Labor Force Participation Rate in Ecuador decreased to 62.30 percent in the fourth quarter of 2019 from 64.60 percent in the third quarter of 2019.

Labor Force Participation Rate in Ecuador averaged 64.48 percent from 2007 until 2019, reaching an all time high of 70.30 percent in the second quarter of 2007 and a record low of 61 percent in the fourth quarter of 2013. This page provides - Ecuador Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Labor Force Participation Rate - values, historical data and charts - was last updated on July of 2020.

Labor Force Participation Rate in Ecuador is expected to be 64.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Ecuador to stand at 64.70 in 12 months time. In the long-term, the Ecuador Labor Force Participation Rate is projected to trend around 64.90 percent in 2021, according to our econometric models.

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Ecuador Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.30 64.60 70.30 61.00 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 Labor Force Participation Rate
The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.