Unemployment Rate in Ecuador increased to 5.90 percent in the third quarter of 2019 from 5.60 percent in the second quarter of 2019. Unemployment Rate in Ecuador averaged 7.23 percent from 2003 until 2019, reaching an all time high of 11.86 percent in the first quarter of 2004 and a record low of 4.54 percent in the fourth quarter of 2014. source: Banco Central del Ecuador

Unemployment Rate in Ecuador is expected to be 5.80 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 5.60 in 12 months time. In the long-term, the Ecuador Unemployment Rate is projected to trend around 5.60 percent in 2020, according to our econometric models.

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Ecuador Unemployment Rate
Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.90 5.60 11.86 4.54 percent [+]
Wages 450.26 437.44 450.26 198.26 USD/Month [+]
Population 17.02 16.78 17.02 4.44 Million [+]
Wages In Manufacturing 450.00 447.00 461.00 220.00 USD/Month [+]
Labor Force Participation Rate 64.60 63.30 70.30 61.00 percent [+]
Minimum Wages 394.00 386.00 394.00 85.70 USD/Month [+]
Employment Rate 47.30 47.00 57.94 46.54 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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.90 5.60 11.86 4.54 2003 - 2019 percent Quarterly




Country Last Previous
South Africa 29.10 Sep/19 29
Turkey 14.00 Aug/19 13.9
Spain 13.92 Sep/19 14.02
Brazil 11.60 Oct/19 11.8
Argentina 10.60 Jun/19 10.1
Italy 9.70 Oct/19 9.9
France 8.60 Sep/19 8.5
India 8.50 Oct/19 7.2
Euro Area 7.50 Oct/19 7.6
Canada 5.90 Nov/19 5.5
Saudi Arabia 5.60 Jun/19 5.7
Australia 5.30 Oct/19 5.2
Indonesia 5.28 Sep/19 5.01
Russia 4.60 Oct/19 4.5
United Kingdom 3.80 Sep/19 3.9
China 3.61 Sep/19 3.61
Mexico 3.60 Oct/19 3.8
South Korea 3.60 Nov/19 3.5
Netherlands 3.50 Oct/19 3.5
United States 3.50 Nov/19 3.6
Germany 3.10 Oct/19 3.1
Japan 2.40 Oct/19 2.4
Singapore 2.30 Sep/19 2.2
Switzerland 2.30 Nov/19 2.2


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