Average hourly labour cost per employee - Discontinued in Ecuador
Ecuador: Average hourly labour cost per employee - Discontinued was 3.44 in 2015. ▼ Falling
Average hourly labour cost per employee - Discontinued in Ecuador, 2011–2015
Source: International Labour Organization.
Analysis
Ecuador recorded 3.44 for average hourly labour cost per employee - discontinued in 2015.
The figure is up 11.3% on the previous year and down 66.3% over five years.
Ecuador ranks 28th of 28 countries on this measure, in the bottom quarter.
Average hourly labour cost per employee - Discontinued in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 10.2 | — |
| 2012 | 10.99 | +7.7% |
| 2013 | 12.31 | +12.0% |
| 2014 | 3.09 | -74.9% |
| 2015 | 3.44 | +11.3% |
Ecuador compared with similar countries
- Ecuador's 3.44 is below the median for upper middle income countries, which is 8.75, 39% of the median. (5 countries reporting)
Countries ranked near Ecuador
- 25 Bulgaria 12 compare
- 26 Peru 8.75
- 27 Azerbaijan 7.64 compare
More work & labour data for Ecuador
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.578 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.567 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.589 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.04 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.13 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 17,174 1000 No (2050)
- Population - Est. & Proj. — Rural population 5,794 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 9,543 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 9,549 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 19,092 1000 No (2100)
Frequently asked questions
- What is average hourly labour cost per employee - discontinued in Ecuador?
- Average hourly labour cost per employee - discontinued in Ecuador was 3.44 in 2015, according to International Labour Organization.
- What is the highest average hourly labour cost per employee - discontinued recorded in Ecuador?
- The highest recorded value was 12.31 in 2013.
- What is the lowest average hourly labour cost per employee - discontinued recorded in Ecuador?
- The lowest recorded value was 3.09 in 2014.
- How does Ecuador rank for average hourly labour cost per employee - discontinued?
- Ecuador ranks 28th out of 28 countries with data for 2015.
- Where does this Ecuador data come from?
- The figures come from International Labour Organization, published as part of Average hourly labour cost per employee - Discontinued (Local currency). Statizoid updates them automatically from the source API.
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About this data
Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.