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Economy of Ecuador vs Myanmar compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $74.1B for Myanmar, ranking 62/197 and 85/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Ecuador vs Myanmar GDP by year

Ecuador
Myanmar
1x
Year GDP, current $
Ecuador Myanmar
2024 $124,676,074,700 $74,068,349,524
2023 $121,147,057,000 $66,757,619,000
2022 $116,133,121,000 $62,253,049,903
2021 $107,179,074,000 $66,345,291,149
2020 $95,865,473,000 $79,006,113,670
2019 $107,595,830,000 $75,065,106,243
2018 $107,478,961,000 $67,860,515,993
2017 $104,467,486,000 $66,053,040,475
2016 $97,671,433,000 $63,298,361,984
2015 $97,209,558,000 $59,607,290,408
2014 $102,717,794,000 $65,531,374,210
2013 $96,570,334,000 $60,269,732,855
2012 $87,735,048,000 $59,937,796,648
2011 $78,986,648,000 $59,977,326,086
2010 $68,151,329,000 $49,540,813,342
2009 $60,094,978,000 $36,906,181,381
2008 $61,139,438,000 $31,862,554,102
2007 $49,848,725,000 $20,182,477,481
2006 $45,690,762,000 $14,502,553,710
2005 $40,278,849,000 $11,986,972,419
2004 $35,194,947,000 $10,567,354,056
2003 $30,965,208,000 $10,467,109,978
2002 $27,054,197,000 $6,777,632,512
2001 $23,127,055,000 $6,477,790,688
2000 $17,539,454,727 $8,905,066,164
1999 $19,645,272,636 $8,486,832,801
1998 $27,981,896,948 $6,459,461,639
1997 $28,162,053,027 $4,722,288,496
1996 $25,226,393,197 $6,123,556,717
1995 $24,432,884,442 $5,289,174,943
1994 $22,708,673,337 $4,432,257,174
1993 $18,938,717,359 $3,163,020,035
1992 $18,094,238,119 $2,411,552,289
1991 $16,988,535,268 $2,069,832,687
1990 $15,239,272,612 $2,115,193,513
1989 $13,890,823,705 $2,013,448,229
1988 $13,051,881,851 $1,541,088,312
1987 $13,945,426,859 $1,562,448,077
1986 $15,314,138,472 $1,582,873,750
1985 $17,149,088,413 $1,478,908,173
1984 $16,912,509,092 $1,304,063,253
1983 $17,152,477,037 $1,381,573,615
1982 $19,929,846,396 $1,481,165,468
1981 $21,810,759,354 $1,111,000,765
1980 $17,881,508,242 $1,038,225,167
1979 $14,175,160,902 $952,265,043
1978 $11,922,497,876 $935,408,775
1977 $11,026,342,618 $873,579,932
1976 $9,091,921,030 $1,204,699,849
1975 $7,731,674,472 $1,061,107,354
1974 $6,599,257,044 $1,225,589,878
1973 $3,891,754,150 $719,754,655
1972 $3,185,986,087 $662,213,083
1971 $2,754,219,271 $587,448,405
1970 $2,862,503,139 $563,555,631
1969 $3,112,165,727 $571,854,215
1968 $2,582,179,864 $559,956,130
1967 $2,553,595,172 $420,359,036
1966 $2,429,308,639 $293,103,479
1965 $2,387,047,396 $367,053,117
1964 $2,244,146,103 $411,419,906
1963 $1,824,343,871 $598,998,419
1962 $1,518,207,703 $634,528,872
1961 $1,753,850,955 $605,581,577
1960 $2,069,464,937 $545,098,448

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

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

GDP per capita in Ecuador vs Myanmar by year

Ecuador
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $1,359 $5,997
2023 $6,738 $15,919 $1,233 $5,953
2022 $6,516 $15,198 $1,158 $5,732
2021 $6,061 $13,507 $1,243 $5,178
2020 $5,464 $11,527 $1,490 $5,741
2019 $6,205 $12,543 $1,426 $6,101
2018 $6,304 $12,187 $1,298 $5,581
2017 $6,233 $11,793 $1,273 $4,706
2016 $5,918 $10,881 $1,229 $4,460
2015 $5,976 $10,878 $1,167 $4,459
2014 $6,406 $11,836 $1,293 $4,376
2013 $6,109 $11,296 $1,199 $4,144
2012 $5,634 $10,245 $1,203 $3,845
2011 $5,154 $9,769 $1,214 $3,579
2010 $4,520 $8,969 $1,011 $3,348
2009 $4,053 $8,662 $758 $3,040
2008 $4,195 $8,663 $658 $2,748
2007 $3,479 $8,112 $419 $2,459
2006 $3,244 $7,885 $303 $2,153
2005 $2,909 $7,457 $252.7 $1,860
2004 $2,586 $6,980 $224.5 $1,601
2003 $2,316 $6,475 $224.3 $1,385
2002 $2,059 $6,282 $146.6 $1,204
2001 $1,791 $5,999 $141.5 $1,069
2000 $1,382 $5,728 $196.6 $949
1999 $1,575 $5,638 $189.5 $825
1998 $2,284 $5,940 $146 $742
1997 $2,341 $5,793 $108 $702
1996 $2,136 $5,560 $141.9 $661
1995 $2,108 $5,469 $124.1 $618
1994 $1,997 $5,339 $105.4 $573
1993 $1,698 $5,112 $76.2 $529
1992 $1,655 $4,998 $58.9 $494
1991 $1,587 $4,887 $51.2 $447
1990 $1,455 $4,632 $53.1 $441
1989 $1,356 - $51.3 -
1988 $1,304 - $39.9 -
1987 $1,426 - $41.1 -
1986 $1,604 - $42.4 -
1985 $1,842 - $40.4 -
1984 $1,864 - $36.3 -
1983 $1,940 - $39.3 -
1982 $2,314 - $43 -
1981 $2,601 - $32.8 -
1980 $2,190 - $31.2 -
1979 $1,783 - $29.2 -
1978 $1,541 - $29.3 -
1977 $1,465 - $27.9 -
1976 $1,242 - $39.2 -
1975 $1,086 - $35.2 -
1974 $954 - $41.4 -
1973 $579 - $24.8 -
1972 $488 - $23.3 -
1971 $434 - $21.1 -
1970 $465 - $20.7 -
1969 $521 - $21.5 -
1968 $445 - $21.5 -
1967 $454 - $16.5 -
1966 $445 - $11.8 -
1965 $450 - $15.1 -
1964 $436 - $17.3 -
1963 $365 - $25.8 -
1962 $312 - $27.9 -
1961 $371 - $27.3 -
1960 $451 - $25.1 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Myanmar ranks 153rd at $5,997.

Economic indicators

Ecuador Myanmar
Gross domestic product
$125B
2024
$74.1B
2024
GDP rank
62/197
2024
85/197
2024
GDP growth
-2%
2023-2024
-0.97%
2023-2024
GDP per capita
$6,875
2024
$1,359
2024
GDP per capita rank
103/197
2024
165/197
2024
GDP per capita, PPP
$15,840
2024
$5,997
2024
GDP per capita PPP rank
110/197
2024
153/197
2024
Government debt
$67B
2024
$44B
2024
Debt-to-GDP ratio
53.8%
2024
59.3%
2024
Government debt per person
$3,695
2024
$806
2024
Government debt per person rank
93/185
2024
150/185
2024
Average annual personal income after taxes
$5,894
2026
$1,646
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
25.5%
2017
Income share by poorest 10%
1.5%
2024
3.8%
2017
Government expenditure, % of GDP
38.1%
2024
20.7%
2024
Consumer prices inflation
1.55%
2023-2024
8.83%
2018-2019
Unemployment rate
3.39%
2024
1.48%
2020
Population
18487749
55292116

Spending and national debt comparison by year

Ecuador
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Ecuador Myanmar
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 20.7% 59.3%
2023 39.5% 54.3% 21.4% 59.1%
2022 38.9% 57.2% 21.3% 56.1%
2021 37.5% 61.8% 20.9% 63.4%
2020 40.2% 63.6% 21.3% 49.1%
2019 39.8% 52.1% 20.5% 37.6%
2018 40.9% 49.5% 18.7% 39.9%
2017 40.5% 47.4% 19.7% 41.9%
2016 44.1% 46.1% 21.3% 35.7%
2015 44.1% 36.4% 23.7% 36.6%
2014 45.9% 28.2% 24.7% 34.5%
2013 46.7% 23.4% 23.9% 44.8%
2012 43.2% 19.3% 20% 48%
2011 39.6% 18.6% 15.6% 49.9%
2010 35.4% 18.4% 15.8% 54.4%
2009 34.3% 19.7% 14.4% 56.4%
2008 35.6% 24.9% 14.4% 59.8%
2007 24.7% 29.6% 15.7% 77.4%
2006 21.7% 33.1% 15.6% 103.1%
2005 22% 35.8% 14.6% 119%
2004 21.3% 40.2% 14.6% 126.6%
2003 21.3% 47.2% 14.3% 146%
2002 22.8% 55% 15.3% 190.6%
2001 21.4% 63.8% 19.1% 262%
2000 24.3% 92.2% 21.4% 164.5%
1999 24.1% 105.2% 22.8% 150.7%
1998 21.5% 70.3% 25.2% 208.6%
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/myanmar | CC BY

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 59.3% in Myanmar, ranking 98/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Myanmar
1x
Year Deficit/surplus, % of GDP
Ecuador Myanmar
2024 -1.28% -5.06%
2023 -3.48% -5.18%
2022 0.04% -2.82%
2021 -1.59% -2.47%
2020 -7.38% -6.5%
2019 -3.47% -4.7%
2018 -2.8% -2.77%
2017 -5.77% -3.42%
2016 -10.3% -2.53%
2015 -6.87% -4.33%
2014 -8.11% -1.06%
2013 -8.17% -1.53%
2012 -2.83% -2.7%
2011 -0.13% -4.82%
2010 -1.39% -5.4%
2009 -3.71% -3.55%
2008 0.57% -2.73%
2007 2.66% -3.52%
2006 2.92% -3.42%
2005 0.66% -3.49%
2004 1.94% -4.62%
2003 1.05% -4.24%
2002 0.74% -4.01%
2001 0.03% -6.34%
2000 -0.32% -6.03%
1999 -4.82% -4.46%
1998 -5.1% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Ecuador recorded a fiscal deficit in 18 of those years, while Myanmar ran a deficit in 27 years. On average, Ecuador posted an annual deficit equal to 2.48% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Ecuador

Myanmar
1x
Year Consumer prices inflation
Ecuador Myanmar
2024 1.55% -
2023 2.22% -
2022 3.47% -
2021 0.13% -
2020 -0.34% -
2019 0.27% 8.83%
2018 -0.22% 6.87%
2017 0.42% 4.57%
2016 1.73% 6.93%
2015 3.97% 9.45%
2014 3.59% 4.95%
2013 2.72% 5.64%
2012 5.1% 1.47%
2011 4.47% 5.02%
2010 3.55% 7.72%
2009 5.16% 1.47%
2008 8.4% 26.8%
2007 2.28% 35%
2006 3.3% 20%
2005 2.17% 9.37%
2004 2.74% 4.53%
2003 7.93% 36.6%
2002 12.5% 57.1%
2001 37.7% 21.1%
2000 96.1% -0.11%
1999 52.2% 18.4%
1998 36.1% 51.5%
1997 30.7% 29.7%

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

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

Over the past 23 years, Ecuador has recorded an average annual inflation rate of 14%, compared with 16.2% in Myanmar. In 2019, inflation was 1.55% in Ecuador and 8.83% in Myanmar.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $384K
Miscellaneous $3K
Myanmar
Export category Export value
Textiles & consumer goods $625K
Chemicals & pharma $63K
Wood & paper products $6K
Raw materials & minerals $5K

Balance of trade

Ecuador Myanmar
Current account balance
$7.06B
2024
$67.7M
2019
Current account balance ranking
27/190
2024
71/190
2019
Current account balance, % of GDP
+5.66%
2024
+0.09%
2019
Goods imports
$27.9B
2024
$13.7B
2019
Goods exports
$34.7B
2024
$10.8B
2019
Service imports
$6.18B
2024
$3.66B
2019
Service exports
$3.86B
2024
$6.68B
2019
Imports of goods and services, % of GDP
26.9%
2024
n/a
Exports of goods and services, % of GDP
30.3%
2024
24.3%
2025

Economic freedom indices

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

Ecuador Myanmar
Economic freedom 55.6 44.5
Economic freedom ranking 127/197 180/197
Property rights 33.2 5.7
Government integrity 33 18.1
Judicial effectiveness 48.1 3.9
Tax burden 74.2 88.6
Government spending 54.9 86.6
Fiscal health 90.3 62.7
Business freedom 64.3 37.9
Labor freedom 56.9 53.2
Monetary freedom 76.3 57.5
Trade freedom 66.4 69.4
Investment freedom 30 30
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Myanmar
1x
Year Economic freedom index
Ecuador Myanmar
2026 55.6 44.5
2025 55.8 43.7
2024 55 42.2
2023 55 46.5
2022 54.3 49.6
2021 52.4 55.2
2020 51.3 54
2019 46.9 53.6
2018 48.5 53.9
2017 49.3 52.5
2016 48.6 48.7
2015 49.2 46.9
2014 48 46.5
2013 46.9 39.2
2012 48.3 38.7
2011 47.1 37.8
2010 49.3 36.7
2009 52.5 37.7
2008 55.2 39.5
2007 55.3 41
2006 54.6 40
2005 52.9 40.5
2004 54.4 43.6
2003 54.1 44.9
2002 53.1 45.5
2001 55.1 46.1
2000 59.8 47.9
1999 62.9 46.4
1998 62.8 45.7
1997 61 45.4
1996 60.1 45.1
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Myanmar
Services, % of GDP
57.2%
2024
41.4%
2024
Industry, % of GDP
26.5%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
20.8%
2024
GNI, Atlas method
$117B
2024
$65.9B
2024
GNI per capita, PPP
$15,410
2024
$5,890
2024
Total reserves including gold
$6.91B
2024
$9.34B
2023
Total reserves ranking
87/177
2024
81/177
2023
Net foreign direct investment
-$438M
2024
-$1.74B
2019
Net inflows of foreign direct investment
$443M
2024
$1.1B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7%
2024
1.31%
2024
Poverty at national poverty lines
28%
2024
24.8%
2017
Gross capital formation, % of GDP
18.5%
2024
n/a

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/myanmar | 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 (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.