Throughout the period displayed, the average salary of the working population in Ecuador has fluctuated, revealing a wage disparity that is less favorable for females. The highest wage value for both genders was recorded in January of 2024.

Wages in Ecuador remained unchanged at 548.26 USD/Month in May. 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.

Ecuador Average Household Income data was reported at 892.890 USD in 2012. Ecuador Average Household Income data is updated yearly, averaging 892.890 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

In 2023, the national gross income per capita in Ecuador did not change in comparison to the previous year. The national gross income per capita remained at 6,590 U.S. dollars. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about Ecuador with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, share of value added by the services industry to gross domestic product, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

Average Household Income Per Capita: Urban: 5th Decile data was reported at 204.177 USD in 2012. Average Household Income Per Capita: Urban: 5th Decile data is updated yearly, averaging 204.177 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income Per Capita: Urban: 5th Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

Wages In Manufacturing in Ecuador decreased to 450 USD/Month in the fourth quarter of 2019 from 458 USD/Month in the third quarter of 2019. This dataset provides - Ecuador Wages In Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average Household Income: 6th Decile data was reported at 771.425 USD in 2012. Average Household Income: 6th Decile data is updated yearly, averaging 771.425 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income: 6th Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

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.

Average Household Income Per Capita: Rural: 10th Decile data was reported at 511.137 USD in 2012. Average Household Income Per Capita: Rural: 10th Decile data is updated yearly, averaging 511.137 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income Per Capita: Rural: 10th Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Ecuador was reported at --0.8 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ecuador - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Adjusted net national income per capita (annual % growth) in Ecuador was reported at 0.8841 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ecuador - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Graph and download economic data for Bank's Non-Interest Income to Total Income for Ecuador (DDEI03ECA156NWDB) from 2000 to 2021 about Ecuador, banks, depository institutions, and income.

Average Household Income: 10th Decile data was reported at 2,459.110 USD in 2012. Average Household Income: 10th Decile data is updated yearly, averaging 2,459.110 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income: 10th Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

Ecuador's gasoline index decreased between 2019 and 2024. In the latter year, an average monthly net salary allowed drivers to purchase 761 liters of gasoline. This was the second-lowest figure in the period of consideration.

Adjusted net national income (annual % growth) in Ecuador was reported at 1.6683 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ecuador - Adjusted net national income (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Average Household Income Per Capita: Urban: 3rd Decile data was reported at 143.462 USD in 2012. Average Household Income Per Capita: Urban: 3rd Decile data is updated yearly, averaging 143.462 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income Per Capita: Urban: 3rd Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

Ecuador: Cost of starting a business, % of income per capita: The latest value from 2019 is 33 percent of per capita GNI, a decline from 33.3 percent of per capita GNI in 2018. In comparison, the world average is 19.87 percent of per capita GNI, based on data from 185 countries. Historically, the average for Ecuador from 2003 to 2019 is 33.16 percent of per capita GNI. The minimum value, 22 percent of per capita GNI, was reached in 2015 while the maximum of 51.6 percent of per capita GNI was recorded in 2003.

Average Household Income Per Capita: Rural: 6th Decile data was reported at 136.789 USD in 2012. Average Household Income Per Capita: Rural: 6th Decile data is updated yearly, averaging 136.789 USD from Dec 2012 (Median) to 2012, with 1 observations. Average Household Income Per Capita: Rural: 6th Decile data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Ecuador – Table EC.H002: Average Household Income.

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.