Unemployment Rate in Ecuador increased to 4 percent in April from 3.60 percent in March of 2023. source: Banco Central del Ecuador

Unemployment Rate in Ecuador averaged 6.75 percent from 2003 until 2023, reaching an all time high of 11.86 percent in March of 2004 and a record low of 3.20 percent in December of 2022. 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 June of 2023.

Unemployment Rate in Ecuador is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Unemployment Rate is projected to trend around 4.00 percent in 2024, according to our econometric models.

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Ecuador Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 4.00 3.60 percent Apr 2023
Wages 466.63 466.63 USD/Month Dec 2021
Minimum Wages 450.00 425.00 USD/Month Dec 2023
Labor Force Participation Rate 65.70 63.40 percent Dec 2022
Wages in Manufacturing 450.00 458.00 USD/Month Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.60 11.86 3.20 2003 - 2023 percent Monthly