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Economy of Ecuador vs Niger compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $19.9B for Niger, ranking 62/197 and 130/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Ecuador vs Niger GDP by year

Ecuador
Niger
1x
Year GDP, current $
Ecuador Niger
2024 $124,676,074,700 $19,876,128,486
2023 $121,147,057,000 $16,698,786,978
2022 $116,133,121,000 $15,433,852,712
2021 $107,179,074,000 $14,915,002,436
2020 $95,865,473,000 $13,744,653,103
2019 $107,595,830,000 $12,889,555,561
2018 $107,478,961,000 $12,837,307,497
2017 $104,467,486,000 $11,185,104,252
2016 $97,671,433,000 $10,398,861,982
2015 $97,209,558,000 $9,683,867,926
2014 $102,717,794,000 $10,862,943,544
2013 $96,570,334,000 $10,224,897,438
2012 $87,735,048,000 $9,426,912,648
2011 $78,986,648,000 $8,772,950,778
2010 $68,151,329,000 $7,851,192,502
2009 $60,094,978,000 $7,352,131,310
2008 $61,139,438,000 $7,297,600,226
2007 $49,848,725,000 $5,731,485,052
2006 $45,690,762,000 $4,756,361,252
2005 $40,278,849,000 $4,383,315,965
2004 $35,194,947,000 $3,760,443,738
2003 $30,965,208,000 $3,394,084,732
2002 $27,054,197,000 $2,782,192,879
2001 $23,127,055,000 $2,448,714,704
2000 $17,539,454,727 $2,241,753,193
1999 $19,645,272,636 $2,537,789,821
1998 $27,981,896,948 $2,643,363,519
1997 $28,162,053,027 $2,290,318,910
1996 $25,226,393,197 $2,405,686,940
1995 $24,432,884,442 $2,302,537,562
1994 $22,708,673,337 $1,938,058,175
1993 $18,938,717,359 $3,052,673,849
1992 $18,094,238,119 $3,386,232,579
1991 $16,988,535,268 $3,285,796,875
1990 $15,239,272,612 $3,512,356,508
1989 $13,890,823,705 $2,179,567,114
1988 $13,051,881,851 $2,280,356,193
1987 $13,945,426,859 $2,233,006,105
1986 $15,314,138,472 $1,904,096,998
1985 $17,149,088,413 $1,440,581,652
1984 $16,912,509,092 $1,461,243,326
1983 $17,152,477,037 $1,803,099,561
1982 $19,929,846,396 $2,017,612,216
1981 $21,810,759,354 $2,170,893,414
1980 $17,881,508,242 $2,508,524,721
1979 $14,175,160,902 $2,109,277,666
1978 $11,922,497,876 $1,774,365,590
1977 $11,026,342,618 $1,291,458,041
1976 $9,091,921,030 $1,064,517,601
1975 $7,731,674,472 $1,048,690,933
1974 $6,599,257,044 $1,026,137,111
1973 $3,891,754,150 $946,385,105
1972 $3,185,986,087 $742,779,661
1971 $2,754,219,271 $693,573,704
1970 $2,862,503,139 $649,916,621
1969 $3,112,165,727 $625,867,985
1968 $2,582,179,864 $641,214,226
1967 $2,553,595,172 $665,586,872
1966 $2,429,308,639 $702,296,079
1965 $2,387,047,396 $673,383,511
1964 $2,244,146,103 $582,816,396
1963 $1,824,343,871 $586,294,879
1962 $1,518,207,703 $531,736,599
1961 $1,753,850,955 $485,785,231
1960 $2,069,464,937 $449,526,873

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

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

GDP per capita in Ecuador vs Niger by year

Ecuador
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $735 $2,050
2023 $6,738 $15,919 $638 $1,875
2022 $6,516 $15,198 $610 $1,840
2021 $6,061 $13,507 $609 $1,586
2020 $5,464 $11,527 $580 $1,497
2019 $6,205 $12,543 $562 $1,419
2018 $6,304 $12,187 $579 $1,276
2017 $6,233 $11,793 $522 $1,208
2016 $5,918 $10,881 $503 $1,189
2015 $5,976 $10,878 $486 $1,172
2014 $6,406 $11,836 $565 $1,161
2013 $6,109 $11,296 $552 $1,138
2012 $5,634 $10,245 $529 $1,162
2011 $5,154 $9,769 $511 $1,064
2010 $4,520 $8,969 $474 $1,058
2009 $4,053 $8,662 $461 $999
2008 $4,195 $8,663 $475 $1,010
2007 $3,479 $8,112 $387 $955
2006 $3,244 $7,885 $333 $935
2005 $2,909 $7,457 $319 $888
2004 $2,586 $6,980 $283.5 $832
2003 $2,316 $6,475 $265.2 $837
2002 $2,059 $6,282 $225.3 $832
2001 $1,791 $5,999 $205.4 $809
2000 $1,382 $5,728 $194.8 $764
1999 $1,575 $5,638 $228.3 $783
1998 $2,284 $5,940 $246.1 $801
1997 $2,341 $5,793 $220.6 $745
1996 $2,136 $5,560 $239.5 $746
1995 $2,108 $5,469 $237 $757
1994 $1,997 $5,339 $206.2 $748
1993 $1,698 $5,112 $335 $742
1992 $1,655 $4,998 $384 $746
1991 $1,587 $4,887 $384 $738
1990 $1,455 $4,632 $424 $739
1989 $1,356 - $271.3 -
1988 $1,304 - $292.6 -
1987 $1,426 - $295.3 -
1986 $1,604 - $259.6 -
1985 $1,842 - $202.4 -
1984 $1,864 - $211.5 -
1983 $1,940 - $268.8 -
1982 $2,314 - $310 -
1981 $2,601 - $343 -
1980 $2,190 - $409 -
1979 $1,783 - $354 -
1978 $1,541 - $307 -
1977 $1,465 - $229.8 -
1976 $1,242 - $194.8 -
1975 $1,086 - $197.2 -
1974 $954 - $198.3 -
1973 $579 - $187.9 -
1972 $488 - $151.4 -
1971 $434 - $145.2 -
1970 $465 - $139.8 -
1969 $521 - $138.3 -
1968 $445 - $145.6 -
1967 $454 - $155.4 -
1966 $445 - $168.6 -
1965 $450 - $166.3 -
1964 $436 - $148.1 -
1963 $365 - $153.3 -
1962 $312 - $143.2 -
1961 $371 - $134.6 -
1960 $451 - $128.3 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Niger ranks 186th at $2,050.

Economic indicators

Ecuador Niger
Gross domestic product
$125B
2024
$19.9B
2024
GDP rank
62/197
2024
130/197
2024
GDP growth
-2%
2023-2024
10.3%
2023-2024
GDP per capita
$6,875
2024
$735
2024
GDP per capita rank
103/197
2024
187/197
2024
GDP per capita, PPP
$15,840
2024
$2,050
2024
GDP per capita PPP rank
110/197
2024
186/197
2024
Government debt
$67B
2024
$9.39B
2024
Debt-to-GDP ratio
53.8%
2024
47.2%
2024
Government debt per person
$3,695
2024
$347
2024
Government debt per person rank
93/185
2024
173/185
2024
Average annual personal income after taxes
$5,894
2026
$1,163
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
27.8%
2021
Income share by poorest 10%
1.5%
2024
3.8%
2021
Government expenditure, % of GDP
38.1%
2024
13.4%
2024
Consumer prices inflation
1.55%
2023-2024
9.07%
2023-2024
Unemployment rate
3.39%
2024
0.4%
2022
Population
18487749
29080898

Spending and national debt comparison by year

Ecuador
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Ecuador Niger
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 13.4% 47.2%
2023 39.5% 54.3% 15.8% 51.8%
2022 38.9% 57.2% 21.6% 50.6%
2021 37.5% 61.8% 24.3% 51.3%
2020 40.2% 63.6% 22.4% 45%
2019 39.8% 52.1% 21.6% 39.8%
2018 40.9% 49.5% 21.2% 37%
2017 40.5% 47.4% 19.5% 36.5%
2016 44.1% 46.1% 19.4% 32.8%
2015 44.1% 36.4% 24.2% 29.9%
2014 45.9% 28.2% 23.6% 22.1%
2013 46.7% 23.4% 20.4% 19.6%
2012 43.2% 19.3% 16.6% 18.1%
2011 39.6% 18.6% 15.3% 14.7%
2010 35.4% 18.4% 14.3% 15.1%
2009 34.3% 19.7% 17.7% 15.9%
2008 35.6% 24.9% 16.9% 14.2%
2007 24.7% 29.6% 17.4% 17.8%
2006 21.7% 33.1% 15.2% 18.3%
2005 22% 35.8% 15.6% 49.5%
2004 21.3% 40.2% 16.1% 55%
2003 21.3% 47.2% 14% 60.6%
2002 22.8% 55% 14.4% 69%
2001 21.4% 63.8% 13.7% 74%
2000 24.3% 92.2% 13.5% 82.1%
1999 24.1% 105.2% 15% 63.3%
1998 21.5% 70.3% 13.6% 61.3%
1997 22% 61.5% 12.9% 69.1%
1996 22.7% 69.3% 10.9% 63.5%
1995 22% 70.5% 12.5% 69.4%

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/niger | CC BY

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 47.2% in Niger, ranking 98/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Niger
1x
Year Deficit/surplus, % of GDP
Ecuador Niger
2024 -1.28% -4.27%
2023 -3.48% -5.37%
2022 0.04% -6.77%
2021 -1.59% -6.1%
2020 -7.38% -4.82%
2019 -3.47% -3.56%
2018 -2.8% -3.01%
2017 -5.77% -4.12%
2016 -10.3% -4.46%
2015 -6.87% -6.75%
2014 -8.11% -6.12%
2013 -8.17% -1.93%
2012 -2.83% -0.83%
2011 -0.13% -2.19%
2010 -1.39% -0.99%
2009 -3.71% -3.93%
2008 0.57% 1.11%
2007 2.66% -0.75%
2006 2.92% 31%
2005 0.66% -1.53%
2004 1.94% -2.76%
2003 1.05% -2.17%
2002 0.74% -2.21%
2001 0.03% -2.59%
2000 -0.32% -2.83%
1999 -4.82% -4.27%
1998 -5.1% -2.23%
1997 -2.83% -2.39%
1996 -3.44% -0.36%
1995 -2.02% -3.19%

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

GeoRank.org/economy/ecuador/niger | 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 Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Niger ran a deficit in 28 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Ecuador

Niger
1x
Year Consumer prices inflation
Ecuador Niger
2024 1.55% 9.07%
2023 2.22% 3.7%
2022 3.47% 4.23%
2021 0.13% 3.84%
2020 -0.34% 2.9%
2019 0.27% -2.49%
2018 -0.22% 2.97%
2017 0.42% 2.8%
2016 1.73% 1.65%
2015 3.97% -0.58%
2014 3.59% -0.93%
2013 2.72% 2.3%
2012 5.1% 0.46%
2011 4.47% 2.94%
2010 3.55% 0.8%
2009 5.16% 0.58%
2008 8.4% 11.3%
2007 2.28% 0.05%
2006 3.3% 0.04%
2005 2.17% 7.8%
2004 2.74% 0.26%
2003 7.93% -1.61%
2002 12.5% 2.63%
2001 37.7% 4.01%
2000 96.1% 2.9%
1999 52.2% -2.3%
1998 36.1% 4.55%
1997 30.7% 2.93%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 2.39% in Niger. In 2024, inflation was 1.55% in Ecuador and 9.07% in Niger.

Top exports between countries

Ecuador
Export category Export value
Niger
Export category Export value
Machinery & equipment $4K

Balance of trade

Ecuador Niger
Current account balance
$7.06B
2024
-$2.33B
2023
Current account balance ranking
27/190
2024
146/190
2023
Current account balance, % of GDP
+5.66%
2024
-14%
2023
Goods imports
$27.9B
2024
$2.59B
2023
Goods exports
$34.7B
2024
$992M
2023
Service imports
$6.18B
2024
$1.22B
2023
Service exports
$3.86B
2024
$231M
2023
Imports of goods and services, % of GDP
26.9%
2024
22.7%
2024
Exports of goods and services, % of GDP
30.3%
2024
27.3%
2024

Economic freedom indices

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

Ecuador Niger
Economic freedom 55.6 51
Economic freedom ranking 127/197 156/197
Property rights 33.2 16.6
Government integrity 33 33.9
Judicial effectiveness 48.1 28
Tax burden 74.2 78.2
Government spending 54.9 91.4
Fiscal health 90.3 47.6
Business freedom 64.3 32.4
Labor freedom 56.9 54.7
Monetary freedom 76.3 67.9
Trade freedom 66.4 65.8
Investment freedom 30 55
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Niger
1x
Year Economic freedom index
Ecuador Niger
2026 55.6 51
2025 55.8 51.5
2024 55 52.3
2023 55 53.7
2022 54.3 54.9
2021 52.4 57.3
2020 51.3 54.7
2019 46.9 51.6
2018 48.5 49.5
2017 49.3 50.8
2016 48.6 54.3
2015 49.2 54.6
2014 48 55.1
2013 46.9 53.9
2012 48.3 54.3
2011 47.1 54.3
2010 49.3 52.9
2009 52.5 53.8
2008 55.2 52.9
2007 55.3 53.2
2006 54.6 52.5
2005 52.9 54.1
2004 54.4 54.6
2003 54.1 54.2
2002 53.1 48.2
2001 55.1 48.9
2000 59.8 45.9
1999 62.9 48.6
1998 62.8 47.5
1997 61 46.6
1996 60.1 45.8
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Niger
Services, % of GDP
57.2%
2024
45%
2024
Industry, % of GDP
26.5%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
34.5%
2024
GNI, Atlas method
$117B
2024
$18.3B
2024
GNI per capita, PPP
$15,410
2024
$2,030
2024
Total reserves including gold
$6.91B
2024
n/a
Total reserves ranking
87/177
2024
n/a
Net foreign direct investment
-$438M
2024
-$1.02B
2023
Net inflows of foreign direct investment
$443M
2024
$358M
2024
Net outflows of foreign direct investment
$0
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
7%
2024
1.94%
2024
Poverty at national poverty lines
28%
2024
41.2%
2021
Gross capital formation, % of GDP
18.5%
2024
22.1%
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/niger | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

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.