Minimum Wages in Ecuador increased to 450 USD/Month in 2023 from 425 USD/Month in 2022. source: Banco Central del Ecuador

Minimum Wages in Ecuador averaged 276.09 USD/Month from 2001 until 2023, reaching an all time high of 450.00 USD/Month in 2023 and a record low of 85.70 USD/Month in 2001. This page provides - Ecuador Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Gross Minimum Monthly Wage - values, historical data and charts - was last updated on January of 2023.

Minimum Wages in Ecuador is expected to reach 440.00 USD/Month by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Gross Minimum Monthly Wage is projected to trend around 440.00 USD/Month in 2024, according to our econometric models.

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Ecuador Gross Minimum Monthly Wage

Related Last Previous Unit Reference
Unemployment Rate 4.70 5.30 percent Nov 2022
Wages 466.63 466.63 USD/Month Dec 2021
Minimum Wages 450.00 425.00 USD/Month Dec 2023
Labor Force Participation Rate 63.40 62.20 percent Jun 2022
Wages in Manufacturing 450.00 458.00 USD/Month Dec 2019