Monthly minimum wage, annual growth rate in Ecuador
Ecuador: Monthly minimum wage, annual growth rate was 4.44 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage, annual growth rate in Ecuador, 2002–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ecuador recorded 4.44 % change on previous year for monthly minimum wage, annual growth rate in 2024.
The figure is down 24.4% on the previous year and down 35.8% over ten years.
Over the whole period, monthly minimum wage, annual growth rate in Ecuador peaked at 17.65 % change on previous year in 2008 and was at its lowest, 0 % change on previous year, in 2021.
Ecuador ranks 77th of 168 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage, annual growth rate in Ecuador, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2002 | 9.32 % change on previous year | — |
| 2003 | 6.98 % change on previous year | -25.2% |
| 2004 | 4.35 % change on previous year | -37.7% |
| 2005 | 4.17 % change on previous year | -4.2% |
| 2006 | 6.67 % change on previous year | +60.0% |
| 2007 | 6.25 % change on previous year | -6.3% |
| 2008 | 17.65 % change on previous year | +182.4% |
| 2009 | 9 % change on previous year | -49.0% |
| 2010 | 10.09 % change on previous year | +12.1% |
| 2011 | 10 % change on previous year | -0.9% |
| 2012 | 10.61 % change on previous year | +6.1% |
| 2013 | 8.9 % change on previous year | -16.0% |
| 2014 | 6.92 % change on previous year | -22.3% |
| 2015 | 4.12 % change on previous year | -40.5% |
| 2016 | 3.39 % change on previous year | -17.7% |
| 2017 | 2.46 % change on previous year | -27.5% |
| 2018 | 2.93 % change on previous year | +19.3% |
| 2019 | 2.07 % change on previous year | -29.3% |
| 2020 | 1.52 % change on previous year | -26.5% |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 6.25 % change on previous year | — |
| 2023 | 5.88 % change on previous year | -5.9% |
| 2024 | 4.44 % change on previous year | -24.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.05 % change on previous year | 4.17 % change on previous year | 17.65 % change on previous year | 8 |
| 2010s | 6.15 % change on previous year | 2.07 % change on previous year | 10.61 % change on previous year | 10 |
| 2020s | 3.62 % change on previous year | 0 % change on previous year | 6.25 % change on previous year | 5 |
Countries ranked near Ecuador
- 74 Cameroon 5 % change on previous year compare
- 75 Ireland 4.78 % change on previous year compare
- 76 Greece 4.48 % change on previous year compare
- 78 Panama 4.43 % change on previous year compare
- 79 Netherlands 4.1 % change on previous year compare
- 80 Dominican Republic 4 % change on previous year 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 monthly minimum wage, annual growth rate in Ecuador?
- Monthly minimum wage, annual growth rate in Ecuador was 4.44 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage, annual growth rate recorded in Ecuador?
- The highest recorded value was 17.65 % change on previous year in 2008.
- What is the lowest monthly minimum wage, annual growth rate recorded in Ecuador?
- The lowest recorded value was 0 % change on previous year in 2021.
- How does Ecuador rank for monthly minimum wage, annual growth rate?
- Ecuador ranks 77th out of 168 countries with data for 2024.
- Is monthly minimum wage, annual growth rate rising or falling in Ecuador?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
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.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
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.