Ecuador Unemployment Rate

2013 - 2024 | Quarterly | % | CEIC Data

Key information about Ecuador Unemployment Rate

  • Ecuador Unemployment Rate dropped to 3.38% in Dec 2024, from the previously reported figure of 3.97% in Sep 2024.
  • Ecuador Unemployment Rate is updated quarterly, available from Dec 2013 to Dec 2024, with an average rate of 4.35%.
  • The data reached an all-time high of 5.71% in Mar 2016 and a record low of 3.38% in Dec 2024.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Ecuador Population reached 17.97 million people in Dec 2024.


View Ecuador's Unemployment Rate from Dec 2013 to Dec 2024 in the chart:

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Ecuador Unemployment Rate
Get this data
Ecuador Unemployment Rate

What was Ecuador's Unemployment Rate in Dec 2024?

Ecuador Unemployment Rate dropped to 3.38% in Dec 2024, from the previously reported figure of 3.97% in Sep 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.38 Dec 2024 3.97 Sep 2024 3.38 Dec 2024 5.71 Mar 2016 % quarterly Dec 2013 - Dec 2024

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 8.76 Dec 2024 quarterly Mar 2012 - Dec 2024
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 13.30 Sep 2024 quarterly Mar 2008 - Sep 2024
Australia (%) 4.11 Jan 2025 monthly Feb 1978 - Jan 2025
Austria (%) 5.50 Jan 2025 monthly Jan 1993 - Jan 2025
Azerbaijan (%) 5.64 Mar 2023 quarterly Mar 2008 - Mar 2023
Bahrain (%) 5.90 2020 yearly 1991 - 2020
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 Jan 2025 monthly Oct 2004 - Jan 2025
Belgium (%) 5.80 Jan 2025 monthly Jan 1983 - Jan 2025
Bolivia (%) 2.70 Sep 2024 quarterly Dec 2015 - Sep 2024
Bosnia and Herzegovina (%) 13.17 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 6.50 Jan 2025 monthly Mar 2012 - Jan 2025
Brunei (%) 4.80 2024 yearly 1981 - 2024
Bulgaria (%) 3.80 Dec 2024 quarterly Mar 2000 - Dec 2024
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.60 Feb 2025 monthly Jan 1976 - Feb 2025
Chile (%) 8.02 Jan 2025 monthly Mar 2009 - Jan 2025
China (%) 5.10 Dec 2024 quarterly Mar 2017 - Dec 2024
Colombia (%) 11.64 Jan 2025 monthly Jan 2001 - Jan 2025
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 5.00 Jan 2025 monthly Jan 2000 - Jan 2025
Czech Republic (%) 2.68 Jan 2025 monthly Jan 1993 - Jan 2025
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.38 Dec 2024 quarterly Dec 2013 - Dec 2024
Egypt (%) 6.70 Sep 2024 quarterly Mar 2003 - Sep 2024
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 5.80 Jan 2025 monthly Jan 2000 - Jan 2025
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 16.40 2023 yearly 1991 - 2023
Germany (%) 3.50 Jan 2025 monthly Jan 1991 - Jan 2025
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 3.10 Jan 2025 monthly Oct 1981 - Jan 2025
Hungary (%) 4.34 Jan 2025 monthly Jan 2000 - Jan 2025
Iceland (%) 3.35 Dec 2024 monthly Jan 2003 - Dec 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 4.91 2024 yearly 1984 - 2024
Iran (%) 9.40 Mar 2022 quarterly Jun 2001 - Mar 2022
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 2.61 Jan 2025 monthly Jan 2012 - Jan 2025
Italy (%) 6.28 Jan 2025 monthly Jan 1983 - Jan 2025
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.50 Jan 2025 monthly Jan 1953 - Jan 2025
Jordan (%) 21.30 Nov 2024 quarterly Feb 2000 - Nov 2024
Kazakhstan (%) 4.60 Jan 2025 monthly Jan 2001 - Jan 2025
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.70 Feb 2025 monthly Jun 1999 - Feb 2025
Kosovo (%) 10.70 Dec 2023 quarterly Mar 2016 - Dec 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.10 2023 yearly 1992 - 2023
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.90 Jan 2025 monthly Jan 1998 - Jan 2025
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 6.60 Jan 2025 monthly Jan 1998 - Jan 2025
Luxembourg (%) 5.85 Jan 2025 monthly Jan 1995 - Jan 2025
Macau SAR, China (%) 1.60 Jan 2025 monthly Sep 1996 - Jan 2025
North Macedonia (%) 11.90 Dec 2024 quarterly Mar 2023 - Dec 2024
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.10 Jan 2025 monthly Jan 2010 - Jan 2025
Malta (%) 2.29 Dec 2024 quarterly Mar 2018 - Dec 2024
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.61 Jan 2025 monthly Jan 2005 - Jan 2025
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.30 Dec 2024 quarterly Sep 2006 - Dec 2024
Montenegro (%) 11.00 Sep 2024 quarterly Mar 2008 - Sep 2024
Morocco (%) 13.60 Sep 2024 quarterly Mar 1999 - Sep 2024
Mozambique (%) 3.67 2023 yearly 1991 - 2023
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 5.10 Dec 2024 quarterly Mar 1986 - Dec 2024
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 3.90 Dec 2024 monthly Jan 1989 - Dec 2024
Oman (%) 3.60 Jan 2025 monthly Mar 2018 - Jan 2025
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 31.10 Jun 2024 quarterly Mar 2000 - Jun 2024
Panama (%) 9.50 2024 yearly 2003 - 2024
Paraguay (%) 4.55 Dec 2024 quarterly Mar 2017 - Dec 2024
Peru (%) 6.15 Jan 2025 monthly Mar 2001 - Jan 2025
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.40 Jan 2025 monthly Jan 1990 - Jan 2025
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.60 Apr 2023 monthly Jan 2004 - Apr 2023
Russia (%) 2.40 Jul 2024 monthly Jan 1994 - Jul 2024
Saudi Arabia (%) 3.73 Sep 2024 quarterly Mar 2012 - Sep 2024
Serbia (%) 8.10 Sep 2024 quarterly Mar 2014 - Sep 2024
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 5.09 Jan 2025 monthly Jan 2006 - Jan 2025
Slovenia (%) 3.50 Dec 2024 quarterly Jun 1997 - Dec 2024
South Africa (%) 32.10 Sep 2024 quarterly Mar 2008 - Sep 2024
Spain (%) 10.61 Dec 2024 quarterly Mar 2021 - Dec 2024
Sri Lanka (%) 4.10 Sep 2024 quarterly Mar 2004 - Sep 2024
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.44 Dec 2024 monthly Jan 1991 - Dec 2024

Ecuador Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 Sep 2024 quarterly Dec 2000 - Sep 2024
Consolidated Fiscal Balance (USD mn) -877.036 Sep 2024 quarterly Mar 2000 - Sep 2024
Tax Revenue (USD mn) 4,355.023 Sep 2024 quarterly Mar 2000 - Sep 2024
Tax Revenue: % of GDP (%) 14.2 Sep 2024 quarterly Mar 2000 - Sep 2024
National Government Debt (USD mn) 85,264.4 Dec 2024 quarterly Dec 2005 - Dec 2024
Government Debt: % of GDP (%) 67.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Forecast: Government Expenditure (USD bn) 51.430 2029 yearly 1995 - 2029
Forecast: Government Net Debt (USD bn) 72.877 2029 yearly 2001 - 2029
Forecast: Government Revenue (USD bn) 52.747 2029 yearly 1995 - 2029
Central Government: Revenue (USD mn) 2,009.430 Jan 2025 monthly Jan 2006 - Jan 2025
Central Government: Expenditure excl Amortization (USD mn) 1,055.760 Jan 2025 monthly Jan 2006 - Jan 2025
Central Government: Balance (USD mn) 953.670 Jan 2025 monthly Jan 2006 - Jan 2025
Central Government: Finance (USD mn) -953.670 Jan 2025 monthly Jan 2006 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.962 2028 yearly 1980 - 2028
Trade Balance (USD mn) 672.6 Dec 2024 monthly Mar 1992 - Dec 2024
Total Exports (USD mn) 2,528.2 Apr 2023 monthly Jan 1965 - Apr 2023
Total Exports Growth (%) 22.9 Dec 2024 monthly Jan 1966 - Dec 2024
Aluminum: Exports (USD th) 73,669.642 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 31,582.671 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 8,971.615 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,688.4 Dec 2024 monthly Jan 1957 - Dec 2024
Total Imports Growth (%) 13.0 Dec 2024 monthly Jan 1958 - Dec 2024
Imports: Medicament (USD th) 940,587.785 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 633,025.171 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 489.894 Dec 2024 monthly Jan 2007 - Dec 2024
Total Imports from USA (USD mn) 822.790 Jan 2025 monthly Jan 1973 - Jan 2025
Total Exports to China (USD mn) 425.273 Dec 2024 monthly Jan 2007 - Dec 2024
Total Imports from China (USD mn) 625.825 Jan 2025 monthly May 1992 - Jan 2025
Terms of Trade Index: 2007=100 (2007=100) 99.534 Jan 2025 monthly Jan 2014 - Jan 2025
BCE Forecast: Trade Balance: 2018=100 (USD mn) 3,097.200 2025 yearly 2024 - 2025
BCE Forecast: Exports: fob: 2018=100 (USD th) 31,848,323.000 2025 yearly 2024 - 2025
BCE Forecast: Imports: fob: 2018=100 (USD th) 28,751,123.000 2025 yearly 2024 - 2025
Imports: CIF: Asia: People's Republic of China (USD mn) 324.160 Jan 2020 monthly Jan 2010 - Jan 2020
Import Value Index (2015=100) 119.376 2021 yearly 1980 - 2021
Export Value Index (2015=100) 145.654 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) 1,473.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Current Account Balance: % of GDP (%) 4.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Foreign Direct Investment (USD mn) 73.6 Sep 2024 quarterly Mar 1993 - Sep 2024
Foreign Direct Investment: % of GDP (%) 0.2 Sep 2024 quarterly Mar 1993 - Sep 2024
Foreign Portfolio Investment (USD mn) -24.262 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.1 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -24.443 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt (USD mn) 57,662.3 Dec 2024 monthly Jan 1994 - Dec 2024
External Debt: % of GDP (%) 48.3 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 986.1 Sep 2024 quarterly Mar 2004 - Sep 2024
External Debt: Short Term: % of GDP (%) 1.5 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) 3.608 2029 yearly 1980 - 2029
Net International Investment Position (USD) -18,707,079,496.587 Sep 2024 quarterly Mar 2016 - Sep 2024
BoP: CA: Goods & Services: Services (USD mn) -688.520 Sep 2024 quarterly Mar 2016 - Sep 2024
BoP: CA: Goods & Services: Goods (USD mn) 1,405.024 Sep 2024 quarterly Mar 2016 - Sep 2024
Gross External Debt: Long Term (USD mn) 59,522.334 Sep 2024 quarterly Mar 2004 - Sep 2024
Gross External Debt (USD mn) 61,229.061 Sep 2024 quarterly Mar 2004 - Sep 2024
External Debt: Public (USD mn) 49,322.219 Jan 2025 monthly Jan 1994 - Jan 2025
External Debt: Private (USD mn) 8,261.485 Jan 2025 monthly Jan 1994 - Jan 2025
Foreign Direct Investment: BPM6 (USD th) 73,581.424 Sep 2024 quarterly Mar 2016 - Sep 2024
Foreign Direct Investment: Europe: Spain (USD th) 88,442.667 Dec 2018 quarterly Mar 2002 - Dec 2018
Foreign Direct Investment: Asia: China (USD th) 12,350.723 Dec 2018 quarterly Mar 2002 - Dec 2018
Foreign Direct Investment: Europe: Netherlands (USD th) 23,806.340 Dec 2018 quarterly Mar 2002 - Dec 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Jan 2025 monthly Jan 2006 - Jan 2025
Household Debt: % of GDP (%) 17.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Non-Performing Loans (USD mn) 3,566.948 Jan 2025 monthly Jan 2006 - Jan 2025
Money Supply M1 (USD mn) 31,461.760 Dec 2024 monthly Dec 2006 - Dec 2024
Money Supply M2 (USD mn) 88,484.868 Dec 2024 monthly Dec 2006 - Dec 2024
M2 Growth (%) 10.1 Dec 2024 monthly Dec 2007 - Dec 2024
Reserve Requirement Ratio (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022
Foreign Exchange Reserves (USD mn) 5,271.6 Feb 2025 monthly Dec 1956 - Feb 2025
Foreign Exchange Reserves: % of GDP (%) 5.127 Sep 2024 quarterly Dec 2000 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 1.7 Dec 2024 monthly Jan 2005 - Dec 2024
Gold Reserves (USD mn) 2,395.089 Feb 2025 monthly Dec 1956 - Feb 2025
Total Deposits (USD mn) 68,663.123 Jan 2025 monthly Jan 2006 - Jan 2025
Total Deposits Growth (%) 15.0 Jan 2025 monthly Jan 2007 - Jan 2025
Domestic Credit (USD mn) 75,695.6 Feb 2025 monthly Jan 2006 - Feb 2025
Domestic Credit Growth (%) 5.8 Jan 2025 monthly Jan 2007 - Jan 2025
Household Debt (USD mn) 21,987.1 Feb 2025 monthly Oct 2006 - Feb 2025
Total Loans (USD mn) 66,386.890 Jan 2025 monthly Jan 2006 - Jan 2025
Total Loans Growth (%) 6.30 Jan 2025 monthly Jan 2007 - Jan 2025
Private Debt: % of Nominal GDP (%) 54.12 Sep 2024 quarterly Mar 2004 - Sep 2024
International Reserve: Net Currency Position (USD mn) 5,271.613 Feb 2025 monthly Jan 2004 - Feb 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 9.7 Jan 2025 monthly Feb 2011 - Jan 2025

More Indicators for Ecuador

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