Ecuador Unemployment Rate
2013 - 2023 | Quarterly | % | CEIC Data
Key information about Ecuador Unemployment Rate
- Ecuador Unemployment Rate dropped to 3.38% in Dec 2023, from the previously reported figure of 3.68% in Sep 2023.
- Ecuador Unemployment Rate is updated quarterly, available from Dec 2013 to Dec 2023, with an average rate of 4.43%.
- The data reached an all-time high of 6.15% in Sep 2020 and a record low of 3.19% in Dec 2022.
- The data is reported by reported by CEIC Data.
- In the latest reports, Ecuador Population reached 21.14 million people in Dec 2050.
View Ecuador's Unemployment Rate from Dec 2013 to Dec 2023 in the chart:
What was Ecuador's Unemployment Rate in Dec 2023?
Ecuador Unemployment Rate dropped to 3.38% in Dec 2023, from the previously reported figure of 3.68% in Sep 2023. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.38 Dec 2023 | 3.68 Sep 2023 | 3.19 Dec 2022 | 6.15 Sep 2020 | % | quarterly | Dec 2013 - Dec 2023 |
Unemployment Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.54 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Algeria (%) | 11.40 Jun 2019 | quarterly | Mar 2014 - Jun 2019 |
| Argentina (%) | 6.90 Mar 2023 | quarterly | Jun 1990 - Mar 2023 |
| Armenia (%) | 12.00 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Australia (%) | 3.70 Feb 2024 | monthly | Feb 1978 - Feb 2024 |
| Austria (%) | 4.90 Nov 2023 | monthly | Jan 1993 - Nov 2023 |
| 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 Feb 2024 | monthly | Oct 2004 - Feb 2024 |
| Belgium (%) | 5.50 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
| Bolivia (%) | 2.83 Dec 2023 | quarterly | Dec 2015 - Dec 2023 |
| Bosnia and Herzegovina (%) | 13.20 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 20.68 2022 | yearly | 1991 - 2022 |
| Brazil (%) | 7.80 Feb 2024 | monthly | Mar 2012 - Feb 2024 |
| Brunei (%) | 5.20 2022 | yearly | 1981 - 2022 |
| Bulgaria (%) | 4.20 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Cambodia (%) | 2.40 2020 | yearly | 2020 - 2020 |
| Canada (%) | 6.10 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
| Chile (%) | 8.50 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| China (%) | 5.10 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Colombia (%) | 12.12 Mar 2022 | monthly | Jan 2021 - Mar 2022 |
| Croatia (%) | 6.80 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Cyprus (%) | 6.40 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Czech Republic (%) | 2.73 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Denmark (%) | 4.90 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Ecuador (%) | 3.38 Dec 2023 | quarterly | Dec 2013 - Dec 2023 |
| Egypt (%) | 6.90 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Estonia (%) | 5.30 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| European Union (%) | 6.00 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Finland (%) | 6.90 Apr 2023 | monthly | Jan 1988 - Apr 2023 |
| France (%) | 7.20 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
| Georgia (%) | 17.26 2022 | yearly | 1991 - 2022 |
| Germany (%) | 3.20 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Ghana (%) | 3.56 2023 | yearly | 1991 - 2023 |
| Greece (%) | 11.20 Apr 2023 | monthly | Apr 1998 - Apr 2023 |
| Hong Kong SAR, China (%) | 2.90 Feb 2024 | monthly | Oct 1981 - Feb 2024 |
| Hungary (%) | 4.70 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Iceland (%) | 3.68 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| India (%) | 7.11 2020 | yearly | 1991 - 2020 |
| Indonesia (%) | 5.32 2023 | yearly | 1984 - 2023 |
| Iran (%) | 8.90 Dec 2021 | quarterly | Jun 2001 - Dec 2021 |
| Ireland (%) | 4.10 Jul 2023 | monthly | Jan 1998 - Jul 2023 |
| Israel (%) | 3.30 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| Italy (%) | 7.46 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.60 Feb 2024 | monthly | Jan 1953 - Feb 2024 |
| Jordan (%) | 21.40 Nov 2023 | quarterly | Feb 2000 - Nov 2023 |
| Kazakhstan (%) | 4.70 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 2.60 Feb 2024 | monthly | Jun 1999 - Feb 2024 |
| Kosovo (%) | 11.50 Mar 2023 | quarterly | Mar 2016 - Mar 2023 |
| Kuwait (%) | 0.93 2021 | yearly | 1999 - 2021 |
| Kyrgyzstan (%) | 4.90 2022 | yearly | 1992 - 2022 |
| Laos (%) | 0.95 2020 | yearly | 1991 - 2020 |
| Latvia (%) | 6.90 Jan 2024 | monthly | Jan 1998 - Jan 2024 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 7.40 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
| Luxembourg (%) | 5.57 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
| Macau SAR, China (%) | 2.20 Feb 2024 | monthly | Sep 1996 - Feb 2024 |
| North Macedonia (%) | 13.00 Dec 2023 | quarterly | Mar 2023 - Dec 2023 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.30 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Malta (%) | 2.85 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.58 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Moldova (%) | 5.55 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Mongolia (%) | 3.92 Dec 2023 | quarterly | Sep 2006 - Dec 2023 |
| Montenegro (%) | 12.20 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Morocco (%) | 12.40 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| 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 (%) | 4.00 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Nigeria (%) | 4.10 Mar 2023 | quarterly | Dec 2022 - Mar 2023 |
| Norway (%) | 3.90 Jan 2024 | monthly | Jan 1989 - Jan 2024 |
| Oman (%) | 3.30 Feb 2024 | monthly | Mar 2018 - Feb 2024 |
| Pakistan (%) | 6.30 2021 | yearly | 1980 - 2021 |
| Palestinian Territory (%) | 24.10 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
| Panama (%) | 11.30 2021 | yearly | 2003 - 2021 |
| Paraguay (%) | 5.23 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Peru (%) | 7.30 Feb 2024 | monthly | Mar 2001 - Feb 2024 |
| Philippines (%) | 4.50 Apr 2023 | quarterly | Jul 1982 - Apr 2023 |
| Poland (%) | 5.40 Feb 2024 | monthly | Jan 1990 - Feb 2024 |
| 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 (%) | 2.80 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Saudi Arabia (%) | 4.43 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Serbia (%) | 9.10 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| Singapore (%) | 1.90 May 2023 | monthly | Mar 2020 - May 2023 |
| Slovakia (%) | 3.92 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Slovenia (%) | 3.40 Dec 2023 | quarterly | Jun 1997 - Dec 2023 |
| South Africa (%) | 32.10 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Spain (%) | 11.76 Dec 2023 | quarterly | Sep 1976 - Dec 2023 |
| Sri Lanka (%) | 4.30 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 7.22 Apr 2023 | monthly | Jan 1983 - Apr 2023 |
| Switzerland (%) | 4.01 Dec 2023 | monthly | Jan 1991 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.6 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,310.307 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Tax Revenue (USD mn) | 3,251.591 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Tax Revenue: % of GDP (%) | 10.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| National Government Debt (USD mn) | 79,608.5 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Government Debt: % of GDP (%) | 67.0 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Forecast: Government Expenditure (USD bn) | 49.173 2028 | yearly | 1995 - 2028 |
| Forecast: Government Net Debt (USD bn) | 68.494 2028 | yearly | 2001 - 2028 |
| Forecast: Government Revenue (USD bn) | 48.725 2028 | yearly | 1995 - 2028 |
| Central Government: Finance (USD mn) | -404.913 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Balance (USD mn) | 404.913 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Expenditure excl Amortization (USD mn) | 1,461.865 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Revenue (USD mn) | 1,866.778 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 439.4 Jan 2024 | monthly | Mar 1992 - Jan 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 11.7 Jan 2024 | monthly | Jan 1966 - Jan 2024 |
| Aluminum: Exports (USD th) | 65,385.575 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 24,074.538 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 6,882.325 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 2,294.6 Jan 2024 | monthly | Jan 1957 - Jan 2024 |
| Total Imports Growth (%) | -7.8 Jan 2024 | monthly | Jan 1958 - Jan 2024 |
| Imports: Medicament (USD th) | 958,068.888 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 529,529.069 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 560.264 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
| Total Imports from USA (USD mn) | 426.736 Feb 2024 | monthly | Jan 1973 - Feb 2024 |
| Total Exports to China (USD mn) | 424.078 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
| Total Imports from China (USD mn) | 477.216 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Terms of Trade Index: 2007=100 (2007=100) | 94.722 Jan 2024 | monthly | Jan 2014 - Jan 2024 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 1,624.994 2024 | yearly | 2024 - 2024 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 34,410,658.000 2024 | yearly | 2024 - 2024 |
| BCE Forecast: Imports: fob: 2018=100 (USD th) | 32,785,664.000 2024 | yearly | 2024 - 2024 |
| Imports: CIF: Asia: People's Republic of China (USD mn) | 324.160 Jan 2020 | monthly | Jan 2010 - Jan 2020 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 522.8 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Current Account Balance: % of GDP (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 87.4 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Direct Investment: % of GDP (%) | 0.3 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | -1.947 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -0.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 1.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -2.923 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| External Debt (USD mn) | 57,821.2 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| External Debt: % of GDP (%) | 49.0 2023 | yearly | 1970 - 2023 |
| External Debt: Short Term (USD mn) | 1,197.6 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| External Debt: Short Term: % of GDP (%) | 1.0 2023 | yearly | 1970 - 2023 |
| Forecast: Current Account Balance (USD bn) | 2.607 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD) | -23,519,416,668.955 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| BoP: CA: Goods & Services: Services (USD mn) | -473.931 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| BoP: CA: Goods & Services: Goods (USD mn) | 265.252 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Gross External Debt: Long Term (USD mn) | 57,533.038 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Gross External Debt (USD mn) | 59,480.153 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Foreign Direct Investment: BPM6 (USD th) | 87,448.549 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| 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 (%) | 5.7 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Household Debt: % of GDP (%) | 16.8 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Non-Performing Loans (USD mn) | 3,570.111 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Money Supply M1 (USD mn) | 29,914.047 Jan 2024 | monthly | Dec 2006 - Jan 2024 |
| Money Supply M2 (USD mn) | 79,308.676 Jan 2024 | monthly | Dec 2006 - Jan 2024 |
| M2 Growth (%) | 6.0 Jan 2024 | monthly | Dec 2007 - Jan 2024 |
| Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 3,379.0 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 2.232 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
| Gold Reserves (USD mn) | 1,871.043 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Total Deposits (USD mn) | 60,505.905 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Total Deposits Growth (%) | 7.3 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Domestic Credit (USD mn) | 71,061.9 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Domestic Credit Growth (%) | 9.4 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Household Debt (USD mn) | 20,338.4 Mar 2024 | monthly | Oct 2006 - Mar 2024 |
| Total Loans (USD mn) | 62,673.836 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Total Loans Growth (%) | 8.20 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 53.84 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| International Reserve: Net Currency Position (USD mn) | 3,379.014 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 17.8 Feb 2024 | monthly | Feb 2011 - Feb 2024 |
| Business Confidence Index: Commerce (May2007=100) | 2,200.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
| Business Confidence Index: Construction (May2007=100) | 478.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
| Business Confidence Index: Global (May2007=100) | 1,694.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
| Business Confidence Index: Services (May2007=100) | 1,444.800 Dec 2022 | monthly | May 2007 - Dec 2022 |
| Business Confidence Index: Industry (May2007=100) | 2,662.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
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