Ecuador Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Ecuador's government debt to gdp was 53.75% in 2024, ranked 90th globally. This represents a 1.1% decrease from 2023. Data from IMF WEO, covering 2001–2024.
Overview
Ecuador's government debt to gdp stood at 53.75% in 2024, a decline of +0.58% from 2023. Ecuador ranked 90th globally.
Ecuador's government debt to GDP has fluctuated significantly over the past 24 years, with a peak of 63.80 in 2001 and a trough of 18.44 in 2010. The latest figure stands at 53.75, ranking the country 90th globally. This places Ecuador alongside peer countries such as Benin, which has a slightly lower debt to GDP ratio of 53.44, and St. Kitts and Nevis, with a ratio of 53.82. The significant decline from the peak in 2001 to the trough in 2010 suggests a period of fiscal consolidation during that era. Ecuador's current debt to GDP ratio is closer to its peak than its trough, indicating a potential need for fiscal vigilance. As the country moves forward, a shift in fiscal policy or external economic shocks could alter the trajectory of Ecuador's government debt to GDP, potentially leading to a change in its global ranking.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2024 | 53.75% | −0.58% | #90 |
| 2023 | 54.33% | −2.87% | #94 |
| 2022 | 57.20% | −4.55% | #100 |
| 2021 | 61.76% | −1.80% | #103 |
| 2020 | 63.55% | +11.49% | #104 |
| 2019 | 52.06% | +2.56% | #102 |
| 2018 | 49.51% | +2.11% | #99 |
| 2017 | 47.39% | +1.33% | #94 |
| 2016 | 46.07% | +9.63% | #92 |
| 2015 | 36.44% | +8.28% | #66 |
| 2014 | 28.16% | +4.74% | #57 |
| 2013 | 23.43% | +4.09% | #41 |
| 2012 | 19.34% | +0.73% | #33 |
| 2011 | 18.61% | +0.17% | #30 |
| 2010 | 18.44% | −1.23% | #30 |
Detected Pattern
Analysis
Ecuador matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Ecuador's government debt to gdp was 53.75% in 2024. Ranked 90th globally. This represents a 1.1% decrease from the previous year.
Ecuador's government debt to gdp peaked at 63.80% in 2001.
The lowest government debt to gdp in Ecuador was 18.44% in 2010.
Ecuador ranks 90th globally in government debt to gdp as of 2024.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
The government debt to gdp of Ecuador in 2024 was 53.75%. This ranks 90th in the world.
Cite this page
@misc{historysaid_ecuador_government-debt-to-gdp,
title = {Ecuador Government Debt to GDP},
url = {https://historysaid.com/ecuador/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}