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Economy of Ecuador vs Thailand compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $577B for Thailand, ranking 64/197 and 30/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Ecuador vs Thailand GDP by year

Ecuador
Thailand
1x
Year GDP, current $
Ecuador Thailand
2025 $130,320,560,400 $577,009,981,112
2024 $123,802,374,000 $529,385,520,942
2023 $120,792,801,000 $517,013,369,475
2022 $116,133,121,000 $495,691,837,308
2021 $107,179,074,000 $506,049,783,825
2020 $95,865,473,000 $500,274,927,779
2019 $107,595,830,000 $543,976,691,794
2018 $107,478,961,000 $506,754,208,404
2017 $104,467,486,000 $456,356,813,537
2016 $97,671,433,000 $413,366,349,748
2015 $97,209,558,000 $401,296,238,228
2014 $102,717,794,000 $407,339,040,198
2013 $96,570,334,000 $420,333,654,593
2012 $87,735,048,000 $397,558,325,279
2011 $78,986,648,000 $370,818,739,624
2010 $68,151,329,000 $341,104,766,329
2009 $60,094,978,000 $281,710,630,187
2008 $61,139,438,000 $291,382,982,431
2007 $49,848,725,000 $262,942,621,455
2006 $45,690,762,000 $221,758,296,022
2005 $40,278,849,000 $189,318,408,469
2004 $35,194,947,000 $172,895,685,155
2003 $30,965,208,000 $152,280,615,246
2002 $27,054,197,000 $134,300,904,400
2001 $23,127,055,000 $120,296,476,180
2000 $17,539,454,727 $126,392,224,254
1999 $19,645,272,636 $126,669,211,779
1998 $27,981,896,948 $113,675,596,788
1997 $28,162,053,027 $150,180,456,566
1996 $25,226,393,197 $183,035,237,429
1995 $24,432,884,442 $169,278,916,593
1994 $22,708,673,337 $146,683,778,959
1993 $18,938,717,359 $128,889,262,951
1992 $18,094,238,119 $111,452,746,518
1991 $16,988,535,268 $98,234,714,971
1990 $15,239,272,612 $85,343,190,719
1989 $13,890,823,705 $72,250,748,100
1988 $13,051,881,851 $61,667,253,471
1987 $13,945,426,859 $50,535,446,555
1986 $15,314,138,472 $43,096,773,981
1985 $17,149,088,413 $38,900,711,333
1984 $16,912,509,092 $41,797,647,776
1983 $17,152,477,037 $40,042,798,388
1982 $19,929,846,396 $36,589,772,404
1981 $21,810,759,354 $34,846,039,194
1980 $17,881,508,242 $32,353,514,989
1979 $14,175,160,902 $27,371,650,825
1978 $11,922,497,876 $24,006,566,637
1977 $11,026,342,618 $19,779,312,261
1976 $9,091,921,030 $16,985,208,648
1975 $7,731,674,472 $14,882,770,594
1974 $6,599,257,044 $13,702,998,512
1973 $3,891,754,150 $10,838,587,358
1972 $3,185,986,087 $8,177,873,151
1971 $2,754,219,271 $7,375,000,024
1970 $2,862,503,139 $7,086,538,438
1969 $3,112,165,727 $6,695,336,567
1968 $2,582,179,864 $6,081,009,428
1967 $2,553,595,172 $5,638,461,442
1966 $2,429,308,639 $5,279,230,817
1965 $2,387,047,396 $4,388,937,649
1964 $2,244,146,103 $3,889,129,942
1963 $1,824,343,871 $3,540,403,457
1962 $1,518,207,703 $3,308,912,797
1961 $1,753,850,955 $3,034,037,811
1960 $2,069,464,937 $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ecuador vs Thailand by year

Ecuador
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $8,057 -
2024 $6,827 $15,840 $7,387 $24,712
2023 $6,718 $15,919 $7,211 $23,519
2022 $6,516 $15,198 $6,910 $22,243
2021 $6,061 $13,507 $7,055 $20,243
2020 $5,464 $11,527 $6,983 $19,164
2019 $6,205 $12,543 $7,606 $19,963
2018 $6,304 $12,187 $7,100 $18,876
2017 $6,233 $11,793 $6,413 $17,573
2016 $5,918 $10,881 $5,834 $16,671
2015 $5,976 $10,878 $5,689 $15,791
2014 $6,406 $11,836 $5,801 $15,365
2013 $6,109 $11,296 $6,018 $15,216
2012 $5,634 $10,245 $5,726 $14,617
2011 $5,154 $9,769 $5,374 $13,227
2010 $4,520 $8,969 $4,974 $12,932
2009 $4,053 $8,662 $4,135 $11,964
2008 $4,195 $8,663 $4,309 $12,062
2007 $3,479 $8,112 $3,919 $11,723
2006 $3,244 $7,885 $3,331 $10,912
2005 $2,909 $7,457 $2,868 $10,169
2004 $2,586 $6,980 $2,642 $9,545
2003 $2,316 $6,475 $2,348 $8,824
2002 $2,059 $6,282 $2,090 $8,148
2001 $1,791 $5,999 $1,890 $7,632
2000 $1,382 $5,728 $2,006 $7,289
1999 $1,575 $5,638 $2,033 $6,901
1998 $2,284 $5,940 $1,848 $6,590
1997 $2,341 $5,793 $2,473 $7,148
1996 $2,136 $5,560 $3,055 $7,322
1995 $2,108 $5,469 $2,864 $6,901
1994 $1,997 $5,339 $2,518 $6,341
1993 $1,698 $5,112 $2,245 $5,834
1992 $1,655 $4,998 $1,972 $5,347
1991 $1,587 $4,887 $1,766 $4,914
1990 $1,455 $4,632 $1,559 $4,451
1989 $1,356 - $1,342 -
1988 $1,304 - $1,164 -
1987 $1,426 - $970 -
1986 $1,604 - $842 -
1985 $1,842 - $774 -
1984 $1,864 - $847 -
1983 $1,940 - $827 -
1982 $2,314 - $770 -
1981 $2,601 - $748 -
1980 $2,190 - $709 -
1979 $1,783 - $612 -
1978 $1,541 - $548 -
1977 $1,465 - $462 -
1976 $1,242 - $405 -
1975 $1,086 - $364 -
1974 $954 - $343 -
1973 $579 - $278.3 -
1972 $488 - $215.6 -
1971 $434 - $199.7 -
1970 $465 - $197.1 -
1969 $521 - $191.4 -
1968 $445 - $178.8 -
1967 $454 - $170.7 -
1966 $445 - $164.5 -
1965 $450 - $140.9 -
1964 $436 - $128.6 -
1963 $365 - $120.7 -
1962 $312 - $116.2 -
1961 $371 - $109.7 -
1960 $451 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Thailand ranks 85th at $24,712.

Economic indicators

Ecuador Thailand
Gross domestic product
$130B
2025
$577B
2025
GDP rank
64/197
2025
30/197
2025
GDP growth
3.73%
2024-2025
2.44%
2024-2025
GDP per capita
$7,125
2025
$8,057
2025
GDP per capita rank
102/197
2025
97/197
2025
GDP per capita, PPP
$15,840
2024
$24,712
2024
GDP per capita PPP rank
110/197
2024
85/197
2024
Government debt
$70.9B
2025
$373B
2025
Debt-to-GDP ratio
54.4%
2025
64.7%
2025
Government debt per person
$3,877
2025
$5,211
2025
Government debt per person rank
94/185
2025
83/185
2025
Average annual personal income after taxes
$6,605
2026
$7,438
2026
Market capitalization of domestic companies
$747M
2000
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2026
Income share by richest 10%
35.1%
2025
26%
2024
Income share by poorest 10%
1.7%
2025
3.4%
2024
Government expenditure, % of GDP
38.4%
2025
23%
2025
Consumer prices inflation
0.71%
2024-2025
-0.13%
2024-2025
Central bank interest rate n/a
1.5%
2025
Unemployment rate
3.23%
2025
0.6%
2025
Population
18524711
71565981

Spending and national debt comparison by year

Ecuador
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Ecuador Thailand
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 23% 64.7%
2024 38.3% 54.1% 22.6% 62.9%
2023 39.6% 54.5% 22.7% 62.2%
2022 38.9% 57.2% 24.7% 60.5%
2021 37.5% 61.8% 26.8% 58.4%
2020 40.2% 63.6% 24.9% 49.4%
2019 39.8% 52.1% 20.6% 41.1%
2018 40.9% 49.5% 21.2% 41.9%
2017 40.5% 47.4% 21.6% 41.8%
2016 44.1% 46.1% 21.4% 41.7%
2015 44.1% 36.4% 22.3% 42.6%
2014 45.9% 28.2% 22.2% 43.3%
2013 46.7% 23.4% 21.6% 42.2%
2012 43.2% 19.3% 22.3% 41.9%
2011 39.6% 18.6% 21.1% 39.1%
2010 35.4% 18.4% 22% 39.8%
2009 34.3% 19.7% 21.7% 42.4%
2008 35.6% 24.9% 19.2% 34.9%
2007 24.7% 29.6% 20% 36%
2006 21.7% 33.1% 18.7% 39.2%
2005 22% 35.8% 19.6% 45.5%
2004 21.3% 40.2% 19.3% 46.3%
2003 21.3% 47.2% 18.3% 47.5%
2002 22.8% 55% 25.7% 54.9%
2001 21.4% 63.8% 20.8% 57.5%
2000 24.3% 92.2% 19.3% 57.8%
1999 24.1% 105.2% 26.5% 56.6%
1998 21.5% 70.3% 23.9% 49.9%
1997 22% 61.5% 21.6% 40.5%
1996 22.7% 69.3% 18% 15.2%
1995 22% 70.5% 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 64.7% in Thailand, ranking 92/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Thailand
1x
Year Deficit/surplus, % of GDP
Ecuador Thailand
2025 -2.88% -1.91%
2024 -1.28% -1.29%
2023 -3.49% -1.91%
2022 0.04% -4.61%
2021 -1.59% -6.72%
2020 -7.38% -4.47%
2019 -3.47% 0.43%
2018 -2.8% 0.2%
2017 -5.77% -0.51%
2016 -10.3% 0.41%
2015 -6.87% 0.19%
2014 -8.11% -0.7%
2013 -8.17% 0.6%
2012 -2.83% -0.86%
2011 -0.13% 0.09%
2010 -1.39% -1.07%
2009 -3.71% -2.21%
2008 0.57% 0.8%
2007 2.66% 0.22%
2006 2.92% 1.87%
2005 0.66% 2.17%
2004 1.94% 1.11%
2003 1.05% 1.98%
2002 0.74% -6.72%
2001 0.03% -1.77%
2000 -0.32% -1.79%
1999 -4.82% -9.02%
1998 -5.1% -6.29%
1997 -2.83% -1.68%
1996 -3.44% 2.75%
1995 -2.02% 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

GeoRank.org/economy/ecuador/thailand | 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 Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 31 years, Ecuador recorded a fiscal deficit in 22 of those years, while Thailand ran a deficit in 17 years. On average, Ecuador posted an annual deficit equal to 2.52% of GDP, compared to deficit of 1.21% of GDP for Thailand.

Inflation comparison by year

Inflation
Ecuador

Thailand
1x
Year Consumer prices inflation
Ecuador Thailand
2025 0.71% -0.13%
2024 1.55% 0.4%
2023 2.22% 1.23%
2022 3.47% 6.08%
2021 0.13% 1.23%
2020 -0.34% -0.85%
2019 0.27% 0.71%
2018 -0.22% 1.07%
2017 0.42% 0.66%
2016 1.73% 0.19%
2015 3.97% -0.9%
2014 3.59% 1.89%
2013 2.72% 2.19%
2012 5.1% 3.01%
2011 4.47% 3.81%
2010 3.55% 3.25%
2009 5.16% -0.85%
2008 8.4% 5.47%
2007 2.28% 2.24%
2006 3.3% 4.64%
2005 2.17% 4.54%
2004 2.74% 2.76%
2003 7.93% 1.8%
2002 12.5% 0.7%
2001 37.7% 1.63%
2000 96.1% 1.59%
1999 52.2% 0.28%
1998 36.1% 7.99%
1997 30.7% 5.63%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 2.15% in Thailand. In 2025, inflation was 0.71% in Ecuador and -0.13% in Thailand.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $60.1M
Metals $6.12M
Textiles & consumer goods $1.07M
Raw materials & minerals $750K
Raw agricultural goods $549K
Processed food, beverages & tobacco $182K
Machinery & equipment $97K
Wood & paper products $65K
Chemicals & pharma $2K
Miscellaneous $1K
Thailand
Export category Export value
Machinery & equipment $118M
Raw materials & minerals $24.8M
Textiles & consumer goods $16.4M
Raw agricultural goods $11.8M
Chemicals & pharma $9.16M
Processed food, beverages & tobacco $5.12M
Metals $1.21M
Animal & marine products $967K
Wood & paper products $330K
Precious metals & jewellery $121K

Balance of trade

Ecuador Thailand
Current account balance
$7.7B
2025
$15.9B
2025
Current account balance ranking
28/190
2025
20/190
2025
Current account balance, % of GDP
+5.91%
2025
+2.76%
2025
Goods imports
$31.1B
2025
$312B
2025
Goods exports
$37.4B
2025
$335B
2025
Service imports
$6.22B
2025
$77.2B
2025
Service exports
$4.14B
2025
$76.2B
2025
Imports of goods and services, % of GDP
27.9%
2025
67.3%
2025
Exports of goods and services, % of GDP
31.4%
2025
71.1%
2025

Economic freedom indices

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

Ecuador Thailand
Economic freedom 55.6 62.2
Economic freedom ranking 127/197 88/197
Property rights 33.2 41.8
Government integrity 33 38.9
Judicial effectiveness 48.1 35
Tax burden 74.2 80.8
Government spending 54.9 83.6
Fiscal health 90.3 81
Business freedom 64.3 69.9
Labor freedom 56.9 56.4
Monetary freedom 76.3 73.3
Trade freedom 66.4 70.2
Investment freedom 30 55
Financial freedom 40 60

Economic freedom comparison by year

Ecuador
Thailand
1x
Year Economic freedom index
Ecuador Thailand
2026 55.6 62.2
2025 55.8 60.6
2024 55 59
2023 55 60.6
2022 54.3 63.2
2021 52.4 69.7
2020 51.3 69.4
2019 46.9 68.3
2018 48.5 67.1
2017 49.3 66.2
2016 48.6 63.9
2015 49.2 62.4
2014 48 63.3
2013 46.9 64.1
2012 48.3 64.9
2011 47.1 64.7
2010 49.3 64.1
2009 52.5 63
2008 55.2 62.3
2007 55.3 63.5
2006 54.6 63.3
2005 52.9 62.5
2004 54.4 63.7
2003 54.1 65.8
2002 53.1 69.1
2001 55.1 68.9
2000 59.8 66.6
1999 62.9 66.9
1998 62.8 67.3
1997 61 66.1
1996 60.1 71
1995 57.7 71.3

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Thailand
Services, % of GDP
57%
2025
60.2%
2025
Industry, % of GDP
25.7%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
8.75%
2025
GNI, Atlas method
$126B
2025
$551B
2025
GNI per capita, PPP
$16,290
2025
$25,570
2025
Total reserves including gold
$9.8B
2025
$282B
2025
Total reserves ranking
79/177
2025
15/177
2025
Net foreign direct investment
-$1.3B
2025
-$9.51B
2025
Net inflows of foreign direct investment
$446M
2024
$14.3B
2024
Net outflows of foreign direct investment
$0
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
3.51%
2024
Poverty at national poverty lines
21.4%
2025
5.4%
2022
Gross capital formation, % of GDP
20.9%
2025
22.1%
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/thailand | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1948–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, 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.