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Economy of Ecuador vs Tanzania compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $78.8B for Tanzania, ranking 62/197 and 82/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Ecuador vs Tanzania GDP by year

Ecuador
Tanzania
1x
Year GDP, current $
Ecuador Tanzania
2024 $124,676,074,700 $78,844,405,385
2023 $121,147,057,000 $79,030,935,627
2022 $116,133,121,000 $75,749,121,843
2021 $107,179,074,000 $70,655,628,148
2020 $95,865,473,000 $66,068,737,786
2019 $107,595,830,000 $61,026,731,926
2018 $107,478,961,000 $57,003,712,892
2017 $104,467,486,000 $53,274,884,533
2016 $97,671,433,000 $49,774,409,374
2015 $97,209,558,000 $47,413,919,817
2014 $102,717,794,000 $49,986,726,461
2013 $96,570,334,000 $45,648,857,242
2012 $87,735,048,000 $39,650,394,363
2011 $78,986,648,000 $34,657,140,096
2010 $68,151,329,000 $32,012,892,919
2009 $60,094,978,000 $29,400,573,554
2008 $61,139,438,000 $27,947,821,398
2007 $49,848,725,000 $21,860,434,823
2006 $45,690,762,000 $18,619,859,795
2005 $40,278,849,000 $18,395,383,647
2004 $35,194,947,000 $16,673,062,473
2003 $30,965,208,000 $15,211,487,709
2002 $27,054,197,000 $14,129,651,896
2001 $23,127,055,000 $13,563,990,022
2000 $17,539,454,727 $13,371,767,082
1999 $19,645,272,636 $12,704,334,196
1998 $27,981,896,948 $12,172,790,056
1997 $28,162,053,027 $11,158,197,942
1996 $25,226,393,197 $9,433,528,150
1995 $24,432,884,442 $7,631,431,840
1994 $22,708,673,337 $6,550,480,484
1993 $18,938,717,359 $6,182,872,708
1992 $18,094,238,119 $6,681,997,469
1991 $16,988,535,268 $7,197,768,159
1990 $15,239,272,612 $6,184,384,225
1989 $13,890,823,705 $6,418,799,007
1988 $13,051,881,851 $7,406,614,407
1987 $13,945,426,859 $7,824,193,222
1986 $15,314,138,472 $10,840,864,521
1985 $17,149,088,413 $15,328,295,175
1984 $16,912,509,092 $12,906,635,133
1983 $17,152,477,037 $14,049,883,809
1982 $19,929,846,396 $13,927,383,240
1981 $21,810,759,354 $13,161,540,378
1980 $17,881,508,242 $11,409,228,087
1979 $14,175,160,902 $9,804,637,491
1978 $11,922,497,876 $9,261,675,710
1977 $11,026,342,618 $7,732,598,995
1976 $9,091,921,030 $6,472,511,988
1975 $7,731,674,472 $5,729,917,840
1974 $6,599,257,044 $4,977,337,978
1973 $3,891,754,150 $4,144,104,535
1972 $3,185,986,087 $3,472,787,266
1971 $2,754,219,271 $3,050,673,517
1970 $2,862,503,139 $2,851,419,386
1969 $3,112,165,727 $5,142,066,811
1968 $2,582,179,864 $4,895,251,824
1967 $2,553,595,172 $4,565,132,048
1966 $2,429,308,639 $4,377,998,825
1965 $2,387,047,396 $3,817,226,546
1964 $2,244,146,103 $3,748,840,925
1963 $1,824,343,871 $3,456,579,293
1962 $1,518,207,703 $3,101,589,993
1961 $1,753,850,955 $2,826,179,031
1960 $2,069,464,937 $2,651,729,807

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

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

GDP per capita in Ecuador vs Tanzania by year

Ecuador
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $1,150 $4,221
2023 $6,738 $15,919 $1,186 $4,019
2022 $6,516 $15,198 $1,171 $3,800
2021 $6,061 $13,507 $1,125 $3,493
2020 $5,464 $11,527 $1,084 $3,291
2019 $6,205 $12,543 $1,031 $2,982
2018 $6,304 $12,187 $992 $2,728
2017 $6,233 $11,793 $957 $2,472
2016 $5,918 $10,881 $925 $2,435
2015 $5,976 $10,878 $911 $2,317
2014 $6,406 $11,836 $993 $2,221
2013 $6,109 $11,296 $935 $2,176
2012 $5,634 $10,245 $837 $2,083
2011 $5,154 $9,769 $753 $2,211
2010 $4,520 $8,969 $715 $2,069
2009 $4,053 $8,662 $674 $1,972
2008 $4,195 $8,663 $657 $1,908
2007 $3,479 $8,112 $528 $1,820
2006 $3,244 $7,885 $462 $1,707
2005 $2,909 $7,457 $469 $1,598
2004 $2,586 $6,980 $438 $1,482
2003 $2,316 $6,475 $410 $1,379
2002 $2,059 $6,282 $391 $1,302
2001 $1,791 $5,999 $385 $1,229
2000 $1,382 $5,728 $390 $1,164
1999 $1,575 $5,638 $382 $1,120
1998 $2,284 $5,940 $375 $1,082
1997 $2,341 $5,793 $353 $1,059
1996 $2,136 $5,560 $305 $1,026
1995 $2,108 $5,469 $251.2 $981
1994 $1,997 $5,339 $222.5 $958
1993 $1,698 $5,112 $218.2 $959
1992 $1,655 $4,998 $243.4 $955
1991 $1,587 $4,887 $268.8 $952
1990 $1,455 $4,632 $236.9 $925
1989 $1,356 - $252.3 -
1988 $1,304 - $299 -
1987 $1,426 - $326 -
1986 $1,604 - $466 -
1985 $1,842 - $681 -
1984 $1,864 - $593 -
1983 $1,940 - $667 -
1982 $2,314 - $683 -
1981 $2,601 - $665 -
1980 $2,190 - $595 -
1979 $1,783 - $527 -
1978 $1,541 - $515 -
1977 $1,465 - $446 -
1976 $1,242 - $387 -
1975 $1,086 - $355 -
1974 $954 - $320 -
1973 $579 - $276.1 -
1972 $488 - $239.8 -
1971 $434 - $218.4 -
1970 $465 - $211.3 -
1969 $521 - $394 -
1968 $445 - $388 -
1967 $454 - $374 -
1966 $445 - $370 -
1965 $450 - $333 -
1964 $436 - $337 -
1963 $365 - $320 -
1962 $312 - $295.7 -
1961 $371 - $277.4 -
1960 $451 - $267.8 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Tanzania ranks 165th at $4,221.

Economic indicators

Ecuador Tanzania
Gross domestic product
$125B
2024
$78.8B
2024
GDP rank
62/197
2024
82/197
2024
GDP growth
-2%
2023-2024
5.53%
2023-2024
GDP per capita
$6,875
2024
$1,150
2024
GDP per capita rank
103/197
2024
170/197
2024
GDP per capita, PPP
$15,840
2024
$4,221
2024
GDP per capita PPP rank
110/197
2024
165/197
2024
Government debt
$67B
2024
$39.3B
2024
Debt-to-GDP ratio
53.8%
2024
49.9%
2024
Government debt per person
$3,695
2024
$573
2024
Government debt per person rank
93/185
2024
160/185
2024
Average annual personal income after taxes
$5,894
2026
$2,309
2026
Market capitalization of domestic companies
$747M
2000
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
33.4%
2024
33.1%
2018
Income share by poorest 10%
1.5%
2024
2.9%
2018
Government expenditure, % of GDP
38.1%
2024
19.1%
2024
Consumer prices inflation
1.55%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
3.39%
2024
2.43%
2024
Population
18487749
73145892

Spending and national debt comparison by year

Ecuador
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Ecuador Tanzania
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 19.1% 49.9%
2023 39.5% 54.3% 19% 47.8%
2022 38.9% 57.2% 19.1% 44.9%
2021 37.5% 61.8% 18.4% 43.4%
2020 40.2% 63.6% 17.4% 41.3%
2019 39.8% 52.1% 17.3% 40.4%
2018 40.9% 49.5% 17.3% 42%
2017 40.5% 47.4% 16.4% 40.1%
2016 44.1% 46.1% 16.9% 39.8%
2015 44.1% 36.4% 17.2% 39.5%
2014 45.9% 28.2% 17.3% 36.4%
2013 46.7% 23.4% 18.8% 32.7%
2012 43.2% 19.3% 19.6% 30%
2011 39.6% 18.6% 19% 28.4%
2010 35.4% 18.4% 19.8% 27.6%
2009 34.3% 19.7% 19.6% 23.9%
2008 35.6% 24.9% 18.1% 21.6%
2007 24.7% 29.6% 17.8% 23.8%
2006 21.7% 33.1% 17.6% 17.4%
2005 22% 35.8% 18.3% 25.4%
2004 21.3% 40.2% 17% 44.5%
2003 21.3% 47.2% 15.4% 44.4%
2002 22.8% 55% 13.6% 47.4%
2001 21.4% 63.8% 12.4% 50.8%
2000 24.3% 92.2% 12.3% 55.4%
1999 24.1% 105.2% 12.8% 62.9%
1998 21.5% 70.3% 11.4% 62.2%
1997 22% 61.5% 12.8% 73.4%
1996 22.7% 69.3% 13.4% 89.6%
1995 22% 70.5% 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 49.9% in Tanzania, ranking 98/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Tanzania
1x
Year Deficit/surplus, % of GDP
Ecuador Tanzania
2024 -1.28% -3.03%
2023 -3.48% -3.67%
2022 0.04% -3.92%
2021 -1.59% -3.55%
2020 -7.38% -2.56%
2019 -3.47% -2.06%
2018 -2.8% -2.01%
2017 -5.77% -1.14%
2016 -10.3% -2.08%
2015 -6.87% -3.17%
2014 -8.11% -2.91%
2013 -8.17% -3.76%
2012 -2.83% -4%
2011 -0.13% -3.51%
2010 -1.39% -4.74%
2009 -3.71% -4.46%
2008 0.57% -1.92%
2007 2.66% -1.44%
2006 2.92% -3.38%
2005 0.66% -3.28%
2004 1.94% -2.43%
2003 1.05% -1.77%
2002 0.74% -0.73%
2001 0.03% -0.41%
2000 -0.32% -0.73%
1999 -4.82% -1.14%
1998 -5.1% 0.13%
1997 -2.83% -0.03%
1996 -3.44% 1.57%
1995 -2.02% -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Tanzania ran a deficit in 28 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 2.27% of GDP for Tanzania.

Inflation comparison by year

Inflation
Ecuador

Tanzania
1x
Year Consumer prices inflation
Ecuador Tanzania
2024 1.55% 3.06%
2023 2.22% 3.8%
2022 3.47% 4.35%
2021 0.13% 3.69%
2020 -0.34% 3.29%
2019 0.27% 3.46%
2018 -0.22% 3.49%
2017 0.42% 5.32%
2016 1.73% 5.17%
2015 3.97% 5.59%
2014 3.59% 6.13%
2013 2.72% 7.87%
2012 5.1% 16%
2011 4.47% 12.7%
2010 3.55% 6.2%
2009 5.16% 12.1%
2008 8.4% 10.3%
2007 2.28% 7.03%
2006 3.3% 7.25%
2005 2.17% 5.03%
2004 2.74% 4.74%
2003 7.93% 5.3%
2002 12.5% 5.32%
2001 37.7% 5.15%
2000 96.1% 5.92%
1999 52.2% 7.89%
1998 36.1% 12.8%
1997 30.7% 16.1%

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

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 6.97% in Tanzania. In 2024, inflation was 1.55% in Ecuador and 3.06% in Tanzania.

Top exports between countries

Ecuador
Export category Export value
Processed food, beverages & tobacco $135K
Textiles & consumer goods $4K
Chemicals & pharma $3K
Wood & paper products $1K
Tanzania
Export category Export value
Machinery & equipment $3K
Wood & paper products $2K
Miscellaneous $1K

Balance of trade

Ecuador Tanzania
Current account balance
$7.06B
2024
-$2.38B
2024
Current account balance ranking
27/190
2024
147/190
2024
Current account balance, % of GDP
+5.66%
2024
-3.02%
2024
Goods imports
$27.9B
2024
$14.2B
2024
Goods exports
$34.7B
2024
$9.12B
2024
Service imports
$6.18B
2024
$2.8B
2024
Service exports
$3.86B
2024
$6.85B
2024
Imports of goods and services, % of GDP
26.9%
2024
21.7%
2024
Exports of goods and services, % of GDP
30.3%
2024
19.8%
2024

Economic freedom indices

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

Ecuador Tanzania
Economic freedom 55.6 59
Economic freedom ranking 127/197 106/197
Property rights 33.2 45.2
Government integrity 33 40.9
Judicial effectiveness 48.1 29.6
Tax burden 74.2 80.4
Government spending 54.9 89.1
Fiscal health 90.3 75
Business freedom 64.3 48.1
Labor freedom 56.9 62.3
Monetary freedom 76.3 73.4
Trade freedom 66.4 58.8
Investment freedom 30 55
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Tanzania
1x
Year Economic freedom index
Ecuador Tanzania
2026 55.6 59
2025 55.8 59.3
2024 55 59.1
2023 55 60
2022 54.3 59.5
2021 52.4 61.3
2020 51.3 61.7
2019 46.9 60.2
2018 48.5 59.9
2017 49.3 58.6
2016 48.6 58.5
2015 49.2 57.5
2014 48 57.8
2013 46.9 57.9
2012 48.3 57
2011 47.1 57
2010 49.3 58.3
2009 52.5 58.3
2008 55.2 56.5
2007 55.3 56.8
2006 54.6 58.5
2005 52.9 56.3
2004 54.4 60.1
2003 54.1 56.9
2002 53.1 58.3
2001 55.1 54.9
2000 59.8 56
1999 62.9 60
1998 62.8 59.6
1997 61 59.3
1996 60.1 57.5
1995 57.7 57.3

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Tanzania
Services, % of GDP
57.2%
2024
29.6%
2024
Industry, % of GDP
26.5%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
23.3%
2024
GNI, Atlas method
$117B
2024
$80.2B
2024
GNI per capita, PPP
$15,410
2024
$4,130
2024
Total reserves including gold
$6.91B
2024
$5.05B
2018
Total reserves ranking
87/177
2024
101/177
2018
Net foreign direct investment
-$438M
2024
-$1.72B
2024
Net inflows of foreign direct investment
$443M
2024
$1.72B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7%
2024
2.57%
2024
Poverty at national poverty lines
28%
2024
26.4%
2018
Gross capital formation, % of GDP
18.5%
2024
39.8%
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/tanzania | 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 (1991–2024, 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 (1991–2000, 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.