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Economy of Ecuador vs Nepal compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $45.5B for Nepal, ranking 64/197 and 102/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $21.9B (48.1% of GDP) in Nepal.

Ecuador vs Nepal GDP by year

Ecuador
Nepal
1x
Year GDP, current $
Ecuador Nepal
2025 $130,320,560,400 $45,489,810,283
2024 $123,802,374,000 $43,298,911,700
2023 $120,792,801,000 $41,049,329,851
2022 $116,133,121,000 $41,182,939,520
2021 $107,179,074,000 $36,924,841,394
2020 $95,865,473,000 $33,433,659,301
2019 $107,595,830,000 $34,186,180,699
2018 $107,478,961,000 $33,111,525,237
2017 $104,467,486,000 $28,971,588,940
2016 $97,671,433,000 $24,524,109,484
2015 $97,209,558,000 $24,360,801,287
2014 $102,717,794,000 $22,731,612,922
2013 $96,570,334,000 $22,162,204,925
2012 $87,735,048,000 $21,703,100,877
2011 $78,986,648,000 $21,573,872,421
2010 $68,151,329,000 $16,002,656,434
2009 $60,094,978,000 $12,854,985,464
2008 $61,139,438,000 $12,545,438,605
2007 $49,848,725,000 $10,325,618,017
2006 $45,690,762,000 $9,043,715,356
2005 $40,278,849,000 $8,130,258,378
2004 $35,194,947,000 $7,273,938,315
2003 $30,965,208,000 $6,330,473,097
2002 $27,054,197,000 $6,050,875,807
2001 $23,127,055,000 $6,007,055,042
2000 $17,539,454,727 $5,494,252,208
1999 $19,645,272,636 $5,033,642,384
1998 $27,981,896,948 $4,856,255,044
1997 $28,162,053,027 $4,918,691,917
1996 $25,226,393,197 $4,521,580,381
1995 $24,432,884,442 $4,401,104,418
1994 $22,708,673,337 $4,066,775,510
1993 $18,938,717,359 $3,660,041,667
1992 $18,094,238,119 $3,401,211,581
1991 $16,988,535,268 $3,921,476,085
1990 $15,239,272,612 $3,627,560,239
1989 $13,890,823,705 $3,525,225,787
1988 $13,051,881,851 $3,487,009,748
1987 $13,945,426,859 $2,957,255,380
1986 $15,314,138,472 $2,850,782,044
1985 $17,149,088,413 $2,619,913,956
1984 $16,912,509,092 $2,581,207,388
1983 $17,152,477,037 $2,447,174,803
1982 $19,929,846,396 $2,395,423,742
1981 $21,810,759,354 $2,275,583,317
1980 $17,881,508,242 $1,945,916,583
1979 $14,175,160,902 $1,851,250,008
1978 $11,922,497,876 $1,604,162,497
1977 $11,026,342,618 $1,382,400,000
1976 $9,091,921,030 $1,452,788,985
1975 $7,731,674,472 $1,575,789,254
1974 $6,599,257,044 $1,217,953,547
1973 $3,891,754,150 $972,101,725
1972 $3,185,986,087 $1,024,098,400
1971 $2,754,219,271 $882,765,472
1970 $2,862,503,139 $865,975,309
1969 $3,112,165,727 $788,641,965
1968 $2,582,179,864 $772,231,387
1967 $2,553,595,172 $841,974,025
1966 $2,429,308,639 $906,811,944
1965 $2,387,047,396 $735,267,082
1964 $2,244,146,103 $496,098,775
1963 $1,824,343,871 $496,947,904
1962 $1,518,207,703 $574,091,101
1961 $1,753,850,955 $531,959,562
1960 $2,069,464,937 $508,334,414

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

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

GDP per capita in Ecuador vs Nepal by year

Ecuador
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $1,536 -
2024 $6,827 $15,840 $1,460 $5,737
2023 $6,718 $15,919 $1,382 $5,395
2022 $6,516 $15,198 $1,386 $5,103
2021 $6,061 $13,507 $1,253 $4,546
2020 $5,464 $11,527 $1,154 $4,236
2019 $6,205 $12,543 $1,203 $4,261
2018 $6,304 $12,187 $1,179 $3,956
2017 $6,233 $11,793 $1,034 $3,605
2016 $5,918 $10,881 $877 $2,976
2015 $5,976 $10,878 $876 $2,957
2014 $6,406 $11,836 $821 $2,901
2013 $6,109 $11,296 $803 $2,658
2012 $5,634 $10,245 $788 $2,466
2011 $5,154 $9,769 $786 $2,248
2010 $4,520 $8,969 $585 $2,139
2009 $4,053 $8,662 $473 $2,029
2008 $4,195 $8,663 $465 $1,942
2007 $3,479 $8,112 $385 $1,809
2006 $3,244 $7,885 $340 $1,718
2005 $2,909 $7,457 $309 $1,628
2004 $2,586 $6,980 $279.6 $1,542
2003 $2,316 $6,475 $246.4 $1,453
2002 $2,059 $6,282 $238.9 $1,390
2001 $1,791 $5,999 $240.8 $1,388
2000 $1,382 $5,728 $223.8 $1,317
1999 $1,575 $5,638 $208.6 $1,234
1998 $2,284 $5,940 $205.1 $1,187
1997 $2,341 $5,793 $211.8 $1,162
1996 $2,136 $5,560 $198.8 $1,110
1995 $2,108 $5,469 $197.8 $1,058
1994 $1,997 $5,339 $187.3 $1,026
1993 $1,698 $5,112 $172.8 $952
1992 $1,655 $4,998 $165 $920
1991 $1,587 $4,887 $195.7 $889
1990 $1,455 $4,632 $185.8 $830
1989 $1,356 - $185 -
1988 $1,304 - $187.1 -
1987 $1,426 - $162 -
1986 $1,604 - $159.5 -
1985 $1,842 - $149.9 -
1984 $1,864 - $151.1 -
1983 $1,940 - $146.6 -
1982 $2,314 - $147 -
1981 $2,601 - $142.9 -
1980 $2,190 - $125.1 -
1979 $1,783 - $121.9 -
1978 $1,541 - $108.1 -
1977 $1,465 - $95.3 -
1976 $1,242 - $102.5 -
1975 $1,086 - $113.6 -
1974 $954 - $89.8 -
1973 $579 - $73.2 -
1972 $488 - $78.8 -
1971 $434 - $69.5 -
1970 $465 - $69.6 -
1969 $521 - $64.8 -
1968 $445 - $64.9 -
1967 $454 - $72.3 -
1966 $445 - $79.5 -
1965 $450 - $65.8 -
1964 $436 - $45.3 -
1963 $365 - $46.3 -
1962 $312 - $54.6 -
1961 $371 - $51.6 -
1960 $451 - $50.2 -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $1,536 in Nepal, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Nepal ranks 155th at $5,737.

Economic indicators

Ecuador Nepal
Gross domestic product
$130B
2025
$45.5B
2025
GDP rank
64/197
2025
102/197
2025
GDP growth
3.73%
2024-2025
4.43%
2024-2025
GDP per capita
$7,125
2025
$1,536
2025
GDP per capita rank
102/197
2025
165/197
2025
GDP per capita, PPP
$15,840
2024
$5,737
2024
GDP per capita PPP rank
110/197
2024
155/197
2024
Government debt
$70.9B
2025
$21.9B
2025
Debt-to-GDP ratio
54.4%
2025
48.1%
2025
Government debt per person
$3,877
2025
$740
2025
Government debt per person rank
94/185
2025
154/185
2025
Average annual personal income after taxes
$6,605
2026
$1,743
2026
Market capitalization of domestic companies
$747M
2000
n/a
Number of billionaires n/a
2
2026
Income share by richest 10%
35.1%
2025
24.2%
2022
Income share by poorest 10%
1.7%
2025
3.7%
2022
Government expenditure, % of GDP
38.4%
2025
21.8%
2025
Consumer prices inflation
0.71%
2024-2025
2.65%
2024-2025
Unemployment rate
3.23%
2025
10.7%
2017
Population
18524711
29619950

Spending and national debt comparison by year

Ecuador
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Ecuador Nepal
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 21.8% 48.1%
2024 38.3% 54.1% 21.8% 48.3%
2023 39.6% 54.5% 25.1% 47%
2022 38.9% 57.2% 26.1% 42.7%
2021 37.5% 61.8% 27.2% 43.3%
2020 40.2% 63.6% 28.5% 43.3%
2019 39.8% 52.1% 27.1% 34%
2018 40.9% 49.5% 28% 31.1%
2017 40.5% 47.4% 23.6% 25%
2016 44.1% 46.1% 19% 25%
2015 44.1% 36.4% 17.7% 25.7%
2014 45.9% 28.2% 16.6% 27.6%
2013 46.7% 23.4% 15.5% 31.9%
2012 43.2% 19.3% 16.8% 34.5%
2011 39.6% 18.6% 16.3% 32.4%
2010 35.4% 18.4% 16.5% 35.4%
2009 34.3% 19.7% 17% 39.5%
2008 35.6% 24.9% 13.4% 36.8%
2007 24.7% 29.6% 13.1% 37.9%
2006 21.7% 33.1% 11.2% 42.9%
2005 22% 35.8% 12% 45.1%
2004 21.3% 40.2% 11.8% 51.3%
2003 21.3% 47.2% 12% 53%
2002 22.8% 55% 13% 51.8%
2001 21.4% 63.8% 12.9% 50.8%
2000 24.3% 92.2% 11.4% 50.8%
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/nepal | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Nepal spent $9.93B, or 21.8% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 48.1% in Nepal, ranking 92/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Nepal
1x
Year Deficit/surplus, % of GDP
Ecuador Nepal
2025 -2.88% -1.86%
2024 -1.28% -2.46%
2023 -3.49% -5.81%
2022 0.04% -3.12%
2021 -1.59% -3.98%
2020 -7.38% -7.47%
2019 -3.47% -4.27%
2018 -2.8% -5.83%
2017 -5.77% -2.69%
2016 -10.3% 1.2%
2015 -6.87% 0.46%
2014 -8.11% 1.36%
2013 -8.17% 1.57%
2012 -2.83% -1.18%
2011 -0.13% -0.72%
2010 -1.39% -0.67%
2009 -3.71% -2.24%
2008 0.57% -0.29%
2007 2.66% -0.67%
2006 2.92% 0.24%
2005 0.66% 0.24%
2004 1.94% -0.14%
2003 1.05% -0.34%
2002 0.74% -2.46%
2001 0.03% -2.35%
2000 -0.32% -1.48%
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/nepal | 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 Nepal's deficit of $845M, or 1.86% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while Nepal ran a deficit in 20 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to deficit of 1.73% of GDP for Nepal.

Inflation comparison by year

Inflation
Ecuador

Nepal
1x
Year Consumer prices inflation
Ecuador Nepal
2025 0.71% 2.65%
2024 1.55% 4.69%
2023 2.22% 7.12%
2022 3.47% 7.67%
2021 0.13% 4.13%
2020 -0.34% 5.06%
2019 0.27% 5.57%
2018 -0.22% 4.41%
2017 0.42% 2.78%
2016 1.73% 8.79%
2015 3.97% 7.87%
2014 3.59% 8.36%
2013 2.72% 9.04%
2012 5.1% 9.46%
2011 4.47% 9.23%
2010 3.55% 9.33%
2009 5.16% 11.1%
2008 8.4% 9.91%
2007 2.28% 2.27%
2006 3.3% 6.92%
2005 2.17% 6.84%
2004 2.74% 2.84%
2003 7.93% 5.71%
2002 12.5% 3.03%
2001 37.7% 2.69%
2000 96.1% 2.48%
1999 52.2% 7.45%
1998 36.1% 11.2%
1997 30.7% 4.01%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 6.3% in Nepal. In 2025, inflation was 0.71% in Ecuador and 2.65% in Nepal.

Top exports between countries

Ecuador
Export category Export value
Chemicals & pharma $1K
Nepal
Export category Export value
Textiles & consumer goods $9K
Chemicals & pharma $2K

Balance of trade

Ecuador Nepal
Current account balance
$7.7B
2025
$1.68B
2024
Current account balance ranking
28/190
2025
47/190
2024
Current account balance, % of GDP
+5.91%
2025
+3.88%
2024
Goods imports
$31.1B
2025
$12.1B
2024
Goods exports
$37.4B
2025
$1.54B
2024
Service imports
$6.22B
2025
$2.27B
2024
Service exports
$4.14B
2025
$1.9B
2024
Imports of goods and services, % of GDP
27.9%
2025
33.7%
2025
Exports of goods and services, % of GDP
31.4%
2025
8.83%
2025

Economic freedom indices

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

Ecuador Nepal
Economic freedom 55.6 52.9
Economic freedom ranking 127/197 144/197
Property rights 33.2 38.8
Government integrity 33 38.9
Judicial effectiveness 48.1 42.9
Tax burden 74.2 84.3
Government spending 54.9 82.1
Fiscal health 90.3 71
Business freedom 64.3 60.8
Labor freedom 56.9 48.2
Monetary freedom 76.3 69.4
Trade freedom 66.4 58.6
Investment freedom 30 10
Financial freedom 40 30

Economic freedom comparison by year

Ecuador
Nepal
1x
Year Economic freedom index
Ecuador Nepal
2026 55.6 52.9
2025 55.8 52.5
2024 55 52.1
2023 55 51.4
2022 54.3 49.7
2021 52.4 50.7
2020 51.3 54.2
2019 46.9 53.8
2018 48.5 54.1
2017 49.3 55.1
2016 48.6 50.9
2015 49.2 51.3
2014 48 50.1
2013 46.9 50.4
2012 48.3 50.2
2011 47.1 50.1
2010 49.3 52.7
2009 52.5 53.2
2008 55.2 54.1
2007 55.3 54.4
2006 54.6 53.7
2005 52.9 51.4
2004 54.4 51.2
2003 54.1 51.5
2002 53.1 52.3
2001 55.1 51.6
2000 59.8 51.3
1999 62.9 53.1
1998 62.8 53.5
1997 61 53.6
1996 60.1 50.3
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Nepal
Services, % of GDP
57%
2025
54.4%
2025
Industry, % of GDP
25.7%
2025
12.1%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
21.6%
2025
GNI, Atlas method
$126B
2025
$46.5B
2025
GNI per capita, PPP
$16,290
2025
$6,250
2025
Total reserves including gold
$9.8B
2025
$21.1B
2025
Total reserves ranking
79/177
2025
65/177
2025
Net foreign direct investment
-$1.3B
2025
-$56.9M
2024
Net inflows of foreign direct investment
$446M
2024
$56.9M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
1.22%
2024
Poverty at national poverty lines
21.4%
2025
20.3%
2022
Gross capital formation, % of GDP
20.9%
2025
29.4%
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/nepal | 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. TradeMap (2020–2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.