 $3,865
2013 $6,109 $11,296 $1,934 $3,831
2012 $5,634 $10,245 $1,859 $3,465
2011 $5,154 $9,769 $1,931 $3,271
2010 $4,520 $8,969 $1,660 $3,178
2009 $4,053 $8,662 $1,435 $3,159
2008 $4,195 $8,663 $1,636 $3,236
2007 $3,479 $8,112 $1,405 $3,278
2006 $3,244 $7,885 $1,301 $3,342
2005 $2,909 $7,457 $999 $2,809
2004 $2,586 $6,980 $824 $2,570
2003 $2,316 $6,475 $732 $2,447
2002 $2,059 $6,282 $649 $2,296
2001 $1,791 $5,999 $652 $2,280
2000 $1,382 $5,728 $681 $2,304
1999 $1,575 $5,638 $781 $2,411
1998 $2,284 $5,940 $821 $2,355
1997 $2,341 $5,793 $859 $2,325
1996 $2,136 $5,560 $904 $2,436
1995 $2,108 $5,469 $905 $2,306
1994 $1,997 $5,339 $865 $2,114
1993 $1,698 $5,112 $850 $2,209
1992 $1,655 $4,998 $1,036 $2,122
1991 $1,587 $4,887 $1,062 $2,116
1990 $1,455 $4,632 $772 $2,070
1989 $1,356 - $762 -
1988 $1,304 - $762 -
1987 $1,426 - $746 -
1986 $1,604 - $677 -
1985 $1,842 - $593 -
1984 $1,864 - $650 -
1983 $1,940 - $725 -
1982 $2,314 - $710 -
1981 $2,601 - $729 -
1980 $2,190 - $711 -
1979 $1,783 - $664 -
1978 $1,541 - $578 -
1977 $1,465 - $590 -
1976 $1,242 - $589 -
1975 $1,086 - $551 -
1974 $954 - $494 -
1973 $579 - $410 -
1972 $488 - $335 -
1971 $434 - $296 -
1970 $465 - $281.3 -
1969 $521 - $276.6 -
1968 $445 - $301 -
1967 $454 - $281.5 -
1966 $445 - $273.6 -
1965 $450 - $270 -
1964 $436 - $244.3 -
1963 $365 - $188.2 -
1962 $312 - $189 -
1961 $371 - $188.2 -
1960 $451 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Mauritania ranks 147th at $7,369.

Economic indicators

Ecuador Mauritania
Gross domestic product
$125B
2024
$10.9B
2024
GDP rank
62/197
2024
153/197
2024
GDP growth
-2%
2023-2024
6.31%
2023-2024
GDP per capita
$6,875
2024
$2,110
2024
GDP per capita rank
103/197
2024
156/197
2024
GDP per capita, PPP
$15,840
2024
$7,369
2024
GDP per capita PPP rank
110/197
2024
147/197
2024
Government debt
$67B
2024
$4.67B
2024
Debt-to-GDP ratio
53.8%
2024
42.8%
2024
Government debt per person
$3,695
2024
$904
2024
Government debt per person rank
93/185
2024
145/185
2024
Average annual personal income after taxes
$5,894
2026
$2,078
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
24.6%
2019
Income share by poorest 10%
1.5%
2024
3.1%
2019
Government expenditure, % of GDP
38.1%
2024
23.6%
2024
Consumer prices inflation
1.55%
2023-2024
2.49%
2023-2024
Unemployment rate
3.39%
2024
10.4%
2019
Population
18487749
5505206

Spending and national debt comparison by year

Ecuador
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Ecuador Mauritania
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 23.6% 42.8%
2023 39.5% 54.3% 24.8% 47.1%
2022 38.9% 57.2% 28.7% 50.5%
2021 37.5% 61.8% 20.8% 54.5%
2020 40.2% 63.6% 18.5% 56.5%
2019 39.8% 52.1% 17.8% 57.7%
2018 40.9% 49.5% 19% 59.2%
2017 40.5% 47.4% 20.3% 55.7%
2016 44.1% 46.1% 20.8% 57.6%
2015 44.1% 36.4% 25.7% 59.9%
2014 45.9% 28.2% 23.9% 49.5%
2013 46.7% 23.4% 20.1% 40.7%
2012 43.2% 19.3% 21.5% 39.3%
2011 39.6% 18.6% 17% 38.8%
2010 35.4% 18.4% 17.3% 43.9%
2009 34.3% 19.7% 19.6% 54.3%
2008 35.6% 24.9% 19.8% 57.2%
2007 24.7% 29.6% 19.7% 61.5%
2006 21.7% 33.1% 19% 38%
2005 22% 35.8% 21.3% 71.1%
2004 21.3% 40.2% 23.9% 22%
2003 21.3% 47.2% - 22.9%
2002 22.8% 55% - 59.5%
2001 21.4% 63.8% - 63.5%
2000 24.3% 92.2% - 55.5%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 42.8% in Mauritania, ranking 98/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Mauritania
1x
Year Deficit/surplus, % of GDP
Ecuador Mauritania
2024 -1.28% -1.35%
2023 -3.48% -2.45%
2022 0.04% -3.09%
2021 -1.59% 2.6%
2020 -7.38% 2.78%
2019 -3.47% 2.65%
2018 -2.8% 3.23%
2017 -5.77% 0.53%
2016 -10.3% 0.13%
2015 -6.87% -2.44%
2014 -8.11% -2.64%
2013 -8.17% -0.66%
2012 -2.83% 1.67%
2011 -0.13% 0.07%
2010 -1.39% -0.45%
2009 -3.71% -3.59%
2008 0.57% -3.32%
2007 2.66% -1.38%
2006 2.92% 2.05%
2005 0.66% -3.16%
2004 1.94% -3.06%
2003 1.05% -
2002 0.74% -
2001 0.03% -
2000 -0.32% -
1999 -4.82% -
1998 -5.1% -
1997 -2.83% -
1996 -3.44% -
1995 -2.02% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Ecuador's government deficit, the difference between spending and revenue, was $1.59B, equivalent to 1.28% of GDP. This compares to Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, Ecuador recorded a fiscal deficit in 15 of those years, while Mauritania ran a deficit in 12 years. On average, Ecuador posted an annual deficit equal to 2.78% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
Ecuador

Mauritania
1x
Year Consumer prices inflation
Ecuador Mauritania
2024 1.55% 2.49%
2023 2.22% 4.95%
2022 3.47% 9.53%
2021 0.13% 3.57%
2020 -0.34% 2.39%
2019 0.27% 2.3%
2018 -0.22% 3.07%
2017 0.42% 2.25%
2016 1.73% 1.47%
2015 3.97% 3.25%
2014 3.59% 3.53%
2013 2.72% 4.13%
2012 5.1% 4.9%
2011 4.47% 5.69%
2010 3.55% 6.28%
2009 5.16% 2.22%
2008 8.4% 7.35%
2007 2.28% 7.25%
2006 3.3% 6.24%
2005 2.17% 12.1%
2004 2.74% 10.4%
2003 7.93% 5.15%
2002 12.5% 3.9%
2001 37.7% 4.71%
2000 96.1% 3.25%
1999 52.2% 4.07%
1998 36.1% 8.03%
1997 30.7% 4.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 4.97% in Mauritania. In 2024, inflation was 1.55% in Ecuador and 2.49% in Mauritania.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $45K
Miscellaneous $5K
Mauritania
Export category Export value
Animal & marine products $62K

Balance of trade

Ecuador Mauritania
Current account balance
$7.06B
2024
-$1.04B
2024
Current account balance ranking
27/190
2024
124/190
2024
Current account balance, % of GDP
+5.66%
2024
-9.53%
2024
Goods imports
$27.9B
2024
$4.32B
2024
Goods exports
$34.7B
2024
$3.83B
2024
Service imports
$6.18B
2024
$1.05B
2024
Service exports
$3.86B
2024
$230M
2024
Imports of goods and services, % of GDP
26.9%
2024
52.2%
2024
Exports of goods and services, % of GDP
30.3%
2024
41.4%
2024

Economic freedom indices

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

Ecuador Mauritania
Economic freedom 55.6 53.9
Economic freedom ranking 127/197 136/197
Property rights 33.2 32.6
Government integrity 33 24.5
Judicial effectiveness 48.1 26.4
Tax burden 74.2 75.5
Government spending 54.9 80.2
Fiscal health 90.3 87.9
Business freedom 64.3 38.7
Labor freedom 56.9 53.6
Monetary freedom 76.3 77.8
Trade freedom 66.4 59.6
Investment freedom 30 50
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Mauritania
1x
Year Economic freedom index
Ecuador Mauritania
2026 55.6 53.9
2025 55.8 54.9
2024 55 55.3
2023 55 55.3
2022 54.3 55.3
2021 52.4 56.1
2020 51.3 55.3
2019 46.9 55.7
2018 48.5 54
2017 49.3 54.4
2016 48.6 54.8
2015 49.2 53.3
2014 48 53.2
2013 46.9 52.3
2012 48.3 53
2011 47.1 52.1
2010 49.3 52
2009 52.5 53.9
2008 55.2 55.2
2007 55.3 53.6
2006 54.6 55.7
2005 52.9 59.4
2004 54.4 61.8
2003 54.1 59
2002 53.1 52.5
2001 55.1 48.5
2000 59.8 46
1999 62.9 42.8
1998 62.8 43.7
1997 61 47
1996 60.1 45.5
1995 57.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Mauritania
Services, % of GDP
57.2%
2024
42.4%
2024
Industry, % of GDP
26.5%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
19.3%
2024
GNI, Atlas method
$117B
2024
$11B
2024
GNI per capita, PPP
$15,410
2024
$7,300
2024
Total reserves including gold
$6.91B
2024
$2.04B
2021
Total reserves ranking
87/177
2024
126/177
2021
Net foreign direct investment
-$438M
2024
-$1.44B
2024
Net inflows of foreign direct investment
$443M
2024
$1.44B
2024
Net outflows of foreign direct investment
$0
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
7%
2024
3.82%
2024
Poverty at national poverty lines
28%
2024
31.8%
2019
Gross capital formation, % of GDP
18.5%
2024
43.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.