National Debt (% of GDP): Ecuador

Analysis# Ecuador National Debt (% of GDP) Ecuador's national debt stands at 53.8% of GDP in 2024, a substantial improvement from the all-time peak of 63.8% in 2001 but well above the historic low of 18.4% reached in 2010. Over the 23-year period, the country has reduced its debt burden by 15.7 percentage points, reflecting a long-term shift toward fiscal consolidation despite intermediate volatility. The trajectory reveals a critical inflection point in 2020, when debt spiked to 63.6% amid pandemic-related economic disruptions. Since that peak, Ecuador has pursued consistent debt reduction, declining for four consecutive years through 2024. The downward momentum suggests improving fiscal discipline, though current levels remain elevated relative to the low point of the previous decade, indicating ongoing pressure on the country's fiscal position.