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Economy of Ecuador vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Ecuador has a GDP of $125B compared to $41.5B for Zimbabwe, ranking 62/197 and 102/197 by economy size, respectively.

Ecuador has $67B in government debt (53.8% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Ecuador vs Zimbabwe GDP by year

Ecuador
Zimbabwe
1x
Year GDP, current $
Ecuador Zimbabwe
2024 $124,676,074,700 $41,539,411,516
2023 $121,147,057,000 $35,871,779,681
2022 $116,133,121,000 $40,757,561,709
2021 $107,179,074,000 $41,287,673,690
2020 $95,865,473,000 $31,980,334,561
2019 $107,595,830,000 $33,357,695,635
2018 $107,478,961,000 $34,141,666,667
2017 $104,467,486,000 $51,035,657,371
2016 $97,671,433,000 $20,559,250,000
2015 $97,209,558,000 $19,973,250,000
2014 $102,717,794,000 $19,505,500,000
2013 $96,570,334,000 $19,100,750,000
2012 $87,735,048,000 $17,123,500,000
2011 $78,986,648,000 $14,109,000,000
2010 $68,151,329,000 $12,047,750,000
2009 $60,094,978,000 $9,670,750,000
2008 $61,139,438,000 $4,418,000,000
2007 $49,848,725,000 $5,294,750,000
2006 $45,690,762,000 $5,446,750,000
2005 $40,278,849,000 $5,758,250,000
2004 $35,194,947,000 $5,808,500,000
2003 $30,965,208,000 $5,730,500,000
2002 $27,054,197,000 $6,345,250,000
2001 $23,127,055,000 $6,780,750,000
2000 $17,539,454,727 $6,693,250,000
1999 $19,645,272,636 $6,861,500,000
1998 $27,981,896,948 $6,405,250,000
1997 $28,162,053,027 $8,534,000,000
1996 $25,226,393,197 $8,557,500,000
1995 $24,432,884,442 $7,115,000,000
1994 $22,708,673,337 $6,894,250,000
1993 $18,938,717,359 $6,567,250,000
1992 $18,094,238,119 $6,755,000,000
1991 $16,988,535,268 $8,646,000,000
1990 $15,239,272,612 $8,788,301,546
1989 $13,890,823,705 $8,290,553,535
1988 $13,051,881,851 $7,818,774,177
1987 $13,945,426,859 $6,744,657,033
1986 $15,314,138,472 $6,220,698,247
1985 $17,149,088,413 $5,640,137,575
1984 $16,912,509,092 $6,355,369,172
1983 $17,152,477,037 $7,768,031,182
1982 $19,929,846,396 $8,544,060,905
1981 $21,810,759,354 $8,015,464,252
1980 $17,881,508,242 $6,682,278,300
1979 $14,175,160,902 $5,180,102,910
1978 $11,922,497,876 $4,353,822,343
1977 $11,026,342,618 $4,366,610,469
1976 $9,091,921,030 $4,320,576,877
1975 $7,731,674,472 $4,373,532,601
1974 $6,599,257,044 $3,984,194,614
1973 $3,891,754,150 $3,311,043,292
1972 $3,185,986,087 $2,679,096,597
1971 $2,754,219,271 $2,179,828,710
1970 $2,862,503,139 $1,885,168,339
1969 $3,112,165,727 $1,748,891,294
1968 $2,582,179,864 $1,480,355,355
1967 $2,553,595,172 $1,397,715,282
1966 $2,429,308,639 $1,282,403,936
1965 $2,387,047,396 $1,312,105,394
1964 $2,244,146,103 $1,217,759,447
1963 $1,824,343,871 $1,160,103,724
1962 $1,518,207,703 $1,118,172,226
1961 $1,753,850,955 $1,097,206,526
1960 $2,069,464,937 $1,053,528,036

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

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

GDP per capita in Ecuador vs Zimbabwe by year

Ecuador
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ecuador Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,875 $15,840 $2,497 $5,928
2023 $6,738 $15,919 $2,195 $5,791
2022 $6,516 $15,198 $2,536 $5,396
2021 $6,061 $13,507 $2,614 $4,827
2020 $5,464 $11,527 $2,060 $4,179
2019 $6,205 $12,543 $2,184 $4,166
2018 $6,304 $12,187 $2,271 $3,993
2017 $6,233 $11,793 $3,445 $10,756
2016 $5,918 $10,881 $1,408 $4,275
2015 $5,976 $10,878 $1,387 $4,046
2014 $6,406 $11,836 $1,373 $3,903
2013 $6,109 $11,296 $1,363 $3,784
2012 $5,634 $10,245 $1,239 $3,472
2011 $5,154 $9,769 $1,038 $3,047
2010 $4,520 $8,969 $902 $2,661
2009 $4,053 $8,662 $736 $2,233
2008 $4,195 $8,663 $341 $1,987
2007 $3,479 $8,112 $414 $2,396
2006 $3,244 $7,885 $431 $2,454
2005 $2,909 $7,457 $461 $2,496
2004 $2,586 $6,980 $470 $2,591
2003 $2,316 $6,475 $468 $2,708
2002 $2,059 $6,282 $525 $3,238
2001 $1,791 $5,999 $566 $3,533
2000 $1,382 $5,728 $563 $3,429
1999 $1,575 $5,638 $582 $3,491
1998 $2,284 $5,940 $552 $3,527
1997 $2,341 $5,793 $751 $3,457
1996 $2,136 $5,560 $767 $3,372
1995 $2,108 $5,469 $648 $3,051
1994 $1,997 $5,339 $634 $3,012
1993 $1,698 $5,112 $605 $2,703
1992 $1,655 $4,998 $631 $2,651
1991 $1,587 $4,887 $831 $2,930
1990 $1,455 $4,632 $867 $2,757
1989 $1,356 - $840 -
1988 $1,304 - $816 -
1987 $1,426 - $726 -
1986 $1,604 - $693 -
1985 $1,842 - $649 -
1984 $1,864 - $757 -
1983 $1,940 - $959 -
1982 $2,314 - $1,096 -
1981 $2,601 - $1,069 -
1980 $2,190 - $949 -
1979 $1,783 - $779 -
1978 $1,541 - $665 -
1977 $1,465 - $677 -
1976 $1,242 - $687 -
1975 $1,086 - $717 -
1974 $954 - $674 -
1973 $579 - $579 -
1972 $488 - $483 -
1971 $434 - $406 -
1970 $465 - $361 -
1969 $521 - $346 -
1968 $445 - $302 -
1967 $454 - $294.4 -
1966 $445 - $278.7 -
1965 $450 - $294.3 -
1964 $436 - $281.9 -
1963 $365 - $277.1 -
1962 $312 - $275.7 -
1961 $371 - $279.2 -
1960 $451 - $276.6 -

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

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

Ecuador's GDP per capita is $6,875, ranking 103/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Ecuador ranks 110th at $15,840, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Ecuador Zimbabwe
Gross domestic product
$125B
2024
$41.5B
2024
GDP rank
62/197
2024
102/197
2024
GDP growth
-2%
2023-2024
1.74%
2023-2024
GDP per capita
$6,875
2024
$2,497
2024
GDP per capita rank
103/197
2024
148/197
2024
GDP per capita, PPP
$15,840
2024
$5,928
2024
GDP per capita PPP rank
110/197
2024
154/197
2024
Government debt
$67B
2024
$30.3B
2024
Debt-to-GDP ratio
53.8%
2024
73%
2024
Government debt per person
$3,695
2024
$1,824
2024
Government debt per person rank
93/185
2024
121/185
2024
Average annual personal income after taxes
$5,894
2026
$2,897
2026
Market capitalization of domestic companies
$747M
2000
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
33.4%
2024
40.5%
2019
Income share by poorest 10%
1.5%
2024
1.9%
2019
Government expenditure, % of GDP
38.1%
2024
12.9%
2024
Consumer prices inflation
1.55%
2023-2024
736%
2023-2024
Central bank interest rate n/a
35%
2024
Unemployment rate
3.39%
2024
12.1%
2024
Population
18487749
17361868

Spending and national debt comparison by year

Ecuador
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Ecuador Zimbabwe
Government spending Government debt Government spending Government debt
2024 38.1% 53.8% 12.9% 73%
2023 39.5% 54.3% 15.5% 76.1%
2022 38.9% 57.2% 14.4% 66.8%
2021 37.5% 61.8% 12.8% 39.9%
2020 40.2% 63.6% 9.27% 56.8%
2019 39.8% 52.1% 9.36% 53.9%
2018 40.9% 49.5% 13.9% 33%
2017 40.5% 47.4% 19.8% 49%
2016 44.1% 46.1% 16.6% 35.1%
2015 44.1% 36.4% 14.7% 34.1%
2014 45.9% 28.2% 14.1% 29.2%
2013 46.7% 23.4% 14.7% 26.4%
2012 43.2% 19.3% 14.6% 27.2%
2011 39.6% 18.6% 16.2% 30%
2010 35.4% 18.4% 12.8% 33.2%
2009 34.3% 19.7% 7.93% 39.7%
2008 35.6% 24.9% 2.54% 41.3%
2007 24.7% 29.6% 3.43% 30.2%
2006 21.7% 33.1% 5.72% 26.7%
2005 22% 35.8% 10.5% 22.4%
2004 21.3% 40.2% - -
2003 21.3% 47.2% - -
2002 22.8% 55% - -
2001 21.4% 63.8% - -
2000 24.3% 92.2% - -
1999 24.1% 105.2% - -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Ecuador's government spending was $47.5B, accounting for 38.1% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 53.8% in Ecuador and 73% in Zimbabwe, ranking 98/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Ecuador

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Ecuador Zimbabwe
2024 -1.28% -1.06%
2023 -3.48% -3.9%
2022 0.04% -3.3%
2021 -1.59% -2.24%
2020 -7.38% -0.34%
2019 -3.47% -1.72%
2018 -2.8% -3.81%
2017 -5.77% -7.37%
2016 -10.3% -4.63%
2015 -6.87% -1.45%
2014 -8.11% -0.71%
2013 -8.17% -0.69%
2012 -2.83% -0.13%
2011 -0.13% -1.72%
2010 -1.39% -0.11%
2009 -3.71% -1.39%
2008 0.57% -1.2%
2007 2.66% -1.67%
2006 2.92% -1.4%
2005 0.66% -3.46%
2004 1.94% -
2003 1.05% -
2002 0.74% -
2001 0.03% -
2000 -0.32% -
1999 -4.82% -
1998 -5.1% -
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/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Ecuador recorded a fiscal deficit in 15 of those years, while Zimbabwe ran a deficit in 20 years. On average, Ecuador posted an annual deficit equal to 3.02% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Ecuador

Zimbabwe
1x
Year Consumer prices inflation
Ecuador Zimbabwe
2024 1.55% 736%
2023 2.22% 667%
2022 3.47% 193.4%
2021 0.13% 98.5%
2020 -0.34% 557%
2019 0.27% 255.3%
2018 -0.22% 10.6%
2017 0.42% 0.9%
2016 1.73% -1.6%
2015 3.97% -2.4%
2014 3.59% -0.2%
2013 2.72% 1.6%
2012 5.1% 3.7%
2011 4.47% 3.5%
2010 3.55% 3%
2009 5.16% 6.2%
2008 8.4% 157%
2007 2.28% -72.7%
2006 3.3% 33%
2005 2.17% -31.5%
2004 2.74% 113.6%
2003 7.93% -8.6%
2002 12.5% -34.4%
2001 37.7% -37.2%
2000 96.1% 4.5%
1999 52.2% -13.4%
1998 36.1% -28%
1997 30.7% -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/zimbabwe | CC BY

Over the past 28 years, Ecuador has recorded an average annual inflation rate of 11.8%, compared with 93.4% in Zimbabwe. In 2024, inflation was 1.55% in Ecuador and 736% in Zimbabwe.

Top exports between countries

Ecuador
Export category Export value
Zimbabwe
Export category Export value
Machinery & equipment $4K

Balance of trade

Ecuador Zimbabwe
Current account balance
$7.06B
2024
$501M
2024
Current account balance ranking
27/190
2024
62/190
2024
Current account balance, % of GDP
+5.66%
2024
+1.21%
2024
Goods imports
$27.9B
2024
$9.06B
2024
Goods exports
$34.7B
2024
$7.79B
2024
Service imports
$6.18B
2024
$1.66B
2024
Service exports
$3.86B
2024
$457M
2024
Imports of goods and services, % of GDP
26.9%
2024
23.4%
2024
Exports of goods and services, % of GDP
30.3%
2024
18%
2024

Economic freedom indices

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

Ecuador Zimbabwe
Economic freedom 55.6 35.2
Economic freedom ranking 127/197 190/197
Property rights 33.2 19.4
Government integrity 33 20.7
Judicial effectiveness 48.1 16.8
Tax burden 74.2 73.6
Government spending 54.9 93.9
Fiscal health 90.3 52.4
Business freedom 64.3 42
Labor freedom 56.9 33.3
Monetary freedom 76.3 0
Trade freedom 66.4 50.4
Investment freedom 30 10
Financial freedom 40 10

Economic freedom comparison by year

Ecuador
Zimbabwe
1x
Year Economic freedom index
Ecuador Zimbabwe
2026 55.6 35.2
2025 55.8 35.1
2024 55 38.2
2023 55 39
2022 54.3 33.1
2021 52.4 39.5
2020 51.3 43.1
2019 46.9 40.4
2018 48.5 44
2017 49.3 44
2016 48.6 38.2
2015 49.2 37.6
2014 48 35.5
2013 46.9 28.6
2012 48.3 26.3
2011 47.1 22.1
2010 49.3 21.4
2009 52.5 22.7
2008 55.2 29.5
2007 55.3 32
2006 54.6 33.5
2005 52.9 35.2
2004 54.4 34.4
2003 54.1 36.7
2002 53.1 36.7
2001 55.1 38.8
2000 59.8 48.7
1999 62.9 47.2
1998 62.8 44.6
1997 61 48
1996 60.1 46.7
1995 57.7 48.5

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

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

The Economic Freedom Index for Ecuador is 55.6, ranking 127/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ecuador Zimbabwe
Services, % of GDP
57.2%
2024
50.6%
2024
Industry, % of GDP
26.5%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
9.48%
2024
8.69%
2024
GNI, Atlas method
$117B
2024
$39.9B
2024
GNI per capita, PPP
$15,410
2024
$5,870
2024
Total reserves including gold
$6.91B
2024
$485M
2024
Total reserves ranking
87/177
2024
157/177
2024
Net foreign direct investment
-$438M
2024
-$465M
2024
Net inflows of foreign direct investment
$443M
2024
$465M
2024
Net outflows of foreign direct investment
$0
2024
$131M
2024
Servicing debt to the IMF, % of GNI
7%
2024
3.44%
2024
Poverty at national poverty lines
28%
2024
38.3%
2019
Gross capital formation, % of GDP
18.5%
2024
8.85%
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/zimbabwe | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2022, retrieved 2026-02-08)

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.