Minimum Wages in Ecuador increased to 400 USD/Month in 2020 from 394 USD/Month in 2019. source: Banco Central del Ecuador

Minimum Wages in Ecuador averaged 253.76 USD/Month from 2001 until 2020, reaching an all time high of 400 USD/Month in 2020 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 December of 2021.

Minimum Wages in Ecuador is expected to reach 415.00 USD/Month by the end of 2021, 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 2022, according to our econometric models.

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Ecuador Gross Minimum Monthly Wage

Related Last Previous Unit Reference
Unemployment Rate 6.60 7.40 percent Sep/21
Wages 466.63 459.61 USD/Month Dec/20
Labor Force Participation Rate 63.00 62.40 percent Sep/21
Minimum Wages 400.00 394.00 USD/Month Dec/20
Wages In Manufacturing 450.00 458.00 USD/Month Dec/19