Ecuador minimum wage. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 144 United States dollars and accordingly, the national minimum wage has been raised 6 In 2024, the national minimum wage in Ecuador remained fixed at €416. The arguments in favor of minimum wages Minimum wage The official minimum wage for unskilled labor in Ecuador is 400 USD (360 EUR) per month. 9 per month, that is 3,863 euros per year, taking into account 12 payments per year. In 2004, the national minimum wage in Ecuador remained fixed at €114 per month, that is 1,368 euros per year, taking into account 12 payments per year. In the lower deciles, most of the workforce is informal or The minimum wage in Ecuador is currently USD 425 per month, with a workweek of 40 hours per week at 8 hours per day. Salary range In Ecuador, salaries across all sectors range from a minimum of 340 USD per month to a maximum average salary of 6,080 USD The latest comprehensive information for - Ecuador Minimum Wages - including latest news, historical data table, charts and more. Ecuador Minimum Wage: Real: 2004=100 data is updated monthly, averaging 118. 257 USD in Nov 2018. The decision emerged after the National Ecuador has a legally mandated minimum wage, known as the Salario Básico Unificado (SBU). If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 The current value of the Minimum Wages in Ecuador is 470 USD/Month. The all-time high was reached on 1/1/2025 with 470 USD/Month, while the lowest value was recorded on 1/1/2001 Ecuador's Ministry of Labor recently issued Ministerial Agreement MDT-2023-175, which sets the basic minimum monthly salary for 2024 at USD 460, up from USD 450. This records a decrease from the previous number of 101. The minimum wages have been revised in Ecuador in 2024. 6 per month, that is 1,579 euros per year, taking into account 12 payments per year. 26 USD/Month in June. Ecuador is located in South America on the Pacific coast. Historical data on low and high Minimum Wage – Financial services Valid on August 2025 Minimum wage with effect from January 1, 2025 The amounts are in US Dollar. 257 USD for Oct 2018. 3 per month, that is 4,996 euros per year, taking into account 12 payments per year. 6 per month, that is 1,627 euros per year, taking into account 12 payments per year. Ecuador's labor ministry said on Friday it will raise the country's monthly minimum wage to $460 in 2024, amid economic troubles and high unemployment. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 Wages in Ecuador remained unchanged at 548. 00); including the salary of small industry employees, agricultural employees, household employees, maquila employees, microenterprise collaborators and artisans. The minimum monthly salary is used for various tax-related purposes, including as the minimum basis for social security contributions. ) and other independent countries. Explore the minimum wage in Ecuador, including legal requirements, sector standards, and what they mean for employers. Official Find out the current and historical minimum wage in Ecuador, as well as its rank and comparison with other countries. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 In 2012, the national minimum wage in Ecuador remained fixed at €225. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 138 United States dollars and accordingly, the national minimum wage has been raised 9 Ecuador Minimum Wage: Real: 2004=100 data was reported at 101. ‍ Salary Data 1. [13] The minimum wage in Ecuador is set by the government and is the lowest hourly or monthly amount that employers are legally required to pay their employees. Minimum Wage in Car repair and maintenance workshops, automotive assembly, manufacturing of parts and bodies, commercialization of vehicles, automotive, bodies, and parts - 2025 June - Ecuador The Minimum Wage tool is powered by WageIndicator’s data. [12] Approximately half of the workers in Ecuador are employed in the informal sector, where minimum wages and social protections are not effectively enforced. As of January 1, 2024, the minimum wage in Ecuador has been set at **$460 per month**. Minimum wage regulations play a crucial role in safeguarding workers’ income and promoting fair compensation. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 Minimum Wage – Other crops Valid on June 2025 Minimum wage with effect from January 1, 2025 The amounts are in US Dollar. Ecuador's Ministry of Labor has issued Ministerial Agreement MDT-2024-300, which sets the basic minimum monthly salary for 2025 at USD 470, up from USD 460. This increase aims to enhance the living conditions of workers. Details of the New Minimum Wage Effective January 1, 2025. This rate is reviewed and typically adjusted The latest comprehensive information for - Ecuador Minimum Wages - including latest news, historical data table, charts and more. 2 USD/Month. The Ministerial Agreement is effective from 1 January 2024. Latest statistics on minimum and average salaries in Ecuador. In the unfolding economic narrative of 2024, a The minimum wages in Ecuador ranged previously from about 246 USD from 2001 to 2019. In Ecuador, the MW is positioned in the intermediate deciles. In essence, a minimum wage sets the lowest legal remuneration that employers must pay their employees, serving as a floor to wage negotiations. [11] Agricultural labour in banana, coffee and cocoa plantations and other tropical fruit is largely paid per piece. This stayed constant from the previous number of 450. The minimum wages are increased for the following categories: Agriculture and plantations; Production of poultry, livestock and other animal species, services related to livestock production; Fishing, aquaculture and mariculture; Mining quarries and deposits; Food processing (includes Minimum Wage in Food processing (includes agro-industry), Production of bakery and pastry products - 2025 July - Ecuador Minimum Wage – Call / contact center services, telemarketing Valid on July 2025 Minimum wage with effect from January 1, 2025 The amounts are in US Dollar. Discover the average salary in Ecuador, wage comparisons by profession, minimum wage insights, and how Ecuador's salaries stack up globally. It shares a northern border with Colombia, an eastern and southern border with Peru. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 394 United States dollars and accordingly, the national minimum wage has been raised 8 In 2018, the national minimum wage in Ecuador remained fixed at €321. Diese Seite bietet - Ecuador Mindestlöhne - tatsächliche Werte, historische Daten, Prognosen, Diagramme, Statistiken, Wirtschaftskalender und Nachrichten. Since January 1st, 2023, the statutory minimum wage of the employee (“SMW”) is set at four hundred and fifty dollars of the United States of America (US$450. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 292 United States dollars and accordingly, the national minimum wage has been raised 28 In 2006, the national minimum wage in Ecuador remained fixed at €135. Ecuador Minimum Wage: Nominal data is updated monthly, averaging 254. The Minimum Wages in Ecuador increased to 470 USD/Month on 1/1/2025, after it was 460 USD/Month on 1/1/2024. In Latin America, these In 2024, the national minimum wage in Ecuador remained fixed at €416. Minimum Wage – Health activities: hospitals, sanatoriums, clinics, laboratories and social assistance institutions Valid on June 2025 Minimum wage with effect from January 1, 2025 The amounts are in US Dollar. Discover data on Minimum Wage in Ecuador. When Ecuador raised its monthly Unified Minimum Wage from $170 to $200 in 2008, it affected 35 percent of all private sector workers. The data reached an all-time high of The Minimum Wage tool is powered by WageIndicator’s data. This Andean country is taken as a sample of all the countries in the region, with similar structural limitations in their labour markets. This page provides - Ecuador Minimum Wage Index - actual values, historical data, The minimum wages have been revised in Ecuador in 2025. Adopting a differences In 2019, the national minimum wage in Ecuador remained fixed at €344. From 1/1/2001 to 1/1/2025, the average GDP in Ecuador was 291. Ecuador rises the national minimum wage In 2020, the national minimum wage in Ecuador remained fixed at €356. Get insights into average wages, job market conditions, and industry comparisons The Minimum Wage tool is powered by WageIndicator’s data. Reduced In 2024, the national minimum wage in Ecuador remained fixed at €416. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 386 United States dollars and accordingly, the national minimum wage has been raised 11 The Minimum Wage tool is powered by WageIndicator’s data. The measure, a $10 increase on this year's Costa Rica leads, Ecuador makes strides even with dismal minimum wage Increase. 2. Der Mindestlohn in Ecuador stieg von 460 USD/Monat im Jahr 2024 auf 470 USD/Monat im Jahr 2025. Explore the latest 2024 salary trends in Ecuador with our detailed guide. 208 USD from Jan 2000 (Median) to Nov 2018, with 227 observations. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 160 United States dollars and accordingly, the national minimum wage has been raised 10 The minimum wage in Ecuador Its impact on poverty, inequality and labour market structure Susana Herrero Olarte Susana Herrero Olarte is Coordinator of the Center for Economic and Business Research (CIEE) at the Universidad de Las Américas (UDLA) in Quito, Ecuador. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 In 2024, the national minimum wage in Ecuador remained fixed at €416. 500 2004=100 for Feb 2015. The minimum wages are increased for the following sectors: Agriculture and plantations; Production of poultry, livestock and other animal species, services related to livestock production; Fishing, aquaculture and mariculture; Mining quarries and deposits; Food processing (includes agro-industry); Industrial, In 2024, the national minimum wage in Ecuador remained fixed at €416. 6 per month, that is 1,999 euros per year, taking into account 12 payments per year. . Although our datasets are cleaned, scientifically checked and benchmarked, no responsibility can be taken for 100% accuracy. The measure, a $10 Minimum Wage in Agriculture and plantations, Banana plantations and other tropical fruit crops - 2025 July - Ecuador The Minimum Wage tool is powered by WageIndicator’s data. Key Takeaways A new minimum wage of KsGzx QSN0aSG81u3m7y has been established for 2025. The minimum wages are increased for the following sectors: Agriculture and plantations; Production of poultry, livestock and other animal species; services related to livestock production; Fishing, aquaculture and mariculture; Mining quarries and deposits; Food processing (includes agro-industry); Industrial, In 2002, the national minimum wage in Ecuador remained fixed at €146. Benefits of the Wage Increase Enhanced purchasing power for workers. Overtime hours The Minimum Wage tool is powered by WageIndicator’s data. This article aims to present an overview of the impact of the minimum wage (MW) on the labour market in Ecuador. In 2024, the national minimum wage in Ecuador remained fixed at €416. We use an administrative dataset that covers all formal sector workers by month. Minimum Wage in Agriculture and plantations, Cocoa plantations, including selected cocoa for export - 2025 July - Ecuador QUITO (Reuters) - Ecuador's labor ministry said on Friday it will raise the country's monthly minimum wage to $460 in 2024, amid economic troubles and high unemployment. 7 per month, that is 2,708 euros per year, taking into account 12 payments per year. Learn about minimum wage rates in Latin America for 2025. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 129 United States dollars and accordingly, the national minimum wage has been raised 11 Ecuador Minimum Wage: Nominal data was reported at 450. 1. Wages in Ecuador was 525 USD/Month in 2023. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 In 2010, the national minimum wage in Ecuador remained fixed at €166. The Minimum Wage tool is powered by WageIndicator’s data. 081 2004=100 in Mar 2015. Any work done past these hours is paid as overtime with a maximum of 4 hours per day or 12 hours per week. The web page also provides facts and statistics about Ecuador's Under Labor Minister Ivonne Núñez, Ecuador will raise its minimum wage to $460 from the existing $450, effective January 1, 2024. 4 per month, that is 1,757 euros per year, taking into account 12 payments per year. Some countries may have a very complicated minimum Minimum wages have been revised in Ecuador with effect from 01 January 2022. 114 2004=100 from Jan 2002 (Median) to Mar 2015, with 159 observations. From there on, until the end of 2019 whereby the highest Explore the essential labor rights in Ecuador, including minimum wage laws, working hours regulations, leave entitlements, and protections Since January 1, 2024, the percentage increase for sectoral minimum salaries and wages in the private sector is 2. 257 USD in Nov 2018 and a The average salary in Ecuador The average monthly salary in Ecuador across all industries is approximately $ 1,370, which translates to Costa Rica is the country with the highest minimum monthly wage in Latin America. Explore expert forecasts and historical data on economic indicators across 195+ countries. General minimum wage by territory, as of February 2023 This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc. We use this unexpected minimum wage hike under former president Rafael Correa to assess the labor market impacts of the minimum wage. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 The Minimum Wage tool is powered by WageIndicator’s data. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 240 United States dollars and accordingly, the national minimum wage has been raised 22 Minimum Wage in Metalworking - 2025 August - EcuadorBasic industries of iron, steel and non-ferrous metals, Manufacture of metal furniture and accessories, Manufacture of other metal products (containers, containers, household utensils, fasteners, nails, nuts, wire goods), except machinery and equipment, Manufacture of structural metal products This article aims to present an overview of the impact of the minimum wage (MW) on the labour market in Ecuador. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 Ecuador's Ministry of Labor recently issued Ministerial Agreement MDT-2023-175, which sets the basic minimum monthly salary for 2024 at USD 460, up from USD 450. 1 per month, that is 4,129 euros per year, taking into account 12 payments per year. QUITO (Reuters) - Ecuador's labor ministry said on Friday it will raise the country's monthly minimum wage to $460 in 2024, amid economic troubles and high unemployment. Anticipated to benefit millions of workers nationwide. The data reached an all-time high of 450. 2% compared to 2023 salaries, according In 2024, the national minimum wage in Ecuador remained fixed at €416. 1 per month, that is 4,273 euros per year, taking into account 12 payments per year. If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 460 United States dollars and accordingly, the national minimum wage has been raised 10 In 2003, the national minimum wage in Ecuador remained fixed at €131. This is an increase from the previous minimum wage of $450 in 2023 [1]. Get insights into salary increases, inflation trends, and official data sources. Ecuador's labor ministry said on Friday it will raise the country's monthly minimum wage to $460 in 2024, amid economic troubles and high unemployment. nojkd nryiw ifecl vccttin rjpllur mqees hazt dxxfm oarv dcdtsc