Skip to content

Economy of Ecuador vs Qatar compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $216B for Qatar, ranking 64/197 and 56/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Ecuador vs Qatar GDP by year

Ecuador
Qatar
1x
Year GDP, current $
Ecuador Qatar
2025 $130,320,560,400 $215,559,615,385
2024 $123,802,374,000 $216,294,505,495
2023 $120,792,801,000 $213,002,809,341
2022 $116,133,121,000 $235,709,325,714
2021 $107,179,074,000 $179,732,009,560
2020 $95,865,473,000 $144,411,363,352
2019 $107,595,830,000 $176,371,267,692
2018 $107,478,961,000 $183,334,953,819
2017 $104,467,486,000 $161,099,122,225
2016 $97,671,433,000 $151,732,181,868
2015 $97,209,558,000 $161,739,955,577
2014 $102,717,794,000 $206,224,598,571
2013 $96,570,334,000 $198,727,642,967
2012 $87,735,048,000 $186,833,502,363
2011 $78,986,648,000 $167,775,274,725
2010 $68,151,329,000 $125,122,252,747
2009 $60,094,978,000 $97,798,351,648
2008 $61,139,438,000 $115,269,780,220
2007 $49,848,725,000 $79,711,813,187
2006 $45,690,762,000 $60,882,142,857
2005 $40,278,849,000 $44,530,494,505
2004 $35,194,947,000 $31,734,065,934
2003 $30,965,208,000 $23,533,791,209
2002 $27,054,197,000 $19,363,736,264
2001 $23,127,055,000 $17,538,461,538
2000 $17,539,454,727 $17,759,890,110
1999 $19,645,272,636 $12,393,131,868
1998 $27,981,896,948 $10,255,494,505
1997 $28,162,053,027 $11,297,802,198
1996 $25,226,393,197 $9,059,340,659
1995 $24,432,884,442 $8,137,912,088
1994 $22,708,673,337 $7,374,450,549
1993 $18,938,717,359 $7,156,593,407
1992 $18,094,238,119 $7,646,153,846
1991 $16,988,535,268 $6,883,516,484
1990 $15,239,272,612 $7,360,439,560
1989 $13,890,823,705 $6,487,912,088
1988 $13,051,881,851 $6,038,186,813
1987 $13,945,426,859 $5,446,428,571
1986 $15,314,138,472 $5,053,021,978
1985 $17,149,088,413 $6,153,296,703
1984 $16,912,509,092 $6,870,329,670
1983 $17,152,477,037 $6,484,890,110
1982 $19,929,846,396 $7,611,263,736
1981 $21,810,759,354 $8,672,527,473
1980 $17,881,508,242 $7,837,915,956
1979 $14,175,160,902 $5,632,962,997
1978 $11,922,497,876 $4,052,000,413
1977 $11,026,342,618 $3,617,564,638
1976 $9,091,921,030 $3,284,273,987
1975 $7,731,674,472 $2,512,773,166
1974 $6,599,257,044 $2,401,403,227
1973 $3,891,754,150 $793,885,560
1972 $3,185,986,087 $510,262,500
1971 $2,754,219,271 $387,703,106
1970 $2,862,503,139 $301,791,302
1969 $3,112,165,727 -
1968 $2,582,179,864 -
1967 $2,553,595,172 -
1966 $2,429,308,639 -
1965 $2,387,047,396 -
1964 $2,244,146,103 -
1963 $1,824,343,871 -
1962 $1,518,207,703 -
1961 $1,753,850,955 -
1960 $2,069,464,937 -

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

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

GDP per capita in Ecuador vs Qatar by year

Ecuador
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $72,525 -
2024 $6,827 $15,840 $75,685 $126,046
2023 $6,718 $15,919 $80,196 $129,368
2022 $6,516 $15,198 $88,701 $122,921
2021 $6,061 $13,507 $71,752 $116,833
2020 $5,464 $11,527 $51,684 $82,149
2019 $6,205 $12,543 $66,841 $107,503
2018 $6,304 $12,187 $71,040 $110,033
2017 $6,233 $11,793 $63,280 $99,358
2016 $5,918 $10,881 $61,254 $89,935
2015 $5,976 $10,878 $68,985 $102,546
2014 $6,406 $11,836 $95,841 $148,389
2013 $6,109 $11,296 $103,697 $169,203
2012 $5,634 $10,245 $108,470 $180,939
2011 $5,154 $9,769 $103,262 $174,620
2010 $4,520 $8,969 $77,387 $151,646
2009 $4,053 $8,662 $60,786 $125,898
2008 $4,195 $8,663 $80,781 $126,015
2007 $3,479 $8,112 $65,954 $124,056
2006 $3,244 $7,885 $62,582 $127,181
2005 $2,909 $7,457 $53,950 $115,250
2004 $2,586 $6,980 $41,036 $110,958
2003 $2,316 $6,475 $31,602 $94,120
2002 $2,059 $6,282 $27,227 $93,177
2001 $1,791 $5,999 $25,871 $89,805
2000 $1,382 $5,728 $27,535 $88,849
1999 $1,575 $5,638 $20,234 $84,690
1998 $2,284 $5,940 $17,665 $84,486
1997 $2,341 $5,793 $20,523 $79,219
1996 $2,136 $5,560 $17,125 $62,331
1995 $2,108 $5,469 $15,823 $60,321
1994 $1,997 $5,339 $14,765 $59,415
1993 $1,698 $5,112 $14,770 $59,125
1992 $1,655 $4,998 $16,280 $60,387
1991 $1,587 $4,887 $15,133 $54,759
1990 $1,455 $4,632 $16,722 $55,659
1989 $1,356 - $15,243 -
1988 $1,304 - $14,682 -
1987 $1,426 - $13,719 -
1986 $1,604 - $13,213 -
1985 $1,842 - $16,815 -
1984 $1,864 - $19,749 -
1983 $1,940 - $19,669 -
1982 $2,314 - $24,431 -
1981 $2,601 - $29,543 -
1980 $2,190 - $28,407 -
1979 $1,783 - $21,777 -
1978 $1,541 - $16,757 -
1977 $1,465 - $16,058 -
1976 $1,242 - $15,710 -
1975 $1,086 - $13,014 -
1974 $954 - $13,540 -
1973 $579 - $4,905 -
1972 $488 - $3,483 -
1971 $434 - $2,952 -
1970 $465 - $2,594 -
1969 $521 - - -
1968 $445 - - -
1967 $454 - - -
1966 $445 - - -
1965 $450 - - -
1964 $436 - - -
1963 $365 - - -
1962 $312 - - -
1961 $371 - - -
1960 $451 - - -

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

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Qatar ranks 5th at $126,046.

Economic indicators

Ecuador Qatar
Gross domestic product
$130B
2025
$216B
2025
GDP rank
64/197
2025
56/197
2025
GDP growth
3.73%
2024-2025
2.9%
2024-2025
GDP per capita
$7,125
2025
$72,525
2025
GDP per capita rank
102/197
2025
13/197
2025
GDP per capita, PPP
$15,840
2024
$126,046
2024
GDP per capita PPP rank
110/197
2024
5/197
2024
Government debt
$70.9B
2025
$89.2B
2025
Debt-to-GDP ratio
54.4%
2025
41.4%
2025
Government debt per person
$3,877
2025
$30,009
2025
Government debt per person rank
94/185
2025
24/185
2025
Average annual personal income after taxes
$6,605
2026
$37,042
2026
Market capitalization of domestic companies
$747M
2000
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
35.1%
2025
25.8%
2017
Income share by poorest 10%
1.7%
2025
2.6%
2017
Government expenditure, % of GDP
38.4%
2025
27.1%
2025
Consumer prices inflation
0.71%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
3.23%
2025
0.1%
2024
Population
18524711
3058826

Spending and national debt comparison by year

Ecuador
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Ecuador Qatar
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 27.1% 41.4%
2024 38.3% 54.1% 26% 41.3%
2023 39.6% 54.5% 26.7% 42.8%
2022 38.9% 57.2% 24.3% 42.6%
2021 37.5% 61.8% 29.4% 58.4%
2020 40.2% 63.6% 34.7% 72.6%
2019 39.8% 52.1% 32.5% 62.1%
2018 40.9% 49.5% 28.9% 52.2%
2017 40.5% 47.4% 34.7% 51.6%
2016 44.1% 46.1% 40.1% 46.7%
2015 44.1% 36.4% 38.6% 35.5%
2014 45.9% 28.2% 32.3% 24.9%
2013 46.7% 23.4% 28.3% 30.9%
2012 43.2% 19.3% 31% 32.1%
2011 39.6% 18.6% 28.5% 33.5%
2010 35.4% 18.4% 32% 30.4%
2009 34.3% 19.7% 36.4% 36%
2008 35.6% 24.9% 23.5% 11.4%
2007 24.7% 29.6% 29.5% 9.37%
2006 21.7% 33.1% 29.5% 13.9%
2005 22% 35.8% 29% 19.1%
2004 21.3% 40.2% 29.9% 30.1%
2003 21.3% 47.2% 28.5% 38.8%
2002 22.8% 55% 31.6% 47.7%
2001 21.4% 63.8% 32.1% 59.2%
2000 24.3% 92.2% 29.8% 51.6%
1999 24.1% 105.2% 42.4% 81.8%
1998 21.5% 70.3% 55.1% 76.6%
1997 22% 61.5% 47.6% 54.4%
1996 22.7% 69.3% 55.2% 57.8%
1995 22% 70.5% 52.2% 50.2%
1994 - - 59.8% 54.8%
1993 - - 62.8% 46.3%
1992 - - 54.2% 19.9%
1991 - - 57.5% 21.8%
1990 - - 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 41.4% in Qatar, ranking 92/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Qatar
1x
Year Deficit/surplus, % of GDP
Ecuador Qatar
2025 -2.88% -1%
2024 -1.28% 0.71%
2023 -3.49% 5.51%
2022 0.04% 10.4%
2021 -1.59% 0.24%
2020 -7.38% -2.13%
2019 -3.47% 1%
2018 -2.8% 2.26%
2017 -5.77% -6.82%
2016 -10.3% -9.2%
2015 -6.87% 18.4%
2014 -8.11% 13.4%
2013 -8.17% 19.3%
2012 -2.83% 8.55%
2011 -0.13% 5.24%
2010 -1.39% 4.6%
2009 -3.71% 14.1%
2008 0.57% 9.49%
2007 2.66% 10.3%
2006 2.92% 8.39%
2005 0.66% 9.8%
2004 1.94% 17.7%
2003 1.05% 6.71%
2002 0.74% 7.89%
2001 0.03% 4.48%
2000 -0.32% 4.62%
1999 -4.82% -4.35%
1998 -5.1% -7%
1997 -2.83% -9.4%
1996 -3.44% -8.73%
1995 -2.02% -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Qatar ran a deficit in 9 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to surplus of 4.15% of GDP for Qatar.

Inflation comparison by year

Inflation
Ecuador

Qatar
1x
Year Consumer prices inflation
Ecuador Qatar
2025 0.71% 0.6%
2024 1.55% 1.2%
2023 2.22% 3.1%
2022 3.47% 5%
2021 0.13% 2.3%
2020 -0.34% -2.5%
2019 0.27% -0.9%
2018 -0.22% 0.1%
2017 0.42% 0.6%
2016 1.73% 2.7%
2015 3.97% 0.9%
2014 3.59% 4.2%
2013 2.72% 3.1%
2012 5.1% 1.8%
2011 4.47% 2%
2010 3.55% -2.4%
2009 5.16% -4.9%
2008 8.4% 15.1%
2007 2.28% 13.7%
2006 3.3% 11.7%
2005 2.17% 9%
2004 2.74% 6.8%
2003 7.93% 2.3%
2002 12.5% 0.2%
2001 37.7% 1.7%
2000 96.1% 1.6%
1999 52.2% 2.2%
1998 36.1% 2.9%
1997 30.7% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 2.99% in Qatar. In 2025, inflation was 0.71% in Ecuador and 0.6% in Qatar.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $29.8M
Raw materials & minerals $6.77M
Animal & marine products $5.28M
Textiles & consumer goods $291K
Chemicals & pharma $202K
Machinery & equipment $35K
Processed food, beverages & tobacco $34K
Metals $9K
Miscellaneous $3K
Qatar
Export category Export value
Chemicals & pharma $3.53M
Machinery & equipment $945K
Raw materials & minerals $121K
Miscellaneous $22K

Balance of trade

Ecuador Qatar
Current account balance
$7.7B
2025
$31.9B
2025
Current account balance ranking
28/190
2025
17/190
2025
Current account balance, % of GDP
+5.91%
2025
+14.8%
2025
Goods imports
$31.1B
2025
$34.3B
2025
Goods exports
$37.4B
2025
$90B
2025
Service imports
$6.22B
2025
$31.3B
2025
Service exports
$4.14B
2025
$24.4B
2025
Imports of goods and services, % of GDP
27.9%
2025
31.6%
2022
Exports of goods and services, % of GDP
31.4%
2025
68.6%
2022

Economic freedom indices

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

Ecuador Qatar
Economic freedom 55.6 70.2
Economic freedom ranking 127/197 37/197
Property rights 33.2 66.2
Government integrity 33 53.5
Judicial effectiveness 48.1 41.5
Tax burden 74.2 99.9
Government spending 54.9 79.9
Fiscal health 90.3 96.6
Business freedom 64.3 68
Labor freedom 56.9 58.5
Monetary freedom 76.3 76
Trade freedom 66.4 81.8
Investment freedom 30 60
Financial freedom 40 60

Economic freedom comparison by year

Ecuador
Qatar
1x
Year Economic freedom index
Ecuador Qatar
2026 55.6 70.2
2025 55.8 70.2
2024 55 68.8
2023 55 68.6
2022 54.3 67.7
2021 52.4 72
2020 51.3 72.3
2019 46.9 72.6
2018 48.5 72.6
2017 49.3 73.1
2016 48.6 70.7
2015 49.2 70.8
2014 48 71.2
2013 46.9 71.3
2012 48.3 71.3
2011 47.1 70.5
2010 49.3 69
2009 52.5 65.8
2008 55.2 62.2
2007 55.3 62.9
2006 54.6 62.4
2005 52.9 63.5
2004 54.4 66.5
2003 54.1 65.9
2002 53.1 61.9
2001 55.1 60
2000 59.8 62
1999 62.9 62
1998 62.8 -
1997 61 -
1996 60.1 -
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Qatar
Services, % of GDP
57%
2025
47%
2025
Industry, % of GDP
25.7%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
0.31%
2025
GNI, Atlas method
$126B
2025
$221B
2025
GNI per capita, PPP
$16,290
2025
$126,290
2025
Total reserves including gold
$9.8B
2025
$55.8B
2025
Total reserves ranking
79/177
2025
45/177
2025
Net foreign direct investment
-$1.3B
2025
$311M
2025
Net inflows of foreign direct investment
$446M
2024
$460M
2024
Net outflows of foreign direct investment
$0
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
n/a
Gross capital formation, % of GDP
20.9%
2025
30.6%
2022

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/qatar | 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 (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, 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.