Minimum Wages in Ecuador increased to 400 USD/Month in 2020 from 394 USD/Month in 2019. source: Banco Central del Ecuador

Minimum Wages in Ecuador averaged 253.76 USD/Month from 2001 until 2020, reaching an all time high of 400 USD/Month in 2020 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 July of 2021.

Minimum Wages in Ecuador is expected to reach 415.00 USD/Month by the end of 2021, 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 415.00 USD/Month in 2022, according to our econometric models.

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Ecuador Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
400.00 394.00 400.00 85.70 2001 - 2020 USD/Month Yearly

Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 8.60 16.80 4.54 percent [+]
Wages 466.63 459.61 466.63 198.26 USD/Month [+]
Population 17.56 17.27 17.56 4.44 Million [+]
Wages In Manufacturing 450.00 447.00 461.00 220.00 USD/Month [+]
Labor Force Participation Rate 61.80 61.40 70.30 60.10 percent [+]
Minimum Wages 400.00 394.00 400.00 85.70 USD/Month [+]
Employment Rate 37.40 39.30 57.94 20.20 percent [+]