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Economy of Ecuador vs Romania compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $383B for Romania, ranking 62/197 and 42/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $220B (57.4% of GDP) in Romania.

Ecuador vs Romania GDP by year

Ecuador
Romania
1x
Year GDP, current $
Ecuador Romania
2024 $124,676,074,700 $382,564,217,989
2023 $121,147,057,000 $347,757,995,759
2022 $116,133,121,000 $295,319,437,557
2021 $107,179,074,000 $285,071,280,114
2020 $95,865,473,000 $250,625,048,304
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 (1960–2024, retrieved 2026-04-06).

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
2024 $6,875 $15,840 $20,080 $49,077
2023 $6,738 $15,919 $18,244 $45,982
2022 $6,516 $15,198 $15,504 $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 (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $20,080 in Romania, ranking 58/197. 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
$125B
2024
$383B
2024
GDP rank
62/197
2024
42/197
2024
GDP growth
-2%
2023-2024
0.92%
2023-2024
GDP per capita
$6,875
2024
$20,080
2024
GDP per capita rank
103/197
2024
58/197
2024
GDP per capita, PPP
$15,840
2024
$49,077
2024
GDP per capita PPP rank
110/197
2024
47/197
2024
Government debt
$67B
2024
$220B
2024
Debt-to-GDP ratio
53.8%
2024
57.4%
2024
Government debt per person
$3,695
2024
$11,533
2024
Government debt per person rank
93/185
2024
48/185
2024
Average annual personal income after taxes
$5,894
2026
$13,912
2026
Market capitalization of domestic companies
$747M
2000
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
33.4%
2024
21.8%
2023
Income share by poorest 10%
1.5%
2024
2.4%
2023
Government expenditure, % of GDP
38.1%
2024
39.9%
2024
Consumer prices inflation
1.55%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
3.39%
2024
5.43%
2024
Population
18487749
18839108

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
2024 38.1% 53.8% 39.9% 57.4%
2023 39.5% 54.3% 36.6% 52.1%
2022 38.9% 57.2% 37.4% 51.7%
2021 37.5% 61.8% 37% 51.5%
2020 40.2% 63.6% 38.1% 49.3%
2019 39.8% 52.1% 33.2% 36.5%
2018 40.9% 49.5% 31.7% 36.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 57.4% in Romania, ranking 98/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Romania
1x
Year Deficit/surplus, % of GDP
Ecuador Romania
2024 -1.28% -8.68%
2023 -3.48% -5.61%
2022 0.04% -5.83%
2021 -1.59% -6.7%
2020 -7.38% -9.54%
2019 -3.47% -4.55%
2018 -2.8% -2.74%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Romania ran a deficit in 30 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 4.05% of GDP for Romania.

Inflation comparison by year

Inflation
Ecuador

Romania
1x
Year Consumer prices inflation
Ecuador Romania
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 (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 17.5% in Romania. In 2024, inflation was 1.55% in Ecuador and 5.6% in Romania.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $21.4M
Animal & marine products $16.2M
Processed food, beverages & tobacco $1.76M
Machinery & equipment $118K
Raw materials & minerals $34K
Textiles & consumer goods $11K
Metals $3K
Chemicals & pharma $2K
Precious metals & jewellery $2K
Wood & paper products $2K
Romania
Export category Export value
Metals $2.46M
Raw materials & minerals $822K
Chemicals & pharma $584K
Machinery & equipment $261K
Processed food, beverages & tobacco $149K
Textiles & consumer goods $90K
Wood & paper products $26K
Precious metals & jewellery $15K
Miscellaneous $2K
Raw agricultural goods $1K

Balance of trade

Ecuador Romania
Current account balance
$7.06B
2024
-$31.2B
2024
Current account balance ranking
27/190
2024
185/190
2024
Current account balance, % of GDP
+5.66%
2024
-8.16%
2024
Goods imports
$27.9B
2024
$129B
2024
Goods exports
$34.7B
2024
$93.3B
2024
Service imports
$6.18B
2024
$30.2B
2024
Service exports
$3.86B
2024
$42.9B
2024
Imports of goods and services, % of GDP
26.9%
2024
41.6%
2024
Exports of goods and services, % of GDP
30.3%
2024
35.6%
2024

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 2026-03-09).

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
57.2%
2024
62.6%
2024
Industry, % of GDP
26.5%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
2.81%
2024
GNI, Atlas method
$117B
2024
$335B
2024
GNI per capita, PPP
$15,410
2024
$47,920
2024
Total reserves including gold
$6.91B
2024
$73.4B
2024
Total reserves ranking
87/177
2024
35/177
2024
Net foreign direct investment
-$438M
2024
-$5.17B
2024
Net inflows of foreign direct investment
$443M
2024
$7.16B
2024
Net outflows of foreign direct investment
$0
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
7%
2024
n/a
Poverty at national poverty lines
28%
2024
19%
2023
Gross capital formation, % of GDP
18.5%
2024
25%
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/romania | CC BY

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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 (1962–2000, 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.