Wages in Ecuador increased to 466.63 USD/Month in 2020 from 459.61 USD/Month in 2019. source: Banco Central del Ecuador

Wages in Ecuador averaged 359.63 USD/Month from 2007 until 2020, reaching an all time high of 466.63 USD/Month in 2020 and a record low of 198.26 USD/Month in 2007. This page provides - Ecuador Minimum Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Gross Average Nominal Monthly Wages - values, historical data and charts - was last updated on August of 2022.

Wages in Ecuador is expected to reach 466.00 USD/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Gross Average Nominal Monthly Wages is projected to trend around 475.00 USD/Month in 2021 and 480.00 USD/Month in 2022, according to our econometric models.

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Ecuador Gross Average Nominal Monthly Wages

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