Unemployment Rate in Ecuador decreased to 6.60 percent in the third quarter of 2021 from 7.40 percent in the second quarter of 2021. source: Banco Central del Ecuador

Unemployment Rate in Ecuador averaged 7.34 percent from 2003 until 2021, reaching an all time high of 16.80 percent in the second quarter of 2020 and a record low of 4.54 percent in the fourth quarter of 2014. 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 - values, historical data and charts - was last updated on August of 2022.

Unemployment Rate in Ecuador is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Unemployment Rate is projected to trend around 4.00 percent in 2023, according to our econometric models.

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Ecuador Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 6.60 7.40 percent Sep 2021
Wages 466.63 459.61 USD/Month Dec 2020
Minimum Wages 425.00 400.00 USD/Month Dec 2022
Labor Force Participation Rate 63.00 62.40 percent Sep 2021
Wages In Manufacturing 450.00 458.00 USD/Month Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 7.40 16.80 4.54 2003 - 2021 percent Quarterly