Employment Rate in Ecuador increased to 48.02 percent in the fourth quarter of 2019 from 47.30 percent in the third quarter of 2019.

Employment Rate in Ecuador averaged 51.16 percent from 2007 until 2019, reaching an all time high of 57.94 percent in the second quarter of 2014 and a record low of 46.54 percent in the first quarter of 2010. This page provides - Ecuador Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Employment Rate - values, historical data and charts - was last updated on October of 2020.

Employment Rate in Ecuador is expected to be 46.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Ecuador to stand at 47.00 in 12 months time. In the long-term, the Ecuador Employment Rate is projected to trend around 47.40 percent in 2021 and 48.50 percent in 2022, according to our econometric models.

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Ecuador Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
48.02 47.30 57.94 46.54 2007 - 2019 percent Quarterly

Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.90 11.86 4.54 percent [+]
Wages 466.63 459.61 466.63 198.26 USD/Month [+]
Population 17.27 17.02 17.27 4.44 Million [+]
Wages In Manufacturing 450.00 447.00 461.00 220.00 USD/Month [+]
Labor Force Participation Rate 62.30 64.60 70.30 61.00 percent [+]
Minimum Wages 394.00 386.00 394.00 85.70 USD/Month [+]
Employment Rate 48.02 47.30 57.94 46.54 percent [+]

Ecuador Employment Rate
In Ecuador, the employment rate measures the number of people who have a job as a percentage of the labour force.