Ecuador is about 66th percentile by economy size, with a GDP of about $100bil.

So Ecuador is producing $100bil in value, which is similar to the total volume of transactions on the Bitcoin network.

So using less energy, Ecuador produces more economic value than Bitcoin can even move.

That sounds like Bitcoin is wildly inefficient, in that it can't transmit stored value for less than that value costs to generate in power:

It would be more efficient to use the power to create more wealth than transmit it with Bitcoin!