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Economy of Ecuador vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $981M for Sao Tome and Principe, ranking 64/197 and 189/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $546M (55.7% of GDP) in Sao Tome and Principe.

Ecuador vs Sao Tome and Principe GDP by year

Ecuador
Sao Tome and Principe
1x
Year GDP, current $
Ecuador Sao Tome
2025 $130,320,560,400 $981,293,587
2024 $123,802,374,000 $824,992,558
2023 $120,792,801,000 $690,456,807
2022 $116,133,121,000 $540,809,499
2021 $107,179,074,000 $524,402,456
2020 $95,865,473,000 $471,229,485
2019 $107,595,830,000 $412,976,083
2018 $107,478,961,000 $383,717,328
2017 $104,467,486,000 $322,002,845
2016 $97,671,433,000 $292,267,272
2015 $97,209,558,000 $259,999,643
2014 $102,717,794,000 $293,119,143
2013 $96,570,334,000 $267,041,748
2012 $87,735,048,000 $229,371,348
2011 $78,986,648,000 $226,455,001
2010 $68,151,329,000 $190,021,192
2009 $60,094,978,000 $200,668,065
2008 $61,139,438,000 $188,021,165
2007 $49,848,725,000 $149,146,919
2006 $45,690,762,000 $142,775,104
2005 $40,278,849,000 $136,450,662
2004 $35,194,947,000 $114,582,284
2003 $30,965,208,000 $102,085,769
2002 $27,054,197,000 $85,171,074
2001 $23,127,055,000 $75,951,133
2000 $17,539,454,727 $76,198,395
1999 $19,645,272,636 $77,302,212
1998 $27,981,896,948 $72,285,404
1997 $28,162,053,027 $91,920,274
1996 $25,226,393,197 $135,188,166
1995 $24,432,884,442 $103,695,237
1994 $22,708,673,337 $131,338,415
1993 $18,938,717,359 $125,742,229
1992 $18,094,238,119 $94,861,781
1991 $16,988,535,268 $107,484,143
1990 $15,239,272,612 $119,297,933
1989 $13,890,823,705 $98,545,367
1988 $13,051,881,851 $99,000,764
1987 $13,945,426,859 $115,952,925
1986 $15,314,138,472 $115,928,907
1985 $17,149,088,413 $82,733,069
1984 $16,912,509,092 $78,213,796
1983 $17,152,477,037 $75,110,289
1982 $19,929,846,396 $80,307,763
1981 $21,810,759,354 $83,499,264
1980 $17,881,508,242 $81,662,231
1979 $14,175,160,902 $65,755,928
1978 $11,922,497,876 $55,044,563
1977 $11,026,342,618 $49,207,692
1976 $9,091,921,030 $52,039,421
1975 $7,731,674,472 $60,101,710
1974 $6,599,257,044 $57,817,591
1973 $3,891,754,150 $56,011,245
1972 $3,185,986,087 $41,430,257
1971 $2,754,219,271 $37,288,845
1970 $2,862,503,139 $37,211,826
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/sao-tome-and-principe | CC BY

GDP per capita in Ecuador vs Sao Tome and Principe by year

Ecuador
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $4,084 -
2024 $6,827 $15,840 $3,503 $6,242
2023 $6,718 $15,919 $2,991 $6,150
2022 $6,516 $15,198 $2,390 $6,034
2021 $6,061 $13,507 $2,363 $5,733
2020 $5,464 $11,527 $2,167 $5,145
2019 $6,205 $12,543 $1,935 $4,655
2018 $6,304 $12,187 $1,826 $3,941
2017 $6,233 $11,793 $1,556 $3,436
2016 $5,918 $10,881 $1,435 $3,320
2015 $5,976 $10,878 $1,298 $3,172
2014 $6,406 $11,836 $1,490 $3,233
2013 $6,109 $11,296 $1,383 $2,946
2012 $5,634 $10,245 $1,211 $2,653
2011 $5,154 $9,769 $1,220 $2,914
2010 $4,520 $8,969 $1,045 $2,859
2009 $4,053 $8,662 $1,128 $2,846
2008 $4,195 $8,663 $1,082 $2,802
2007 $3,479 $8,112 $879 $2,650
2006 $3,244 $7,885 $862 $2,551
2005 $2,909 $7,457 $844 $2,329
2004 $2,586 $6,980 $727 $2,171
2003 $2,316 $6,475 $664 $2,094
2002 $2,059 $6,282 $568 $1,945
2001 $1,791 $5,999 $519 $1,898
2000 $1,382 $5,728 $529 $1,830
1999 $1,575 $5,638 $543 $1,802
1998 $2,284 $5,940 $514 $1,754
1997 $2,341 $5,793 $662 $1,714
1996 $2,136 $5,560 $987 $1,693
1995 $2,108 $5,469 $769 $1,663
1994 $1,997 $5,339 $990 $1,623
1993 $1,698 $5,112 $964 $1,581
1992 $1,655 $4,998 $740 $1,556
1991 $1,587 $4,887 $855 $1,540
1990 $1,455 $4,632 $970 $1,504
1989 $1,356 - $821 -
1988 $1,304 - $847 -
1987 $1,426 - $1,018 -
1986 $1,604 - $1,043 -
1985 $1,842 - $761 -
1984 $1,864 - $735 -
1983 $1,940 - $720 -
1982 $2,314 - $783 -
1981 $2,601 - $830 -
1980 $2,190 - $829 -
1979 $1,783 - $683 -
1978 $1,541 - $587 -
1977 $1,465 - $539 -
1976 $1,242 - $585 -
1975 $1,086 - $693 -
1974 $954 - $683 -
1973 $579 - $676 -
1972 $488 - $511 -
1971 $434 - $470 -
1970 $465 - $479 -
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/sao-tome-and-principe | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $4,084 in Sao Tome and Principe, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

Ecuador Sao Tome
Gross domestic product
$130B
2025
$981M
2025
GDP rank
64/197
2025
189/197
2025
GDP growth
3.73%
2024-2025
1.03%
2024-2025
GDP per capita
$7,125
2025
$4,084
2025
GDP per capita rank
102/197
2025
132/197
2025
GDP per capita, PPP
$15,840
2024
$6,242
2024
GDP per capita PPP rank
110/197
2024
151/197
2024
Government debt
$70.9B
2025
$546M
2025
Debt-to-GDP ratio
54.4%
2025
55.7%
2025
Government debt per person
$3,877
2025
$2,275
2025
Government debt per person rank
94/185
2025
115/185
2025
Average annual personal income after taxes
$6,605
2026
$3,249
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
32.8%
2017
Income share by poorest 10%
1.7%
2025
2.6%
2017
Government expenditure, % of GDP
38.4%
2025
21.2%
2025
Consumer prices inflation
0.71%
2024-2025
0.9%
2024-2025
Unemployment rate
3.23%
2025
6.66%
2017
Population
18524711
247495

Spending and national debt comparison by year

Ecuador
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
Ecuador Sao Tome
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 21.2% 55.7%
2024 38.3% 54.1% 23.8% 65.2%
2023 39.6% 54.5% 23.9% 73.2%
2022 38.9% 57.2% 27.7% 86.8%
2021 37.5% 61.8% 25.6% 85.1%
2020 40.2% 63.6% 23.2% 91%
2019 39.8% 52.1% 22.8% 98.6%
2018 40.9% 49.5% 28% 95.9%
2017 40.5% 47.4% 31.9% 92.3%
2016 44.1% 46.1% 38.3% 104.6%
2015 44.1% 36.4% 41.6% 101.1%
2014 45.9% 28.2% 36% 92.5%
2013 46.7% 23.4% 35.5% 76.8%
2012 43.2% 19.3% 50.5% 59.6%
2011 39.6% 18.6% 53.4% 86%
2010 35.4% 18.4% 51.7% 83%
2009 34.3% 19.7% 48.6% 70.3%
2008 35.6% 24.9% 30.4% 60.7%
2007 24.7% 29.6% 38.9% 110.1%
2006 21.7% 33.1% 32.5% 283.2%
2005 22% 35.8% 43.7% 334%
2004 21.3% 40.2% 60.6% 354%
2003 21.3% 47.2% 51.9% 329%
2002 22.8% 55% 44.3% 367%
2001 21.4% 63.8% 52.8% 418%
2000 24.3% 92.2% 10.7% -
1999 24.1% 105.2% - -
1998 21.5% 70.3% - -
1997 22% 61.5% - -
1996 22.7% 69.3% - -
1995 22% 70.5% - -

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

GeoRank.org/economy/ecuador/sao-tome-and-principe | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Sao Tome and Principe spent $208M, or 21.2% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 55.7% in Sao Tome and Principe, ranking 92/185 and 88/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
Ecuador Sao Tome
2025 -2.88% -2.53%
2024 -1.28% 0.92%
2023 -3.49% -2.13%
2022 0.04% -2.24%
2021 -1.59% -1.52%
2020 -7.38% 2.94%
2019 -3.47% -0.07%
2018 -2.8% -2.02%
2017 -5.77% -3.11%
2016 -10.3% -5.01%
2015 -6.87% -7.6%
2014 -8.11% -6.27%
2013 -8.17% 2.13%
2012 -2.83% -12.3%
2011 -0.13% -13%
2010 -1.39% -12.1%
2009 -3.71% -18%
2008 0.57% 13.6%
2007 2.66% 125.1%
2006 2.92% 18%
2005 0.66% 26.8%
2004 1.94% -25.1%
2003 1.05% -15.9%
2002 0.74% -10.4%
2001 0.03% -13.5%
2000 -0.32% 51.5%
1999 -4.82% -
1998 -5.1% -
1997 -2.83% -
1996 -3.44% -
1995 -2.02% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/sao-tome-and-principe | 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 Sao Tome and Principe's deficit of $24.8M, or 2.53% of GDP.

Over the past 26 years, Ecuador recorded a fiscal deficit in 17 of those years, while Sao Tome and Principe ran a deficit in 18 years. On average, Ecuador posted an annual deficit equal to 2.3% of GDP, compared to surplus of 3.39% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
Ecuador

Sao Tome and Principe
1x
Year Consumer prices inflation
Ecuador Sao Tome
2025 0.71% 0.9%
2024 1.55% 14.4%
2023 2.22% 21.1%
2022 3.47% 18.1%
2021 0.13% 8.1%
2020 -0.34% 9.8%
2019 0.27% 7.7%
2018 -0.22% 7.9%
2017 0.42% 5.7%
2016 1.73% 5.4%
2015 3.97% 6.1%
2014 3.59% 7%
2013 2.72% 8.1%
2012 5.1% 10.6%
2011 4.47% 14.3%
2010 3.55% 13.3%
2009 5.16% 17%
2008 8.4% 32%
2007 2.28% 18.6%
2006 3.3% 23.1%
2005 2.17% 17.2%
2004 2.74% 13.3%
2003 7.93% 9.8%
2002 12.5% 10.1%
2001 37.7% 9.2%
2000 96.1% 11%
1999 52.2% 11%
1998 36.1% 42.1%
1997 30.7% 69%

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/sao-tome-and-principe | CC BY

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 15.2% in Sao Tome and Principe. In 2025, inflation was 0.71% in Ecuador and 0.9% in Sao Tome and Principe.

Top exports between countries

Ecuador
Export category Export value
Textiles & consumer goods $4K
Sao Tome
Export category Export value

Balance of trade

Ecuador Sao Tome
Current account balance
$7.7B
2025
$41.5M
2024
Current account balance ranking
28/190
2025
68/190
2024
Current account balance, % of GDP
+5.91%
2025
+5.03%
2024
Goods imports
$31.1B
2025
$153M
2024
Goods exports
$37.4B
2025
$29.3M
2024
Service imports
$6.22B
2025
$83M
2024
Service exports
$4.14B
2025
$88.2M
2024
Imports of goods and services, % of GDP
27.9%
2025
33.3%
2025
Exports of goods and services, % of GDP
31.4%
2025
13.3%
2025

Economic freedom indices

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

Ecuador Sao Tome
Economic freedom 55.6 60.6
Economic freedom ranking 127/197 93/197
Property rights 33.2 55.2
Government integrity 33 47.2
Judicial effectiveness 48.1 60.8
Tax burden 74.2 88.6
Government spending 54.9 80.6
Fiscal health 90.3 89.5
Business freedom 64.3 59.9
Labor freedom 56.9 40.8
Monetary freedom 76.3 59.4
Trade freedom 66.4 65
Investment freedom 30 50
Financial freedom 40 30

Economic freedom comparison by year

Ecuador
Sao Tome and Principe
1x
Year Economic freedom index
Ecuador Sao Tome
2026 55.6 60.6
2025 55.8 60.4
2024 55 60.5
2023 55 61.5
2022 54.3 60.3
2021 52.4 55.9
2020 51.3 56.2
2019 46.9 54
2018 48.5 53.6
2017 49.3 55.4
2016 48.6 56.7
2015 49.2 53.3
2014 48 48.8
2013 46.9 48
2012 48.3 50.2
2011 47.1 49.5
2010 49.3 48.8
2009 52.5 43.8
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 2026-07-08).

GeoRank.org/economy/ecuador/sao-tome-and-principe | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Sao Tome
Services, % of GDP
57%
2025
81.4%
2025
Industry, % of GDP
25.7%
2025
2.23%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
12.2%
2025
GNI, Atlas method
$126B
2025
$913M
2025
GNI per capita, PPP
$16,290
2025
$6,920
2025
Total reserves including gold
$9.8B
2025
$58.8M
2024
Total reserves ranking
79/177
2025
175/177
2024
Net foreign direct investment
-$1.3B
2025
$20.5M
2024
Net inflows of foreign direct investment
$446M
2024
-$16.7M
2024
Net outflows of foreign direct investment
$0
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
0.62%
2024
Poverty at national poverty lines
21.4%
2025
66.2%
2020
Gross capital formation, % of GDP
20.9%
2025
8.74%
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/sao-tome-and-principe | 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 (1995–2025, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2021, 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.