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Economy of Ecuador vs Vietnam compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $476B for Vietnam, ranking 62/197 and 33/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Ecuador vs Vietnam GDP by year

Ecuador
Vietnam
1x
Year GDP, current $
Ecuador Vietnam
2024 $124,676,074,700 $476,388,230,307
2023 $121,147,057,000 $433,857,681,378
2022 $116,133,121,000 $413,445,230,669
2021 $107,179,074,000 $366,474,752,771
2020 $95,865,473,000 $346,615,738,538
2019 $107,595,830,000 $334,365,270,497
2018 $107,478,961,000 $310,106,478,395
2017 $104,467,486,000 $281,353,605,987
2016 $97,671,433,000 $257,096,001,178
2015 $97,209,558,000 $239,258,328,382
2014 $102,717,794,000 $233,451,469,643
2013 $96,570,334,000 $213,708,811,665
2012 $87,735,048,000 $195,590,661,129
2011 $78,986,648,000 $172,595,049,184
2010 $68,151,329,000 $147,201,173,197
2009 $60,094,978,000 $106,014,659,565
2008 $61,139,438,000 $99,130,304,099
2007 $49,848,725,000 $77,414,425,532
2006 $45,690,762,000 $66,371,664,817
2005 $40,278,849,000 $57,633,255,738
2004 $35,194,947,000 $45,427,854,693
2003 $30,965,208,000 $39,552,513,232
2002 $27,054,197,000 $35,064,105,501
2001 $23,127,055,000 $32,685,198,809
2000 $17,539,454,727 $31,172,518,403
1999 $19,645,272,636 $28,683,659,007
1998 $27,981,896,948 $27,209,602,050
1997 $28,162,053,027 $26,843,700,442
1996 $25,226,393,197 $24,657,470,575
1995 $24,432,884,442 $20,736,164,459
1994 $22,708,673,337 $16,286,433,533
1993 $18,938,717,359 $13,180,953,598
1992 $18,094,238,119 $9,866,990,236
1991 $16,988,535,268 $9,613,369,520
1990 $15,239,272,612 $6,471,740,806
1989 $13,890,823,705 $6,293,304,975
1988 $13,051,881,851 $25,423,812,649
1987 $13,945,426,859 $36,658,108,850
1986 $15,314,138,472 $26,336,616,250
1985 $17,149,088,413 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Ecuador vs Vietnam by year

Ecuador
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $4,717 $16,386
2023 $6,738 $15,919 $4,323 $15,034
2022 $6,516 $15,198 $4,148 $13,905
2021 $6,061 $13,507 $3,704 $12,049
2020 $5,464 $11,527 $3,534 $11,609
2019 $6,205 $12,543 $3,441 $11,029
2018 $6,304 $12,187 $3,222 $10,010
2017 $6,233 $11,793 $2,956 $9,170
2016 $5,918 $10,881 $2,735 $8,375
2015 $5,976 $10,878 $2,578 $7,672
2014 $6,406 $11,836 $2,546 $7,297
2013 $6,109 $11,296 $2,360 $6,758
2012 $5,634 $10,245 $2,185 $6,377
2011 $5,154 $9,769 $1,951 $5,786
2010 $4,520 $8,969 $1,683 $5,389
2009 $4,053 $8,662 $1,226 $5,061
2008 $4,195 $8,663 $1,164 $4,844
2007 $3,479 $8,112 $926 $4,581
2006 $3,244 $7,885 $808 $4,237
2005 $2,909 $7,457 $711 $3,894
2004 $2,586 $6,980 $565 $3,543
2003 $2,316 $6,475 $497 $3,240
2002 $2,059 $6,282 $445 $3,002
2001 $1,791 $5,999 $419 $2,809
2000 $1,382 $5,728 $404 $2,614
1999 $1,575 $5,638 $376 $2,421
1998 $2,284 $5,940 $361 $2,308
1997 $2,341 $5,793 $362 $2,189
1996 $2,136 $5,560 $337 $2,019
1995 $2,108 $5,469 $287.8 $1,841
1994 $1,997 $5,339 $229.9 $1,674
1993 $1,698 $5,112 $189.4 $1,534
1992 $1,655 $4,998 $144.5 $1,413
1991 $1,587 $4,887 $143.7 $1,298
1990 $1,455 $4,632 $98.8 $1,210
1989 $1,356 - $98.1 -
1988 $1,304 - $405 -
1987 $1,426 - $595 -
1986 $1,604 - $436 -
1985 $1,842 - $238.6 -
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/vietnam | CC BY

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Vietnam ranks 108th at $16,386.

Economic indicators

Ecuador Vietnam
Gross domestic product
$125B
2024
$476B
2024
GDP rank
62/197
2024
33/197
2024
GDP growth
-2%
2023-2024
7.09%
2023-2024
GDP per capita
$6,875
2024
$4,717
2024
GDP per capita rank
103/197
2024
122/197
2024
GDP per capita, PPP
$15,840
2024
$16,386
2024
GDP per capita PPP rank
110/197
2024
108/197
2024
Government debt
$67B
2024
$149B
2024
Debt-to-GDP ratio
53.8%
2024
31.3%
2024
Government debt per person
$3,695
2024
$1,475
2024
Government debt per person rank
93/185
2024
132/185
2024
Average annual personal income after taxes
$5,894
2026
$4,020
2026
Market capitalization of domestic companies
$747M
2000
$205B
2024
Number of billionaires n/a
5
2025
Income share by richest 10%
33.4%
2024
28.1%
2022
Income share by poorest 10%
1.5%
2024
2.6%
2022
Government expenditure, % of GDP
38.1%
2024
19.1%
2024
Consumer prices inflation
1.55%
2023-2024
3.6%
2023-2024
Central bank interest rate n/a
4.5%
2023
Unemployment rate
3.39%
2024
1.53%
2024
Population
18487749
102365351

Spending and national debt comparison by year

Ecuador
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Ecuador Vietnam
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 19.1% 31.3%
2023 39.5% 54.3% 18.8% 34.3%
2022 38.9% 57.2% 18.2% 34.9%
2021 37.5% 61.8% 20.1% 39.2%
2020 40.2% 63.6% 21.3% 41.3%
2019 39.8% 52.1% 19.8% 41%
2018 40.9% 49.5% 20.5% 43.8%
2017 40.5% 47.4% 21.5% 46.6%
2016 44.1% 46.1% 22.2% 47.9%
2015 44.1% 36.4% 24.2% 46.1%
2014 45.9% 28.2% 22.8% 43.6%
2013 46.7% 23.4% 24.5% 41.4%
2012 43.2% 19.3% 23.5% 38.3%
2011 39.6% 18.6% 21.2% 36.2%
2010 35.4% 18.4% 23.7% 37.3%
2009 34.3% 19.7% 25% 36.2%
2008 35.6% 24.9% 21.4% 31%
2007 24.7% 29.6% 22.3% 32.2%
2006 21.7% 33.1% 20.5% 30.2%
2005 22% 35.8% 20.6% 28.7%
2004 21.3% 40.2% 19.4% 29.4%
2003 21.3% 47.2% 22.2% 29.8%
2002 22.8% 55% 19.7% 27.7%
2001 21.4% 63.8% 19.2% 25.4%
2000 24.3% 92.2% 17.8% 24.8%
1999 24.1% 105.2% 16.7% -
1998 21.5% 70.3% 16% -
1997 22% 61.5% - -
1996 22.7% 69.3% - -
1995 22% 70.5% - -

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

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 31.3% in Vietnam, ranking 98/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Vietnam
1x
Year Deficit/surplus, % of GDP
Ecuador Vietnam
2024 -1.28% -1.54%
2023 -3.48% -1.72%
2022 0.04% 0.67%
2021 -1.59% -1.43%
2020 -7.38% -2.86%
2019 -3.47% -0.4%
2018 -2.8% -1.02%
2017 -5.77% -1.96%
2016 -10.3% -3.16%
2015 -6.87% -4.98%
2014 -8.11% -5.02%
2013 -8.17% -5.96%
2012 -2.83% -5.46%
2011 -0.13% -0.9%
2010 -1.39% -2.25%
2009 -3.71% -4.82%
2008 0.57% -0.45%
2007 2.66% -1.74%
2006 2.92% 0.2%
2005 0.66% -0.95%
2004 1.94% -0.15%
2003 1.05% -2.56%
2002 0.74% -1.85%
2001 0.03% -2.19%
2000 -0.32% -1.61%
1999 -4.82% -1.25%
1998 -5.1% -0.1%
1997 -2.83% -
1996 -3.44% -
1995 -2.02% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/ecuador/vietnam | 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 Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, Ecuador recorded a fiscal deficit in 18 of those years, while Vietnam ran a deficit in 25 years. On average, Ecuador posted an annual deficit equal to 2.48% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Ecuador

Vietnam
1x
Year Consumer prices inflation
Ecuador Vietnam
2024 1.55% 3.6%
2023 2.22% 3.3%
2022 3.47% 3.2%
2021 0.13% 1.8%
2020 -0.34% 3.2%
2019 0.27% 2.8%
2018 -0.22% 3.5%
2017 0.42% 3.5%
2016 1.73% 2.7%
2015 3.97% 0.6%
2014 3.59% 4.1%
2013 2.72% 6.6%
2012 5.1% 9.1%
2011 4.47% 18.7%
2010 3.55% 9.1%
2009 5.16% 6.7%
2008 8.4% 23.3%
2007 2.28% 8.4%
2006 3.3% 7.7%
2005 2.17% 8.3%
2004 2.74% 7.8%
2003 7.93% 3.1%
2002 12.5% 3.8%
2001 37.7% -0.4%
2000 96.1% -1.8%
1999 52.2% 4.1%
1998 36.1% 8.1%
1997 30.7% 3.1%

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/vietnam | CC BY

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 5.64% in Vietnam. In 2024, inflation was 1.55% in Ecuador and 3.6% in Vietnam.

Top exports between countries

Ecuador
Export category Export value
Animal & marine products $39.7M
Processed food, beverages & tobacco $5.49M
Raw agricultural goods $1.46M
Metals $487K
Wood & paper products $281K
Raw materials & minerals $83K
Chemicals & pharma $76K
Machinery & equipment $67K
Miscellaneous $38K
Textiles & consumer goods $1K
Vietnam
Export category Export value
Machinery & equipment $71.9M
Raw agricultural goods $27.9M
Textiles & consumer goods $21.2M
Chemicals & pharma $9.14M
Raw materials & minerals $7.57M
Metals $2.12M
Wood & paper products $1.49M
Animal & marine products $1.48M
Miscellaneous $847K
Processed food, beverages & tobacco $692K

Balance of trade

Ecuador Vietnam
Current account balance
$7.06B
2024
$28B
2024
Current account balance ranking
27/190
2024
18/190
2024
Current account balance, % of GDP
+5.66%
2024
+5.89%
2024
Goods imports
$27.9B
2024
$362B
2024
Goods exports
$34.7B
2024
$406B
2024
Service imports
$6.18B
2024
$36.2B
2024
Service exports
$3.86B
2024
$23.9B
2024
Imports of goods and services, % of GDP
26.9%
2024
83.7%
2024
Exports of goods and services, % of GDP
30.3%
2024
90.2%
2024

Economic freedom indices

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

Ecuador Vietnam
Economic freedom 55.6 64.4
Economic freedom ranking 127/197 73/197
Property rights 33.2 47.3
Government integrity 33 39.2
Judicial effectiveness 48.1 31.3
Tax burden 74.2 80.9
Government spending 54.9 89.5
Fiscal health 90.3 96.9
Business freedom 64.3 70
Labor freedom 56.9 54.7
Monetary freedom 76.3 73.2
Trade freedom 66.4 79.8
Investment freedom 30 60
Financial freedom 40 50

Economic freedom comparison by year

Ecuador
Vietnam
1x
Year Economic freedom index
Ecuador Vietnam
2026 55.6 64.4
2025 55.8 65.2
2024 55 62.8
2023 55 61.8
2022 54.3 60.6
2021 52.4 61.7
2020 51.3 58.8
2019 46.9 55.3
2018 48.5 53.1
2017 49.3 52.4
2016 48.6 54
2015 49.2 51.7
2014 48 50.8
2013 46.9 51
2012 48.3 51.3
2011 47.1 51.6
2010 49.3 49.8
2009 52.5 51
2008 55.2 50.4
2007 55.3 49.8
2006 54.6 50.5
2005 52.9 48.1
2004 54.4 46.1
2003 54.1 46.2
2002 53.1 45.6
2001 55.1 44.3
2000 59.8 43.7
1999 62.9 42.7
1998 62.8 40.4
1997 61 38.6
1996 60.1 40.2
1995 57.7 41.7

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Vietnam
Services, % of GDP
57.2%
2024
42.4%
2024
Industry, % of GDP
26.5%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
11.9%
2024
GNI, Atlas method
$117B
2024
$454B
2024
GNI per capita, PPP
$15,410
2024
$15,850
2024
Total reserves including gold
$6.91B
2024
$83.1B
2024
Total reserves ranking
87/177
2024
30/177
2024
Net foreign direct investment
-$438M
2024
-$19.6B
2024
Net inflows of foreign direct investment
$443M
2024
$20.2B
2024
Net outflows of foreign direct investment
$0
2024
$600M
2024
Servicing debt to the IMF, % of GNI
7%
2024
7.29%
2024
Poverty at national poverty lines
28%
2024
4.2%
2022
Gross capital formation, % of GDP
18.5%
2024
30.6%
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/vietnam | 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 (1995–2024, 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.