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Economy of Ecuador vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $2.55B for Saint Lucia, ranking 62/197 and 173/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Ecuador vs Saint Lucia GDP by year

Ecuador
Saint Lucia
1x
Year GDP, current $
Ecuador Saint Lucia
2024 $124,676,074,700 $2,549,062,963
2023 $121,147,057,000 $2,430,166,667
2022 $116,133,121,000 $2,342,714,815
2021 $107,179,074,000 $1,867,185,185
2020 $95,865,473,000 $1,499,274,074
2019 $107,595,830,000 $2,095,344,444
2018 $107,478,961,000 $2,060,955,556
2017 $104,467,486,000 $1,998,503,704
2016 $97,671,433,000 $1,868,544,444
2015 $97,209,558,000 $1,807,640,741
2014 $102,717,794,000 $1,749,185,185
2013 $96,570,334,000 $1,660,392,593
2012 $87,735,048,000 $1,598,207,407
2011 $78,986,648,000 $1,568,370,370
2010 $68,151,329,000 $1,482,385,185
2009 $60,094,978,000 $1,401,507,889
2008 $61,139,438,000 $1,437,731,111
2007 $49,848,725,000 $1,336,088,815
2006 $45,690,762,000 $1,268,319,185
2005 $40,278,849,000 $1,135,555,556
2004 $35,194,947,000 $1,066,666,667
2003 $30,965,208,000 $987,407,407
2002 $27,054,197,000 $900,000,000
2001 $23,127,055,000 $892,592,593
2000 $17,539,454,727 $932,592,593
1999 $19,645,272,636 $921,851,852
1998 $27,981,896,948 $877,407,407
1997 $28,162,053,027 $805,925,926
1996 $25,226,393,197 $788,888,889
1995 $24,432,884,442 $762,962,963
1994 $22,708,673,337 $713,703,704
1993 $18,938,717,359 $684,814,815
1992 $18,094,238,119 $674,074,074
1991 $16,988,535,268 $613,703,704
1990 $15,239,272,612 $579,629,630
1989 $13,890,823,705 $486,666,667
1988 $13,051,881,851 $429,629,630
1987 $13,945,426,859 $375,555,556
1986 $15,314,138,472 $340,000,000
1985 $17,149,088,413 $284,444,444
1984 $16,912,509,092 $251,481,481
1983 $17,152,477,037 $197,037,037
1982 $19,929,846,396 $183,333,333
1981 $21,810,759,354 $194,444,444
1980 $17,881,508,242 $170,370,370
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/saint-lucia | CC BY

GDP per capita in Ecuador vs Saint Lucia by year

Ecuador
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $14,182 $27,567
2023 $6,738 $15,919 $13,555 $25,975
2022 $6,516 $15,198 $13,104 $24,599
2021 $6,061 $13,507 $10,459 $19,101
2020 $5,464 $11,527 $8,411 $14,912
2019 $6,205 $12,543 $11,794 $18,710
2018 $6,304 $12,187 $11,643 $17,433
2017 $6,233 $11,793 $11,333 $16,131
2016 $5,918 $10,881 $10,638 $15,307
2015 $5,976 $10,878 $10,335 $14,353
2014 $6,406 $11,836 $10,045 $14,403
2013 $6,109 $11,296 $9,577 $14,010
2012 $5,634 $10,245 $9,260 $13,443
2011 $5,154 $9,769 $9,129 $13,471
2010 $4,520 $8,969 $8,674 $12,718
2009 $4,053 $8,662 $8,251 $12,600
2008 $4,195 $8,663 $8,517 $12,969
2007 $3,479 $8,112 $7,964 $12,199
2006 $3,244 $7,885 $7,611 $11,758
2005 $2,909 $7,457 $6,863 $10,818
2004 $2,586 $6,980 $6,495 $10,610
2003 $2,316 $6,475 $6,059 $9,707
2002 $2,059 $6,282 $5,568 $9,205
2001 $1,791 $5,999 $5,570 $9,106
2000 $1,382 $5,728 $5,880 $9,314
1999 $1,575 $5,638 $5,883 $9,214
1998 $2,284 $5,940 $5,673 $8,965
1997 $2,341 $5,793 $5,282 $8,456
1996 $2,136 $5,560 $5,244 $8,490
1995 $2,108 $5,469 $5,148 $8,222
1994 $1,997 $5,339 $4,892 $8,041
1993 $1,698 $5,112 $4,765 $7,865
1992 $1,655 $4,998 $4,760 $7,753
1991 $1,587 $4,887 $4,399 $7,127
1990 $1,455 $4,632 $4,205 $6,951
1989 $1,356 - $3,565 -
1988 $1,304 - $3,182 -
1987 $1,426 - $2,819 -
1986 $1,604 - $2,591 -
1985 $1,842 - $2,202 -
1984 $1,864 - $1,979 -
1983 $1,940 - $1,576 -
1982 $2,314 - $1,489 -
1981 $2,601 - $1,605 -
1980 $2,190 - $1,428 -
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/saint-lucia | CC BY

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Ecuador Saint Lucia
Gross domestic product
$125B
2024
$2.55B
2024
GDP rank
62/197
2024
173/197
2024
GDP growth
-2%
2023-2024
3.89%
2023-2024
GDP per capita
$6,875
2024
$14,182
2024
GDP per capita rank
103/197
2024
70/197
2024
GDP per capita, PPP
$15,840
2024
$27,567
2024
GDP per capita PPP rank
110/197
2024
75/197
2024
Government debt
$67B
2024
$1.97B
2024
Debt-to-GDP ratio
53.8%
2024
77.2%
2024
Government debt per person
$3,695
2024
$10,952
2024
Government debt per person rank
93/185
2024
52/185
2024
Average annual personal income after taxes
$5,894
2026
$10,412
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
34.1%
2015
Income share by poorest 10%
1.5%
2024
2.1%
2015
Government expenditure, % of GDP
38.1%
2024
24.5%
2024
Consumer prices inflation
1.55%
2023-2024
-0.11%
2023-2024
Unemployment rate
3.39%
2024
10.1%
2024
Population
18487749
180638

Spending and national debt comparison by year

Ecuador
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Ecuador Saint Lucia
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 24.5% 77.2%
2023 39.5% 54.3% 25.6% 76.6%
2022 38.9% 57.2% 23% 74.4%
2021 37.5% 61.8% 27.4% 87%
2020 40.2% 63.6% 34.9% 100%
2019 39.8% 52.1% 25.1% 62.1%
2018 40.9% 49.5% 23.2% 60.5%
2017 40.5% 47.4% 23.3% 60.4%
2016 44.1% 46.1% 23% 61.3%
2015 44.1% 36.4% 23.7% 61.1%
2014 45.9% 28.2% 23.6% 62.4%
2013 46.7% 23.4% 25.4% 62.1%
2012 43.2% 19.3% 28% 60.8%
2011 39.6% 18.6% 27% 55.2%
2010 35.4% 18.4% 26% 53%
2009 34.3% 19.7% 24.5% 51%
2008 35.6% 24.9% 22.2% 46.7%
2007 24.7% 29.6% 22.6% 49.1%
2006 21.7% 33.1% 24.7% 48.6%
2005 22% 35.8% 26% 51.9%
2004 21.3% 40.2% 22.9% 49.6%
2003 21.3% 47.2% 22.9% 45.6%
2002 22.8% 55% 23.6% 48.8%
2001 21.4% 63.8% 22.1% 38.1%
2000 24.3% 92.2% 20.7% 32.5%
1999 24.1% 105.2% 20.9% 28.9%
1998 21.5% 70.3% 18.8% 29.4%
1997 22% 61.5% 19.5% 27.2%
1996 22.7% 69.3% 18.9% 24.1%
1995 22% 70.5% 19.2% 22.9%
1994 - - 19.1% 23.8%
1993 - - 21.8% 22.9%
1992 - - 18.4% 22.2%
1991 - - 18.4% 19.8%
1990 - - 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2000, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/saint-lucia | CC BY

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 77.2% in Saint Lucia, ranking 98/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Ecuador Saint Lucia
2024 -1.28% -2.13%
2023 -3.48% -3.09%
2022 0.04% -1.67%
2021 -1.59% -5.1%
2020 -7.38% -12%
2019 -3.47% -3.51%
2018 -2.8% -1.03%
2017 -5.77% -1.14%
2016 -10.3% -0.79%
2015 -6.87% -2.35%
2014 -8.11% -3.08%
2013 -8.17% -4.84%
2012 -2.83% -7.62%
2011 -0.13% -5.38%
2010 -1.39% -4.17%
2009 -3.71% -2.67%
2008 0.57% -0.72%
2007 2.66% -1.62%
2006 2.92% -5.07%
2005 0.66% -6.18%
2004 1.94% -2.63%
2003 1.05% -3.23%
2002 0.74% -3.1%
2001 0.03% -3.08%
2000 -0.32% -1.16%
1999 -4.82% 1.62%
1998 -5.1% 2.25%
1997 -2.83% -1.13%
1996 -3.44% -0.58%
1995 -2.02% -0.13%
1994 - -0.02%
1993 - -0.26%
1992 - -0.66%
1991 - -0.43%
1990 - 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Saint Lucia ran a deficit in 28 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 2.85% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Ecuador

Saint Lucia
1x
Year Consumer prices inflation
Ecuador Saint Lucia
2024 1.55% -0.11%
2023 2.22% 4.07%
2022 3.47% 6.38%
2021 0.13% 2.41%
2020 -0.34% -1.76%
2019 0.27% 0.54%
2018 -0.22% 1.94%
2017 0.42% 0.1%
2016 1.73% -3.08%
2015 3.97% -0.98%
2014 3.59% 3.52%
2013 2.72% 1.47%
2012 5.1% 4.18%
2011 4.47% 2.77%
2010 3.55% 3.25%
2009 5.16% -0.16%
2008 8.4% 5.55%
2007 2.28% 2.82%
2006 3.3% 2.4%
2005 2.17% 3.9%
2004 2.74% 1.46%
2003 7.93% 1.03%
2002 12.5% -0.26%
2001 37.7% 5.31%
2000 96.1% 3.71%
1999 52.2% 3.5%
1998 36.1% 3.2%
1997 30.7% -0.006%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ecuador/saint-lucia | CC BY

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 2.04% in Saint Lucia. In 2024, inflation was 1.55% in Ecuador and -0.11% in Saint Lucia.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $357K
Textiles & consumer goods $105K
Metals $97K
Processed food, beverages & tobacco $36K
Machinery & equipment $21K
Chemicals & pharma $13K
Wood & paper products $3K
Raw materials & minerals $2K
Miscellaneous $1K
Precious metals & jewellery $1K
Saint Lucia
Export category Export value

Balance of trade

Ecuador Saint Lucia
Current account balance
$7.06B
2024
-$64.1M
2024
Current account balance ranking
27/190
2024
86/190
2024
Current account balance, % of GDP
+5.66%
2024
-2.52%
2024
Goods imports
$27.9B
2024
$848M
2024
Goods exports
$34.7B
2024
$137M
2024
Service imports
$6.18B
2024
$598M
2024
Service exports
$3.86B
2024
$1.46B
2024
Imports of goods and services, % of GDP
26.9%
2024
n/a
Exports of goods and services, % of GDP
30.3%
2024
19%
2025

Economic freedom indices

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

Ecuador Saint Lucia
Economic freedom 55.6 67.5
Economic freedom ranking 127/197 57/197
Property rights 33.2 64.3
Government integrity 33 59.7
Judicial effectiveness 48.1 77.3
Tax burden 74.2 77.7
Government spending 54.9 82.6
Fiscal health 90.3 80
Business freedom 64.3 71.9
Labor freedom 56.9 65.2
Monetary freedom 76.3 81
Trade freedom 66.4 60
Investment freedom 30 50
Financial freedom 40 40

Economic freedom comparison by year

Ecuador
Saint Lucia
1x
Year Economic freedom index
Ecuador Saint Lucia
2026 55.6 67.5
2025 55.8 67
2024 55 62.2
2023 55 60.7
2022 54.3 64.3
2021 52.4 67.5
2020 51.3 68.2
2019 46.9 68.7
2018 48.5 67.6
2017 49.3 65
2016 48.6 70
2015 49.2 70.2
2014 48 70.7
2013 46.9 70.4
2012 48.3 71.3
2011 47.1 70.8
2010 49.3 70.5
2009 52.5 68.8
2008 55.2 -
2007 55.3 -
2006 54.6 -
2005 52.9 -
2004 54.4 -
2003 54.1 -
2002 53.1 -
2001 55.1 -
2000 59.8 -
1999 62.9 -
1998 62.8 -
1997 61 -
1996 60.1 -
1995 57.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ecuador/saint-lucia | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Saint Lucia
Services, % of GDP
57.2%
2024
75.9%
2024
Industry, % of GDP
26.5%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
1.13%
2024
GNI, Atlas method
$117B
2024
$2.27B
2024
GNI per capita, PPP
$15,410
2024
$24,840
2024
Total reserves including gold
$6.91B
2024
$406M
2024
Total reserves ranking
87/177
2024
162/177
2024
Net foreign direct investment
-$438M
2024
-$187M
2024
Net inflows of foreign direct investment
$443M
2024
$187M
2024
Net outflows of foreign direct investment
$0
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
7%
2024
3.42%
2024
Poverty at national poverty lines
28%
2024
25%
2016
Gross capital formation, % of GDP
18.5%
2024
n/a

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/saint-lucia | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2000, retrieved 2026-02-20)
  6. TradeMap (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.