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Economy of Ecuador vs Slovakia compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $155B for Slovakia, ranking 64/197 and 60/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Ecuador vs Slovakia GDP by year

Ecuador
Slovakia
1x
Year GDP, current $
Ecuador Slovakia
2025 $130,320,560,400 $154,530,066,507
2024 $123,802,374,000 $140,934,076,532
2023 $120,792,801,000 $133,578,518,424
2022 $116,133,121,000 $115,792,972,358
2021 $107,179,074,000 $120,511,265,913
2020 $95,865,473,000 $107,732,602,896
2019 $107,595,830,000 $105,843,498,304
2018 $107,478,961,000 $106,611,673,365
2017 $104,467,486,000 $95,978,130,735
2016 $97,671,433,000 $90,347,173,229
2015 $97,209,558,000 $89,178,548,717
2014 $102,717,794,000 $101,713,075,599
2013 $96,570,334,000 $99,134,277,850
2012 $87,735,048,000 $94,724,394,278
2011 $78,986,648,000 $99,705,104,723
2010 $68,151,329,000 $91,112,160,801
2009 $60,094,978,000 $89,342,984,698
2008 $61,139,438,000 $96,685,492,864
2007 $49,848,725,000 $77,019,443,089
2006 $45,690,762,000 $57,111,148,619
2005 $40,278,849,000 $48,823,790,951
2004 $35,194,947,000 $42,960,730,480
2003 $30,965,208,000 $33,761,723,946
2002 $27,054,197,000 $24,768,142,566
2001 $23,127,055,000 $21,377,597,035
2000 $17,539,454,727 $20,626,538,612
1999 $19,645,272,636 $20,813,421,086
1998 $27,981,896,948 $22,911,708,405
1997 $28,162,053,027 $22,026,728,498
1996 $25,226,393,197 $21,864,845,214
1995 $24,432,884,442 $20,306,095,054
1994 $22,708,673,337 $16,187,735,322
1993 $18,938,717,359 $13,991,963,247
1992 $18,094,238,119 $12,932,972,789
1991 $16,988,535,268 $11,952,983,608
1990 $15,239,272,612 $17,068,924,602
1989 $13,890,823,705 -
1988 $13,051,881,851 -
1987 $13,945,426,859 -
1986 $15,314,138,472 -
1985 $17,149,088,413 -
1984 $16,912,509,092 -
1983 $17,152,477,037 -
1982 $19,929,846,396 -
1981 $21,810,759,354 -
1980 $17,881,508,242 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ecuador vs Slovakia by year

Ecuador
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $28,544 -
2024 $6,827 $15,840 $25,993 $48,132
2023 $6,718 $15,919 $24,615 $45,974
2022 $6,516 $15,198 $21,318 $41,562
2021 $6,061 $13,507 $22,123 $38,346
2020 $5,464 $11,527 $19,735 $35,328
2019 $6,205 $12,543 $19,406 $33,986
2018 $6,304 $12,187 $19,573 $31,510
2017 $6,233 $11,793 $17,646 $30,246
2016 $5,918 $10,881 $16,636 $29,868
2015 $5,976 $10,878 $16,442 $30,148
2014 $6,406 $11,836 $18,771 $29,108
2013 $6,109 $11,296 $18,313 $28,075
2012 $5,634 $10,245 $17,517 $27,023
2011 $5,154 $9,769 $18,469 $26,202
2010 $4,520 $8,969 $16,899 $25,382
2009 $4,053 $8,662 $16,587 $23,077
2008 $4,195 $8,663 $17,974 $23,714
2007 $3,479 $8,112 $14,330 $21,232
2006 $3,244 $7,885 $10,629 $18,906
2005 $2,909 $7,457 $9,087 $16,570
2004 $2,586 $6,980 $7,997 $15,166
2003 $2,316 $6,475 $6,283 $14,088
2002 $2,059 $6,282 $4,606 $13,292
2001 $1,791 $5,999 $3,974 $12,367
2000 $1,382 $5,728 $3,828 $11,370
1999 $1,575 $5,638 $3,857 $10,726
1998 $2,284 $5,940 $4,250 $10,666
1997 $2,341 $5,793 $4,092 $10,137
1996 $2,136 $5,560 $4,069 $9,500
1995 $2,108 $5,469 $3,787 $8,812
1994 $1,997 $5,339 $3,028 $8,178
1993 $1,698 $5,112 $2,627 $7,569
1992 $1,655 $4,998 $2,438 $7,270
1991 $1,587 $4,887 $2,254 $7,623
1990 $1,455 $4,632 $3,221 $8,638
1989 $1,356 - - -
1988 $1,304 - - -
1987 $1,426 - - -
1986 $1,604 - - -
1985 $1,842 - - -
1984 $1,864 - - -
1983 $1,940 - - -
1982 $2,314 - - -
1981 $2,601 - - -
1980 $2,190 - - -
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 (1960–2025, retrieved 2026-07-08).

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Slovakia ranks 49th at $48,132.

Economic indicators

Ecuador Slovakia
Gross domestic product
$130B
2025
$155B
2025
GDP rank
64/197
2025
60/197
2025
GDP growth
3.73%
2024-2025
0.81%
2024-2025
GDP per capita
$7,125
2025
$28,544
2025
GDP per capita rank
102/197
2025
46/197
2025
GDP per capita, PPP
$15,840
2024
$48,132
2024
GDP per capita PPP rank
110/197
2024
49/197
2024
Government debt
$70.9B
2025
$95.3B
2025
Debt-to-GDP ratio
54.4%
2025
61.6%
2025
Government debt per person
$3,877
2025
$17,597
2025
Government debt per person rank
94/185
2025
36/185
2025
Average annual personal income after taxes
$6,605
2026
$17,518
2026
Market capitalization of domestic companies
$747M
2000
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
35.1%
2025
18.8%
2023
Income share by poorest 10%
1.7%
2025
3.3%
2023
Government expenditure, % of GDP
38.4%
2025
48.7%
2025
Consumer prices inflation
0.71%
2024-2025
4%
2024-2025
Unemployment rate
3.23%
2025
5.4%
2025
Population
18524711
5376239

Spending and national debt comparison by year

Ecuador
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Ecuador Slovakia
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 48.7% 61.6%
2024 38.3% 54.1% 47.5% 59.7%
2023 39.6% 54.5% 48.2% 55.8%
2022 38.9% 57.2% 43.1% 57.8%
2021 37.5% 61.8% 44.8% 60.2%
2020 40.2% 63.6% 44.5% 58.4%
2019 39.8% 52.1% 40.6% 48%
2018 40.9% 49.5% 39.7% 49.3%
2017 40.5% 47.4% 39.8% 51.4%
2016 44.1% 46.1% 40.9% 52.1%
2015 44.1% 36.4% 44.1% 51.6%
2014 45.9% 28.2% 42% 53.4%
2013 46.7% 23.4% 41.1% 54.6%
2012 43.2% 19.3% 40% 51.7%
2011 39.6% 18.6% 40.8% 43.3%
2010 35.4% 18.4% 41% 40.7%
2009 34.3% 19.7% 43.2% 36.4%
2008 35.6% 24.9% 36.5% 28.6%
2007 24.7% 29.6% 35.9% 30.4%
2006 21.7% 33.1% 38.2% 31.5%
2005 22% 35.8% 39.1% 35%
2004 21.3% 40.2% 38.4% 42%
2003 21.3% 47.2% 40% 43.6%
2002 22.8% 55% 46% 45.6%
2001 21.4% 63.8% 46.2% 51.4%
2000 24.3% 92.2% 53.2% 50.6%
1999 24.1% 105.2% 48.4% 47.1%
1998 21.5% 70.3% 46.2% 33.9%
1997 22% 61.5% 48.6% 32.8%
1996 22.7% 69.3% 52.8% 30.3%
1995 22% 70.5% 47.8% 21.3%

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/slovakia | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 61.6% in Slovakia, ranking 92/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Slovakia
1x
Year Deficit/surplus, % of GDP
Ecuador Slovakia
2025 -2.88% -5.02%
2024 -1.28% -5.5%
2023 -3.49% -5.3%
2022 0.04% -1.56%
2021 -1.59% -5.09%
2020 -7.38% -5.3%
2019 -3.47% -1.21%
2018 -2.8% -1.01%
2017 -5.77% -0.98%
2016 -10.3% -2.59%
2015 -6.87% -2.78%
2014 -8.11% -3.25%
2013 -8.17% -2.86%
2012 -2.83% -4.37%
2011 -0.13% -4.36%
2010 -1.39% -7.44%
2009 -3.71% -8.18%
2008 0.57% -2.54%
2007 2.66% -2.26%
2006 2.92% -3.57%
2005 0.66% -2.86%
2004 1.94% -2.36%
2003 1.05% -2.28%
2002 0.74% -8.35%
2001 0.03% -7.74%
2000 -0.32% -12.7%
1999 -4.82% -7.25%
1998 -5.1% -5.37%
1997 -2.83% -6.24%
1996 -3.44% -9.72%
1995 -2.02% -3.43%

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

GeoRank.org/economy/ecuador/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Slovakia ran a deficit in 31 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Ecuador

Slovakia
1x
Year Consumer prices inflation
Ecuador Slovakia
2025 0.71% 4%
2024 1.55% 2.76%
2023 2.22% 10.5%
2022 3.47% 12.8%
2021 0.13% 3.15%
2020 -0.34% 1.94%
2019 0.27% 2.66%
2018 -0.22% 2.51%
2017 0.42% 1.31%
2016 1.73% -0.52%
2015 3.97% -0.33%
2014 3.59% -0.08%
2013 2.72% 1.4%
2012 5.1% 3.61%
2011 4.47% 3.92%
2010 3.55% 0.96%
2009 5.16% 1.62%
2008 8.4% 4.6%
2007 2.28% 2.76%
2006 3.3% 4.48%
2005 2.17% 2.71%
2004 2.74% 7.55%
2003 7.93% 8.55%
2002 12.5% 3.13%
2001 37.7% 7.33%
2000 96.1% 12%
1999 52.2% 10.6%
1998 36.1% 6.67%
1997 30.7% 6.14%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 4.44% in Slovakia. In 2025, inflation was 0.71% in Ecuador and 4% in Slovakia.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $921K
Raw agricultural goods $203K
Textiles & consumer goods $202K
Wood & paper products $80K
Machinery & equipment $18K
Raw materials & minerals $1K
Slovakia
Export category Export value
Machinery & equipment $54.8M
Raw materials & minerals $1.63M
Chemicals & pharma $240K
Textiles & consumer goods $108K
Processed food, beverages & tobacco $84K
Metals $79K
Weapons & explosives $39K
Animal & marine products $7K
Miscellaneous $1K
Wood & paper products $1K

Balance of trade

Ecuador Slovakia
Current account balance
$7.7B
2025
-$5.6B
2025
Current account balance ranking
28/190
2025
165/190
2025
Current account balance, % of GDP
+5.91%
2025
-3.63%
2025
Goods imports
$31.1B
2025
$117B
2025
Goods exports
$37.4B
2025
$117B
2025
Service imports
$6.22B
2025
$14.3B
2025
Service exports
$4.14B
2025
$14.7B
2025
Imports of goods and services, % of GDP
27.9%
2025
85.2%
2025
Exports of goods and services, % of GDP
31.4%
2025
85.1%
2025

Economic freedom indices

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

Ecuador Slovakia
Economic freedom 55.6 67.7
Economic freedom ranking 127/197 54/197
Property rights 33.2 82.6
Government integrity 33 57.2
Judicial effectiveness 48.1 70.5
Tax burden 74.2 75.4
Government spending 54.9 36.4
Fiscal health 90.3 69.6
Business freedom 64.3 71.1
Labor freedom 56.9 55.1
Monetary freedom 76.3 69.7
Trade freedom 66.4 79.4
Investment freedom 30 75
Financial freedom 40 70

Economic freedom comparison by year

Ecuador
Slovakia
1x
Year Economic freedom index
Ecuador Slovakia
2026 55.6 67.7
2025 55.8 68.4
2024 55 68.1
2023 55 69
2022 54.3 69.7
2021 52.4 66.3
2020 51.3 66.8
2019 46.9 65
2018 48.5 65.3
2017 49.3 65.7
2016 48.6 66.6
2015 49.2 67.2
2014 48 66.4
2013 46.9 68.7
2012 48.3 67
2011 47.1 69.5
2010 49.3 69.7
2009 52.5 69.4
2008 55.2 70
2007 55.3 69.6
2006 54.6 69.8
2005 52.9 66.8
2004 54.4 64.6
2003 54.1 59
2002 53.1 59.8
2001 55.1 58.5
2000 59.8 53.8
1999 62.9 54.2
1998 62.8 57.5
1997 61 55.5
1996 60.1 57.6
1995 57.7 60.4

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Slovakia
Services, % of GDP
57%
2025
59.8%
2025
Industry, % of GDP
25.7%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
1.59%
2025
GNI, Atlas method
$126B
2025
$143B
2025
GNI per capita, PPP
$16,290
2025
$47,920
2025
Total reserves including gold
$9.8B
2025
$18.2B
2025
Total reserves ranking
79/177
2025
69/177
2025
Net foreign direct investment
-$1.3B
2025
-$198M
2025
Net inflows of foreign direct investment
$446M
2024
$5.01B
2024
Net outflows of foreign direct investment
$0
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
n/a
Poverty at national poverty lines
21.4%
2025
13.7%
2021
Gross capital formation, % of GDP
20.9%
2025
20.1%
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/slovakia | 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. 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.