Ecuador Unemployment Rate

Unemployment Rate in Ecuador decreased to 5.60 percent in the second quarter of 2019 from 5.80 percent in the first quarter of 2019. Unemployment Rate in Ecuador averaged 7.25 percent from 2003 until 2019, reaching an all time high of 11.86 percent in the first quarter of 2004 and a record low of 4.54 percent in the fourth quarter of 2014.

Unemployment Rate in Ecuador is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Ecuador to stand at 5.40 in 12 months time. In the long-term, the Ecuador Unemployment Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.

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Ecuador Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	5.60	5.80	11.86	4.54	percent	[+]
Wages	450.26	437.44	450.26	198.26	USD/Month	[+]
Population	17.02	16.78	17.02	4.44	Million	[+]
Wages In Manufacturing	437.00	440.00	461.00	220.00	USD/Month	[+]
Labor Force Participation Rate	63.30	63.10	70.30	61.00	percent	[+]
Minimum Wages	394.00	386.00	394.00	85.70	USD/Month	[+]
Employment Rate	47.00	47.00	57.94	46.54	percent	[+]

In Ecuador, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Ecuador Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.60	5.80	11.86	4.54	2003 - 2019	percent	Quarterly

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Country	Last		Previous	Range
South Africa	29.00	Jun/19	27.6	31.2 : 21.5	%
Spain	14.02	Jun/19	14.7	26.94 : 4.41	%
Turkey	12.80	May/19	13	14.8 : 7.3	%
Brazil	12.00	Jun/19	12.3	13.7 : 6.2	%
Argentina	10.10	Mar/19	9.1	20.8 : 5.9	%
Italy	9.70	Jun/19	9.8	13.1 : 5.8	%
France	8.50	Jun/19	8.7	10.7 : 7.2	%
Euro Area	7.50	Jun/19	7.6	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Canada	5.70	Jul/19	5.5	13.1 : 2.9	%
Saudi Arabia	5.70	Mar/19	6	6.3 : 4.35	%
Australia	5.20	Jul/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.50	Jul/19	4.4	14.1 : 4.4	%
South Korea	4.00	Jul/19	4	7.1 : 3	%
United Kingdom	3.90	Jun/19	3.8	12 : 3.4	%
United States	3.70	Jul/19	3.7	10.8 : 2.5	%
China	3.61	Jun/19	3.67	4.3 : 3.61	%
Mexico	3.60	Jun/19	3.5	6.42 : 2.22	%
Netherlands	3.40	Jul/19	3.4	7.9 : 3.3	%
Germany	3.10	Jun/19	3.1	11.5 : 0.4	%
Japan	2.30	Jun/19	2.4	5.5 : 1	%
Singapore	2.20	Jun/19	2.2	6 : 1.4	%
Switzerland	2.10	Jul/19	2.1	5.7 : 1.5	%