Unemployment Rate in Ecuador remained unchanged at 5.20 percent in the third quarter of 2018 from 5.20 percent in the second quarter of 2018. Unemployment Rate in Ecuador averaged 7.33 percent from 2003 until 2018, reaching an all time high of 11.86 percent in the first quarter of 2004 and a record low of 4.54 percent in the fourth quarter of 2014.

Unemployment Rate in Ecuador is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Ecuador to stand at 5.60 in 12 months time. In the long-term, the Ecuador Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

Ecuador Unemployment Rate
Forecast Data Chart
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Ecuador Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.86 4.54 percent [+]
Wages 437.44 426.92 437.44 198.26 USD/Month [+]
Population 16.78 16.53 16.78 4.44 Million [+]
Wages In Manufacturing 437.00 440.00 461.00 220.00 USD/Month [+]
Labor Force Participation Rate 65.20 63.20 70.30 61.00 percent [+]
Minimum Wages 386.00 375.00 386.00 85.70 USD/Month [+]
Employment Rate 48.77 47.64 57.94 46.54 percent [+]

Ecuador Unemployment Rate

In Ecuador, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Ecuador Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.20 11.86 4.54 2003 - 2018 percent Quarterly

Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18