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Ecuador vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Ecuador ranked 61st with $108.4B. By GDP 5-years average growth and GDP per capita, Spain and Ecuador ranked 104th vs 150th and 34th vs 96th, respectively.

Gross Domestic Product & Income

StatEcuadorSpain
GDP$108.4B$1.4T
GDP growth, 1 year1.1%2.5%
GDP growth, 5-years average1.2%2.7%
Population15.7M46.5M
GDP per capita$6.3k$30k
GDP per capita growth-0.4%2.07%
Purchasing Power Parity conversion factor0.540.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.76
GDP per capita, PPP adjusted$12k$40k
GNI, Atlas method$104.4B$1.4T
GNI per capita$6.1k$29k
GNI, PPP adjusted$195.1B$1.9T
GNI per capita, PPP adjusted$11k$40k

Financial system and Human development

StatEcuadorSpain
Income Tax Rate35%45%
Corporate Tax Rate25%25%
Inflation, consumer prices-0.2%1.7%
Inflation, GDP deflator2.5%1.1%
Unemployment3.9%15.5%
Economic Freedom Index51.366.9
Personal Freedom Index7.428.95
Human Freedom Index6.78.22
Property Rights Index40.474.9
Judical Effectiveness Index20.751.8
Business Freedom Index53.866.8
Fiscal Health Index62.362.6
Labor Freedom Index4857.7
Investment Freedom Index3585
Financial Freedom Index4070
Trade Freedom Index6686.4
Monetary Freedom Index8182
Government Spending Index57.948.3
Tax Burden Index77.562.1
Government Integrity Index33.455.1
Corruption Perceptions Index3458
Life expectancy at birth, years76.683.3
Suicide mortality rate, per 100,000 people7.18.7
Mortality caused by road traffic injury, per 100,000 people21.34.1
Intentional homicides, per 100,000 people5.80.7
International tourism, number of arrivals2.5M82.8M

Government debt & reserves

StatEcuadorSpain
Central government debt, % of GDP46.1%97%
External debt stocks, % of GNI42.6%N/A
External debt stocks$45BN/A
Short-term debt, % of total reserves34.8%N/A
Total debt service, % of exports and primary income36.7%N/A
Adjusted net savings including particulate emission damage, % of GNI11.4%9.1%
Gross savings, % of GDP25.3%22.3%
Gross capital formation, % of GDP26%20.4%
Total reserves including gold$2.2B$70.6B
Foreign direct investment net inflows$1.4B$49.1B

Exports, imports and economic structure

StatEcuadorSpain
Exports of goods and services, % of GDP22.8%35.1%
Imports of goods and services, % of GDP23%32.4%
Current account balance (balance of payments)-$1.5B$27.3B
Revenue excluding grants, % of GDPN/A15.7%
Grants excluding technical cooperation, BoP$122.5MN/A
Personal remittances received$3B$3.4B
Industry including construction value added, % of GDP32.7%20%
Agriculture, forestry and fishing value added, % of GDP9.2%2.8%
Charges for the use of intellectual property, payments BoP$18.9M$6.6B
Charges for the use of intellectual property, receipts BoPN/A$2.5B
Expense, % of GDPN/A18.8%
Government Expenditure, % of GDP37.5%41.5%

Compare with countries close by GDP per capita

Ecuador vs

CountryGDP
per capita
Population
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M