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Ecuador Wages: Minimum and Average

Ecuador Wages Data

Indicator Data Period
Minimum Wages 394 USD/Month 2019
Wages 467 USD/Month 2020
Wages in Manufacturing 450 USD/Month 2Q/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 394 USD/Month in 2019. The maximum rate of minimum wage for employees was 394 USD/Month and minimum was 85.7 USD/Month.
  • Data published Yearly by Central Bank.

Historical Data (USD/Month) by years

Data
Period
Date
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 increased to 467 USD/Month in 2020. 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
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 increased 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 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 3Q/20 6.6 % 4.9
Labor Force Participation Rate 3Q/20 60.1 % 62.3

Wages in other countries

Country Updated Actual Previous
Panama 2019 1209.242 USD/Month 1422.284
Brazil Dec/20 447.741 USD/Month 449.527
Chile Aug/20 1127.827 USD/Month 1123.41
Argentina Jul/20 681.347 USD/Month 945.623
Canada Dec/20 3445.802 USD/Month 3428.222
Ecuador 2020 467 USD/Month 460
Mexico Jan/21 431.822 USD/Month 410.684
Peru Jan/21 432.065 USD/Month 427.953
United States Jan/21 4028.8 USD/Month 4024
Uruguay 2019 809.999 USD/Month 745.383
Cuba 2019 34.136 USD/Month 30.175
Nicaragua Aug/20 314.689 USD/Month 314.689