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Ecuador Wages: Minimum and Average

Ecuador Wages Data

Indicator Data Period
Minimum Wages 450 USD/Month 2023
Wages 525 USD/Month 2023
Wages in Manufacturing 450 USD/Month 4Q/19


Latest data on Minimum Wages (USD/Month)

Minimum Wages
                     Ecuador - Historical Data (USD/Month)

What is minimum wage in Ecuador?

  • Minimum Wages in Ecuador increased to 450 USD/Month in 2023. The maximum rate of minimum wage for employees was 400 USD/Month and minimum was 85.7 USD/Month.
  • Data published Yearly by Central Bank.

Historical Data (USD/Month) by years

Data
Period
Date
450 2023 10.01.2023
425 2022 30.06.2022
400 2020 10.05.2021
394 2019 04.07.2019


Historical Chart by presidents (USD/Month)

Minimum Wages in Ecuador by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Wages (USD/Month)

Wages
                     Ecuador - Historical Data (USD/Month)

What is average wage in Ecuador?

  • Average Wages in Ecuador remained unchanged at 525 USD/Month in 2023. The maximum rate of average wage for employees was 467 USD/Month and minimum was 198 USD/Month.
  • Data published Yearly by Central Bank.

Historical Data (USD/Month) by years

Data
Period
Date
525 2023 16.09.2023
525 2023 12.08.2023
525 2023 02.08.2023
496 2022 14.07.2023
467 2021 06.09.2022
467 2020 05.05.2020
450 2018 29.10.2019
437.44 2017 21.06.2018


Historical Chart by presidents (USD/Month)

Wages in Ecuador by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Lenin Moreno 24.05.2017 - 437.4400 437.4400 437.4400 437.4400 0.00%


Latest data on Wages in Manufacturing (USD/Month)

Wages in Manufacturing
                     Ecuador - Historical Data (USD/Month)

How much is average wage in manufacturing in Ecuador?

  • Average wages in manufacturing sector in Ecuador decreased to 450 USD/Month. The maximum level was 461 USD/Month and minimum was 220 USD/Month.
  • Data published Quarterly by Central Bank.

Historical Data (USD/Month) by years

Data
Period
Date
450 4Q/19 28.07.2021
450 2Q/19 29.10.2019
437 1Q/18 04.07.2019


Historical Chart by presidents (USD/Month)

Wages in Manufacturing in Ecuador by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Ecuador

Index Updated Actual Previous
Unemployment Rate 2Q/23 3.8 % 3.2
Labor Force Participation Rate 1Q/23 65.5 % 65.7

Wages in other countries

Country Updated Actual Previous
Panama 2021 1281.178 USD/Month 1251.127
Brazil Aug/23 583.299 USD/Month 581.319
Chile Jul/23 1127.866 USD/Month 1122.853
Argentina Jun/23 1304.847 USD/Month 865.597
Canada Jul/23 3492.535 USD/Month 3497.242
Ecuador 2023 525 USD/Month 525
Mexico Aug/23 630.058 USD/Month 632.413
Peru Aug/23 509.014 USD/Month 505.361
United States Sep/23 4649.6 USD/Month 4640
Uruguay 2020 934.779 USD/Month 876.975
Cuba 2021 148.738 USD/Month 46.369
Nicaragua Jun/23 324.932 USD/Month 324.111