Skip to content

Economy of Ecuador vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $99B for Sri Lanka, ranking 62/197 and 72/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Ecuador vs Sri Lanka GDP by year

Ecuador
Sri Lanka
1x
Year GDP, current $
Ecuador Sri Lanka
2024 $124,676,074,700 $98,963,185,510
2023 $121,147,057,000 $83,716,142,582
2022 $116,133,121,000 $74,143,020,263
2021 $107,179,074,000 $88,556,698,938
2020 $95,865,473,000 $84,335,574,582
2019 $107,595,830,000 $88,998,706,297
2018 $107,478,961,000 $94,450,015,983
2017 $104,467,486,000 $94,369,350,286
2016 $97,671,433,000 $88,000,211,172
2015 $97,209,558,000 $85,090,301,052
2014 $102,717,794,000 $82,531,125,191
2013 $96,570,334,000 $76,976,203,829
2012 $87,735,048,000 $70,447,217,164
2011 $78,986,648,000 $67,753,285,897
2010 $68,151,329,000 $58,636,049,434
2009 $60,094,978,000 $42,066,224,093
2008 $61,139,438,000 $40,713,826,215
2007 $49,848,725,000 $32,350,238,760
2006 $45,690,762,000 $28,267,410,543
2005 $40,278,849,000 $24,405,791,045
2004 $35,194,947,000 $20,662,525,941
2003 $30,965,208,000 $18,881,765,437
2002 $27,054,197,000 $16,536,535,647
2001 $23,127,055,000 $15,749,753,805
2000 $17,539,454,727 $16,595,882,819
1999 $19,645,272,636 $15,711,933,513
1998 $27,981,896,948 $15,760,736,956
1997 $28,162,053,027 $15,091,913,884
1996 $25,226,393,197 $13,897,738,375
1995 $24,432,884,442 $13,029,697,561
1994 $22,708,673,337 $11,717,604,209
1993 $18,938,717,359 $10,338,679,636
1992 $18,094,238,119 $9,703,011,636
1991 $16,988,535,268 $9,000,362,582
1990 $15,239,272,612 $8,032,551,173
1989 $13,890,823,705 $6,987,267,684
1988 $13,051,881,851 $6,978,371,581
1987 $13,945,426,859 $6,682,167,120
1986 $15,314,138,472 $6,405,210,564
1985 $17,149,088,413 $5,978,460,972
1984 $16,912,509,092 $6,043,474,843
1983 $17,152,477,037 $5,167,913,302
1982 $19,929,846,396 $4,768,765,017
1981 $21,810,759,354 $4,415,844,156
1980 $17,881,508,242 $4,024,621,900
1979 $14,175,160,902 $3,364,611,432
1978 $11,922,497,876 $2,733,183,857
1977 $11,026,342,618 $4,104,509,583
1976 $9,091,921,030 $3,591,319,857
1975 $7,731,674,472 $3,791,298,146
1974 $6,599,257,044 $3,574,586,466
1973 $3,891,754,150 $2,875,625,000
1972 $3,185,986,087 $2,553,936,348
1971 $2,754,219,271 $2,369,308,600
1970 $2,862,503,139 $2,296,470,588
1969 $3,112,165,727 $1,965,546,218
1968 $2,582,179,864 $1,801,344,538
1967 $2,553,595,172 $1,859,465,021
1966 $2,429,308,639 $1,751,470,588
1965 $2,387,047,396 $1,698,319,328
1964 $2,244,146,103 $1,309,747,899
1963 $1,824,343,871 $1,240,672,269
1962 $1,518,207,703 $1,434,156,379
1961 $1,753,850,955 $1,444,327,731
1960 $2,069,464,937 $1,409,873,950

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

GeoRank.org/economy/ecuador/sri-lanka | CC BY

GDP per capita in Ecuador vs Sri Lanka by year

Ecuador
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $4,516 $15,633
2023 $6,738 $15,919 $3,799 $14,456
2022 $6,516 $15,198 $3,343 $14,194
2021 $6,061 $13,507 $3,997 $14,316
2020 $5,464 $11,527 $3,848 $12,941
2019 $6,205 $12,543 $4,082 $14,113
2018 $6,304 $12,187 $4,359 $14,178
2017 $6,233 $11,793 $4,399 $13,610
2016 $5,918 $10,881 $4,149 $13,079
2015 $5,976 $10,878 $4,058 $12,227
2014 $6,406 $11,836 $3,972 $11,721
2013 $6,109 $11,296 $3,739 $11,253
2012 $5,634 $10,245 $3,328 $10,249
2011 $5,154 $9,769 $3,225 $9,076
2010 $4,520 $8,969 $2,808 $8,234
2009 $4,053 $8,662 $2,027 $7,576
2008 $4,195 $8,663 $1,974 $7,317
2007 $3,479 $8,112 $1,579 $6,820
2006 $3,244 $7,885 $1,389 $6,261
2005 $2,909 $7,457 $1,207 $5,679
2004 $2,586 $6,980 $1,029 $5,216
2003 $2,316 $6,475 $946 $4,850
2002 $2,059 $6,282 $835 $4,522
2001 $1,791 $5,999 $804 $4,328
2000 $1,382 $5,728 $860 $4,368
1999 $1,575 $5,638 $829 $4,103
1998 $2,284 $5,940 $848 $3,952
1997 $2,341 $5,793 $827 $3,804
1996 $2,136 $5,560 $776 $3,582
1995 $2,108 $5,469 $742 $3,454
1994 $1,997 $5,339 $678 $3,260
1993 $1,698 $5,112 $607 $3,067
1992 $1,655 $4,998 $580 $2,851
1991 $1,587 $4,887 $546 $2,713
1990 $1,455 $4,632 $491 $2,527
1989 $1,356 - $430 -
1988 $1,304 - $434 -
1987 $1,426 - $420 -
1986 $1,604 - $407 -
1985 $1,842 - $385 -
1984 $1,864 - $391 -
1983 $1,940 - $336 -
1982 $2,314 - $312 -
1981 $2,601 - $292.5 -
1980 $2,190 - $271.1 -
1979 $1,783 - $230.8 -
1978 $1,541 - $191 -
1977 $1,465 - $292.1 -
1976 $1,242 - $260.3 -
1975 $1,086 - $279.8 -
1974 $954 - $268.7 -
1973 $579 - $220.2 -
1972 $488 - $199.4 -
1971 $434 - $188.8 -
1970 $465 - $186.9 -
1969 $521 - $163.6 -
1968 $445 - $153.5 -
1967 $454 - $162.3 -
1966 $445 - $156.6 -
1965 $450 - $155.6 -
1964 $436 - $122.9 -
1963 $365 - $119.4 -
1962 $312 - $141.4 -
1961 $371 - $145.9 -
1960 $451 - $145.9 -

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

GeoRank.org/economy/ecuador/sri-lanka | CC BY

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Ecuador Sri Lanka
Gross domestic product
$125B
2024
$99B
2024
GDP rank
62/197
2024
72/197
2024
GDP growth
-2%
2023-2024
5.01%
2023-2024
GDP per capita
$6,875
2024
$4,516
2024
GDP per capita rank
103/197
2024
124/197
2024
GDP per capita, PPP
$15,840
2024
$15,633
2024
GDP per capita PPP rank
110/197
2024
111/197
2024
Government debt
$67B
2024
$99.8B
2024
Debt-to-GDP ratio
53.8%
2024
100.8%
2024
Government debt per person
$3,695
2024
$4,554
2024
Government debt per person rank
93/185
2024
85/185
2024
Average annual personal income after taxes
$5,894
2026
$2,874
2026
Market capitalization of domestic companies
$747M
2000
$19.5B
2024
Income share by richest 10%
33.4%
2024
30.8%
2019
Income share by poorest 10%
1.5%
2024
3.1%
2019
Government expenditure, % of GDP
38.1%
2024
19.3%
2024
Consumer prices inflation
1.55%
2023-2024
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
3.39%
2024
4.67%
2023
Population
18487749
22185425

Spending and national debt comparison by year

Ecuador
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Ecuador Sri Lanka
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 19.3% 100.8%
2023 39.5% 54.3% 19.5% 110.4%
2022 38.9% 57.2% 18.6% 115.9%
2021 37.5% 61.8% 20% 102.7%
2020 40.2% 63.6% 22.1% 96.9%
2019 39.8% 52.1% 19.5% 82.6%
2018 40.9% 49.5% 17.5% 83.6%
2017 40.5% 47.4% 17.9% 72.3%
2016 44.1% 46.1% 18.2% 75%
2015 44.1% 36.4% 19.3% 76.3%
2014 45.9% 28.2% 17.2% 69.6%
2013 46.7% 23.4% 16.6% 69.5%
2012 43.2% 19.3% 17.3% 67.5%
2011 39.6% 18.6% 19.1% 69.4%
2010 35.4% 18.4% 19.3% 68.7%
2009 34.3% 19.7% 21% 72.8%
2008 35.6% 24.9% 19.1% 68.8%
2007 24.7% 29.6% 19.9% 71.8%
2006 21.7% 33.1% 20.5% 74.3%
2005 22% 35.8% 20.1% 76.6%
2004 21.3% 40.2% 19.3% 86.5%
2003 21.3% 47.2% 19.3% 86.5%
2002 22.8% 55% 20.8% 96.3%
2001 21.4% 63.8% 22.4% 84.4%
2000 24.3% 92.2% 21.7% 79.2%
1999 24.1% 105.2% 20.5% 77.7%
1998 21.5% 70.3% 21.4% 74.2%
1997 22% 61.5% 21.4% 70.1%
1996 22.7% 69.3% 23.1% 76.2%
1995 22% 70.5% 24.8% 77.8%
1994 - - 24.1% 77.9%
1993 - - 23.2% 79.2%
1992 - - 23% 77.9%
1991 - - 26.4% 80.5%
1990 - - 25.4% 78.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/sri-lanka | CC BY

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 100.8% in Sri Lanka, ranking 98/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Ecuador Sri Lanka
2024 -1.28% -5.64%
2023 -3.48% -8.32%
2022 0.04% -10.2%
2021 -1.59% -11.7%
2020 -7.38% -13.4%
2019 -3.47% -7.52%
2018 -2.8% -4.96%
2017 -5.77% -5.1%
2016 -10.3% -5%
2015 -6.87% -6.64%
2014 -8.11% -5.99%
2013 -8.17% -5%
2012 -2.83% -5.44%
2011 -0.13% -6.01%
2010 -1.39% -6.73%
2009 -3.71% -8.33%
2008 0.57% -5.93%
2007 2.66% -5.81%
2006 2.92% -5.91%
2005 0.66% -5.93%
2004 1.94% -6.32%
2003 1.05% -6.15%
2002 0.74% -6.9%
2001 0.03% -8.48%
2000 -0.32% -7.78%
1999 -4.82% -5.58%
1998 -5.1% -6.79%
1997 -2.83% -5.71%
1996 -3.44% -6.89%
1995 -2.02% -7.11%
1994 - -7.41%
1993 - -5.77%
1992 - -4.95%
1991 - -7.97%
1990 - -6.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Sri Lanka ran a deficit in 30 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 6.91% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Ecuador

Sri Lanka
1x
Year Consumer prices inflation
Ecuador Sri Lanka
2024 1.55% -0.43%
2023 2.22% 16.5%
2022 3.47% 49.7%
2021 0.13% 7.01%
2020 -0.34% 6.15%
2019 0.27% 3.53%
2018 -0.22% 2.14%
2017 0.42% 7.7%
2016 1.73% 3.96%
2015 3.97% 3.77%
2014 3.59% 3.18%
2013 2.72% 6.91%
2012 5.1% 7.54%
2011 4.47% 6.72%
2010 3.55% 6.22%
2009 5.16% 3.46%
2008 8.4% 22.6%
2007 2.28% 15.8%
2006 3.3% 10%
2005 2.17% 11.6%
2004 2.74% 7.58%
2003 7.93% 6.31%
2002 12.5% 9.55%
2001 37.7% 14.2%
2000 96.1% 6.18%
1999 52.2% 4.69%
1998 36.1% 9.36%
1997 30.7% 9.57%

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

GeoRank.org/economy/ecuador/sri-lanka | CC BY

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 9.34% in Sri Lanka. In 2024, inflation was 1.55% in Ecuador and -0.43% in Sri Lanka.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $8.04M
Processed food, beverages & tobacco $475K
Raw materials & minerals $84K
Textiles & consumer goods $20K
Sri Lanka
Export category Export value
Raw agricultural goods $9.63M
Textiles & consumer goods $1.02M
Raw materials & minerals $1M
Chemicals & pharma $716K
Processed food, beverages & tobacco $352K
Machinery & equipment $142K
Precious metals & jewellery $1K

Balance of trade

Ecuador Sri Lanka
Current account balance
$7.06B
2024
$1.21B
2024
Current account balance ranking
27/190
2024
53/190
2024
Current account balance, % of GDP
+5.66%
2024
+1.22%
2024
Goods imports
$27.9B
2024
$18.8B
2024
Goods exports
$34.7B
2024
$12.8B
2024
Service imports
$6.18B
2024
$3.48B
2024
Service exports
$3.86B
2024
$6.91B
2024
Imports of goods and services, % of GDP
26.9%
2024
22.5%
2024
Exports of goods and services, % of GDP
30.3%
2024
19.9%
2024

Economic freedom indices

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

Ecuador Sri Lanka
Economic freedom 55.6 50.3
Economic freedom ranking 127/197 162/197
Property rights 33.2 47.3
Government integrity 33 37.3
Judicial effectiveness 48.1 47.2
Tax burden 74.2 77
Government spending 54.9 89
Fiscal health 90.3 0
Business freedom 64.3 60.1
Labor freedom 56.9 54.3
Monetary freedom 76.3 65.9
Trade freedom 66.4 65.6
Investment freedom 30 30
Financial freedom 40 30

Economic freedom comparison by year

Ecuador
Sri Lanka
1x
Year Economic freedom index
Ecuador Sri Lanka
2026 55.6 50.3
2025 55.8 49.4
2024 55 49.2
2023 55 52.2
2022 54.3 53.3
2021 52.4 55.7
2020 51.3 57.4
2019 46.9 56.4
2018 48.5 57.8
2017 49.3 57.4
2016 48.6 59.9
2015 49.2 58.6
2014 48 60
2013 46.9 60.7
2012 48.3 58.3
2011 47.1 57.1
2010 49.3 54.6
2009 52.5 56
2008 55.2 58.4
2007 55.3 59.4
2006 54.6 58.7
2005 52.9 61
2004 54.4 61.6
2003 54.1 62.5
2002 53.1 64
2001 55.1 66
2000 59.8 63.2
1999 62.9 64
1998 62.8 64.6
1997 61 65.5
1996 60.1 62.5
1995 57.7 60.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ecuador/sri-lanka | CC BY

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Sri Lanka
Services, % of GDP
57.2%
2024
57.5%
2024
Industry, % of GDP
26.5%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
8.3%
2024
GNI, Atlas method
$117B
2024
$84.6B
2024
GNI per capita, PPP
$15,410
2024
$15,240
2024
Total reserves including gold
$6.91B
2024
$6.09B
2024
Total reserves ranking
87/177
2024
92/177
2024
Net foreign direct investment
-$438M
2024
-$651M
2024
Net inflows of foreign direct investment
$443M
2024
$761M
2024
Net outflows of foreign direct investment
$0
2024
$110M
2024
Servicing debt to the IMF, % of GNI
7%
2024
4.98%
2024
Poverty at national poverty lines
28%
2024
14.3%
2019
Gross capital formation, % of GDP
18.5%
2024
27%
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/sri-lanka | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  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.