Ecuador vs Montenegro: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Ecuador and Montenegro ranked 150th vs 67th and 96th vs 81st, respectively.

Gross Domestic Product & Income

StatEcuadorMontenegro
GDP$108.4B$5.5B
GDP growth, 1 year1.1%4.5%
GDP growth, 5-years average1.2%3.5%
Population16.6M622k
GDP per capita$6.3k$8.8k
GDP per capita growth-0.4%5.08%
Purchasing Power Parity conversion factor0.540.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.43
GDP per capita, PPP adjusted$12k$19k
GNI, Atlas method$104.4B$5.2B
GNI per capita$6.1k$8.4k
GNI, PPP adjusted$195.1B$13B
GNI per capita, PPP adjusted$11k$21k

Financial system and Human development

StatEcuadorMontenegro
Income Tax Rate35%9%
Corporate Tax Rate25%9%
Inflation, consumer prices-0.2%2.6%
Inflation, GDP deflator2.5%3.2%
Unemployment3.9%15.5%
Economic Freedom Index51.361.5
Personal Freedom Index7.428.12
Human Freedom Index6.77.67
Property Rights Index40.459.1
Judical Effectiveness Index20.755.3
Business Freedom Index53.870.8
Fiscal Health Index62.323.4
Labor Freedom Index4874.8
Investment Freedom Index3575
Financial Freedom Index4050
Trade Freedom Index6683.8
Monetary Freedom Index8180.3
Government Spending Index57.932.1
Tax Burden Index77.585.4
Government Integrity Index33.447.5
Corruption Perceptions Index3445
Life expectancy at birth, years76.676.7
Suicide mortality rate, per 100,000 people7.110.3
Mortality caused by road traffic injury, per 100,000 people21.310.7
Intentional homicides, per 100,000 people5.82.4
International tourism, number of arrivals2.5M2.1M

Government debt & reserves

StatEcuadorMontenegro
Central government debt, % of GDP46.1%72.1%
External debt stocks, % of GNI42.6%144.1%
External debt stocks$45B$8B
Short-term debt, % of total reserves34.8%17.2%
Total debt service, % of exports and primary income36.7%63.7%
Adjusted net savings including particulate emission damage, % of GNI11.4%N/A
Gross savings, % of GDP25.3%14.9%
Gross capital formation, % of GDP26%31.9%
Total reserves including gold$2.2B$1.2B
Foreign direct investment net inflows$1.4B$485.7M

Exports, imports and economic structure

StatEcuadorMontenegro
Exports of goods and services, % of GDP22.8%42.9%
Imports of goods and services, % of GDP23%66.7%
Current account balance (balance of payments)-$1.5B-$943M
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$122.5M$57.7M
Personal remittances received$3B$588.9M
Industry including construction value added, % of GDP32.7%15.9%
Agriculture, forestry and fishing value added, % of GDP9.2%6.7%
Charges for the use of intellectual property, payments BoP$18.9M$6M
Charges for the use of intellectual property, receipts BoPN/A$432k
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP37.5%47.6%

Compare with countries close by GDP per capita

Ecuador vs

CountryGDP
per capita
Population
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
Guatemala
$4.5k
17.3M

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
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