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 |
