Ecuador Unemployment Rate - Forecast

Unemployment Rate in Ecuador is expected to be 5.30 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 5.70 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.


Forecast Data Chart
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Ecuador Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.2 5.8 5.6 5.7 5.6 5.8
Wages 437 447 455 461 465 475
Population 16.78 17.04 17.1 17.17 17.24 17.83
Wages In Manufacturing 437 452 453 440 442 470
Labor Force Participation Rate 63.2 63.92 63.76 62.95 63.23 62.78
Minimum Wages 386 375 380 393 395 390
Employment Rate 94.79 94.81 94.8 94.88 94.87 94.89