Statement:
Armenia has lower GDP than Ecuador

In the Richest countries rating Armenia holds position #111 ²⁰²⁰ out of 191 and Ecuador is #98 out of 191 ²⁰²⁰.
Position of Armenia is worse than position of Ecuador.

Referencies:

1. Richest countries ²⁰²⁰ by World Bank

   The countries in the rating sorted by 'GDP per capita (current US$)' in descending order.

   Armenia	'GDP per capita (current US$)' value is	4,266.02
   Ecuador	'GDP per capita (current US$)' value is	5,627.77