Ecuador vs Panama: Monthly minimum wage, annual growth rate
Ecuador
4.44 % change on previous year
in 2024
Panama
4.43 % change on previous year
in 2024
Ecuador rank
77th
Panama rank
78th
Monthly minimum wage, annual growth rate over time
- Ecuador
- Panama
How they compare
Ecuador currently reports 4.44 % change on previous year against 4.43 % change on previous year in Panama, a difference of 0.01 % change on previous year.
The two have swapped places 12 times across 23 shared years of data; in 2002 it was Ecuador ahead.
Ecuador ranks 77th and Panama ranks 78th of 168 countries.
Ecuador has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Ecuador | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.05 % change on previous year | 2.43 % change on previous year | 5.61 % change on previous year | Ecuador |
| 2010s | 6.15 % change on previous year | 4.85 % change on previous year | 1.3 % change on previous year | Ecuador |
| 2020s | 3.62 % change on previous year | 1.07 % change on previous year | 2.55 % change on previous year | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, annual growth rate, Ecuador or Panama?
- Ecuador, at 4.44 % change on previous year against 4.43 % change on previous year in Panama as of 2024.
- What is the difference in monthly minimum wage, annual growth rate between Ecuador and Panama?
- 0.01 % change on previous year, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Panama?
- 23 years are reported by both, from 2002 to 2024.
- How do Ecuador and Panama rank globally for monthly minimum wage, annual growth rate?
- Ecuador ranks 77th and Panama ranks 78th of 168 countries.
- Where does this data come from?
- Statizoid (derived), published as Monthly minimum wage, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.