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)
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)
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)
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 |