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

Stat	Ecuador	Panama
GDP	$108.4B	$65.1B
GDP growth, 1 year	1.1%	3.9%
GDP growth, 5-years average	1.2%	5%
Population	16.6M	4.1M
GDP per capita	$6.3k	$16k
GDP per capita growth	-0.4%	1.94%
Purchasing Power Parity conversion factor	0.54	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	0.54	0.61
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

Stat	Ecuador	Panama
Income Tax Rate	35%	25%
Corporate Tax Rate	25%	25%
Inflation, consumer prices	-0.2%	0.8%
Inflation, GDP deflator	2.5%	0.7%
Unemployment	3.9%	3.9%
Economic Freedom Index	51.3	67.2
Personal Freedom Index	7.42	7.73
Human Freedom Index	6.7	7.53
Property Rights Index	40.4	58.8
Judical Effectiveness Index	20.7	30
Business Freedom Index	53.8	70.8
Fiscal Health Index	62.3	91.2
Labor Freedom Index	48	43.3
Investment Freedom Index	35	75
Financial Freedom Index	40	70
Trade Freedom Index	66	79.2
Monetary Freedom Index	81	79.4
Government Spending Index	57.9	85.7
Tax Burden Index	77.5	85.3
Government Integrity Index	33.4	37.2
Corruption Perceptions Index	34	37
Life expectancy at birth, years	76.6	78.1
Suicide mortality rate, per 100,000 people	7.1	4.3
Mortality caused by road traffic injury, per 100,000 people	21.3	14.3
Intentional homicides, per 100,000 people	5.8	9.7
International tourism, number of arrivals	2.5M	1.8M

Government debt & reserves

Stat	Ecuador	Panama
Central government debt, % of GDP	46.1%	39.4%
External debt stocks, % of GNI	42.6%	N/A
External debt stocks	$45B	N/A
Short-term debt, % of total reserves	34.8%	N/A
Total debt service, % of exports and primary income	36.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	11.4%	25.3%
Gross savings, % of GDP	25.3%	29.1%
Gross capital formation, % of GDP	26%	41.7%
Total reserves including gold	$2.2B	$2.1B
Foreign direct investment net inflows	$1.4B	$5.9B

Exports, imports and economic structure

Stat	Ecuador	Panama
Exports of goods and services, % of GDP	22.8%	42.3%
Imports of goods and services, % of GDP	23%	45.3%
Current account balance (balance of payments)	-$1.5B	-$6.8B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$122.5M	$22.3M
Personal remittances received	$3B	$537.9M
Industry including construction value added, % of GDP	32.7%	29.2%
Agriculture, forestry and fishing value added, % of GDP	9.2%	2.2%
Charges for the use of intellectual property, payments BoP	$18.9M	$39.4M
Charges for the use of intellectual property, receipts BoP	N/A	$21.7M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	37.5%	21.8%