Minimum Wages in Ecuador increased to 394 USD/Month in 2019 from 386 USD/Month in 2018. source: Banco Central del Ecuador
Minimum Wages in Ecuador averaged 246.06 USD/Month from 2001 until 2019, reaching an all time high of 394 USD/Month in 2019 and a record low of 85.70 USD/Month in 2001. This page provides - Ecuador Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Gross Minimum Monthly Wage - values, historical data and charts - was last updated on November of 2020.
Minimum Wages in Ecuador is expected to reach 405.00 USD/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Gross Minimum Monthly Wage is projected to trend around 415.00 USD/Month in 2021, according to our econometric models.