Net incurrence of liabilities, total (% of GDP) in Ecuador
Ecuador: Net incurrence of liabilities, total (% of GDP) was 2.5% in 2022. ▼ Falling
Net incurrence of liabilities, total in Ecuador, 2013–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2022, net incurrence of liabilities, total in Ecuador stood at 2.5%. That is the lowest value across all 10 years on record.
That represents a change of down 61.6% on the previous year and down 68.2% over ten years.
Over the whole period, net incurrence of liabilities, total in Ecuador peaked at 9.9% in 2020 and was at its lowest, 2.5%, in 2022.
Ecuador ranks 80th of 136 countries on this measure, in the middle of the range.
Net incurrence of liabilities, total (% of GDP) in Ecuador, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2013 | 8.0% | — |
| 2014 | 7.5% | -6.2% |
| 2015 | 5.4% | -27.6% |
| 2016 | 9.4% | +72.7% |
| 2017 | 5.8% | -38.2% |
| 2018 | 4.0% | -31.5% |
| 2019 | 6.7% | +68.2% |
| 2020 | 9.9% | +48.0% |
| 2021 | 6.6% | -33.0% |
| 2022 | 2.5% | -61.6% |
Ecuador compared with similar countries
- Ecuador's 2.5% is below the median for upper middle income countries, which is 2.9%, 89% of the median. (47 countries reporting)
- Ecuador's 2.5% is below the median for Latin America & Caribbean, which is 2.7%, 94% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.7% | 4.0% | 9.4% | 7 |
| 2020s | 6.4% | 2.5% | 9.9% | 3 |
Countries ranked near Ecuador
- 77 Iceland 2.6% compare
- 78 Tunisia 2.6%
- 79 Costa Rica 2.6%
- 81 Chile 2.5% compare
- 82 El Salvador 2.5% compare
- 83 Cameroon 2.4% compare
More public sector data for Ecuador
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 30.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 1.38 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 257.14 % change on previous year (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Ecuador?
- Net incurrence of liabilities, total in Ecuador was 2.5% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Ecuador?
- The highest recorded value was 9.9% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Ecuador?
- The lowest recorded value was 2.5% in 2022.
- How does Ecuador rank for net incurrence of liabilities, total?
- Ecuador ranks 80th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in Ecuador?
- Over the last ten years it is down 68.2%. The long-run trend across the full record is falling.
- Where does this Ecuador data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.