Labor Force Participation Rate in Ecuador decreased to 60.10 percent in the third quarter of 2020 from 62.30 percent in the fourth quarter of 2019. source: Banco Central del Ecuador

Labor Force Participation Rate in Ecuador averaged 64.40 percent from 2007 until 2020, reaching an all time high of 70.30 percent in the second quarter of 2007 and a record low of 60.10 percent in the third quarter of 2020. 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 February of 2021.

Labor Force Participation Rate in Ecuador is expected to be 61.00 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 62.30 in 12 months time. In the long-term, the Ecuador Labor Force Participation Rate is projected to trend around 62.80 percent in 2021 and 64.90 percent in 2022, according to our econometric models.

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Ecuador Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
60.10 62.30 70.30 60.10 2007 - 2020 percent Quarterly

Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.60 4.90 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 60.10 62.30 70.30 60.10 percent [+]
Minimum Wages 394.00 386.00 394.00 85.70 USD/Month [+]
Employment Rate 39.30 48.00 57.94 39.30 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.