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 February. 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.

The national gross income per capita in Ecuador saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 6,510 U.S. dollars. In comparison to 2022, the national gross income decreased not significantly by ten U.S. dollars (-0.15 percent). 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.

Ecuador Average Household Income Per Capita: Rural: 4th Decile data was reported at 98.022 USD in 2012. Ecuador Average Household Income Per Capita: Rural: 4th Decile data is updated yearly, averaging 98.022 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income Per Capita: Rural: 4th 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 Median Hourly Wage: Construction data was reported at 2.431 USD in Sep 2018. This records an increase from the previous number of 2.333 USD for Jun 2018. Ecuador Median Hourly Wage: Construction data is updated quarterly, averaging 2.222 USD from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 2.567 USD in Mar 2016 and a record low of 1.333 USD in Mar 2008. Ecuador Median Hourly 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.G014: Median Hourly Wage.

Ecuador Average Household Income: Urban: 8th Decile data was reported at 1,166.298 USD in 2012. Ecuador Average Household Income: Urban: 8th Decile data is updated yearly, averaging 1,166.298 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: Urban: 8th 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 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 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 three 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 Average Household Income: 2nd Decile data was reported at 432.933 USD in 2012. Ecuador Average Household Income: 2nd Decile data is updated yearly, averaging 432.933 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: 2nd 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 Average Household Income: Rural: 10th Decile data was reported at 1,275.172 USD in 2012. Ecuador Average Household Income: Rural: 10th Decile data is updated yearly, averaging 1,275.172 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: 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.

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.

Ecuador Average Household Income Per Capita: 8th Decile data was reported at 317.231 USD in 2012. Ecuador Average Household Income Per Capita: 8th Decile data is updated yearly, averaging 317.231 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income Per Capita: 8th 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.

In Ecuador, the share of the indigenous population in 2023 that had an average per capita income below the poverty line reached almost 50 percent. In comparison to the previous year, this represents a slight decrease. The country had also one of the highest share of indigenous population living in extreme poverty in the region.

Ecuador Average Household Income: Rural: 4th Decile data was reported at 428.994 USD in 2012. Ecuador Average Household Income: Rural: 4th Decile data is updated yearly, averaging 428.994 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: Rural: 4th 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 Average Household Income: 7th Decile data was reported at 874.363 USD in 2012. Ecuador Average Household Income: 7th Decile data is updated yearly, averaging 874.363 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: 7th 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.

Ecuador Average Household Income Per Capita: 9th Decile data was reported at 442.656 USD in 2012. Ecuador Average Household Income Per Capita: 9th Decile data is updated yearly, averaging 442.656 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income Per Capita: 9th 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 Average Household Income Per Capita: Rural: 3rd Decile data was reported at 81.375 USD in 2012. Ecuador Average Household Income Per Capita: Rural: 3rd Decile data is updated yearly, averaging 81.375 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income Per Capita: Rural: 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 Median Monthly Wage: Professional, Scientific & Technical Activities data was reported at 500.000 USD in Mar 2018. This stayed constant from the previous number of 500.000 USD for Dec 2017. Ecuador Median Monthly Wage: Professional, Scientific & Technical Activities data is updated quarterly, averaging 449.000 USD from Jun 2007 (Median) to Mar 2018, with 44 observations. The data reached an all-time high of 650.000 USD in Sep 2014 and a record low of 300.000 USD in Mar 2009. Ecuador Median Monthly Wage: Professional, Scientific & Technical 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 Average Household Income: 9th Decile data was reported at 1,290.676 USD in 2012. Ecuador Average Household Income: 9th Decile data is updated yearly, averaging 1,290.676 USD from Dec 2012 (Median) to 2012, with 1 observations. Ecuador Average Household Income: 9th 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.