Ecuador Labour Force Participation Rate
2013 - 2023 | Quarterly | % | CEIC Data
Key information about Ecuador Labour Force Participation Rate
- Ecuador Labour Force Participation Rate dropped to 65.6 % in Dec 2023, compared with 67.0 % in the previous quarter.
- Ecuador Labour Force Participation Rate is updated quarterly, available from Dec 2013 to Dec 2023, with an average rate of 66.4 % .
- The data reached the an all-time high of 69.2 % in Sep 2016 and a record low of 62.0 % in Jun 2014.
- Ecuador Labour Force Participation Rate is reported by reported by CEIC Data.
- In the latest reports, Ecuador Population reached 17.5 million people in Dec 2020.
- Unemployment Rate of Ecuador dropped to 3.4 % in Dec 2023.
- The country's Monthly Earnings stood at 444.0 USD in Dec 2019.
View Ecuador's Labour Force Participation Rate from Dec 2013 to Dec 2023 in the chart:
What was Ecuador's Labour Force Participation Rate in Dec 2023?
Ecuador Labour Force Participation Rate dropped to 65.6 % in Dec 2023, compared with 67.0 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 65.6 Dec 2023 | 67.0 Sep 2023 | 62.0 Jun 2014 | 69.2 Sep 2016 | % | quarterly | Dec 2013 - Dec 2023 |
Labour Force Participation Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 64.5 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 60.8 2023 | yearly | 1990 - 2023 |
| Armenia (%) | 61.7 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Australia (%) | 67.3 Feb 2024 | monthly | Feb 1978 - Feb 2024 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 70.2 2023 | yearly | 1990 - 2023 |
| Bahrain (%) | 71.9 2023 | yearly | 1990 - 2023 |
| Bangladesh (%) | 58.2 2023 | yearly | 1990 - 2023 |
| Belarus (%) | 86.8 2022 | yearly | 1995 - 2022 |
| Belgium (%) | 70.9 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Bolivia (%) | 77.7 Sep 2022 | quarterly | Dec 2015 - Sep 2022 |
| Bosnia and Herzegovina (%) | 47.8 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 64.5 2023 | yearly | 1990 - 2023 |
| Brazil (%) | 62.0 Feb 2024 | monthly | Mar 2012 - Feb 2024 |
| Brunei (%) | 64.3 2023 | yearly | 1990 - 2023 |
| Bulgaria (%) | 56.1 Sep 2023 | quarterly | Jun 2000 - Sep 2023 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 64.9 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
| Chile (%) | 62.3 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| China (%) | 66.4 2023 | yearly | 1990 - 2023 |
| Colombia (%) | 63.8 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Croatia (%) | 52.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Cyprus (%) | 64.9 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Czech Republic (%) | 60.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Denmark (%) | 74.6 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Ecuador (%) | 65.6 Dec 2023 | quarterly | Dec 2013 - Dec 2023 |
| Egypt (%) | 42.7 2022 | yearly | 2009 - 2022 |
| Estonia (%) | 67.0 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
| European Union (%) | 75.4 2022 | yearly | 1990 - 2022 |
| Finland (%) | 67.8 Feb 2024 | monthly | May 2004 - Feb 2024 |
| France (%) | 74.1 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Georgia (%) | 51.9 2022 | yearly | 1998 - 2022 |
| Germany (%) | 55.9 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Ghana (%) | 68.8 2023 | yearly | 1990 - 2023 |
| Greece (%) | 59.7 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Hong Kong SAR, China (%) | 57.0 Feb 2024 | monthly | Dec 1981 - Feb 2024 |
| Hungary (%) | 67.9 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Iceland (%) | 79.8 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| India (%) | 42.4 2023 | yearly | 1990 - 2023 |
| Indonesia (%) | 69.5 Aug 2023 | semiannually | Feb 2005 - Aug 2023 |
| Iran (%) | 41.0 Dec 2022 | quarterly | Jun 2018 - Dec 2022 |
| Ireland (%) | 65.4 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Israel (%) | 62.6 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| Italy (%) | 48.2 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Ivory Coast (%) | 64.4 2023 | yearly | 1990 - 2023 |
| Japan (%) | 62.8 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Jordan (%) | 39.4 2023 | yearly | 1990 - 2023 |
| Kazakhstan (%) | 68.3 Dec 2023 | quarterly | Jun 2001 - Dec 2023 |
| Kenya (%) | 73.7 2023 | yearly | 1990 - 2023 |
| South Korea (%) | 63.6 Feb 2024 | monthly | Jun 1999 - Feb 2024 |
| Kosovo (%) | 39.5 Mar 2023 | quarterly | Mar 2016 - Mar 2023 |
| Kuwait (%) | 71.5 2023 | yearly | 1990 - 2023 |
| Kyrgyzstan (%) | 60.1 2022 | yearly | 1994 - 2022 |
| Laos (%) | 59.6 2023 | yearly | 1990 - 2023 |
| Latvia (%) | 68.6 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Lebanon (%) | 45.5 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 63.6 Dec 2023 | quarterly | Jun 1998 - Dec 2023 |
| Luxembourg (%) | 54.9 2022 | yearly | 2000 - 2022 |
| Macau SAR, China (%) | 67.7 Feb 2024 | monthly | Sep 1996 - Feb 2024 |
| North Macedonia (%) | 52.2 Dec 2023 | quarterly | Mar 2023 - Dec 2023 |
| Malawi (%) | 69.0 2023 | yearly | 1990 - 2023 |
| Malaysia (%) | 70.2 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Malta (%) | 81.4 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Mauritius (%) | 58.7 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Mexico (%) | 60.2 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Moldova (%) | 44.7 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Mongolia (%) | 57.6 Dec 2023 | quarterly | Sep 2006 - Dec 2023 |
| Montenegro (%) | 63.7 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Morocco (%) | 44.8 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Mozambique (%) | 79.0 2023 | yearly | 1990 - 2023 |
| Myanmar (%) | 59.4 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 40.5 2023 | yearly | 1990 - 2023 |
| Netherlands (%) | 72.9 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| New Zealand (%) | 72.2 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Nigeria (%) | 59.1 2023 | yearly | 1990 - 2023 |
| Norway (%) | 65.3 2022 | yearly | 1989 - 2022 |
| Oman (%) | 68.3 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 44.4 Sep 2023 | quarterly | Jun 2002 - Sep 2023 |
| Panama (%) | 60.4 2021 | yearly | 2003 - 2021 |
| Paraguay (%) | 71.1 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Peru (%) | 72.4 2022 | yearly | 2001 - 2022 |
| Philippines (%) | 61.1 Jan 2024 | quarterly | Jul 2003 - Jan 2024 |
| Poland (%) | 58.9 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Portugal (%) | 61.0 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Qatar (%) | 87.7 2022 | yearly | 2006 - 2022 |
| Romania (%) | 51.5 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
| Russia (%) | 68.4 Feb 2024 | monthly | Aug 2009 - Feb 2024 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 55.8 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
| Slovakia (%) | 62.5 Dec 2023 | quarterly | Mar 2021 - Dec 2023 |
| Slovenia (%) | 58.6 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| South Africa (%) | 60.0 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Spain (%) | 59.0 Dec 2023 | quarterly | Sep 1976 - Dec 2023 |
| Sri Lanka (%) | 47.1 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 74.5 Feb 2024 | monthly | Apr 2005 - Feb 2024 |
| Switzerland (%) | 68.0 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Syria (%) | 38.7 2023 | yearly | 1990 - 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) | -3,149.723 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: Revenue (USD mn) | 1,866.778 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Balance (USD mn) | 404.913 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Finance (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 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 678.9 Feb 2024 | monthly | Mar 1992 - Feb 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 5.8 Feb 2024 | monthly | Jan 1966 - Feb 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) | 2,101.1 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Imports Growth (%) | -13.6 Feb 2024 | monthly | Jan 1958 - Feb 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) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Total Imports from USA (USD mn) | 426.736 Feb 2024 | monthly | Jan 1973 - Feb 2024 |
| Total Exports to China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Total Imports from China (USD mn) | 477.216 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Terms of Trade Index: 2007=100 (2007=100) | 98.162 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 1,624.994 2024 | yearly | 2024 - 2024 |
| Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) | 347,632.603 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Exports: FOB: Petroleum: Crude Petroleum (USD th) | 684,286.538 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 34,410,658.000 2024 | yearly | 2024 - 2024 |
| Exports: FOB: America: United States (USD mn) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Exports: FOB: Asia: People's Republic of China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Exports: FOB: America: ALADI: Panama (USD mn) | 514.061 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| BCE Forecast: Imports: fob: 2018=100 (USD th) | 32,785,664.000 2024 | yearly | 2024 - 2024 |
| Imports: CIF: Fuels And Lubricants (USD th) | 469,016.611 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Imports: CIF: Consumer Goods: Non Durable (USD th) | 269,205.022 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Imports: CIF: America: ALADI: Panama (USD mn) | 8.696 Feb 2024 | monthly | Mar 2019 - Feb 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) | 57,327.9 Feb 2024 | monthly | Jan 1994 - Feb 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: Goods (USD mn) | 265.252 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| BoP: CA: Goods & Services: Services (USD mn) | -473.931 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 |
| External Debt: Private (USD mn) | 10,133.476 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| External Debt: Public (USD mn) | 47,194.427 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Foreign Direct Investment: BPM6 (USD th) | 87,448.549 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 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) | 29,922.628 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
| Money Supply M2 (USD mn) | 80,099.186 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
| M2 Growth (%) | 6.3 Feb 2024 | monthly | Dec 2007 - Feb 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) | 1.6 Feb 2024 | monthly | Jan 2005 - Feb 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: 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 |
| 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 |
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