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Economy of Ecuador vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $1.28T for Saudi Arabia, ranking 64/197 and 19/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Ecuador vs Saudi Arabia GDP by year

Ecuador
Saudi Arabia
1x
Year GDP, current $
Ecuador Saudi Arabia
2025 $130,320,560,400 $1,276,942,933,333
2024 $123,802,374,000 $1,254,140,800,000
2023 $120,792,801,000 $1,218,584,800,000
2022 $116,133,121,000 $1,239,075,200,000
2021 $107,179,074,000 $982,661,066,667
2020 $95,865,473,000 $767,951,200,000
2019 $107,595,830,000 $888,890,133,333
2018 $107,478,961,000 $886,564,800,000
2017 $104,467,486,000 $741,266,133,333
2016 $97,671,433,000 $689,279,466,667
2015 $97,209,558,000 $693,414,400,000
2014 $102,717,794,000 $787,153,066,667
2013 $96,570,334,000 $769,755,733,333
2012 $87,735,048,000 $751,921,333,333
2011 $78,986,648,000 $680,660,800,000
2010 $68,151,329,000 $528,207,466,667
2009 $60,094,978,000 $429,097,866,667
2008 $61,139,438,000 $519,796,800,000
2007 $49,848,725,000 $415,964,509,673
2006 $45,690,762,000 $376,900,133,511
2005 $40,278,849,000 $328,459,608,764
2004 $35,194,947,000 $258,742,133,333
2003 $30,965,208,000 $215,807,733,333
2002 $27,054,197,000 $189,605,866,667
2001 $23,127,055,000 $184,137,600,000
2000 $17,539,454,727 $189,514,933,333
1999 $19,645,272,636 $161,717,066,667
1998 $27,981,896,948 $146,775,466,667
1997 $28,162,053,027 $165,963,684,913
1996 $25,226,393,197 $158,662,483,311
1995 $24,432,884,442 $143,343,124,166
1994 $22,708,673,337 $135,174,899,866
1993 $18,938,717,359 $132,967,957,276
1992 $18,094,238,119 $137,087,850,467
1991 $16,988,535,268 $132,223,230,975
1990 $15,239,272,612 $117,630,173,565
1989 $13,890,823,705 $95,344,459,279
1988 $13,051,881,851 $88,256,074,766
1987 $13,945,426,859 $85,695,861,148
1986 $15,314,138,472 $86,961,922,765
1985 $17,149,088,413 $103,897,846,494
1984 $16,912,509,092 $119,624,858,116
1983 $17,152,477,037 $129,171,635,311
1982 $19,929,846,396 $153,240,313,858
1981 $21,810,759,354 $184,291,360,139
1980 $17,881,508,242 $164,539,660,725
1979 $14,175,160,902 $111,858,444,786
1978 $11,922,497,876 $80,266,516,687
1977 $11,026,342,618 $74,188,986,586
1976 $9,091,921,030 $64,005,665,722
1975 $7,731,674,472 $46,773,208,643
1974 $6,599,257,044 $45,412,957,746
1973 $3,891,754,150 $14,947,435,499
1972 $3,185,986,087 $9,664,267,087
1971 $2,754,219,271 $7,184,806,909
1970 $2,862,503,139 $5,377,333,333
1969 $3,112,165,727 $4,485,777,644
1968 $2,582,179,864 $4,187,777,711
1967 $2,553,595,172 $3,257,022,223
1966 $2,429,308,639 $2,920,555,557
1965 $2,387,047,396 $2,647,955,558
1964 $2,244,146,103 $2,371,808,713
1963 $1,824,343,871 $2,207,393,172
1962 $1,518,207,703 $2,130,606,532
1961 $1,753,850,955 $1,920,811,284
1960 $2,069,464,937 $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/saudi-arabia | CC BY

GDP per capita in Ecuador vs Saudi Arabia by year

Ecuador
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $34,537 -
2024 $6,827 $15,840 $35,528 $71,375
2023 $6,718 $15,919 $36,157 $71,565
2022 $6,516 $15,198 $38,510 $71,968
2021 $6,061 $13,507 $31,921 $62,690
2020 $5,464 $11,527 $24,339 $47,518
2019 $6,205 $12,543 $29,567 $59,560
2018 $6,304 $12,187 $29,360 $59,378
2017 $6,233 $11,793 $23,929 $53,120
2016 $5,918 $10,881 $22,268 $49,937
2015 $5,976 $10,878 $23,256 $53,931
2014 $6,406 $11,836 $27,805 $62,578
2013 $6,109 $11,296 $27,865 $62,203
2012 $5,634 $10,245 $28,733 $65,034
2011 $5,154 $9,769 $27,127 $64,125
2010 $4,520 $8,969 $22,028 $58,829
2009 $4,053 $8,662 $17,718 $54,787
2008 $4,195 $8,663 $22,320 $57,236
2007 $3,479 $8,112 $18,596 $55,030
2006 $3,244 $7,885 $17,564 $54,639
2005 $2,909 $7,457 $15,976 $53,548
2004 $2,586 $6,980 $13,154 $51,225
2003 $2,316 $6,475 $11,487 $48,078
2002 $2,059 $6,282 $10,586 $45,466
2001 $1,791 $5,999 $10,805 $47,381
2000 $1,382 $5,728 $11,715 $48,644
1999 $1,575 $5,638 $10,452 $47,495
1998 $2,284 $5,940 $9,836 $48,867
1997 $2,341 $5,793 $11,545 $48,796
1996 $2,136 $5,560 $11,472 $48,569
1995 $2,108 $5,469 $10,786 $48,052
1994 $1,997 $5,339 $10,602 $48,904
1993 $1,698 $5,112 $10,885 $49,503
1992 $1,655 $4,998 $11,730 $50,355
1991 $1,587 $4,887 $11,847 $49,295
1990 $1,455 $4,632 $11,055 $46,214
1989 $1,356 - $9,414 -
1988 $1,304 - $9,165 -
1987 $1,426 - $9,386 -
1986 $1,604 - $10,078 -
1985 $1,842 - $12,745 -
1984 $1,864 - $15,541 -
1983 $1,940 - $17,810 -
1982 $2,314 - $22,454 -
1981 $2,601 - $28,703 -
1980 $2,190 - $27,206 -
1979 $1,783 - $19,612 -
1978 $1,541 - $14,914 -
1977 $1,465 - $14,595 -
1976 $1,242 - $13,313 -
1975 $1,086 - $10,266 -
1974 $954 - $10,503 -
1973 $579 - $3,640 -
1972 $488 - $2,474 -
1971 $434 - $1,929 -
1970 $465 - $1,509 -
1969 $521 - $1,313 -
1968 $445 - $1,276 -
1967 $454 - $1,032 -
1966 $445 - $961 -
1965 $450 - $904 -
1964 $436 - $840 -
1963 $365 - $812 -
1962 $312 - $813 -
1961 $371 - $760 -
1960 $451 - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/saudi-arabia | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Ecuador Saudi Arabia
Gross domestic product
$130B
2025
$1.28T
2025
GDP rank
64/197
2025
19/197
2025
GDP growth
3.73%
2024-2025
4.5%
2024-2025
GDP per capita
$7,125
2025
$34,537
2025
GDP per capita rank
102/197
2025
36/197
2025
GDP per capita, PPP
$15,840
2024
$71,375
2024
GDP per capita PPP rank
110/197
2024
24/197
2024
Government debt
$70.9B
2025
$405B
2025
Debt-to-GDP ratio
54.4%
2025
31.7%
2025
Government debt per person
$3,877
2025
$10,956
2025
Government debt per person rank
94/185
2025
57/185
2025
Average annual personal income after taxes
$6,605
2026
$22,010
2026
Market capitalization of domestic companies
$747M
2000
$2.36T
2025
Number of millionaires n/a
348,000
2026
Number of billionaires n/a
15
2026
Income share by richest 10%
35.1%
2025
n/a
Income share by poorest 10%
1.7%
2025
n/a
Government expenditure, % of GDP
38.4%
2025
29%
2025
Consumer prices inflation
0.71%
2024-2025
2.08%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
3.23%
2025
3.24%
2025
Population
18524711
37955120

Spending and national debt comparison by year

Ecuador
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Ecuador Saudi Arabia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 29% 31.7%
2024 38.3% 54.1% 29.2% 25.9%
2023 39.6% 54.5% 28.3% 23%
2022 38.9% 57.2% 25.3% 21.3%
2021 37.5% 61.8% 28.2% 25.5%
2020 40.2% 63.6% 37.4% 29.7%
2019 39.8% 52.1% 31.8% 20.3%
2018 40.9% 49.5% 32.4% 16.8%
2017 40.5% 47.4% 30.9% 15.9%
2016 44.1% 46.1% 33.3% 12.2%
2015 44.1% 36.4% 38.5% 5.47%
2014 45.9% 28.2% 38.6% 1.5%
2013 46.7% 23.4% 34.5% 2.08%
2012 43.2% 19.3% 32.5% 2.97%
2011 39.6% 18.6% 32.4% 5.31%
2010 35.4% 18.4% 33% 8.43%
2009 34.3% 19.7% 37.1% 14%
2008 35.6% 24.9% 26.7% 12.1%
2007 24.7% 29.6% 29.5% 17.1%
2006 21.7% 33.1% 27.3% 25.8%
2005 22% 35.8% 28.2% 37.3%
2004 21.3% 40.2% 31.1% 62.9%
2003 21.3% 47.2% 33.1% 81.6%
2002 22.8% 55% 35.9% 96.4%
2001 21.4% 63.8% 36.9% 93.1%
2000 24.3% 92.2% 33.1% 86.7%
1999 24.1% 105.2% 30.3% 103%
1998 21.5% 70.3% 34.5% 101.5%
1997 22% 61.5% 35.6% 76.7%
1996 22.7% 69.3% 33.3% 75.2%
1995 22% 70.5% 32.4% 74.2%
1994 - - 33.8% 67.9%
1993 - - 37.7% 58.6%
1992 - - 41.2% 47.8%
1991 - - 34.9% 39.4%
1990 - - 39.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/saudi-arabia | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 31.7% in Saudi Arabia, ranking 92/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Ecuador Saudi Arabia
2025 -2.88% -5.77%
2024 -1.28% -2.46%
2023 -3.49% -1.77%
2022 0.04% 2.24%
2021 -1.59% -1.99%
2020 -7.38% -10.2%
2019 -3.47% -3.96%
2018 -2.8% -5.21%
2017 -5.77% -8.57%
2016 -10.3% -13.2%
2015 -6.87% -14.9%
2014 -8.11% -3.4%
2013 -8.17% 5.47%
2012 -2.83% 11.7%
2011 -0.13% 11.4%
2010 -1.39% 4.39%
2009 -3.71% -5.38%
2008 0.57% 29.8%
2007 2.66% 11.8%
2006 2.92% 20.8%
2005 0.66% 18%
2004 1.94% 9.72%
2003 1.05% 1.2%
2002 0.74% -5.91%
2001 0.03% -3.91%
2000 -0.32% 3.18%
1999 -4.82% -5.99%
1998 -5.1% -8.88%
1997 -2.83% -2.51%
1996 -3.44% -3.25%
1995 -2.02% -5.12%
1994 - -8.31%
1993 - -9.33%
1992 - -8.12%
1991 - -3.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/saudi-arabia | 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 Saudi Arabia's deficit of $73.7B, or 5.77% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Saudi Arabia ran a deficit in 19 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to surplus of 0.56% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Ecuador

Saudi Arabia
1x
Year Consumer prices inflation
Ecuador Saudi Arabia
2025 0.71% 2.08%
2024 1.55% 1.69%
2023 2.22% 2.33%
2022 3.47% 2.47%
2021 0.13% 3.06%
2020 -0.34% 3.37%
2019 0.27% -1.19%
2018 -0.22% 2.47%
2017 0.42% -0.83%
2016 1.73% 2.05%
2015 3.97% 1.22%
2014 3.59% 2.24%
2013 2.72% 3.51%
2012 5.1% 2.87%
2011 4.47% 5.83%
2010 3.55% 5.34%
2009 5.16% 5.06%
2008 8.4% 9.87%
2007 2.28% 4.17%
2006 3.3% 2.21%
2005 2.17% 0.48%
2004 2.74% 0.52%
2003 7.93% 0.61%
2002 12.5% 0.25%
2001 37.7% -1.12%
2000 96.1% -1.12%
1999 52.2% -1.33%
1998 36.1% -0.37%
1997 30.7% 0.06%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/saudi-arabia | CC BY

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 1.99% in Saudi Arabia. In 2025, inflation was 0.71% in Ecuador and 2.08% in Saudi Arabia.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $182M
Animal & marine products $1.28M
Processed food, beverages & tobacco $655K
Chemicals & pharma $247K
Machinery & equipment $158K
Miscellaneous $14K
Textiles & consumer goods $9K
Wood & paper products $9K
Metals $5K
Raw materials & minerals $5K
Saudi Arabia
Export category Export value
Chemicals & pharma $19.5M
Machinery & equipment $4.97M
Textiles & consumer goods $907K
Wood & paper products $622K
Metals $553K
Raw materials & minerals $275K
Raw agricultural goods $4K
Miscellaneous $1K

Balance of trade

Ecuador Saudi Arabia
Current account balance
$7.7B
2025
-$32.7B
2025
Current account balance ranking
28/190
2025
185/190
2025
Current account balance, % of GDP
+5.91%
2025
-2.56%
2025
Goods imports
$31.1B
2025
$230B
2025
Goods exports
$37.4B
2025
$311B
2025
Service imports
$6.22B
2025
$129B
2025
Service exports
$4.14B
2025
$69.4B
2025
Imports of goods and services, % of GDP
27.9%
2025
28.2%
2025
Exports of goods and services, % of GDP
31.4%
2025
29.7%
2025

Economic freedom indices

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

Ecuador Saudi Arabia
Economic freedom 55.6 65.4
Economic freedom ranking 127/197 65/197
Property rights 33.2 51.4
Government integrity 33 52.7
Judicial effectiveness 48.1 38.2
Tax burden 74.2 99.2
Government spending 54.9 77
Fiscal health 90.3 97.9
Business freedom 64.3 71.2
Labor freedom 56.9 41.8
Monetary freedom 76.3 81.2
Trade freedom 66.4 73.8
Investment freedom 30 50
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Saudi Arabia
1x
Year Economic freedom index
Ecuador Saudi Arabia
2026 55.6 65.4
2025 55.8 64.4
2024 55 61.9
2023 55 58.3
2022 54.3 55.5
2021 52.4 66
2020 51.3 62.4
2019 46.9 60.7
2018 48.5 59.6
2017 49.3 64.4
2016 48.6 62.1
2015 49.2 62.1
2014 48 62.2
2013 46.9 60.6
2012 48.3 62.5
2011 47.1 66.2
2010 49.3 64.1
2009 52.5 64.3
2008 55.2 62.5
2007 55.3 60.9
2006 54.6 63
2005 52.9 63
2004 54.4 60.4
2003 54.1 63.2
2002 53.1 65.3
2001 55.1 62.2
2000 59.8 66.5
1999 62.9 65.5
1998 62.8 69.3
1997 61 68.7
1996 60.1 68.3
1995 57.7 -

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

GeoRank.org/economy/ecuador/saudi-arabia | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Saudi Arabia
Services, % of GDP
57%
2025
48.9%
2025
Industry, % of GDP
25.7%
2025
43%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
2.59%
2025
GNI, Atlas method
$126B
2025
$1.33T
2025
GNI per capita, PPP
$16,290
2025
$74,400
2025
Total reserves including gold
$9.8B
2025
$505B
2025
Total reserves ranking
79/177
2025
8/177
2025
Net foreign direct investment
-$1.3B
2025
-$5.6B
2025
Net inflows of foreign direct investment
$446M
2024
$21.3B
2024
Net outflows of foreign direct investment
$0
2024
$27.6B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
n/a
Gross capital formation, % of GDP
20.9%
2025
31.6%
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/saudi-arabia | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, 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.