Monthly minimum wage in Ecuador
Ecuador: Monthly minimum wage was 470 in 2024. ▲ Rising
Monthly minimum wage in Ecuador, 2001–2024
Source: International Labour Organization.
Analysis
In 2024, monthly minimum wage in Ecuador stood at 470. That is the highest value across all 24 years on record.
The figure is up 4.4% on the previous year and up 38.2% over ten years.
Over the whole period, monthly minimum wage in Ecuador peaked at 470 in 2024 and was at its lowest, 118, in 2001.
Ecuador ranks 156th of 173 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Monthly minimum wage in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 118 | — |
| 2002 | 129 | +9.3% |
| 2003 | 138 | +7.0% |
| 2004 | 144 | +4.3% |
| 2005 | 150 | +4.2% |
| 2006 | 160 | +6.7% |
| 2007 | 170 | +6.2% |
| 2008 | 200 | +17.6% |
| 2009 | 218 | +9.0% |
| 2010 | 240 | +10.1% |
| 2011 | 264 | +10.0% |
| 2012 | 292 | +10.6% |
| 2013 | 318 | +8.9% |
| 2014 | 340 | +6.9% |
| 2015 | 354 | +4.1% |
| 2016 | 366 | +3.4% |
| 2017 | 375 | +2.5% |
| 2018 | 386 | +2.9% |
| 2019 | 394 | +2.1% |
| 2020 | 400 | +1.5% |
| 2021 | 400 | +0.0% |
| 2022 | 425 | +6.2% |
| 2023 | 450 | +5.9% |
| 2024 | 470 | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 158.56 | 118 | 218 | 9 |
| 2010s | 332.9 | 240 | 394 | 10 |
| 2020s | 429 | 400 | 470 | 5 |
Countries ranked near Ecuador
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 in Ecuador?
- Monthly minimum wage in Ecuador was 470 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Ecuador?
- The highest recorded value was 470 in 2024.
- What is the lowest monthly minimum wage recorded in Ecuador?
- The lowest recorded value was 118 in 2001.
- How does Ecuador rank for monthly minimum wage?
- Ecuador ranks 156th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Ecuador?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is rising.
- Where does this Ecuador data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.