Ecuador vs Panama: Economic Indicators Comparison

Ecuador with a GDP of $108.4B ranked the 61st largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Ecuador and Panama ranked 150th vs 33rd and 96th vs 61st, respectively.

Gross Domestic Product & Income

StatEcuadorPanama
GDP$108.4B$65.1B
GDP growth, 1 year1.1%3.9%
GDP growth, 5-years average1.2%5%
Population16.6M4.1M
GDP per capita$6.3k$16k
GDP per capita growth-0.4%1.94%
Purchasing Power Parity conversion factor0.540.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.61
GDP per capita, PPP adjusted$12k$26k
GNI, Atlas method$104.4B$60B
GNI per capita$6.1k$14k
GNI, PPP adjusted$195.1B$98.4B
GNI per capita, PPP adjusted$11k$24k

Financial system and Human development

StatEcuadorPanama
Income Tax Rate35%25%
Corporate Tax Rate25%25%
Inflation, consumer prices-0.2%0.8%
Inflation, GDP deflator2.5%0.7%
Unemployment3.9%3.9%
Economic Freedom Index51.367.2
Personal Freedom Index7.427.73
Human Freedom Index6.77.53
Property Rights Index40.458.8
Judical Effectiveness Index20.730
Business Freedom Index53.870.8
Fiscal Health Index62.391.2
Labor Freedom Index4843.3
Investment Freedom Index3575
Financial Freedom Index4070
Trade Freedom Index6679.2
Monetary Freedom Index8179.4
Government Spending Index57.985.7
Tax Burden Index77.585.3
Government Integrity Index33.437.2
Corruption Perceptions Index3437
Life expectancy at birth, years76.678.1
Suicide mortality rate, per 100,000 people7.14.3
Mortality caused by road traffic injury, per 100,000 people21.314.3
Intentional homicides, per 100,000 people5.89.7
International tourism, number of arrivals2.5M1.8M

Government debt & reserves

StatEcuadorPanama
Central government debt, % of GDP46.1%39.4%
External debt stocks, % of GNI42.6%N/A
External debt stocks$45BN/A
Short-term debt, % of total reserves34.8%N/A
Total debt service, % of exports and primary income36.7%N/A
Adjusted net savings including particulate emission damage, % of GNI11.4%25.3%
Gross savings, % of GDP25.3%29.1%
Gross capital formation, % of GDP26%41.7%
Total reserves including gold$2.2B$2.1B
Foreign direct investment net inflows$1.4B$5.9B

Exports, imports and economic structure

StatEcuadorPanama
Exports of goods and services, % of GDP22.8%42.3%
Imports of goods and services, % of GDP23%45.3%
Current account balance (balance of payments)-$1.5B-$6.8B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$122.5M$22.3M
Personal remittances received$3B$537.9M
Industry including construction value added, % of GDP32.7%29.2%
Agriculture, forestry and fishing value added, % of GDP9.2%2.2%
Charges for the use of intellectual property, payments BoP$18.9M$39.4M
Charges for the use of intellectual property, receipts BoPN/A$21.7M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP37.5%21.8%

Compare with countries close by GDP per capita

Ecuador vs

CountryGDP
per capita
Population
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M

Panama vs

CountryGDP
per capita
Population
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B