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Ecuador Wages: Minimum and Average

Ecuador Wages Data

Indicator Data Period
Minimum Wages 400 USD/Month 2020
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 400 USD/Month in 2020. 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
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 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 4Q/20 6.1 % 8.6
Labor Force Participation Rate 1Q/21 61.8 % 61.4

Wages in other countries

Country Updated Actual Previous
Panama 2019 1208.879 USD/Month 1421.858
Brazil Mar/21 502.685 USD/Month 497.943
Chile Jan/21 1173.37 USD/Month 1156.913
Argentina Feb/21 832.65 USD/Month 826.53
Canada Mar/21 3638.281 USD/Month 3693.646
Ecuador 2020 467 USD/Month 460
Mexico Apr/21 450.826 USD/Month 449.772
Peru Apr/21 399.733 USD/Month 398.449
United States May/21 4096 USD/Month 4073.6
Uruguay 2019 799.545 USD/Month 735.763
Cuba 2019 34.136 USD/Month 30.175
Nicaragua Feb/21 314.926 USD/Month 314.926