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Economy of Ecuador vs Samoa compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $1.18B for Samoa, ranking 62/197 and 185/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $296M (25.2% of GDP) in Samoa.

Ecuador vs Samoa GDP by year

Ecuador
Samoa
1x
Year GDP, current $
Ecuador Samoa
2024 $124,676,074,700 $1,175,749,786
2023 $121,147,057,000 $1,044,909,500
2022 $116,133,121,000 $889,554,712
2021 $107,179,074,000 $859,724,936
2020 $95,865,473,000 $868,884,903
2019 $107,595,830,000 $912,950,466
2018 $107,478,961,000 $878,448,433
2017 $104,467,486,000 $884,844,384
2016 $97,671,433,000 $843,924,797
2015 $97,209,558,000 $824,150,499
2014 $102,717,794,000 $796,683,520
2013 $96,570,334,000 $797,736,334
2012 $87,735,048,000 $773,141,661
2011 $78,986,648,000 $744,097,050
2010 $68,151,329,000 $680,260,907
2009 $60,094,978,000 $628,006,115
2008 $61,139,438,000 $641,346,192
2007 $49,848,725,000 $573,548,460
2006 $45,690,762,000 $499,923,758
2005 $40,278,849,000 $476,801,793
2004 $35,194,947,000 $407,747,565
2003 $30,965,208,000 $333,426,188
2002 $27,054,197,000 $281,790,134
2001 $23,127,055,000 $266,299,591
2000 $17,539,454,727 $258,856,140
1999 $19,645,272,636 $255,408,060
1998 $27,981,896,948 $269,485,244
1997 $28,162,053,027 $285,475,592
1996 $25,226,393,197 $249,907,869
1995 $24,432,884,442 $224,865,731
1994 $22,708,673,337 $221,098,107
1993 $18,938,717,359 $133,122,897
1992 $18,094,238,119 $132,303,041
1991 $16,988,535,268 $125,597,205
1990 $15,239,272,612 $125,766,270
1989 $13,890,823,705 $122,888,610
1988 $13,051,881,851 $133,016,065
1987 $13,945,426,859 $111,713,922
1986 $15,314,138,472 $100,947,849
1985 $17,149,088,413 $95,572,173
1984 $16,912,509,092 $109,200,934
1983 $17,152,477,037 $111,862,824
1982 $19,929,846,396 $121,221,652
1981 $21,810,759,354 $118,190,655
1980 $17,881,508,242 $125,747,038
1979 $14,175,160,902 $122,257,393
1978 $11,922,497,876 $108,223,444
1977 $11,026,342,618 $98,295,671
1976 $9,091,921,030 $85,003,078
1975 $7,731,674,472 $93,489,283
1974 $6,599,257,044 $93,549,611
1973 $3,891,754,150 $82,452,985
1972 $3,185,986,087 $62,566,116
1971 $2,754,219,271 $53,719,569
1970 $2,862,503,139 $45,208,338
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/samoa | CC BY

GDP per capita in Ecuador vs Samoa by year

Ecuador
GDP per capita

GDP per capita, PPP
Samoa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Samoa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $5,393 $8,737
2023 $6,738 $15,919 $4,823 $8,195
2022 $6,516 $15,198 $4,132 $6,909
2021 $6,061 $13,507 $4,022 $6,350
2020 $5,464 $11,527 $4,100 $6,451
2019 $6,205 $12,543 $4,352 $6,638
2018 $6,304 $12,187 $4,232 $6,318
2017 $6,233 $11,793 $4,308 $6,280
2016 $5,918 $10,881 $4,147 $6,141
2015 $5,976 $10,878 $4,084 $5,682
2014 $6,406 $11,836 $3,983 $5,468
2013 $6,109 $11,296 $4,024 $5,387
2012 $5,634 $10,245 $3,935 $5,339
2011 $5,154 $9,769 $3,822 $5,494
2010 $4,520 $8,969 $3,524 $5,229
2009 $4,053 $8,662 $3,279 $4,906
2008 $4,195 $8,663 $3,374 $4,939
2007 $3,479 $8,112 $3,039 $4,713
2006 $3,244 $7,885 $2,663 $4,592
2005 $2,909 $7,457 $2,550 $4,379
2004 $2,586 $6,980 $2,189 $3,997
2003 $2,316 $6,475 $1,798 $3,792
2002 $2,059 $6,282 $1,528 $3,553
2001 $1,791 $5,999 $1,454 $3,335
2000 $1,382 $5,728 $1,425 $3,062
1999 $1,575 $5,638 $1,417 $2,871
1998 $2,284 $5,940 $1,506 $2,792
1997 $2,341 $5,793 $1,608 $2,722
1996 $2,136 $5,560 $1,419 $2,681
1995 $2,108 $5,469 $1,288 $2,478
1994 $1,997 $5,339 $1,277 $2,294
1993 $1,698 $5,112 $775 $2,323
1992 $1,655 $4,998 $777 $2,198
1991 $1,587 $4,887 $742 $2,166
1990 $1,455 $4,632 $744 $2,148
1989 $1,356 - $728 -
1988 $1,304 - $790 -
1987 $1,426 - $666 -
1986 $1,604 - $604 -
1985 $1,842 - $573 -
1984 $1,864 - $655 -
1983 $1,940 - $671 -
1982 $2,314 - $728 -
1981 $2,601 - $713 -
1980 $2,190 - $765 -
1979 $1,783 - $751 -
1978 $1,541 - $671 -
1977 $1,465 - $615 -
1976 $1,242 - $541 -
1975 $1,086 - $610 -
1974 $954 - $626 -
1973 $579 - $563 -
1972 $488 - $433 -
1971 $434 - $377 -
1970 $465 - $322 -
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/samoa | CC BY

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $5,393 in Samoa, ranking 117/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Samoa ranks 137th at $8,737.

Economic indicators

Ecuador Samoa
Gross domestic product
$125B
2024
$1.18B
2024
GDP rank
62/197
2024
185/197
2024
GDP growth
-2%
2023-2024
4.75%
2023-2024
GDP per capita
$6,875
2024
$5,393
2024
GDP per capita rank
103/197
2024
117/197
2024
GDP per capita, PPP
$15,840
2024
$8,737
2024
GDP per capita PPP rank
110/197
2024
137/197
2024
Government debt
$67B
2024
$296M
2024
Debt-to-GDP ratio
53.8%
2024
25.2%
2024
Government debt per person
$3,695
2024
$1,357
2024
Government debt per person rank
93/185
2024
135/185
2024
Average annual personal income after taxes
$5,894
2026
$3,750
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
33.4%
2024
31.3%
2013
Income share by poorest 10%
1.5%
2024
2.7%
2013
Government expenditure, % of GDP
38.1%
2024
26.3%
2024
Consumer prices inflation
1.55%
2023-2024
2.17%
2023-2024
Central bank interest rate n/a
0.37%
2024
Unemployment rate
3.39%
2024
5.05%
2022
Population
18487749
220932

Spending and national debt comparison by year

Ecuador
Spending

Debt
Samoa
Spending

Debt
1x
Year % of GDP
Ecuador Samoa
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 26.3% 25.2%
2023 39.5% 54.3% 28.8% 31.8%
2022 38.9% 57.2% 31.1% 41%
2021 37.5% 61.8% 34.1% 45.4%
2020 40.2% 63.6% 30.5% 43.2%
2019 39.8% 52.1% 31.8% 44.3%
2018 40.9% 49.5% 30% 49.4%
2017 40.5% 47.4% 30.9% 46.7%
2016 44.1% 46.1% 27.3% 49%
2015 44.1% 36.4% 30.5% 56.4%
2014 45.9% 28.2% 35.3% 54.9%
2013 46.7% 23.4% 30.7% 54.1%
2012 43.2% 19.3% 33.6% 50.9%
2011 39.6% 18.6% 33.7% 41.5%
2010 35.4% 18.4% 29.4% 40.3%
2009 34.3% 19.7% 31.5% 33.3%
2008 35.6% 24.9% 27.7% 28.2%
2007 24.7% 29.6% 31.1% 31.5%
2006 21.7% 33.1% 27.7% 33.5%
2005 22% 35.8% 30.6% 34.2%
2004 21.3% 40.2% 27.3% 39.8%
2003 21.3% 47.2% 28.5% 42.8%
2002 22.8% 55% 30.7% 50.3%
2001 21.4% 63.8% 30% 53.8%
2000 24.3% 92.2% 30.4% 55.8%
1999 24.1% 105.2% 33.8% 59.4%
1998 21.5% 70.3% 28.1% 58.9%
1997 22% 61.5% 31% -
1996 22.7% 69.3% 38.9% -
1995 22% 70.5% 42.2% -
1994 - - 54.1% -
1993 - - 49.5% -
1992 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Samoa spent $310M, or 26.3% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 25.2% in Samoa, ranking 98/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Samoa
1x
Year Deficit/surplus, % of GDP
Ecuador Samoa
2024 -1.28% 9.29%
2023 -3.48% 2.7%
2022 0.04% 5.03%
2021 -1.59% 1.71%
2020 -7.38% 5.41%
2019 -3.47% 1.51%
2018 -2.8% 0.06%
2017 -5.77% -1.98%
2016 -10.3% -0.35%
2015 -6.87% -3.79%
2014 -8.11% -5.38%
2013 -8.17% -3.82%
2012 -2.83% -7.43%
2011 -0.13% -5.25%
2010 -1.39% -5.49%
2009 -3.71% -2.98%
2008 0.57% -0.36%
2007 2.66% 0.55%
2006 2.92% -0.44%
2005 0.66% 0.23%
2004 1.94% -0.74%
2003 1.05% -0.51%
2002 0.74% -1.77%
2001 0.03% -1.96%
2000 -0.32% -0.62%
1999 -4.82% 0.27%
1998 -5.1% 1.64%
1997 -2.83% 1.92%
1996 -3.44% 1.21%
1995 -2.02% -5.82%
1994 - -9.51%
1993 - -13.2%
1992 - -9.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/samoa | 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 Samoa's surplus of $109M, or 9.29% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Samoa ran a deficit in 17 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 0.57% of GDP for Samoa.

Inflation comparison by year

Inflation
Ecuador

Samoa
1x
Year Consumer prices inflation
Ecuador Samoa
2024 1.55% 2.17%
2023 2.22% 7.92%
2022 3.47% 11%
2021 0.13% 3.13%
2020 -0.34% -1.57%
2019 0.27% 0.98%
2018 -0.22% 4.2%
2017 0.42% 1.75%
2016 1.73% 1.3%
2015 3.97% 0.72%
2014 3.59% -0.41%
2013 2.72% 0.61%
2012 5.1% 2.05%
2011 4.47% 5.24%
2010 3.55% 0.78%
2009 5.16% 6.32%
2008 8.4% 11.6%
2007 2.28% 5.58%
2006 3.3% 3.7%
2005 2.17% 1.86%
2004 2.74% 16.3%
2003 7.93% 0.12%
2002 12.5% 8.05%
2001 37.7% 3.84%
2000 96.1% 0.97%
1999 52.2% 0.27%
1998 36.1% 2.22%
1997 30.7% 6.86%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 3.84% in Samoa. In 2024, inflation was 1.55% in Ecuador and 2.17% in Samoa.

Balance of trade

Ecuador Samoa
Current account balance
$7.06B
2024
$65.6M
2024
Current account balance ranking
27/190
2024
72/190
2024
Current account balance, % of GDP
+5.66%
2024
+5.58%
2024
Goods imports
$27.9B
2024
$448M
2024
Goods exports
$34.7B
2024
$42.2M
2024
Service imports
$6.18B
2024
$128M
2024
Service exports
$3.86B
2024
$327M
2024
Imports of goods and services, % of GDP
26.9%
2024
48.9%
2024
Exports of goods and services, % of GDP
30.3%
2024
30.7%
2024

Economic freedom indices

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

Ecuador Samoa
Economic freedom 55.6 68
Economic freedom ranking 127/197 52/197
Property rights 33.2 77.1
Government integrity 33 64.1
Judicial effectiveness 48.1 77.6
Tax burden 74.2 79.3
Government spending 54.9 75.2
Fiscal health 90.3 98.7
Business freedom 64.3 63.7
Labor freedom 56.9 73.7
Monetary freedom 76.3 69.4
Trade freedom 66.4 67.2
Investment freedom 30 40
Financial freedom 40 30

Economic freedom comparison by year

Ecuador
Samoa
1x
Year Economic freedom index
Ecuador Samoa
2026 55.6 68
2025 55.8 66.6
2024 55 67.2
2023 55 68.3
2022 54.3 68.3
2021 52.4 61.9
2020 51.3 62.1
2019 46.9 62.2
2018 48.5 61.5
2017 49.3 58.4
2016 48.6 63.5
2015 49.2 61.9
2014 48 61.1
2013 46.9 57.1
2012 48.3 60.5
2011 47.1 60.6
2010 49.3 60.4
2009 52.5 59.5
2008 55.2 -
2007 55.3 -
2006 54.6 -
2005 52.9 -
2004 54.4 -
2003 54.1 -
2002 53.1 -
2001 55.1 63.1
2000 59.8 60.8
1999 62.9 58.7
1998 62.8 49.9
1997 61 51.5
1996 60.1 47.6
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 68 for Samoa, ranking 52/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Samoa
Services, % of GDP
57.2%
2024
69.4%
2024
Industry, % of GDP
26.5%
2024
10.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
9.8%
2024
GNI, Atlas method
$117B
2024
$1.1B
2024
GNI per capita, PPP
$15,410
2024
$8,620
2024
Total reserves including gold
$6.91B
2024
$508M
2024
Total reserves ranking
87/177
2024
155/177
2024
Net foreign direct investment
-$438M
2024
-$1.69M
2024
Net inflows of foreign direct investment
$443M
2024
$3.74M
2024
Net outflows of foreign direct investment
$0
2024
$2.05M
2024
Servicing debt to the IMF, % of GNI
7%
2024
3.15%
2024
Poverty at national poverty lines
28%
2024
21.9%
2018
Gross capital formation, % of GDP
18.5%
2024
29%
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/samoa | 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 (1992–2024, 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 (1995–2000, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.