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Economy of Ecuador vs Seychelles compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $2.17B for the Seychelles, ranking 62/197 and 178/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Ecuador vs Seychelles GDP by year

Ecuador
Seychelles
1x
Year GDP, current $
Ecuador Seychelles
2024 $124,676,074,700 $2,167,239,562
2023 $121,147,057,000 $2,187,379,755
2022 $116,133,121,000 $2,018,346,589
2021 $107,179,074,000 $1,487,173,795
2020 $95,865,473,000 $1,382,551,752
2019 $107,595,830,000 $1,868,690,097
2018 $107,478,961,000 $1,784,313,927
2017 $104,467,486,000 $1,675,370,641
2016 $97,671,433,000 $1,568,513,348
2015 $97,209,558,000 $1,432,403,352
2014 $102,717,794,000 $1,387,577,870
2013 $96,570,334,000 $1,333,160,407
2012 $87,735,048,000 $1,089,407,839
2011 $78,986,648,000 $1,058,918,707
2010 $68,151,329,000 $981,616,542
2009 $60,094,978,000 $850,901,620
2008 $61,139,438,000 $979,597,394
2007 $49,848,725,000 $1,077,308,814
2006 $45,690,762,000 $1,081,441,283
2005 $40,278,849,000 $977,899,382
2004 $35,194,947,000 $893,012,218
2003 $30,965,208,000 $750,847,230
2002 $27,054,197,000 $742,134,838
2001 $23,127,055,000 $662,064,156
2000 $17,539,454,727 $654,212,394
1999 $19,645,272,636 $662,838,615
1998 $27,981,896,948 $647,287,376
1997 $28,162,053,027 $598,966,982
1996 $25,226,393,197 $535,250,347
1995 $24,432,884,442 $540,733,048
1994 $22,708,673,337 $517,570,058
1993 $18,938,717,359 $504,230,621
1992 $18,094,238,119 $461,409,399
1991 $16,988,535,268 $398,307,170
1990 $15,239,272,612 $392,163,561
1989 $13,890,823,705 $324,333,367
1988 $13,051,881,851 $301,985,618
1987 $13,945,426,859 $265,212,957
1986 $15,314,138,472 $221,147,061
1985 $17,149,088,413 $179,691,483
1984 $16,912,509,092 $160,992,921
1983 $17,152,477,037 $156,098,237
1982 $19,929,846,396 $157,211,790
1981 $21,810,759,354 $163,750,728
1980 $17,881,508,242 $156,783,830
1979 $14,175,160,902 $127,261,099
1978 $11,922,497,876 $85,552,366
1977 $11,026,342,618 $64,526,401
1976 $9,091,921,030 $49,278,982
1975 $7,731,674,472 $47,803,146
1974 $6,599,257,044 $43,134,496
1973 $3,891,754,150 $36,896,280
1972 $3,185,986,087 $30,645,123
1971 $2,754,219,271 $21,965,951
1970 $2,862,503,139 $18,432,032
1969 $3,112,165,727 $16,452,028
1968 $2,582,179,864 $16,074,028
1967 $2,553,595,172 $16,632,032
1966 $2,429,308,639 $16,443,034
1965 $2,387,047,396 $15,603,032
1964 $2,244,146,103 $15,393,032
1963 $1,824,343,871 $13,923,029
1962 $1,518,207,703 $12,642,026
1961 $1,753,850,955 $11,592,024
1960 $2,069,464,937 $12,012,025

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Seychelles by year

Ecuador
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $17,859 $33,239
2023 $6,738 $15,919 $18,263 $31,781
2022 $6,516 $15,198 $16,837 $29,973
2021 $6,061 $13,507 $14,983 $29,980
2020 $5,464 $11,527 $14,041 $31,056
2019 $6,205 $12,543 $19,142 $34,219
2018 $6,304 $12,187 $18,440 $32,091
2017 $6,233 $11,793 $17,480 $30,675
2016 $5,918 $10,881 $16,567 $28,811
2015 $5,976 $10,878 $15,333 $25,435
2014 $6,406 $11,836 $15,188 $24,985
2013 $6,109 $11,296 $14,821 $22,487
2012 $5,634 $10,245 $12,337 $22,264
2011 $5,154 $9,769 $12,110 $21,781
2010 $4,520 $8,969 $10,935 $18,982
2009 $4,053 $8,662 $9,747 $18,453
2008 $4,195 $8,663 $11,265 $18,881
2007 $3,479 $8,112 $12,669 $19,473
2006 $3,244 $7,885 $12,783 $17,503
2005 $2,909 $7,457 $11,802 $15,846
2004 $2,586 $6,980 $10,828 $14,160
2003 $2,316 $6,475 $9,070 $14,142
2002 $2,059 $6,282 $8,864 $14,570
2001 $1,791 $5,999 $8,153 $14,615
2000 $1,382 $5,728 $8,064 $14,638
1999 $1,575 $5,638 $8,243 $13,853
1998 $2,284 $5,940 $8,210 $13,675
1997 $2,341 $5,793 $7,747 $13,458
1996 $2,136 $5,560 $7,004 $11,931
1995 $2,108 $5,469 $7,181 $10,809
1994 $1,997 $5,339 $6,975 $10,692
1993 $1,698 $5,112 $6,979 $11,020
1992 $1,655 $4,998 $6,520 $10,243
1991 $1,587 $4,887 $5,655 $9,387
1990 $1,455 $4,632 $5,642 $8,955
1989 $1,356 - $4,689 -
1988 $1,304 - $4,392 -
1987 $1,426 - $3,872 -
1986 $1,604 - $3,368 -
1985 $1,842 - $2,754 -
1984 $1,864 - $2,488 -
1983 $1,940 - $2,426 -
1982 $2,314 - $2,441 -
1981 $2,601 - $2,557 -
1980 $2,190 - $2,478 -
1979 $1,783 - $2,030 -
1978 $1,541 - $1,377 -
1977 $1,465 - $1,044 -
1976 $1,242 - $814 -
1975 $1,086 - $806 -
1974 $954 - $745 -
1973 $579 - $649 -
1972 $488 - $547 -
1971 $434 - $402 -
1970 $465 - $344 -
1969 $521 - $314 -
1968 $445 - $314 -
1967 $454 - $333 -
1966 $445 - $338 -
1965 $450 - $328 -
1964 $436 - $332 -
1963 $365 - $308 -
1962 $312 - $287 -
1961 $371 - $270.3 -
1960 $451 - $288.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while the Seychelles ranks 67th at $33,239.

Economic indicators

Ecuador Seychelles
Gross domestic product
$125B
2024
$2.17B
2024
GDP rank
62/197
2024
178/197
2024
GDP growth
-2%
2023-2024
3.47%
2023-2024
GDP per capita
$6,875
2024
$17,859
2024
GDP per capita rank
103/197
2024
63/197
2024
GDP per capita, PPP
$15,840
2024
$33,239
2024
GDP per capita PPP rank
110/197
2024
67/197
2024
Government debt
$67B
2024
$1.25B
2024
Debt-to-GDP ratio
53.8%
2024
57.6%
2024
Government debt per person
$3,695
2024
$10,288
2024
Government debt per person rank
93/185
2024
57/185
2024
Average annual personal income after taxes
$5,894
2026
$10,944
2026
Market capitalization of domestic companies
$747M
2000
$811M
2024
Income share by richest 10%
33.4%
2024
23.9%
2018
Income share by poorest 10%
1.5%
2024
2.6%
2018
Government expenditure, % of GDP
38.1%
2024
33.8%
2024
Consumer prices inflation
1.55%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
3.39%
2024
2.59%
2024
Population
18487749
126311

Spending and national debt comparison by year

Ecuador
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Ecuador Seychelles
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 33.8% 57.6%
2023 39.5% 54.3% 32.9% 55.3%
2022 38.9% 57.2% 31.3% 60%
2021 37.5% 61.8% 38.8% 71%
2020 40.2% 63.6% 46.7% 77.4%
2019 39.8% 52.1% 31.7% 48.9%
2018 40.9% 49.5% 33% 51.3%
2017 40.5% 47.4% 34.3% 56.7%
2016 44.1% 46.1% 34.5% 62.8%
2015 44.1% 36.4% 31.5% 64.7%
2014 45.9% 28.2% 33.4% 70.4%
2013 46.7% 23.4% 37.8% 68.2%
2012 43.2% 19.3% 38.6% 80.1%
2011 39.6% 18.6% 36.4% 82.5%
2010 35.4% 18.4% 34.6% 82.2%
2009 34.3% 19.7% 32.1% 106.1%
2008 35.6% 24.9% 27% 192.1%
2007 24.7% 29.6% 41.9% 144%
2006 21.7% 33.1% 43.6% 135.1%
2005 22% 35.8% 39% 144.1%
2004 21.3% 40.2% 39.9% 163.2%
2003 21.3% 47.2% 44.6% 177%
2002 22.8% 55% 56.3% 195.9%
2001 21.4% 63.8% 46.8% 199.8%
2000 24.3% 92.2% 55.4% 177.8%
1999 24.1% 105.2% 56.1% 159.8%
1998 21.5% 70.3% 60.7% 161.2%
1997 22% 61.5% 54.7% 143%
1996 22.7% 69.3% 59.1% 146.7%
1995 22% 70.5% 53.1% 133.5%
1994 - - 63.6% 123.5%
1993 - - 60.4% 82.2%
1992 - - 50.7% 79.9%
1991 - - 52.1% 89.2%
1990 - - 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 57.6% in the Seychelles, ranking 98/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Seychelles
1x
Year Deficit/surplus, % of GDP
Ecuador Seychelles
2024 -1.28% -0.69%
2023 -3.48% -1.14%
2022 0.04% -0.76%
2021 -1.59% -5.76%
2020 -7.38% -15.7%
2019 -3.47% 0.42%
2018 -2.8% -0.8%
2017 -5.77% -1.67%
2016 -10.3% 0.02%
2015 -6.87% 1.39%
2014 -8.11% 2.87%
2013 -8.17% 0.33%
2012 -2.83% 2.93%
2011 -0.13% 3.36%
2010 -1.39% 0.52%
2009 -3.71% 4.84%
2008 0.57% 7.88%
2007 2.66% -9.93%
2006 2.92% -2.54%
2005 0.66% 0.42%
2004 1.94% 0.44%
2003 1.05% 3.4%
2002 0.74% -16.3%
2001 0.03% -8.93%
2000 -0.32% -14.7%
1999 -4.82% -10.3%
1998 -5.1% -16.7%
1997 -2.83% -5.91%
1996 -3.44% -9.69%
1995 -2.02% -2.58%
1994 - -6.95%
1993 - -3.62%
1992 - 6.44%
1991 - 3.15%
1990 - 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while the Seychelles ran a deficit in 17 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 3.18% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Ecuador

Seychelles
1x
Year Consumer prices inflation
Ecuador Seychelles
2024 1.55% 0.31%
2023 2.22% -1.04%
2022 3.47% 2.63%
2021 0.13% 9.77%
2020 -0.34% 1.2%
2019 0.27% 1.81%
2018 -0.22% 3.7%
2017 0.42% 2.86%
2016 1.73% -1.02%
2015 3.97% 4.04%
2014 3.59% 1.39%
2013 2.72% 4.34%
2012 5.1% 7.11%
2011 4.47% 2.56%
2010 3.55% -2.4%
2009 5.16% 31.8%
2008 8.4% 37%
2007 2.28% 5.32%
2006 3.3% -0.35%
2005 2.17% 0.91%
2004 2.74% 3.86%
2003 7.93% 3.3%
2002 12.5% 0.18%
2001 37.7% 5.97%
2000 96.1% 6.27%
1999 52.2% 6.35%
1998 36.1% 2.58%
1997 30.7% 0.62%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 5.03% in the Seychelles. In 2024, inflation was 1.55% in Ecuador and 0.31% in the Seychelles.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $488K
Chemicals & pharma $21K
Wood & paper products $2K
Seychelles
Export category Export value
Animal & marine products $457K
Machinery & equipment $8K

Balance of trade

Ecuador Seychelles
Current account balance
$7.06B
2024
-$176M
2024
Current account balance ranking
27/190
2024
97/190
2024
Current account balance, % of GDP
+5.66%
2024
-8.11%
2024
Goods imports
$27.9B
2024
$1.39B
2024
Goods exports
$34.7B
2024
$595M
2024
Service imports
$6.18B
2024
$1B
2024
Service exports
$3.86B
2024
$1.71B
2024
Imports of goods and services, % of GDP
26.9%
2024
103.2%
2024
Exports of goods and services, % of GDP
30.3%
2024
85.2%
2024

Economic freedom indices

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

Ecuador Seychelles
Economic freedom 55.6 66.5
Economic freedom ranking 127/197 60/197
Property rights 33.2 82.6
Government integrity 33 71.7
Judicial effectiveness 48.1 61.7
Tax burden 74.2 77.3
Government spending 54.9 68
Fiscal health 90.3 92.2
Business freedom 64.3 71.3
Labor freedom 56.9 52
Monetary freedom 76.3 79.8
Trade freedom 66.4 81.2
Investment freedom 30 30
Financial freedom 40 30

Economic freedom comparison by year

Ecuador
Seychelles
1x
Year Economic freedom index
Ecuador Seychelles
2026 55.6 66.5
2025 55.8 66.4
2024 55 60.4
2023 55 59.5
2022 54.3 61.1
2021 52.4 66.3
2020 51.3 64.3
2019 46.9 61.4
2018 48.5 61.6
2017 49.3 61.8
2016 48.6 62.2
2015 49.2 57.5
2014 48 56.2
2013 46.9 54.9
2012 48.3 53
2011 47.1 51.2
2010 49.3 47.9
2009 52.5 47.8
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/seychelles | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Seychelles
Services, % of GDP
57.2%
2024
65.8%
2024
Industry, % of GDP
26.5%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
2.45%
2024
GNI, Atlas method
$117B
2024
$2.12B
2024
GNI per capita, PPP
$15,410
2024
$32,180
2024
Total reserves including gold
$6.91B
2024
$774M
2024
Total reserves ranking
87/177
2024
145/177
2024
Net foreign direct investment
-$438M
2024
-$262M
2024
Net inflows of foreign direct investment
$443M
2024
$226M
2024
Net outflows of foreign direct investment
$0
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
7%
2024
n/a
Poverty at national poverty lines
28%
2024
25.3%
2018
Gross capital formation, % of GDP
18.5%
2024
17.2%
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/seychelles | 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 (1983–2000, retrieved 2026-02-20)
  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.