🇪🇨 Ecuador
Public Sector Debt · 2026
Total Debt
51.2%
of GDP
Global Rank
#120
of 192
S&P Rating
B
Credit rating
SOE Debt
+1.0%
1 categories
5yr Change
-13pp
improving
Where the Debt Sits
Central Government
Central Government: 50.2%Energy SOEs: 1.0%
Full Debt Breakdown
Central Government50.2% of GDP
Central GovernmentIMF GGXWDG_NGDP (WEO 2025, no CG split)
50.2%Energy SOEs1.0% of GDP
PetroecuadorNRGI / IMF Ecuador Article IVState oil company. Pre-sales and debt from Ishpingo/ITT fields development.
1.0%Total Corporate Debt30.9% of GDP
NF corporate debt (est.)WB WDI 2020
30.9%Household Debt16.7% of GDP
Household debt (est.)WB WDI 2020
16.7%Unfunded Pension Liabilities45.0% of GDP
IESS pension unfunded (est.)OECD/World Bank; ISSA Ecuador 2022Replacement rate ~73%. Govt borrowed from IESS reserves.
45.0%All Layers Total143.8%
Credit Ratings
S&P
B
Moody's
Caa1
Fitch
B-
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