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Economy of Ecuador vs Romania compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $429B for Romania, ranking 64/197 and 39/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $260B (60.6% of GDP) in Romania.

Ecuador vs Romania GDP by year

Ecuador
Romania
1x
Year GDP, current $
Ecuador Romania
2025 $130,320,560,400 $428,677,977,855
2024 $123,802,374,000 $382,564,217,989
2023 $120,792,801,000 $347,757,995,759
2022 $116,133,121,000 $295,317,862,856
2021 $107,179,074,000 $285,072,444,957
2020 $95,865,473,000 $250,624,575,872
2019 $107,595,830,000 $250,080,428,512
2018 $107,478,961,000 $241,791,427,224
2017 $104,467,486,000 $210,147,385,855
2016 $97,671,433,000 $185,290,759,249
2015 $97,209,558,000 $177,885,131,240
2014 $102,717,794,000 $199,722,319,676
2013 $96,570,334,000 $189,798,603,751
2012 $87,735,048,000 $179,117,323,107
2011 $78,986,648,000 $192,623,977,894
2010 $68,151,329,000 $170,064,350,672
2009 $60,094,978,000 $174,110,532,659
2008 $61,139,438,000 $214,315,932,061
2007 $49,848,725,000 $174,588,782,939
2006 $45,690,762,000 $122,023,735,993
2005 $40,278,849,000 $98,454,380,120
2004 $35,194,947,000 $74,973,656,852
2003 $30,965,208,000 $57,806,384,143
2002 $27,054,197,000 $46,065,502,703
2001 $23,127,055,000 $40,395,116,581
2000 $17,539,454,727 $37,253,739,511
1999 $19,645,272,636 $35,953,156,754
1998 $27,981,896,948 $41,696,091,974
1997 $28,162,053,027 $35,575,214,078
1996 $25,226,393,197 $36,937,074,278
1995 $24,432,884,442 $37,430,162,103
1994 $22,708,673,337 $30,072,805,104
1993 $18,938,717,359 $26,361,160,450
1992 $18,094,238,119 $25,121,666,667
1991 $16,988,535,268 $28,850,634,900
1990 $15,239,272,612 $38,247,882,300
1989 $13,890,823,705 $41,450,777,202
1988 $13,051,881,851 $40,424,528,302
1987 $13,945,426,859 $38,067,567,568
1986 $15,314,138,472 -
1985 $17,149,088,413 -
1984 $16,912,509,092 -
1983 $17,152,477,037 -
1982 $19,929,846,396 -
1981 $21,810,759,354 -
1980 $17,881,508,242 -
1979 $14,175,160,902 -
1978 $11,922,497,876 -
1977 $11,026,342,618 -
1976 $9,091,921,030 -
1975 $7,731,674,472 -
1974 $6,599,257,044 -
1973 $3,891,754,150 -
1972 $3,185,986,087 -
1971 $2,754,219,271 -
1970 $2,862,503,139 -
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/romania | CC BY

GDP per capita in Ecuador vs Romania by year

Ecuador
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $22,538 -
2024 $6,827 $15,840 $20,080 $49,077
2023 $6,718 $15,919 $18,244 $45,982
2022 $6,516 $15,198 $15,503 $41,979
2021 $6,061 $13,507 $14,908 $37,534
2020 $5,464 $11,527 $13,009 $34,194
2019 $6,205 $12,543 $12,910 $33,425
2018 $6,304 $12,187 $12,416 $29,383
2017 $6,233 $11,793 $10,728 $26,943
2016 $5,918 $10,881 $9,405 $23,905
2015 $5,976 $10,878 $8,977 $21,625
2014 $6,406 $11,836 $10,032 $20,633
2013 $6,109 $11,296 $9,498 $19,678
2012 $5,634 $10,245 $8,930 $19,808
2011 $5,154 $9,769 $9,561 $18,804
2010 $4,520 $8,969 $8,400 $17,355
2009 $4,053 $8,662 $8,548 $16,641
2008 $4,195 $8,663 $10,435 $16,782
2007 $3,479 $8,112 $8,360 $13,703
2006 $3,244 $7,885 $5,758 $11,554
2005 $2,909 $7,457 $4,618 $9,602
2004 $2,586 $6,980 $3,495 $8,989
2003 $2,316 $6,475 $2,679 $7,559
2002 $2,059 $6,282 $2,120 $7,162
2001 $1,791 $5,999 $1,825 $6,520
2000 $1,382 $5,728 $1,660 $5,850
1999 $1,575 $5,638 $1,600 $5,596
1998 $2,284 $5,940 $1,853 $5,545
1997 $2,341 $5,793 $1,577 $5,564
1996 $2,136 $5,560 $1,633 $5,746
1995 $2,108 $5,469 $1,650 $5,429
1994 $1,997 $5,339 $1,323 $4,995
1993 $1,698 $5,112 $1,158 $4,699
1992 $1,655 $4,998 $1,102 $4,515
1991 $1,587 $4,887 $1,254 $4,795
1990 $1,455 $4,632 $1,648 $5,280
1989 $1,356 - $1,790 -
1988 $1,304 - $1,753 -
1987 $1,426 - $1,659 -
1986 $1,604 - - -
1985 $1,842 - - -
1984 $1,864 - - -
1983 $1,940 - - -
1982 $2,314 - - -
1981 $2,601 - - -
1980 $2,190 - - -
1979 $1,783 - - -
1978 $1,541 - - -
1977 $1,465 - - -
1976 $1,242 - - -
1975 $1,086 - - -
1974 $954 - - -
1973 $579 - - -
1972 $488 - - -
1971 $434 - - -
1970 $465 - - -
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/romania | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Romania ranks 47th at $49,077.

Economic indicators

Ecuador Romania
Gross domestic product
$130B
2025
$429B
2025
GDP rank
64/197
2025
39/197
2025
GDP growth
3.73%
2024-2025
0.68%
2024-2025
GDP per capita
$7,125
2025
$22,538
2025
GDP per capita rank
102/197
2025
57/197
2025
GDP per capita, PPP
$15,840
2024
$49,077
2024
GDP per capita PPP rank
110/197
2024
47/197
2024
Government debt
$70.9B
2025
$260B
2025
Debt-to-GDP ratio
54.4%
2025
60.6%
2025
Government debt per person
$3,877
2025
$13,650
2025
Government debt per person rank
94/185
2025
48/185
2025
Average annual personal income after taxes
$6,605
2026
$13,510
2026
Market capitalization of domestic companies
$747M
2000
$70.9B
2025
Number of billionaires n/a
6
2026
Income share by richest 10%
35.1%
2025
21.8%
2023
Income share by poorest 10%
1.7%
2025
2.4%
2023
Government expenditure, % of GDP
38.4%
2025
40.5%
2025
Consumer prices inflation
0.71%
2024-2025
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
3.23%
2025
6.1%
2025
Population
18524711
18912567

Spending and national debt comparison by year

Ecuador
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Ecuador Romania
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 40.5% 60.6%
2024 38.3% 54.1% 40% 57.5%
2023 39.6% 54.5% 37% 52.6%
2022 38.9% 57.2% 37.5% 51.9%
2021 37.5% 61.8% 37.2% 51.8%
2020 40.2% 63.6% 38.3% 49.5%
2019 39.8% 52.1% 33.4% 36.8%
2018 40.9% 49.5% 31.9% 36.4%
2017 40.5% 47.4% 31% 37.1%
2016 44.1% 46.1% 31.8% 39.5%
2015 44.1% 36.4% 34.2% 39.4%
2014 45.9% 28.2% 33.8% 40.5%
2013 46.7% 23.4% 34.2% 39.3%
2012 43.2% 19.3% 33.5% 36.2%
2011 39.6% 18.6% 35% 32.6%
2010 35.4% 18.4% 37.4% 30.2%
2009 34.3% 19.7% 36.3% 22.5%
2008 35.6% 24.9% 35.3% 13%
2007 24.7% 29.6% 34.6% 12.4%
2006 21.7% 33.1% 33.9% 12.7%
2005 22% 35.8% 32.3% 17.8%
2004 21.3% 40.2% 33.7% 21.3%
2003 21.3% 47.2% 31.8% 24.9%
2002 22.8% 55% 32.1% 27.4%
2001 21.4% 63.8% 33.2% 27.4%
2000 24.3% 92.2% 35% 29.6%
1999 24.1% 105.2% 35.1% 21.7%
1998 21.5% 70.3% 34.7% 16.5%
1997 22% 61.5% 33.5% 15%
1996 22.7% 69.3% 33.5% 11%
1995 22% 70.5% 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 60.6% in Romania, ranking 92/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Romania
1x
Year Deficit/surplus, % of GDP
Ecuador Romania
2025 -2.88% -7.64%
2024 -1.28% -8.68%
2023 -3.49% -5.66%
2022 0.04% -5.85%
2021 -1.59% -6.74%
2020 -7.38% -9.6%
2019 -3.47% -4.58%
2018 -2.8% -2.76%
2017 -5.77% -2.86%
2016 -10.3% -2.5%
2015 -6.87% -1.35%
2014 -8.11% -1.76%
2013 -8.17% -2.44%
2012 -2.83% -2.39%
2011 -0.13% -4.14%
2010 -1.39% -6.22%
2009 -3.71% -6.86%
2008 0.57% -4.6%
2007 2.66% -3.05%
2006 2.92% -1.36%
2005 0.66% -0.69%
2004 1.94% -3.39%
2003 1.05% -2.29%
2002 0.74% -2.59%
2001 0.03% -3.2%
2000 -0.32% -3.99%
1999 -4.82% -3.58%
1998 -5.1% -5.33%
1997 -2.83% -5.19%
1996 -3.44% -4.74%
1995 -2.02% -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Romania ran a deficit in 31 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 4.17% of GDP for Romania.

Inflation comparison by year

Inflation
Ecuador

Romania
1x
Year Consumer prices inflation
Ecuador Romania
2025 0.71% 7.3%
2024 1.55% 5.6%
2023 2.22% 10.4%
2022 3.47% 13.8%
2021 0.13% 5%
2020 -0.34% 2.6%
2019 0.27% 3.8%
2018 -0.22% 4.6%
2017 0.42% 1.3%
2016 1.73% -1.6%
2015 3.97% -0.6%
2014 3.59% 1.1%
2013 2.72% 4%
2012 5.1% 3.3%
2011 4.47% 5.8%
2010 3.55% 6.1%
2009 5.16% 5.6%
2008 8.4% 7.8%
2007 2.28% 4.8%
2006 3.3% 6.6%
2005 2.17% 9%
2004 2.74% 11.9%
2003 7.93% 15.4%
2002 12.5% 22.5%
2001 37.7% 34.5%
2000 96.1% 45.7%
1999 52.2% 45.8%
1998 36.1% 59.1%
1997 30.7% 154.8%

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/romania | CC BY

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 17.1% in Romania. In 2025, inflation was 0.71% in Ecuador and 7.3% in Romania.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $23.7M
Raw agricultural goods $13.7M
Processed food, beverages & tobacco $5.13M
Machinery & equipment $177K
Wood & paper products $41K
Raw materials & minerals $34K
Textiles & consumer goods $11K
Miscellaneous $8K
Metals $3K
Precious metals & jewellery $2K
Romania
Export category Export value
Machinery & equipment $1.68M
Chemicals & pharma $861K
Raw materials & minerals $838K
Processed food, beverages & tobacco $266K
Metals $188K
Textiles & consumer goods $61K
Wood & paper products $57K
Miscellaneous $53K
Precious metals & jewellery $15K
Raw agricultural goods $3K

Balance of trade

Ecuador Romania
Current account balance
$7.7B
2025
-$33.9B
2025
Current account balance ranking
28/190
2025
186/190
2025
Current account balance, % of GDP
+5.91%
2025
-7.9%
2025
Goods imports
$31.1B
2025
$139B
2025
Goods exports
$37.4B
2025
$102B
2025
Service imports
$6.22B
2025
$35.9B
2025
Service exports
$4.14B
2025
$50.1B
2025
Imports of goods and services, % of GDP
27.9%
2025
40.7%
2025
Exports of goods and services, % of GDP
31.4%
2025
35.5%
2025

Economic freedom indices

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

Ecuador Romania
Economic freedom 55.6 65.4
Economic freedom ranking 127/197 64/197
Property rights 33.2 81
Government integrity 33 50
Judicial effectiveness 48.1 67
Tax burden 74.2 89.1
Government spending 54.9 56.7
Fiscal health 90.3 21.4
Business freedom 64.3 74.4
Labor freedom 56.9 63.6
Monetary freedom 76.3 72.7
Trade freedom 66.4 79.4
Investment freedom 30 70
Financial freedom 40 60

Economic freedom comparison by year

Ecuador
Romania
1x
Year Economic freedom index
Ecuador Romania
2026 55.6 65.4
2025 55.8 66.5
2024 55 64.4
2023 55 64.5
2022 54.3 67.1
2021 52.4 69.5
2020 51.3 69.7
2019 46.9 68.6
2018 48.5 69.4
2017 49.3 69.7
2016 48.6 65.6
2015 49.2 66.6
2014 48 65.5
2013 46.9 65.1
2012 48.3 64.4
2011 47.1 64.7
2010 49.3 64.2
2009 52.5 63.2
2008 55.2 61.7
2007 55.3 61.2
2006 54.6 58.2
2005 52.9 52.1
2004 54.4 50
2003 54.1 50.6
2002 53.1 48.7
2001 55.1 50
2000 59.8 52.1
1999 62.9 50.1
1998 62.8 54.4
1997 61 50.8
1996 60.1 46.2
1995 57.7 42.9

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Romania
Services, % of GDP
57%
2025
61.7%
2025
Industry, % of GDP
25.7%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
3%
2025
GNI, Atlas method
$126B
2025
$384B
2025
GNI per capita, PPP
$16,290
2025
$49,550
2025
Total reserves including gold
$9.8B
2025
$90.6B
2025
Total reserves ranking
79/177
2025
31/177
2025
Net foreign direct investment
-$1.3B
2025
-$8.57B
2025
Net inflows of foreign direct investment
$446M
2024
$7.16B
2024
Net outflows of foreign direct investment
$0
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
19%
2023
Gross capital formation, % of GDP
20.9%
2025
25.9%
2025

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/romania | CC BY

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1962–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.