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.