Minimum Wages in Ecuador increased to 394 USD/Month in 2019 from 386 USD/Month in 2018.

Minimum Wages in Ecuador averaged 246.06 USD/Month from 2001 until 2019, reaching an all time high of 394 USD/Month in 2019 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 October of 2020. source: Banco Central del Ecuador

Minimum Wages in Ecuador is expected to reach 405.00 USD/Month by the end of 2020, 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 2021, according to our econometric models.

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Ecuador Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
394.00 386.00 394.00 85.70 2001 - 2019 USD/Month Yearly

Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.90 11.86 4.54 percent [+]
Wages 466.63 459.61 466.63 198.26 USD/Month [+]
Population 17.27 17.02 17.27 4.44 Million [+]
Wages In Manufacturing 450.00 447.00 461.00 220.00 USD/Month [+]
Labor Force Participation Rate 62.30 64.60 70.30 61.00 percent [+]
Minimum Wages 394.00 386.00 394.00 85.70 USD/Month [+]
Employment Rate 48.02 47.30 57.94 46.54 percent [+]