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CompareEconomy.com Comparison of world economies

Ecuador

World Rank 94 2.09 Ecuador flag svg
Capital
Area
Currency
Quito
283,561 km 2
United States dollar (USD)

Table of Contents

Introduction

Ecuador is a country that can be found in South America, in its northwestern part. It is bordered by such nations as Colombia and Peru. Besides that, we should also remember about its coastal line with the Pacific Ocean on the west. The Republic of Ecuador is also the owner of the Galapagos Islands in the Pacific. The land area of this republic is said to be at around 283,000 square kilometers. 

Economy

The GDP of Ecuador is around $206 billion, which accounts for almost 2% of the total GDP of Latin America and Caribbean. As we can see, it is a very low number, even when compared to its neighbours Peru ($436 billion) and Colombia ($787 billion). Sadly, due to the large population that inhabits Ecuador, the GDP per capita is also one of the lowest and it is only $11,878. It is approximately 40% less than the average GDP per capita in Latin America. 

Population

Ecuador is a republic where we can find more than 17 million people. As a result, it is the 8th most populous country in this region. Due to relatively large land coverage, it is a sparsely populated nation with around 61 Ecuadorians per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#60 (2021)
106,165,866,000 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#51 (2021)
1,051,807,000 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#120 (2021)
4.50 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)