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Economy of Ecuador vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $115B for Uzbekistan, ranking 62/197 and 66/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Ecuador vs Uzbekistan GDP by year

Ecuador
Uzbekistan
1x
Year GDP, current $
Ecuador Uzbekistan
2024 $124,676,074,700 $114,965,293,467
2023 $121,147,057,000 $102,641,879,249
2022 $116,133,121,000 $90,095,926,567
2021 $107,179,074,000 $77,340,060,003
2020 $95,865,473,000 $66,443,265,418
2019 $107,595,830,000 $67,293,639,798
2018 $107,478,961,000 $58,695,899,092
2017 $104,467,486,000 $69,703,222,283
2016 $97,671,433,000 $86,138,288,644
2015 $97,209,558,000 $86,196,264,755
2014 $102,717,794,000 $80,845,385,809
2013 $96,570,334,000 $73,180,037,915
2012 $87,735,048,000 $67,517,349,212
2011 $78,986,648,000 $60,178,909,297
2010 $68,151,329,000 $49,765,676,402
2009 $60,094,978,000 $33,689,223,673
2008 $61,139,438,000 $29,549,438,884
2007 $49,848,725,000 $22,311,393,928
2006 $45,690,762,000 $17,330,833,853
2005 $40,278,849,000 $14,307,509,839
2004 $35,194,947,000 $12,030,023,548
2003 $30,965,208,000 $10,134,453,435
2002 $27,054,197,000 $9,687,788,513
2001 $23,127,055,000 $11,401,421,329
2000 $17,539,454,727 $13,760,513,969
1999 $19,645,272,636 $17,078,465,982
1998 $27,981,896,948 $14,988,971,211
1997 $28,162,053,027 $14,744,603,774
1996 $25,226,393,197 $13,948,892,216
1995 $24,432,884,442 $13,350,461,265
1994 $22,708,673,337 $12,899,074,922
1993 $18,938,717,359 $13,099,920,056
1992 $18,094,238,119 $12,953,801,760
1991 $16,988,535,268 $13,800,167,712
1990 $15,239,272,612 $13,362,340,338
1989 $13,890,823,705 $11,948,815,258
1988 $13,051,881,851 $10,722,799,639
1987 $13,945,426,859 $8,523,160,593
1986 $15,314,138,472 -
1985 $17,149,088,413 -
1984 $16,912,509,092 -
1983 $17,152,477,037 -
1982 $19,929,846,396 -
1981 $21,810,759,354 -
1980 $17,881,508,242 -
1979 $14,175,160,902 -
1978 $11,922,497,876 -
1977 $11,026,342,618 -
1976 $9,091,921,030 -
1975 $7,731,674,472 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ecuador vs Uzbekistan by year

Ecuador
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $3,162 $11,879
2023 $6,738 $15,919 $2,879 $11,107
2022 $6,516 $15,198 $2,579 $10,293
2021 $6,061 $13,507 $2,259 $9,248
2020 $5,464 $11,527 $1,978 $8,452
2019 $6,205 $12,543 $2,041 $8,544
2018 $6,304 $12,187 $1,813 $8,129
2017 $6,233 $11,793 $2,191 $7,818
2016 $5,918 $10,881 $2,753 $6,919
2015 $5,976 $10,878 $2,803 $6,800
2014 $6,406 $11,836 $2,675 $6,610
2013 $6,109 $11,296 $2,462 $6,413
2012 $5,634 $10,245 $2,307 $6,168
2011 $5,154 $9,769 $2,088 $5,949
2010 $4,520 $8,969 $1,753 $5,505
2009 $4,053 $8,662 $1,206 $5,135
2008 $4,195 $8,663 $1,075 $4,800
2007 $3,479 $8,112 $824 $4,386
2006 $3,244 $7,885 $649 $3,956
2005 $2,909 $7,457 $543 $3,618
2004 $2,586 $6,980 $462 $3,321
2003 $2,316 $6,475 $394 $3,047
2002 $2,059 $6,282 $381 $2,902
2001 $1,791 $5,999 $454 $2,782
2000 $1,382 $5,728 $555 $2,644
1999 $1,575 $5,638 $698 $2,522
1998 $2,284 $5,940 $621 $2,418
1997 $2,341 $5,793 $621 $2,329
1996 $2,136 $5,560 $597 $2,214
1995 $2,108 $5,469 $583 $2,178
1994 $1,997 $5,339 $574 $2,197
1993 $1,698 $5,112 $596 $2,318
1992 $1,655 $4,998 $603 $2,371
1991 $1,587 $4,887 $658 $2,676
1990 $1,455 $4,632 $653 $2,665
1989 $1,356 - $598 -
1988 $1,304 - $551 -
1987 $1,426 - $450 -
1986 $1,604 - - -
1985 $1,842 - - -
1984 $1,864 - - -
1983 $1,940 - - -
1982 $2,314 - - -
1981 $2,601 - - -
1980 $2,190 - - -
1979 $1,783 - - -
1978 $1,541 - - -
1977 $1,465 - - -
1976 $1,242 - - -
1975 $1,086 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Ecuador Uzbekistan
Gross domestic product
$125B
2024
$115B
2024
GDP rank
62/197
2024
66/197
2024
GDP growth
-2%
2023-2024
6.5%
2023-2024
GDP per capita
$6,875
2024
$3,162
2024
GDP per capita rank
103/197
2024
139/197
2024
GDP per capita, PPP
$15,840
2024
$11,879
2024
GDP per capita PPP rank
110/197
2024
125/197
2024
Government debt
$67B
2024
$37.5B
2024
Debt-to-GDP ratio
53.8%
2024
32.7%
2024
Government debt per person
$3,695
2024
$1,032
2024
Government debt per person rank
93/185
2024
141/185
2024
Average annual personal income after taxes
$5,894
2026
$3,658
2026
Market capitalization of domestic companies
$747M
2000
$18.8B
2024
Income share by richest 10%
33.4%
2024
25.7%
2024
Income share by poorest 10%
1.5%
2024
2.3%
2024
Government expenditure, % of GDP
38.1%
2024
27.6%
2024
Consumer prices inflation
1.55%
2023-2024
9.6%
2023-2024
Central bank interest rate n/a
14%
2025
Unemployment rate
3.39%
2024
5.29%
2020
Population
18487749
37939105

Spending and national debt comparison by year

Ecuador
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Ecuador Uzbekistan
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 27.6% 32.7%
2023 39.5% 54.3% 29.9% 32.2%
2022 38.9% 57.2% 31.3% 30.5%
2021 37.5% 61.8% 27.4% 31.7%
2020 40.2% 63.6% 26% 33.7%
2019 39.8% 52.1% 24.4% 25.4%
2018 40.9% 49.5% 22.2% 17.5%
2017 40.5% 47.4% 19.9% 17.3%
2016 44.1% 46.1% 23.3% 8.19%
2015 44.1% 36.4% 24.6% 6.72%
2014 45.9% 28.2% 24.9% 6.09%
2013 46.7% 23.4% 25.2% 6.23%
2012 43.2% 19.3% 23.9% 6.76%
2011 39.6% 18.6% 23.7% 6.33%
2010 35.4% 18.4% 26.4% 6.61%
2009 34.3% 19.7% 27.5% 7.3%
2008 35.6% 24.9% 26.5% 8.33%
2007 24.7% 29.6% 24.8% 9.56%
2006 21.7% 33.1% 24.7% 13.5%
2005 22% 35.8% 28.1% 21%
2004 21.3% 40.2% 29.4% 26.9%
2003 21.3% 47.2% 31.5% 31.4%
2002 22.8% 55% 34.6% 41.6%
2001 21.4% 63.8% 30.6% 44.8%
2000 24.3% 92.2% 32.9% 29.5%
1999 24.1% 105.2% 33.6% 18.4%
1998 21.5% 70.3% 35.1% 18%
1997 22% 61.5% 31.8% 15.3%
1996 22.7% 69.3% 35.1% -
1995 22% 70.5% 29.4% -
1994 - - 27.1% -
1993 - - 39.6% -
1992 - - 18% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 32.7% in Uzbekistan, ranking 98/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Ecuador Uzbekistan
2024 -1.28% -2.37%
2023 -3.48% -4.03%
2022 0.04% -3.65%
2021 -1.59% -4.1%
2020 -7.38% -2.95%
2019 -3.47% -0.3%
2018 -2.8% 1.64%
2017 -5.77% 1.04%
2016 -10.3% 0.7%
2015 -6.87% -0.28%
2014 -8.11% 1.9%
2013 -8.17% 2.15%
2012 -2.83% 5.89%
2011 -0.13% 5.11%
2010 -1.39% 2.56%
2009 -3.71% 1.82%
2008 0.57% 5.97%
2007 2.66% 3.55%
2006 2.92% 2.72%
2005 0.66% -3.52%
2004 1.94% -3.74%
2003 1.05% -4.87%
2002 0.74% -6.31%
2001 0.03% -3.28%
2000 -0.32% -3.66%
1999 -4.82% -2.91%
1998 -5.1% -3.04%
1997 -2.83% -2.05%
1996 -3.44% -1.57%
1995 -2.02% -1.77%
1994 - -4.47%
1993 - -12%
1992 - 7.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 30 years, Ecuador recorded a fiscal deficit in 21 of those years, while Uzbekistan ran a deficit in 18 years. On average, Ecuador posted an annual deficit equal to 2.51% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Ecuador

Uzbekistan
1x
Year Consumer prices inflation
Ecuador Uzbekistan
2024 1.55% 9.6%
2023 2.22% 10%
2022 3.47% 11.4%
2021 0.13% 10.8%
2020 -0.34% 12.9%
2019 0.27% 14.5%
2018 -0.22% 17.5%
2017 0.42% 13.9%
2016 1.73% 8.8%
2015 3.97% 8.5%
2014 3.59% 9.1%
2013 2.72% 11.7%
2012 5.1% 11.9%
2011 4.47% 12.4%
2010 3.55% 12.3%
2009 5.16% 12.3%
2008 8.4% 13.1%
2007 2.28% 11.2%
2006 3.3% 13.1%
2005 2.17% 10.7%
2004 2.74% 7.3%
2003 7.93% 12.5%
2002 12.5% 27.3%
2001 37.7% 27.3%
2000 96.1% 25%
1999 52.2% 29.1%
1998 36.1% 29%
1997 30.7% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 16.6% in Uzbekistan. In 2024, inflation was 1.55% in Ecuador and 9.6% in Uzbekistan.

Top exports between countries

Ecuador
Export category Export value
Raw agricultural goods $7.73M
Chemicals & pharma $20K
Uzbekistan
Export category Export value
Raw materials & minerals $55K

Balance of trade

Ecuador Uzbekistan
Current account balance
$7.06B
2024
-$5.71B
2024
Current account balance ranking
27/190
2024
169/190
2024
Current account balance, % of GDP
+5.66%
2024
-4.97%
2024
Goods imports
$27.9B
2024
$33.2B
2024
Goods exports
$34.7B
2024
$19.6B
2024
Service imports
$6.18B
2024
$10.5B
2024
Service exports
$3.86B
2024
$6.55B
2024
Imports of goods and services, % of GDP
26.9%
2024
38%
2024
Exports of goods and services, % of GDP
30.3%
2024
22.8%
2024

Economic freedom indices

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

Ecuador Uzbekistan
Economic freedom 55.6 60.3
Economic freedom ranking 127/197 94/197
Property rights 33.2 43.1
Government integrity 33 32
Judicial effectiveness 48.1 13.7
Tax burden 74.2 95
Government spending 54.9 73.7
Fiscal health 90.3 79.9
Business freedom 64.3 62.5
Labor freedom 56.9 48.4
Monetary freedom 76.3 65.1
Trade freedom 66.4 80.6
Investment freedom 30 70
Financial freedom 40 60

Economic freedom comparison by year

Ecuador
Uzbekistan
1x
Year Economic freedom index
Ecuador Uzbekistan
2026 55.6 60.3
2025 55.8 58
2024 55 55.9
2023 55 56.5
2022 54.3 55.7
2021 52.4 58.3
2020 51.3 57.2
2019 46.9 53.3
2018 48.5 51.5
2017 49.3 52.3
2016 48.6 46
2015 49.2 47
2014 48 46.5
2013 46.9 46
2012 48.3 45.8
2011 47.1 45.8
2010 49.3 47.5
2009 52.5 50.5
2008 55.2 51.9
2007 55.3 51.5
2006 54.6 48.7
2005 52.9 45.8
2004 54.4 39.1
2003 54.1 38.3
2002 53.1 38.5
2001 55.1 38.2
2000 59.8 38.1
1999 62.9 33.8
1998 62.8 31.5
1997 61 -
1996 60.1 -
1995 57.7 -

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Uzbekistan
Services, % of GDP
57.2%
2024
45.2%
2024
Industry, % of GDP
26.5%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
18.3%
2024
GNI, Atlas method
$117B
2024
$110B
2024
GNI per capita, PPP
$15,410
2024
$12,000
2024
Total reserves including gold
$6.91B
2024
$41.2B
2024
Total reserves ranking
87/177
2024
50/177
2024
Net foreign direct investment
-$438M
2024
-$2.81B
2024
Net inflows of foreign direct investment
$443M
2024
$2.99B
2024
Net outflows of foreign direct investment
$0
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
7%
2024
9.88%
2024
Poverty at national poverty lines
28%
2024
8.9%
2024
Gross capital formation, % of GDP
18.5%
2024
33.3%
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/uzbekistan | 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 (1992–2024, 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 (1995–2000, 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.