Wages in Ecuador remained unchanged at 548.26 USD/Month in October. This dataset provides - Ecuador Minimum Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador Median Monthly Wage data was reported at 445.000 USD in Mar 2019. This records an increase from the previous number of 441.000 USD for Dec 2018. Ecuador Median Monthly Wage data is updated quarterly, averaging 395.500 USD from Jun 2007 (Median) to Mar 2019, with 48 observations. The data reached an all-time high of 460.000 USD in Sep 2015 and a record low of 225.000 USD in Mar 2008. Ecuador Median Monthly Wage data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Ecuador Median Monthly Wage: 5 Cities: Armed Forces data was reported at 1,400.000 USD in Jun 2019. This records an increase from the previous number of 1,275.000 USD for Mar 2019. Ecuador Median Monthly Wage: 5 Cities: Armed Forces data is updated quarterly, averaging 1,202.500 USD from Sep 2007 (Median) to Jun 2019, with 48 observations. The data reached an all-time high of 1,504.000 USD in Sep 2018 and a record low of 760.000 USD in Sep 2007. Ecuador Median Monthly Wage: 5 Cities: Armed Forces data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G041: Median Monthly Wage.

Ecuador Median Monthly Wage: 5 Cities: Qualified Agriculture & Fishing Work data was reported at 300.000 USD in Jun 2019. This records an increase from the previous number of 280.000 USD for Mar 2019. Ecuador Median Monthly Wage: 5 Cities: Qualified Agriculture & Fishing Work data is updated quarterly, averaging 280.000 USD from Sep 2007 (Median) to Jun 2019, with 48 observations. The data reached an all-time high of 380.000 USD in Sep 2014 and a record low of 110.000 USD in Jun 2009. Ecuador Median Monthly Wage: 5 Cities: Qualified Agriculture & Fishing Work data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G041: Median Monthly Wage.

Ecuador Median Monthly Wage: 5 Cities: Operative Officers & Craftsmen data was reported at 400.000 USD in Jun 2019. This records an increase from the previous number of 398.000 USD for Mar 2019. Ecuador Median Monthly Wage: 5 Cities: Operative Officers & Craftsmen data is updated quarterly, averaging 350.000 USD from Sep 2007 (Median) to Jun 2019, with 48 observations. The data reached an all-time high of 415.000 USD in Mar 2015 and a record low of 220.000 USD in Dec 2007. Ecuador Median Monthly Wage: 5 Cities: Operative Officers & Craftsmen data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G041: Median Monthly Wage.

Ecuador Median Monthly Wage: Activities of Administrative & Support Services data was reported at 450.000 USD in Sep 2018. This records an increase from the previous number of 441.000 USD for Jun 2018. Ecuador Median Monthly Wage: Activities of Administrative & Support Services data is updated quarterly, averaging 392.500 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 468.000 USD in Sep 2015 and a record low of 215.000 USD in Dec 2007. Ecuador Median Monthly Wage: Activities of Administrative & Support Services data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

Median Monthly Wage: Activities of Extraterritorial Organizations & Bodies data was reported at 768.000 USD in Mar 2018. This records a decrease from the previous number of 1,195.000 USD for Dec 2017. Median Monthly Wage: Activities of Extraterritorial Organizations & Bodies data is updated quarterly, averaging 608.000 USD from Jun 2007 (Median) to Mar 2018, with 44 observations. The data reached an all-time high of 3,000.000 USD in Dec 2009 and a record low of 0.000 USD in Jun 2017. Median Monthly Wage: Activities of Extraterritorial Organizations & Bodies data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Ecuador Median Monthly Wage: Other data was reported at 0.000 USD in Sep 2018. This records a decrease from the previous number of 365.000 USD for Jun 2018. Ecuador Median Monthly Wage: Other data is updated quarterly, averaging 0.000 USD from Jun 2007 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 1,000.000 USD in Mar 2008 and a record low of 0.000 USD in Sep 2018. Ecuador Median Monthly Wage: Other data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

According to a recent study, Colombia had the lowest monthly cost of living in Latin America with 546 U.S. dollars needed for basic living. In contrast, four countries had a cost of living above one thousand dollars, Costa Rica, Chile, Panama and Uruguay. In 2022, the highest minimum wage in the region was recorded by Ecuador with 425 dollars per month.

Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 22 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2022, the average net monthly salary in Brazil was lower than Ecuador's minimum wage.

What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work more than two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Ecuador Median Monthly Wage: Real Estate Activities data was reported at 650.000 USD in Sep 2018. This records an increase from the previous number of 450.000 USD for Jun 2018. Ecuador Median Monthly Wage: Real Estate Activities data is updated quarterly, averaging 430.500 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 650.000 USD in Sep 2018 and a record low of 200.000 USD in Jun 2008. Ecuador Median Monthly Wage: Real Estate Activities data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

Ecuador Median Monthly Wage: Financial & Insurance Activities data was reported at 600.000 USD in Mar 2018. This records a decrease from the previous number of 870.000 USD for Dec 2017. Ecuador Median Monthly Wage: Financial & Insurance Activities data is updated quarterly, averaging 639.500 USD from Jun 2007 (Median) to Mar 2018, with 44 observations. The data reached an all-time high of 1,000.000 USD in Sep 2016 and a record low of 380.000 USD in Mar 2008. Ecuador Median Monthly Wage: Financial & Insurance Activities data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Ecuador Median Monthly Wage: Transportation & Storage data was reported at 450.000 USD in Sep 2018. This stayed constant from the previous number of 450.000 USD for Jun 2018. Ecuador Median Monthly Wage: Transportation & Storage data is updated quarterly, averaging 404.000 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 480.000 USD in Jun 2016 and a record low of 280.000 USD in Mar 2008. Ecuador Median Monthly Wage: Transportation & Storage data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

Ecuador Median Monthly Wage: Human Health Care & Social Assistance Activities data was reported at 663.000 USD in Mar 2018. This records a decrease from the previous number of 678.000 USD for Dec 2017. Ecuador Median Monthly Wage: Human Health Care & Social Assistance Activities data is updated quarterly, averaging 565.500 USD from Jun 2007 (Median) to Mar 2018, with 44 observations. The data reached an all-time high of 800.000 USD in Sep 2017 and a record low of 350.000 USD in Mar 2008. Ecuador Median Monthly Wage: Human Health Care & Social Assistance Activities data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Ecuador Median Monthly Wage: 5 Cities: Installation Operators Machines & Montad data was reported at 500.000 USD in Jun 2019. This records an increase from the previous number of 485.000 USD for Mar 2019. Ecuador Median Monthly Wage: 5 Cities: Installation Operators Machines & Montad data is updated quarterly, averaging 447.500 USD from Sep 2007 (Median) to Jun 2019, with 48 observations. The data reached an all-time high of 500.000 USD in Jun 2019 and a record low of 298.000 USD in Dec 2007. Ecuador Median Monthly Wage: 5 Cities: Installation Operators Machines & Montad data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G041: Median Monthly Wage.

Ecuador Median Monthly Wage: Activities of Households as Employers as Producers of Goods & Services for their Own Use data was reported at 390.000 USD in Mar 2018. This records an increase from the previous number of 372.000 USD for Dec 2017. Ecuador Median Monthly Wage: Activities of Households as Employers as Producers of Goods & Services for their Own Use data is updated quarterly, averaging 318.500 USD from Jun 2007 (Median) to Mar 2018, with 44 observations. The data reached an all-time high of 401.000 USD in Sep 2015 and a record low of 150.000 USD in Jun 2007. Ecuador Median Monthly Wage: Activities of Households as Employers as Producers of Goods & Services for their Own Use data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Ecuador Median Monthly Wage: Accommodation & Meal Service Activities data was reported at 410.000 USD in Sep 2018. This records an increase from the previous number of 407.000 USD for Jun 2018. Ecuador Median Monthly Wage: Accommodation & Meal Service Activities data is updated quarterly, averaging 349.000 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 415.000 USD in Jun 2016 and a record low of 200.000 USD in Sep 2007. Ecuador Median Monthly Wage: Accommodation & Meal Service Activities data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

Ecuador Median Monthly Wage: Construction data was reported at 400.000 USD in Sep 2018. This stayed constant from the previous number of 400.000 USD for Jun 2018. Ecuador Median Monthly Wage: Construction data is updated quarterly, averaging 365.000 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 445.000 USD in Mar 2015 and a record low of 230.000 USD in Mar 2008. Ecuador Median Monthly Wage: Construction data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G015: Median Monthly Wage.

Ecuador Median Monthly Wage: Agriculture, Livestock, Forestry & Fishing data was reported at 390.895 USD in Mar 2019. This records a decrease from the previous number of 400.000 USD for Dec 2018. Ecuador Median Monthly Wage: Agriculture, Livestock, Forestry & Fishing data is updated quarterly, averaging 347.500 USD from Jun 2007 (Median) to Mar 2019, with 48 observations. The data reached an all-time high of 420.000 USD in Jun 2015 and a record low of 168.000 USD in Mar 2008. Ecuador Median Monthly Wage: Agriculture, Livestock, Forestry & Fishing data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G016: Median Monthly Wage.

Ecuador Median Monthly Wage: 5 Cities: Mid-level Technicians & Professionals data was reported at 666.000 USD in Jun 2019. This records a decrease from the previous number of 700.000 USD for Mar 2019. Ecuador Median Monthly Wage: 5 Cities: Mid-level Technicians & Professionals data is updated quarterly, averaging 590.000 USD from Sep 2007 (Median) to Jun 2019, with 48 observations. The data reached an all-time high of 816.000 USD in Sep 2018 and a record low of 360.000 USD in Dec 2007. Ecuador Median Monthly Wage: 5 Cities: Mid-level Technicians & Professionals data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.G041: Median Monthly Wage.