Unemployment Rate in Ecuador decreased to 6.10 percent in the fourth quarter of 2020 from 8.60 percent in the third quarter of 2020. source: Banco Central del Ecuador

Unemployment Rate in Ecuador averaged 7.33 percent from 2003 until 2020, reaching an all time high of 16.80 percent in the second quarter of 2020 and a record low of 4.54 percent in the fourth quarter of 2014. 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 - values, historical data and charts - was last updated on July of 2021.

Unemployment Rate in Ecuador is expected to be 6.40 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 5.80 in 12 months time. In the long-term, the Ecuador Unemployment Rate is projected to trend around 5.50 percent in 2022 and 5.20 percent in 2023, according to our econometric models.

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Ecuador Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.10 8.60 16.80 4.54 2003 - 2020 percent Quarterly

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 [+]

Ecuador Unemployment Rate
In Ecuador, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.