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EC

Ecuador

EC · ECU · #73 · 21 cities

Nomad score 58/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$21,034
GDP (2031)
$171.3B
GDP growth (2031)
3.0% →
Inflation (2031)
1.5% →
Unemployment (2031)
3.1% →
Population (2031)
19.0M
Population growth (2031)
0.8% ↓
Gini index (2025)
45.9
Government debt (2025)
54.4% of GDP
Current account (2031)
3.1% of GDP
FDI inflows (2025)
$1.3B
Life expectancy (2024)
77.6 yrs
Health spending (2023)
7.6% of GDP
Internet users (2024)
77.2%
Mobile subscriptions (2024)
101.6/100
Trade openness (2025)
59.4% of GDP
Exchange rate (2025)
1.00/USD
Foreign reserves (2025)
$9.8B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2025)
54.4% of GDP
Current account (2031)
3.1% of GDP
FDI inflows (2025)
$1.3B

Income inequality (Gini)

Gini index (2025)
0.46
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
1.59/1k
Tax revenue (2022)
13.1% of GDP
Services sector (2025)
57.0% of GDP

Financial access and costs

ATMs per 100k (2024)
53.1
Bank branches per 100k (2024)
8.0
ICT service exports (2025)
3.1%
Goods and services tax (2022)
7.4%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $171.3B $21,034 3.0% 1.5% 3.1% 19.0M - - 3.1% - - - - -
2030 * $163.8B $20,268 3.0% 1.5% 3.1% 18.8M - - 3.6% - - - - -
2029 * $156.7B $19,531 2.8% 1.5% 3.1% 18.7M - - 4.0% - - - - -
2028 * $150.1B $18,862 2.6% 1.5% 3.1% 18.5M - - 4.4% - - - - -
2027 * $144.1B $18,249 2.5% 1.6% 3.1% 18.4M - - 4.6% - - - - -
2026 * $138.2B $17,633 2.5% 2.9% 3.1% 18.2M - - 5.2% - - - - -
2025 $130.3B $16,757 3.7% 0.7% 3.1% 18.1M 45.9 54.4% 5.8% $1.3B - - - 1.00
2024 $123.8B $15,848 -1.9% 1.5% 3.4% 18.0M 45.2 54.1% 5.7% $446.1M 77.6 - 77.2% 1.00
2023 $120.8B $15,907 1.8% 2.2% 3.6% 17.8M 44.6 54.5% 2.0% $480.8M 77.4 7.6% 72.7% 1.00
2022 $116.1B $15,196 5.9% 3.5% 3.8% 17.7M 45.5 57.2% 2.0% $882.2M 76.6 7.6% 69.7% 1.00
2021 $107.2B $13,507 9.4% 0.1% 4.7% 17.6M 45.8 61.8% 2.8% $651.1M 72.8 8.4% 69.1% 1.00
2020 $95.9B $11,527 -9.2% -0.3% 5.3% 17.5M 47.3 63.6% 2.1% $1.1B 72.0 8.6% 70.7% 1.00
2019 $107.6B $12,543 0.2% 0.3% 3.8% 17.4M 45.7 52.1% -0.5% $984.6M 77.3 7.8% 59.2% 1.00
2018 $107.5B $12,187 1.0% -0.2% 3.7% 17.1M 45.4 49.5% -1.5% $1.4B 77.3 7.8% 57.5% 1.00
2017 $104.5B $11,793 6.0% 0.4% 4.6% 16.8M 44.7 47.4% -0.4% $632.3M 76.2 7.5% 55.8% 1.00
2016 $97.7B $10,881 -0.7% 1.7% 5.2% 16.5M 45.0 46.1% 0.9% $766.4M 76.1 7.6% 54.1% 1.00
2015 $97.2B $10,878 0.1% 4.0% 4.8% 16.3M 46.0 36.4% -2.3% $1.3B 76.2 7.8% 48.9% 1.00
2014 $102.7B $11,836 4.2% 3.6% 3.8% 16.0M 45.0 28.2% -0.7% $772.4M 76.1 6.8% 45.6% 1.00
2013 $96.6B $11,296 7.2% 2.7% 4.2% 15.7M 46.9 23.4% -1.0% $727.1M 75.8 6.8% 40.3% 1.00
2012 $87.7B $10,245 5.8% 5.1% 4.1% 15.4M 46.1 19.3% -0.2% $567.4M 75.5 6.9% 35.1% 1.00
2011 $79.0B $9,769 8.5% 4.5% 4.2% 15.2M 45.9 18.6% -0.5% $646.1M 75.2 6.6% 31.4% 1.00
2010 $68.2B $8,969 4.0% 3.6% 5.0% 14.9M 48.8 18.4% -2.3% $165.9M 75.2 6.4% 29.0% 1.00
2009 $60.1B $8,662 1.1% 5.2% 6.5% 14.6M 48.5 19.7% 0.5% $308.6M 74.9 6.0% 24.6% 1.00
2008 $61.1B $8,663 6.6% 8.4% 6.0% 14.4M 49.8 24.9% 2.9% $1.1B 74.7 5.5% 18.8% 1.00
2007 $49.8B $8,112 1.9% 2.3% 6.9% 14.1M 53.4 29.6% 3.8% $193.9M 74.2 5.6% 10.8% 1.00
2006 $45.7B $7,885 4.3% 3.3% 6.7% 13.9M 52.3 33.1% 3.8% $271.4M 74.0 5.9% 7.2% 1.00
2005 $40.3B $7,457 5.4% 2.2% 7.1% 13.6M 53.1 35.8% 1.2% $493.4M 73.9 5.9% 6.0% 1.00
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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