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Economy of Ecuador vs Mozambique compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $22.7B for Mozambique, ranking 62/197 and 123/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Ecuador vs Mozambique GDP by year

Ecuador
Mozambique
1x
Year GDP, current $
Ecuador Mozambique
2024 $124,676,074,700 $22,745,341,305
2023 $121,147,057,000 $20,921,079,533
2022 $116,133,121,000 $18,883,528,581
2021 $107,179,074,000 $16,168,055,475
2020 $95,865,473,000 $14,235,420,174
2019 $107,595,830,000 $15,512,759,047
2018 $107,478,961,000 $15,017,358,953
2017 $104,467,486,000 $13,264,640,646
2016 $97,671,433,000 $12,069,051,237
2015 $97,209,558,000 $16,208,985,770
2014 $102,717,794,000 $17,978,246,586
2013 $96,570,334,000 $17,198,073,057
2012 $87,735,048,000 $16,688,114,144
2011 $78,986,648,000 $14,619,279,989
2010 $68,151,329,000 $11,411,894,724
2009 $60,094,978,000 $12,263,894,790
2008 $61,139,438,000 $12,920,340,965
2007 $49,848,725,000 $10,811,456,006
2006 $45,690,762,000 $9,509,835,537
2005 $40,278,849,000 $8,868,504,900
2004 $35,194,947,000 $7,937,255,565
2003 $30,965,208,000 $6,583,526,861
2002 $27,054,197,000 $5,950,769,427
2001 $23,127,055,000 $5,650,154,067
2000 $17,539,454,727 $5,930,685,215
1999 $19,645,272,636 $6,285,219,691
1998 $27,981,896,948 $5,551,118,149
1997 $28,162,053,027 $4,873,663,775
1996 $25,226,393,197 $4,030,146,135
1995 $24,432,884,442 $3,061,646,174
1994 $22,708,673,337 $2,958,108,170
1993 $18,938,717,359 $2,883,161,897
1992 $18,094,238,119 $2,798,696,511
1991 $16,988,535,268 $3,854,856,435
1990 $15,239,272,612 -
1989 $13,890,823,705 -
1988 $13,051,881,851 -
1987 $13,945,426,859 -
1986 $15,314,138,472 -
1985 $17,149,088,413 -
1984 $16,912,509,092 -
1983 $17,152,477,037 -
1982 $19,929,846,396 -
1981 $21,810,759,354 -
1980 $17,881,508,242 -
1979 $14,175,160,902 -
1978 $11,922,497,876 -
1977 $11,026,342,618 -
1976 $9,091,921,030 -
1975 $7,731,674,472 -
1974 $6,599,257,044 -
1973 $3,891,754,150 -
1972 $3,185,986,087 -
1971 $2,754,219,271 -
1970 $2,862,503,139 -
1969 $3,112,165,727 -
1968 $2,582,179,864 -
1967 $2,553,595,172 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Mozambique by year

Ecuador
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $657 $1,705
2023 $6,738 $15,919 $622 $1,678
2022 $6,516 $15,198 $578 $1,582
2021 $6,061 $13,507 $510 $1,457
2020 $5,464 $11,527 $462 $1,412
2019 $6,205 $12,543 $519 $1,389
2018 $6,304 $12,187 $518 $1,326
2017 $6,233 $11,793 $471 $1,283
2016 $5,918 $10,881 $441 $1,379
2015 $5,976 $10,878 $611 $1,318
2014 $6,406 $11,836 $697 $1,166
2013 $6,109 $11,296 $687 $1,114
2012 $5,634 $10,245 $686 $1,076
2011 $5,154 $9,769 $618 $1,064
2010 $4,520 $8,969 $496 $1,000
2009 $4,053 $8,662 $548 $951
2008 $4,195 $8,663 $592 $916
2007 $3,479 $8,112 $508 $862
2006 $3,244 $7,885 $457 $798
2005 $2,909 $7,457 $437 $721
2004 $2,586 $6,980 $400 $673
2003 $2,316 $6,475 $339 $620
2002 $2,059 $6,282 $314 $580
2001 $1,791 $5,999 $305 $533
2000 $1,382 $5,728 $327 $472
1999 $1,575 $5,638 $354 $468
1998 $2,284 $5,940 $320 $422
1997 $2,341 $5,793 $287.5 $387
1996 $2,136 $5,560 $244.4 $350
1995 $2,108 $5,469 $191.8 $321
1994 $1,997 $5,339 $196.8 $326
1993 $1,698 $5,112 $205.2 $321
1992 $1,655 $4,998 $205.6 $292
1991 $1,587 $4,887 $288.7 $315
1990 $1,455 $4,632 - $296
1989 $1,356 - - -
1988 $1,304 - - -
1987 $1,426 - - -
1986 $1,604 - - -
1985 $1,842 - - -
1984 $1,864 - - -
1983 $1,940 - - -
1982 $2,314 - - -
1981 $2,601 - - -
1980 $2,190 - - -
1979 $1,783 - - -
1978 $1,541 - - -
1977 $1,465 - - -
1976 $1,242 - - -
1975 $1,086 - - -
1974 $954 - - -
1973 $579 - - -
1972 $488 - - -
1971 $434 - - -
1970 $465 - - -
1969 $521 - - -
1968 $445 - - -
1967 $454 - - -
1966 $445 - - -
1965 $450 - - -
1964 $436 - - -
1963 $365 - - -
1962 $312 - - -
1961 $371 - - -
1960 $451 - - -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Mozambique ranks 192nd at $1,705.

Economic indicators

Ecuador Mozambique
Gross domestic product
$125B
2024
$22.7B
2024
GDP rank
62/197
2024
123/197
2024
GDP growth
-2%
2023-2024
2.15%
2023-2024
GDP per capita
$6,875
2024
$657
2024
GDP per capita rank
103/197
2024
189/197
2024
GDP per capita, PPP
$15,840
2024
$1,705
2024
GDP per capita PPP rank
110/197
2024
192/197
2024
Government debt
$67B
2024
$21.2B
2024
Debt-to-GDP ratio
53.8%
2024
93.2%
2024
Government debt per person
$3,695
2024
$612
2024
Government debt per person rank
93/185
2024
159/185
2024
Average annual personal income after taxes
$5,894
2026
$1,778
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
40.8%
2022
Income share by poorest 10%
1.5%
2024
1.7%
2022
Government expenditure, % of GDP
38.1%
2024
33.2%
2024
Consumer prices inflation
1.55%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.39%
2024
6.79%
2022
Population
18487749
36941128

Spending and national debt comparison by year

Ecuador
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Ecuador Mozambique
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 33.2% 93.2%
2023 39.5% 54.3% 33.3% 90.9%
2022 38.9% 57.2% 32.9% 100.3%
2021 37.5% 61.8% 32.1% 104.3%
2020 40.2% 63.6% 33.9% 120%
2019 39.8% 52.1% 28% 98.3%
2018 40.9% 49.5% 32.9% 105.5%
2017 40.5% 47.4% 29.5% 103.8%
2016 44.1% 46.1% 29.1% 124.8%
2015 44.1% 36.4% 32.2% 86%
2014 45.9% 28.2% 39.7% 63.4%
2013 46.7% 23.4% 31.7% 49.5%
2012 43.2% 19.3% 28.1% 36.7%
2011 39.6% 18.6% 28.9% 34.2%
2010 35.4% 18.4% 26.7% 38.6%
2009 34.3% 19.7% 25.7% 39.3%
2008 35.6% 24.9% 21.3% 32.8%
2007 24.7% 29.6% 20.9% 31.2%
2006 21.7% 33.1% 20.1% 40%
2005 22% 35.8% 17% 60.1%
2004 21.3% 40.2% 17.8% 50.8%
2003 21.3% 47.2% 18.6% 63.2%
2002 22.8% 55% 18.6% 63.4%
2001 21.4% 63.8% 20.8% 99.8%
2000 24.3% 92.2% 17.2% 95.8%
1999 24.1% 105.2% 15.6% 94.7%
1998 21.5% 70.3% 14.9% -
1997 22% 61.5% 16.5% -
1996 22.7% 69.3% 14.9% -
1995 22% 70.5% 18.8% -
1994 - - 22.9% -
1993 - - 20.7% -
1992 - - 21.1% -
1991 - - 17.3% -
1990 - - 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 93.2% in Mozambique, ranking 98/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Mozambique
1x
Year Deficit/surplus, % of GDP
Ecuador Mozambique
2024 -1.28% -6.17%
2023 -3.48% -4.26%
2022 0.04% -5.22%
2021 -1.59% -5.23%
2020 -7.38% -6.19%
2019 -3.47% 1.7%
2018 -2.8% -7.39%
2017 -5.77% -2.9%
2016 -10.3% -5.42%
2015 -6.87% -6.55%
2014 -8.11% -9.75%
2013 -8.17% -2.46%
2012 -2.83% -3.45%
2011 -0.13% -4.34%
2010 -1.39% -3.5%
2009 -3.71% -4.35%
2008 0.57% -1.9%
2007 2.66% -2.19%
2006 2.92% -3.03%
2005 0.66% -2.06%
2004 1.94% -3.17%
2003 1.05% -2.64%
2002 0.74% -3.36%
2001 0.03% -4.43%
2000 -0.32% -1.26%
1999 -4.82% -0.31%
1998 -5.1% -1.08%
1997 -2.83% -1.81%
1996 -3.44% -2.07%
1995 -2.02% -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/mozambique | 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 Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Mozambique ran a deficit in 29 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Ecuador

Mozambique
1x
Year Consumer prices inflation
Ecuador Mozambique
2024 1.55% 3.2%
2023 2.22% 7%
2022 3.47% 10.4%
2021 0.13% 6.6%
2020 -0.34% 0.9%
2019 0.27% 5.7%
2018 -0.22% 3.2%
2017 0.42% 15.8%
2016 1.73% 18.4%
2015 3.97% 3.6%
2014 3.59% 2.6%
2013 2.72% 4.3%
2012 5.1% 2.6%
2011 4.47% 11.2%
2010 3.55% 12.4%
2009 5.16% 3.8%
2008 8.4% 14.5%
2007 2.28% 10.4%
2006 3.3% 13.2%
2005 2.17% 6.4%
2004 2.74% 12.6%
2003 7.93% 13.5%
2002 12.5% 16.8%
2001 37.7% 9.1%
2000 96.1% 12.7%
1999 52.2% 2.9%
1998 36.1% 1.5%
1997 30.7% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 8.31% in Mozambique. In 2024, inflation was 1.55% in Ecuador and 3.2% in Mozambique.

Top exports between countries

Ecuador
Export category Export value
Textiles & consumer goods $101K
Animal & marine products $57K
Machinery & equipment $6K
Mozambique
Export category Export value
Machinery & equipment $223K
Textiles & consumer goods $4K

Balance of trade

Ecuador Mozambique
Current account balance
$7.06B
2024
-$2.49B
2024
Current account balance ranking
27/190
2024
150/190
2024
Current account balance, % of GDP
+5.66%
2024
-11%
2024
Goods imports
$27.9B
2024
$8.38B
2024
Goods exports
$34.7B
2024
$8.21B
2024
Service imports
$6.18B
2024
$2.11B
2024
Service exports
$3.86B
2024
$1.15B
2024
Imports of goods and services, % of GDP
26.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
30.3%
2024
42.8%
2024

Economic freedom indices

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

Ecuador Mozambique
Economic freedom 55.6 49.6
Economic freedom ranking 127/197 164/197
Property rights 33.2 29.7
Government integrity 33 25.1
Judicial effectiveness 48.1 43.4
Tax burden 74.2 75.8
Government spending 54.9 67
Fiscal health 90.3 39.1
Business freedom 64.3 40.2
Labor freedom 56.9 47.7
Monetary freedom 76.3 76.2
Trade freedom 66.4 71.2
Investment freedom 30 40
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Mozambique
1x
Year Economic freedom index
Ecuador Mozambique
2026 55.6 49.6
2025 55.8 50.7
2024 55 50.7
2023 55 52.5
2022 54.3 51.3
2021 52.4 51.6
2020 51.3 50.5
2019 46.9 48.6
2018 48.5 46.3
2017 49.3 49.9
2016 48.6 53.2
2015 49.2 54.8
2014 48 55
2013 46.9 55
2012 48.3 57.1
2011 47.1 56.8
2010 49.3 56
2009 52.5 55.7
2008 55.2 55.4
2007 55.3 54.7
2006 54.6 51.9
2005 52.9 54.6
2004 54.4 57.2
2003 54.1 58.6
2002 53.1 57.7
2001 55.1 59.2
2000 59.8 52.2
1999 62.9 48.9
1998 62.8 43
1997 61 44
1996 60.1 48.4
1995 57.7 45.5

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Mozambique
Services, % of GDP
57.2%
2024
41.1%
2024
Industry, % of GDP
26.5%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
25.2%
2024
GNI, Atlas method
$117B
2024
$19.1B
2024
GNI per capita, PPP
$15,410
2024
$1,520
2024
Total reserves including gold
$6.91B
2024
$3.84B
2024
Total reserves ranking
87/177
2024
108/177
2024
Net foreign direct investment
-$438M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$443M
2024
$3.51B
2024
Net outflows of foreign direct investment
$0
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
7%
2024
22.4%
2024
Poverty at national poverty lines
28%
2024
65%
2022
Gross capital formation, % of GDP
18.5%
2024
17.7%
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/mozambique | 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 (1990–2024, 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 (1980–2000, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.