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Economy of Ecuador vs Tonga compared: GDP & Debt

Updated on by Georank

Ecuador has a GDP of $130B compared to $679M for Tonga, ranking 64/197 and 191/197 by economy size, respectively.

Ecuador has $70.9B in government debt (54.4% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Ecuador vs Tonga GDP by year

Ecuador
Tonga
1x
Year GDP, current $
Ecuador Tonga
2025 $130,320,560,400 $679,218,219
2024 $123,802,374,000 $647,488,244
2023 $120,792,801,000 $591,139,734
2022 $116,133,121,000 $556,514,556
2021 $107,179,074,000 $519,306,339
2020 $95,865,473,000 $506,571,487
2019 $107,595,830,000 $506,031,248
2018 $107,478,961,000 $493,530,767
2017 $104,467,486,000 $459,976,847
2016 $97,671,433,000 $420,828,255
2015 $97,209,558,000 $437,525,539
2014 $102,717,794,000 $440,997,735
2013 $96,570,334,000 $451,788,498
2012 $87,735,048,000 $471,122,971
2011 $78,986,648,000 $414,143,828
2010 $68,151,329,000 $366,887,375
2009 $60,094,978,000 $312,415,028
2008 $61,139,438,000 $344,438,844
2007 $49,848,725,000 $298,519,623
2006 $45,690,762,000 $292,232,703
2005 $40,278,849,000 $261,823,805
2004 $35,194,947,000 $230,678,011
2003 $30,965,208,000 $202,246,591
2002 $27,054,197,000 $182,764,281
2001 $23,127,055,000 $181,117,230
2000 $17,539,454,727 $204,848,488
1999 $19,645,272,636 $199,208,718
1998 $27,981,896,948 $191,504,893
1997 $28,162,053,027 $214,991,452
1996 $25,226,393,197 $222,100,576
1995 $24,432,884,442 $208,871,666
1994 $22,708,673,337 $195,990,986
1993 $18,938,717,359 $138,489,884
1992 $18,094,238,119 $137,066,291
1991 $16,988,535,268 $132,201,141
1990 $15,239,272,612 $113,563,822
1989 $13,890,823,705 $106,344,855
1988 $13,051,881,851 $106,657,267
1987 $13,945,426,859 $81,667,133
1986 $15,314,138,472 $68,195,856
1985 $17,149,088,413 $60,058,663
1984 $16,912,509,092 $64,248,355
1983 $17,152,477,037 $60,863,964
1982 $19,929,846,396 $62,068,161
1981 $21,810,759,354 $62,242,013
1980 $17,881,508,242 $53,260,077
1979 $14,175,160,902 $44,667,002
1978 $11,922,497,876 $41,567,472
1977 $11,026,342,618 $34,139,388
1976 $9,091,921,030 $30,036,417
1975 $7,731,674,472 $32,506,742
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/tonga | CC BY

GDP per capita in Ecuador vs Tonga by year

Ecuador
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,125 - $6,547 -
2024 $6,827 $15,840 $6,215 -
2023 $6,718 $15,919 $5,652 $7,803
2022 $6,516 $15,198 $5,298 $7,296
2021 $6,061 $13,507 $4,923 $6,929
2020 $5,464 $11,527 $4,792 $6,676
2019 $6,205 $12,543 $4,789 $6,473
2018 $6,304 $12,187 $4,675 $6,393
2017 $6,233 $11,793 $4,366 $6,229
2016 $5,918 $10,881 $3,988 $5,920
2015 $5,976 $10,878 $4,124 $5,472
2014 $6,406 $11,836 $4,137 $5,336
2013 $6,109 $11,296 $4,219 $5,120
2012 $5,634 $10,245 $4,384 $4,996
2011 $5,154 $9,769 $3,850 $4,855
2010 $4,520 $8,969 $3,416 $4,465
2009 $4,053 $8,662 $2,914 $4,384
2008 $4,195 $8,663 $3,218 $4,600
2007 $3,479 $8,112 $2,797 $4,316
2006 $3,244 $7,885 $2,750 $4,327
2005 $2,909 $7,457 $2,478 $4,315
2004 $2,586 $6,980 $2,195 $4,235
2003 $2,316 $6,475 $1,936 $4,231
2002 $2,059 $6,282 $1,759 $4,171
2001 $1,791 $5,999 $1,754 $3,955
2000 $1,382 $5,728 $1,995 $3,834
1999 $1,575 $5,638 $1,952 $3,636
1998 $2,284 $5,940 $1,889 $3,527
1997 $2,341 $5,793 $2,136 $3,434
1996 $2,136 $5,560 $2,215 $3,410
1995 $2,108 $5,469 $2,084 $3,347
1994 $1,997 $5,339 $1,957 $3,088
1993 $1,698 $5,112 $1,383 $2,882
1992 $1,655 $4,998 $1,370 $2,716
1991 $1,587 $4,887 $1,323 $2,652
1990 $1,455 $4,632 $1,139 $2,416
1989 $1,356 - $1,070 -
1988 $1,304 - $1,078 -
1987 $1,426 - $830 -
1986 $1,604 - $696 -
1985 $1,842 - $613 -
1984 $1,864 - $656 -
1983 $1,940 - $621 -
1982 $2,314 - $633 -
1981 $2,601 - $636 -
1980 $2,190 - $545 -
1979 $1,783 - $458 -
1978 $1,541 - $428 -
1977 $1,465 - $353 -
1976 $1,242 - $315 -
1975 $1,086 - $349 -
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/tonga | CC BY

Ecuador's GDP per capita is $7,125, ranking 102/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Tonga ranks 144th at $7,803.

Economic indicators

Ecuador Tonga
Gross domestic product
$130B
2025
$679M
2025
GDP rank
64/197
2025
191/197
2025
GDP growth
3.73%
2024-2025
2.8%
2024-2025
GDP per capita
$7,125
2025
$6,547
2025
GDP per capita rank
102/197
2025
110/197
2025
GDP per capita, PPP
$15,840
2024
$7,803
2023
GDP per capita PPP rank
110/197
2024
144/197
2023
Government debt
$70.9B
2025
$186M
2025
Debt-to-GDP ratio
54.4%
2025
27.4%
2025
Government debt per person
$3,877
2025
$1,793
2025
Government debt per person rank
94/185
2025
123/185
2025
Average annual personal income after taxes
$6,605
2026
$4,104
2026
Market capitalization of domestic companies
$747M
2000
n/a
Income share by richest 10%
35.1%
2025
22%
2021
Income share by poorest 10%
1.7%
2025
4%
2021
Government expenditure, % of GDP
38.4%
2025
46.8%
2025
Consumer prices inflation
0.71%
2024-2025
5.59%
2024-2025
Unemployment rate
3.23%
2025
1.65%
2023
Population
18524711
103283

Spending and national debt comparison by year

Ecuador
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Ecuador Tonga
Government spending Government debt Government spending Government debt
2025 38.4% 54.4% 46.8% 27.4%
2024 38.3% 54.1% 44.3% 31.9%
2023 39.6% 54.5% 41.5% 37.2%
2022 38.9% 57.2% 41.3% 40.2%
2021 37.5% 61.8% 44.5% 43%
2020 40.2% 63.6% 37.1% 41.7%
2019 39.8% 52.1% 39% 41.8%
2018 40.9% 49.5% 39.3% 45.5%
2017 40.5% 47.4% 39.7% 44.7%
2016 44.1% 46.1% 37.2% 49.4%
2015 44.1% 36.4% 37.4% 51.1%
2014 45.9% 28.2% 31.5% 47.4%
2013 46.7% 23.4% 34.3% 48.9%
2012 43.2% 19.3% 32% 60%
2011 39.6% 18.6% 32.6% 51.9%
2010 35.4% 18.4% 28.4% 44.7%
2009 34.3% 19.7% 23.9% 39.7%
2008 35.6% 24.9% 24% 34%
2007 24.7% 29.6% 23.2% 37.8%
2006 21.7% 33.1% 25.6% 39.6%
2005 22% 35.8% 19.8% 43.3%
2004 21.3% 40.2% 19.3% 52.2%
2003 21.3% 47.2% 20% 56.2%
2002 22.8% 55% 21.3% 60.7%
2001 21.4% 63.8% 19.1% 53.4%
2000 24.3% 92.2% 20% 43.6%
1999 24.1% 105.2% 18.8% 38.4%
1998 21.5% 70.3% - -
1997 22% 61.5% - -
1996 22.7% 69.3% - -
1995 22% 70.5% - -

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/tonga | CC BY

In 2025, Ecuador's government spending was $50B, accounting for 38.4% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 54.4% in Ecuador and 27.4% in Tonga, ranking 92/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Tonga
1x
Year Deficit/surplus, % of GDP
Ecuador Tonga
2025 -2.88% 4.86%
2024 -1.28% 3.6%
2023 -3.49% 5.28%
2022 0.04% -0.09%
2021 -1.59% -0.87%
2020 -7.38% 5.15%
2019 -3.47% 3.2%
2018 -2.8% 2.9%
2017 -5.77% 3.58%
2016 -10.3% 1.47%
2015 -6.87% -2.75%
2014 -8.11% 6.38%
2013 -8.17% -1.3%
2012 -2.83% -1.74%
2011 -0.13% -6.02%
2010 -1.39% -1.22%
2009 -3.71% 6.85%
2008 0.57% 2.14%
2007 2.66% 5.39%
2006 2.92% 1.34%
2005 0.66% 4.23%
2004 1.94% 4.23%
2003 1.05% 2.37%
2002 0.74% 2.59%
2001 0.03% 2.23%
2000 -0.32% 1.35%
1999 -4.82% 1.55%
1998 -5.1% -
1997 -2.83% -
1996 -3.44% -
1995 -2.02% -

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

GeoRank.org/economy/ecuador/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Ecuador recorded a fiscal deficit in 18 of those years, while Tonga ran a deficit in 7 years. On average, Ecuador posted an annual deficit equal to 2.4% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Ecuador

Tonga
1x
Year Consumer prices inflation
Ecuador Tonga
2025 0.71% 5.59%
2024 1.55% 3.18%
2023 2.22% 6.35%
2022 3.47% 11%
2021 0.13% 5.64%
2020 -0.34% -0.35%
2019 0.27% 1.18%
2018 -0.22% 5.03%
2017 0.42% 7.52%
2016 1.73% 2.58%
2015 3.97% -1.05%
2014 3.59% 2.51%
2013 2.72% 0.78%
2012 5.1% 1.15%
2011 4.47% 6.27%
2010 3.55% 3.53%
2009 5.16% 1.43%
2008 8.4% 10.4%
2007 2.28% 5.84%
2006 3.3% 6.15%
2005 2.17% 8.67%
2004 2.74% 11%
2003 7.93% 11.6%
2002 12.5% 10.4%
2001 37.7% 8.29%
2000 96.1% 6.33%
1999 52.2% 4.46%
1998 36.1% 3.27%
1997 30.7% 2.12%

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

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

Over the past 29 years, Ecuador has recorded an average annual inflation rate of 11.4%, compared with 5.2% in Tonga. In 2025, inflation was 0.71% in Ecuador and 5.59% in Tonga.

Balance of trade

Ecuador Tonga
Current account balance
$7.7B
2025
-$43.5M
2024
Current account balance ranking
28/190
2025
76/190
2024
Current account balance, % of GDP
+5.91%
2025
-6.72%
2024
Goods imports
$31.1B
2025
$232M
2024
Goods exports
$37.4B
2025
$10.8M
2024
Service imports
$6.22B
2025
$161M
2024
Service exports
$4.14B
2025
$93.6M
2024
Imports of goods and services, % of GDP
27.9%
2025
60.7%
2024
Exports of goods and services, % of GDP
31.4%
2025
16.9%
2024

Economic freedom indices

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

Ecuador Tonga
Economic freedom 55.6 58.9
Economic freedom ranking 127/197 107/197
Property rights 33.2 71.1
Government integrity 33 45.1
Judicial effectiveness 48.1 64.9
Tax burden 74.2 85.6
Government spending 54.9 31
Fiscal health 90.3 97.3
Business freedom 64.3 59.2
Labor freedom 56.9 55.9
Monetary freedom 76.3 61
Trade freedom 66.4 75.4
Investment freedom 30 40
Financial freedom 40 20

Economic freedom comparison by year

Ecuador
Tonga
1x
Year Economic freedom index
Ecuador Tonga
2026 55.6 58.9
2025 55.8 58.5
2024 55 59.2
2023 55 60
2022 54.3 60.8
2021 52.4 57.5
2020 51.3 58.8
2019 46.9 57.7
2018 48.5 63.1
2017 49.3 63
2016 48.6 59.6
2015 49.2 59.3
2014 48 58.2
2013 46.9 56
2012 48.3 57
2011 47.1 55.8
2010 49.3 53.4
2009 52.5 54.1
2008 55.2 -
2007 55.3 -
2006 54.6 -
2005 52.9 -
2004 54.4 -
2003 54.1 -
2002 53.1 -
2001 55.1 -
2000 59.8 -
1999 62.9 -
1998 62.8 -
1997 61 -
1996 60.1 -
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Tonga
Services, % of GDP
57%
2025
49.5%
2024
Industry, % of GDP
25.7%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
9.7%
2025
18.6%
2024
GNI, Atlas method
$126B
2025
$709M
2025
GNI per capita, PPP
$16,290
2025
$9,240
2025
Total reserves including gold
$9.8B
2025
$413M
2025
Total reserves ranking
79/177
2025
162/177
2025
Net foreign direct investment
-$1.3B
2025
$13.3M
2024
Net inflows of foreign direct investment
$446M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$0
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
7.05%
2024
6.33%
2024
Poverty at national poverty lines
21.4%
2025
20.6%
2021
Gross capital formation, % of GDP
20.9%
2025
26.4%
2024

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/tonga | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.