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 May 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.