Ecuador vs El Salvador
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Ecuador | El Salvador | |
|---|---|---|
| BT-SFS score | 38.6 | 39.0 |
| Composite rating | B− | B− |
| Fiscal pillar | 59.4 | 49.2 |
| External pillar | 46.1 | 18.0 |
| Macro pillar | 63.8 | 64.7 |
| Institutions pillar | 16.7 | 27.1 |
| Benchmark bond | ECUA 6.9 35 | ELSALV 9.25 30 |
| Spread over Treasuries | 441 bps | 208 bps |
| Yield to worst | 8.56% | 6.23% |
| Duration | 5.1y | 2.4y |
Metric by metric
| Metric | Ecuador | El Salvador |
|---|---|---|
| Current account / GDP | 5.2% (89.6) | -3.3% (27.1) |
| International reserves, months of imports | 2.2 mo (13.3) | 2.1 mo (11.1) |
| General government debt / GDP | 54.4% (64.6) | 84.5% (20.8) |
| Interest expense / revenue | 3.2% (85.4) | 17.6% (37.5) |
| Primary balance / GDP | -1.7% (22.9) | 2.9% (95.8) |
| WGI institutional composite | -0.65 (16.7) | -0.49 (27.1) |
| Real GDP growth | 2.5% (35.4) | 3.3% (51.0) |
| GDP per capita, USD | $7,575 (43.8) | $6,196 (31.3) |
| Inflation stress | 2.9% (100.0) | 2.5% (100.0) |
Frequently asked questions
Who has stronger fundamentals, Ecuador or El Salvador?
El Salvador scores higher on the BT Sovereign Fundamentals Score: 38.6 (Ecuador) vs 39.0 (El Salvador), a gap of 0.4 points.
Whose USD bonds trade wider, Ecuador or El Salvador?
Ecuador trades wider: 441 bps (Ecuador) vs 208 bps (El Salvador) over US Treasuries — a 233 bps gap on near-5-year USD benchmarks.
Related
- Ecuador — full Ecuador profile: pillars, metrics, history.
- El Salvador — full El Salvador profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.