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Ecuador Wages: Minimum and Average

Ecuador Wages Data

Indicator Data Period
Minimum Wages 425 USD/Month 2022
Wages 467 USD/Month 2021
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 425 USD/Month in 2022. 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
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 467 USD/Month in 2021. 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 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/22 5.4 % 6.7
Labor Force Participation Rate 2Q/22 63.4 % 62.2

Wages in other countries

Country Updated Actual Previous
Panama 2021 1279.512 USD/Month 1249.5
Brazil Sep/22 505.906 USD/Month 501.469
Chile Sep/22 1046.178 USD/Month 1036.983
Argentina Jun/22 1275.81 USD/Month 873.929
Canada Aug/22 3388.379 USD/Month 3368.082
Ecuador 2021 467 USD/Month 467
Mexico Oct/22 521.182 USD/Month 522.267
Peru Oct/22 458.692 USD/Month 452.213
United States Oct/22 4457.6 USD/Month 4443.2
Uruguay 2020 941.157 USD/Month 882.959
Cuba 2021 148.738 USD/Month 46.369
Nicaragua Aug/22 310.168 USD/Month 310.168