Skip to content

Economy of Ecuador vs Pakistan compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $372B for Pakistan, ranking 62/197 and 43/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Ecuador vs Pakistan GDP by year

Ecuador
Pakistan
1x
Year GDP, current $
Ecuador Pakistan
2024 $124,676,074,700 $371,570,000,121
2023 $121,147,057,000 $336,686,348,609
2022 $116,133,121,000 $374,890,295,667
2021 $107,179,074,000 $348,516,647,445
2020 $95,865,473,000 $300,425,609,818
2019 $107,595,830,000 $320,909,472,771
2018 $107,478,961,000 $356,128,166,705
2017 $104,467,486,000 $339,205,534,861
2016 $97,671,433,000 $313,630,000,130
2015 $97,209,558,000 $299,963,590,535
2014 $102,717,794,000 $271,390,474,858
2013 $96,570,334,000 $258,657,231,672
2012 $87,735,048,000 $250,106,966,105
2011 $78,986,648,000 $230,586,581,060
2010 $68,151,329,000 $196,709,621,850
2009 $60,094,978,000 $187,337,783,856
2008 $61,139,438,000 $202,203,748,584
2007 $49,848,725,000 $184,140,869,997
2006 $45,690,762,000 $161,871,385,506
2005 $40,278,849,000 $145,208,562,961
2004 $35,194,947,000 $132,216,048,339
2003 $30,965,208,000 $112,371,913,741
2002 $27,054,197,000 $97,923,302,809
2001 $23,127,055,000 $97,145,618,480
2000 $17,539,454,727 $99,484,802,345
1999 $19,645,272,636 $62,973,857,069
1998 $27,981,896,948 $62,191,955,814
1997 $28,162,053,027 $62,433,340,468
1996 $25,226,393,197 $63,320,170,084
1995 $24,432,884,442 $60,636,071,684
1994 $22,708,673,337 $52,293,470,813
1993 $18,938,717,359 $51,809,999,353
1992 $18,094,238,119 $48,884,671,947
1991 $16,988,535,268 $45,625,336,680
1990 $15,239,272,612 $40,010,423,970
1989 $13,890,823,705 $40,171,106,279
1988 $13,051,881,851 $38,472,742,808
1987 $13,945,426,859 $33,351,529,275
1986 $15,314,138,472 $31,899,070,056
1985 $17,149,088,413 $31,144,920,844
1984 $16,912,509,092 $31,151,825,467
1983 $17,152,477,037 $28,691,889,764
1982 $19,929,846,396 $30,725,971,564
1981 $21,810,759,354 $28,100,606,061
1980 $17,881,508,242 $23,654,444,444
1979 $14,175,160,902 $19,688,383,838
1978 $11,922,497,876 $17,811,515,152
1977 $11,026,342,618 $15,126,060,606
1976 $9,091,921,030 $13,168,080,808
1975 $7,731,674,472 $11,230,606,061
1974 $6,599,257,044 $8,899,191,919
1973 $3,891,754,150 $6,383,429,490
1972 $3,185,986,087 $9,415,016,360
1971 $2,754,219,271 $10,665,896,682
1970 $2,862,503,139 $10,027,509,450
1969 $3,112,165,727 $8,683,116,338
1968 $2,582,179,864 $8,041,999,160
1967 $2,553,595,172 $7,464,510,710
1966 $2,429,308,639 $6,561,108,778
1965 $2,387,047,396 $5,929,231,415
1964 $2,244,146,103 $5,204,955,901
1963 $1,824,343,871 $4,630,827,383
1962 $1,518,207,703 $4,310,163,797
1961 $1,753,850,955 $4,118,647,627
1960 $2,069,464,937 $3,749,265,015

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

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

GDP per capita in Ecuador vs Pakistan by year

Ecuador
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $1,479 $6,252
2023 $6,738 $15,919 $1,360 $6,014
2022 $6,516 $15,198 $1,538 $5,920
2021 $6,061 $13,507 $1,455 $5,367
2020 $5,464 $11,527 $1,278 $5,048
2019 $6,205 $12,543 $1,390 $5,038
2018 $6,304 $12,187 $1,569 $4,979
2017 $6,233 $11,793 $1,519 $4,790
2016 $5,918 $10,881 $1,425 $4,631
2015 $5,976 $10,878 $1,380 $4,480
2014 $6,406 $11,836 $1,267 $4,313
2013 $6,109 $11,296 $1,225 $4,174
2012 $5,634 $10,245 $1,204 $4,047
2011 $5,154 $9,769 $1,132 $3,880
2010 $4,520 $8,969 $987 $3,786
2009 $4,053 $8,662 $964 $3,777
2008 $4,195 $8,663 $1,067 $3,721
2007 $3,479 $8,112 $998 $3,672
2006 $3,244 $7,885 $901 $3,515
2005 $2,909 $7,457 $828 $3,293
2004 $2,586 $6,980 $772 $3,048
2003 $2,316 $6,475 $672 $2,822
2002 $2,059 $6,282 $600 $2,688
2001 $1,791 $5,999 $610 $2,644
2000 $1,382 $5,728 $642 $2,565
1999 $1,575 $5,638 $418 $2,475
1998 $2,284 $5,940 $424 $2,419
1997 $2,341 $5,793 $438 $2,398
1996 $2,136 $5,560 $457 $2,401
1995 $2,108 $5,469 $451 $2,315
1994 $1,997 $5,339 $400 $2,224
1993 $1,698 $5,112 $408 $2,160
1992 $1,655 $4,998 $396 $2,132
1991 $1,587 $4,887 $380 $1,992
1990 $1,455 $4,632 $344 $1,895
1989 $1,356 - $358 -
1988 $1,304 - $354 -
1987 $1,426 - $317 -
1986 $1,604 - $314 -
1985 $1,842 - $317 -
1984 $1,864 - $327 -
1983 $1,940 - $311 -
1982 $2,314 - $345 -
1981 $2,601 - $328 -
1980 $2,190 - $287.4 -
1979 $1,783 - $249.2 -
1978 $1,541 - $233.4 -
1977 $1,465 - $204.7 -
1976 $1,242 - $183.9 -
1975 $1,086 - $161.7 -
1974 $954 - $132 -
1973 $579 - $97.5 -
1972 $488 - $148.1 -
1971 $434 - $172.5 -
1970 $465 - $166.7 -
1969 $521 - $148.5 -
1968 $445 - $141.6 -
1967 $454 - $135.2 -
1966 $445 - $122.2 -
1965 $450 - $113.6 -
1964 $436 - $102.5 -
1963 $365 - $93.7 -
1962 $312 - $89.5 -
1961 $371 - $87.8 -
1960 $451 - $82 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Pakistan ranks 150th at $6,252.

Economic indicators

Ecuador Pakistan
Gross domestic product
$125B
2024
$372B
2024
GDP rank
62/197
2024
43/197
2024
GDP growth
-2%
2023-2024
3.05%
2023-2024
GDP per capita
$6,875
2024
$1,479
2024
GDP per capita rank
103/197
2024
163/197
2024
GDP per capita, PPP
$15,840
2024
$6,252
2024
GDP per capita PPP rank
110/197
2024
150/197
2024
Government debt
$67B
2024
$262B
2024
Debt-to-GDP ratio
53.8%
2024
70.4%
2024
Government debt per person
$3,695
2024
$1,041
2024
Government debt per person rank
93/185
2024
140/185
2024
Average annual personal income after taxes
$5,894
2026
$1,668
2026
Market capitalization of domestic companies
$747M
2000
$52.1B
2024
Income share by richest 10%
33.4%
2024
25.5%
2018
Income share by poorest 10%
1.5%
2024
4.2%
2018
Government expenditure, % of GDP
38.1%
2024
19.5%
2024
Consumer prices inflation
1.55%
2023-2024
12.6%
2023-2024
Central bank interest rate n/a
10.5%
2025
Unemployment rate
3.39%
2024
6.96%
2025
Population
18487749
260356147

Spending and national debt comparison by year

Ecuador
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Ecuador Pakistan
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 19.5% 70.4%
2023 39.5% 54.3% 19.3% 78.5%
2022 38.9% 57.2% 20% 77.3%
2021 37.5% 61.8% 18.5% 74.7%
2020 40.2% 63.6% 20.3% 80.8%
2019 39.8% 52.1% 19.1% 78.7%
2018 40.9% 49.5% 19.1% 66.3%
2017 40.5% 47.4% 19.1% 62.1%
2016 44.1% 46.1% 17.7% 62.1%
2015 44.1% 36.4% 17.8% 59.1%
2014 45.9% 28.2% 18.1% 58.8%
2013 46.7% 23.4% 19.5% 59.2%
2012 43.2% 19.3% 19.4% 58.4%
2011 39.6% 18.6% 17.9% 56.2%
2010 35.4% 18.4% 18.3% 56.7%
2009 34.3% 19.7% 17.3% 54.6%
2008 35.6% 24.9% 18% 49.5%
2007 24.7% 29.6% 16.1% 44.2%
2006 21.7% 33.1% 14.5% 46.2%
2005 22% 35.8% 13% 47.9%
2004 21.3% 40.2% 12.1% 50.6%
2003 21.3% 47.2% 12.9% 56.3%
2002 22.8% 55% 14.4% 60.5%
2001 21.4% 63.8% 12.9% 65.1%
2000 24.3% 92.2% 13.8% 61.7%
1999 24.1% 105.2% 13.2% 60.7%
1998 21.5% 70.3% 14.1% 53.8%
1997 22% 61.5% 13.7% 52.8%
1996 22.7% 69.3% 15% 52.5%
1995 22% 70.5% 14% 52.3%
1994 - - 14.5% 58.5%
1993 - - 17% 57.9%
1992 - - 22.6% 53.3%
1991 - - 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 70.4% in Pakistan, ranking 98/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Pakistan
1x
Year Deficit/surplus, % of GDP
Ecuador Pakistan
2024 -1.28% -6.81%
2023 -3.48% -7.76%
2022 0.04% -7.84%
2021 -1.59% -6.04%
2020 -7.38% -7.03%
2019 -3.47% -7.79%
2018 -2.8% -5.67%
2017 -5.77% -5.17%
2016 -10.3% -3.92%
2015 -6.87% -4.74%
2014 -8.11% -4.37%
2013 -8.17% -7.48%
2012 -2.83% -7.74%
2011 -0.13% -6.23%
2010 -1.39% -5.42%
2009 -3.71% -4.53%
2008 0.57% -5.94%
2007 2.66% -4.23%
2006 2.92% -2.79%
2005 0.66% -2.29%
2004 1.94% -1.29%
2003 1.05% -0.12%
2002 0.74% -2.64%
2001 0.03% -2.45%
2000 -0.32% -3.21%
1999 -4.82% -3.07%
1998 -5.1% -4.46%
1997 -2.83% -3.87%
1996 -3.44% -4.33%
1995 -2.02% -3.9%
1994 - -3.63%
1993 - -5.53%
1992 - -11.3%
1991 - -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/pakistan | 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 Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Pakistan ran a deficit in 30 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 4.77% of GDP for Pakistan.

Inflation comparison by year

Inflation
Ecuador

Pakistan
1x
Year Consumer prices inflation
Ecuador Pakistan
2024 1.55% 12.6%
2023 2.22% 30.8%
2022 3.47% 19.9%
2021 0.13% 9.5%
2020 -0.34% 9.74%
2019 0.27% 10.6%
2018 -0.22% 5.08%
2017 0.42% 4.09%
2016 1.73% 3.77%
2015 3.97% 2.53%
2014 3.59% 7.19%
2013 2.72% 7.69%
2012 5.1% 9.68%
2011 4.47% 11.9%
2010 3.55% 12.9%
2009 5.16% 13.6%
2008 8.4% 20.3%
2007 2.28% 7.6%
2006 3.3% 7.92%
2005 2.17% 9.06%
2004 2.74% 7.44%
2003 7.93% 2.91%
2002 12.5% 3.29%
2001 37.7% 3.15%
2000 96.1% 4.37%
1999 52.2% 4.14%
1998 36.1% 6.23%
1997 30.7% 11.4%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 9.26% in Pakistan. In 2024, inflation was 1.55% in Ecuador and 12.6% in Pakistan.

Top exports between countries

Ecuador
Export category Export value
Machinery & equipment $210K
Processed food, beverages & tobacco $178K
Raw agricultural goods $58K
Metals $39K
Miscellaneous $20K
Chemicals & pharma $12K
Precious metals & jewellery $10K
Raw materials & minerals $10K
Textiles & consumer goods $1K
Pakistan
Export category Export value
Textiles & consumer goods $3.56M
Machinery & equipment $831K
Raw materials & minerals $321K
Processed food, beverages & tobacco $282K
Wood & paper products $212K
Chemicals & pharma $195K
Weapons & explosives $54K
Miscellaneous $45K
Precious metals & jewellery $20K
Metals $16K

Balance of trade

Ecuador Pakistan
Current account balance
$7.06B
2024
$496M
2024
Current account balance ranking
27/190
2024
63/190
2024
Current account balance, % of GDP
+5.66%
2024
+0.13%
2024
Goods imports
$27.9B
2024
$55.6B
2024
Goods exports
$34.7B
2024
$32.1B
2024
Service imports
$6.18B
2024
$11.2B
2024
Service exports
$3.86B
2024
$8.1B
2024
Imports of goods and services, % of GDP
26.9%
2024
17.2%
2024
Exports of goods and services, % of GDP
30.3%
2024
10.4%
2024

Economic freedom indices

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

Ecuador Pakistan
Economic freedom 55.6 48.9
Economic freedom ranking 127/197 168/197
Property rights 33.2 25.7
Government integrity 33 26.3
Judicial effectiveness 48.1 27.6
Tax burden 74.2 78.2
Government spending 54.9 88.5
Fiscal health 90.3 10.1
Business freedom 64.3 54.4
Labor freedom 56.9 51.7
Monetary freedom 76.3 54.1
Trade freedom 66.4 70.4
Investment freedom 30 60
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Pakistan
1x
Year Economic freedom index
Ecuador Pakistan
2026 55.6 48.9
2025 55.8 49.1
2024 55 49.5
2023 55 49.4
2022 54.3 48.8
2021 52.4 51.7
2020 51.3 54.8
2019 46.9 55
2018 48.5 54.4
2017 49.3 52.8
2016 48.6 55.9
2015 49.2 55.6
2014 48 55.2
2013 46.9 55.1
2012 48.3 54.7
2011 47.1 55.1
2010 49.3 55.2
2009 52.5 57
2008 55.2 55.6
2007 55.3 57.2
2006 54.6 57.9
2005 52.9 53.3
2004 54.4 54.9
2003 54.1 55
2002 53.1 55.8
2001 55.1 56
2000 59.8 56.4
1999 62.9 53
1998 62.8 53.2
1997 61 56
1996 60.1 58.4
1995 57.7 57.6

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Pakistan
Services, % of GDP
57.2%
2024
50.7%
2024
Industry, % of GDP
26.5%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
23.7%
2024
GNI, Atlas method
$117B
2024
$358B
2024
GNI per capita, PPP
$15,410
2024
$6,100
2024
Total reserves including gold
$6.91B
2024
$18.4B
2024
Total reserves ranking
87/177
2024
63/177
2024
Net foreign direct investment
-$438M
2024
-$2.58B
2024
Net inflows of foreign direct investment
$443M
2024
$2.66B
2024
Net outflows of foreign direct investment
$0
2024
$84M
2024
Servicing debt to the IMF, % of GNI
7%
2024
4.5%
2024
Poverty at national poverty lines
28%
2024
21.9%
2018
Gross capital formation, % of GDP
18.5%
2024
13.2%
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/pakistan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–2000, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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.