Ecuador Unemployment Rate

2013 - 2024 | Quarterly | % | CEIC Data

Key information about Ecuador Unemployment Rate

  • Ecuador Unemployment Rate increased to 3.97% in Sep 2024, from the previously reported figure of 3.48% in Jun 2024.
  • Ecuador Unemployment Rate is updated quarterly, available from Dec 2013 to Sep 2024, with an average rate of 4.40%.
  • The data reached an all-time high of 5.71% in Mar 2016 and a record low of 3.48% in Jun 2024.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Ecuador Population reached 17.75 million people in Dec 2023.


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

Ecuador Unemployment Rate

What was Ecuador's Unemployment Rate in Sep 2024?

Ecuador Unemployment Rate increased to 3.97% in Sep 2024, from the previously reported figure of 3.48% in Jun 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.97 Sep 2024 3.48 Jun 2024 3.48 Jun 2024 5.71 Mar 2016 % quarterly Dec 2013 - Sep 2024

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 10.65 Dec 2023 quarterly Mar 2012 - Dec 2023
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 13.80 Jun 2024 quarterly Mar 2008 - Jun 2024
Australia (%) 4.07 Sep 2024 monthly Feb 1978 - Sep 2024
Austria (%) 5.63 Sep 2024 monthly Jan 1993 - Sep 2024
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 Sep 2024 monthly Oct 2004 - Sep 2024
Belgium (%) 5.50 Sep 2024 monthly Jan 1983 - Sep 2024
Bolivia (%) 2.76 Jun 2024 quarterly Dec 2015 - Jun 2024
Bosnia and Herzegovina (%) 13.17 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 6.40 Sep 2024 monthly Mar 2012 - Sep 2024
Brunei (%) 5.20 2023 yearly 1981 - 2023
Bulgaria (%) 4.30 Jun 2024 quarterly Mar 2000 - Jun 2024
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.50 Sep 2024 monthly Jan 1976 - Sep 2024
Chile (%) 8.74 Sep 2024 monthly Mar 2009 - Sep 2024
China (%) 5.10 Sep 2024 quarterly Mar 2017 - Sep 2024
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 5.00 Sep 2024 monthly Jan 2000 - Sep 2024
Czech Republic (%) 2.87 Sep 2024 monthly Jan 1993 - Sep 2024
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.97 Sep 2024 quarterly Dec 2013 - Sep 2024
Egypt (%) 6.50 Jun 2024 quarterly Mar 2003 - Jun 2024
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 5.90 Sep 2024 monthly Jan 2000 - Sep 2024
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 Sep 2024 monthly Jan 1991 - Sep 2024
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 3.00 Sep 2024 monthly Oct 1981 - Sep 2024
Hungary (%) 4.55 Sep 2024 monthly Jan 2000 - Sep 2024
Iceland (%) 3.44 Sep 2024 monthly Jan 2003 - Sep 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 (%) 2.50 Oct 2024 monthly Jan 2012 - Oct 2024
Italy (%) 6.09 Sep 2024 monthly Jan 1983 - Sep 2024
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.40 Sep 2024 monthly Jan 1953 - Sep 2024
Jordan (%) 21.40 May 2024 quarterly Feb 2000 - May 2024
Kazakhstan (%) 4.70 Aug 2024 monthly Jan 2001 - Aug 2024
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.50 Sep 2024 monthly Jun 1999 - Sep 2024
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 Sep 2024 monthly Jan 1998 - Sep 2024
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 7.90 Sep 2024 monthly Jan 1998 - Sep 2024
Luxembourg (%) 5.78 Sep 2024 monthly Jan 1995 - Sep 2024
Macau SAR, China (%) 1.70 Sep 2024 monthly Sep 1996 - Sep 2024
North Macedonia (%) 12.50 Jun 2024 quarterly Mar 2023 - Jun 2024
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.20 Aug 2024 monthly Jan 2010 - Aug 2024
Malta (%) 2.96 Mar 2024 quarterly Mar 2018 - Mar 2024
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.74 Sep 2024 monthly Jan 2005 - Sep 2024
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.80 Jun 2024 quarterly Sep 2006 - Jun 2024
Montenegro (%) 11.40 Jun 2024 quarterly Mar 2008 - Jun 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 (%) 4.80 Sep 2024 quarterly Mar 1986 - Sep 2024
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 4.00 Aug 2024 monthly Jan 1989 - Aug 2024
Oman (%) 4.70 Sep 2024 monthly Mar 2018 - Sep 2024
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 31.10 Jun 2024 quarterly Mar 2000 - Jun 2024
Panama (%) 7.40 2023 yearly 2003 - 2023
Paraguay (%) 6.43 Jun 2024 quarterly Mar 2017 - Jun 2024
Peru (%) 5.93 Sep 2024 monthly Mar 2001 - Sep 2024
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.00 Sep 2024 monthly Jan 1990 - Sep 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 (%) 2.40 Jul 2024 monthly Jan 1994 - Jul 2024
Saudi Arabia (%) 3.32 Jun 2024 quarterly Mar 2012 - Jun 2024
Serbia (%) 9.40 Mar 2024 quarterly Mar 2014 - Mar 2024
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 4.99 Sep 2024 monthly Jan 2006 - Sep 2024
Slovenia (%) 3.40 Jun 2024 quarterly Jun 1997 - Jun 2024
South Africa (%) 33.50 Jun 2024 quarterly Mar 2008 - Jun 2024
Spain (%) 11.21 Sep 2024 quarterly Mar 2021 - Sep 2024
Sri Lanka (%) 4.70 Jun 2024 quarterly Mar 2004 - Jun 2024
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.26 Mar 2024 monthly Jan 1991 - Mar 2024

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Ecuador Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 Jun 2024 quarterly Dec 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) 1,157.610 Jun 2024 quarterly Mar 2000 - Jun 2024
Tax Revenue (USD mn) 4,720.339 Jun 2024 quarterly Mar 2000 - Jun 2024
Tax Revenue: % of GDP (%) 15.4 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 80,597.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Government Debt: % of GDP (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 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: Balance (USD mn) -282.739 Sep 2024 monthly Jan 2006 - Sep 2024
Central Government: Expenditure excl Amortization (USD mn) 1,892.538 Sep 2024 monthly Jan 2006 - Sep 2024
Central Government: Finance (USD mn) 282.739 Sep 2024 monthly Jan 2006 - Sep 2024
Central Government: Revenue (USD mn) 1,609.799 Sep 2024 monthly Jan 2006 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.962 2028 yearly 1980 - 2028
Trade Balance (USD mn) 428.6 Aug 2024 monthly Mar 1992 - Aug 2024
Total Exports (USD mn) 2,528.2 Apr 2023 monthly Jan 1965 - Apr 2023
Total Exports Growth (%) 14.1 Aug 2024 monthly Jan 1966 - Aug 2024
Aluminum: Exports (USD th) 73,669.642 2023 yearly 1995 - 2023
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) 2,727.6 Aug 2024 monthly Jan 1957 - Aug 2024
Total Imports Growth (%) -4.8 Aug 2024 monthly Jan 1958 - Aug 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) 410.362 Aug 2024 monthly Jan 2007 - Aug 2024
Total Imports from USA (USD mn) 801.222 Aug 2024 monthly Jan 1973 - Aug 2024
Total Exports to China (USD mn) 442.099 Aug 2024 monthly Jan 2007 - Aug 2024
Total Imports from China (USD mn) 672.437 Aug 2024 monthly May 1992 - Aug 2024
Terms of Trade Index: 2007=100 (2007=100) 99.369 Aug 2024 monthly Jan 2014 - Aug 2024
BCE Forecast: Trade Balance: 2018=100 (USD mn) 3,097.200 2025 yearly 2024 - 2025
Exports: FOB: Petroleum: Crude Petroleum (USD th) 812,123.784 Aug 2024 monthly Jan 2005 - Aug 2024
Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) 320,958.535 Aug 2024 monthly Jan 2005 - Aug 2024
BCE Forecast: Exports: fob: 2018=100 (USD th) 31,848,323.000 2025 yearly 2024 - 2025
Exports: FOB: America: United States (USD mn) 410.362 Aug 2024 monthly Jan 2007 - Aug 2024
Exports: FOB: America: ALADI: Panama (USD mn) 781.810 Aug 2024 monthly Jan 2012 - Aug 2024
Exports: FOB: Asia: People's Republic of China (USD mn) 442.099 Aug 2024 monthly Jan 2007 - Aug 2024
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
Imports: CIF: Consumer Goods: Non Durable (USD th) 317,034.353 Aug 2024 monthly Jan 2005 - Aug 2024
Imports: CIF: Fuels And Lubricants (USD th) 712,597.542 Aug 2024 monthly Jan 2005 - Aug 2024
Imports: CIF: America: ALADI: Panama (USD mn) 6.890 Aug 2024 monthly Mar 2019 - Aug 2024
Export Value Index (2015=100) 145.654 2021 yearly 1980 - 2021
Import Value Index (2015=100) 119.376 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) 2,407.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Current Account Balance: % of GDP (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Foreign Direct Investment (USD mn) 41.8 Jun 2024 quarterly Mar 1993 - Jun 2024
Foreign Direct Investment: % of GDP (%) 0.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Foreign Portfolio Investment (USD mn) -55.121 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -0.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -55.352 Jun 2024 quarterly Mar 1999 - Jun 2024
External Debt (USD mn) 59,189.9 Aug 2024 monthly Jan 1994 - Aug 2024
External Debt: % of GDP (%) 49.6 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 763.5 Jun 2024 quarterly Mar 2004 - Jun 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) -19,735,132,923.143 Jun 2024 quarterly Mar 2016 - Jun 2024
BoP: CA: Goods & Services: Goods (USD mn) 2,068.720 Jun 2024 quarterly Mar 2016 - Jun 2024
BoP: CA: Goods & Services: Services (USD mn) -533.482 Jun 2024 quarterly Mar 2016 - Jun 2024
Gross External Debt (USD mn) 58,907.820 Jun 2024 quarterly Mar 2004 - Jun 2024
Gross External Debt: Long Term (USD mn) 57,407.976 Jun 2024 quarterly Mar 2004 - Jun 2024
External Debt: Public (USD mn) 48,965.907 Aug 2024 monthly Jan 1994 - Aug 2024
External Debt: Private (USD mn) 10,223.956 Aug 2024 monthly Jan 1994 - Aug 2024
Foreign Direct Investment: BPM6 (USD th) 41,849.299 Jun 2024 quarterly Mar 2016 - Jun 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 (%) 6.0 Sep 2024 monthly Jan 2006 - Sep 2024
Household Debt: % of GDP (%) 17.2 Jun 2024 quarterly Dec 2006 - Jun 2024
Non-Performing Loans (USD mn) 3,921.527 Sep 2024 monthly Jan 2006 - Sep 2024
Money Supply M1 (USD mn) 30,027.805 Aug 2024 monthly Dec 2006 - Aug 2024
Money Supply M2 (USD mn) 84,163.461 Aug 2024 monthly Dec 2006 - Aug 2024
M2 Growth (%) 8.4 Aug 2024 monthly Dec 2007 - Aug 2024
Reserve Requirement Ratio (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022
Foreign Exchange Reserves (USD mn) 6,304.4 Sep 2024 monthly Dec 1956 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 4.210 Jun 2024 quarterly Dec 2000 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 2.3 Aug 2024 monthly Jan 2005 - Aug 2024
Gold Reserves (USD mn) 2,222.210 Sep 2024 monthly Dec 1956 - Sep 2024
Total Deposits (USD mn) 64,774.769 Sep 2024 monthly Jan 2006 - Sep 2024
Total Deposits Growth (%) 11.0 Sep 2024 monthly Jan 2007 - Sep 2024
Domestic Credit (USD mn) 72,401.5 Sep 2024 monthly Jan 2006 - Sep 2024
Domestic Credit Growth (%) 4.7 Sep 2024 monthly Jan 2007 - Sep 2024
Household Debt (USD mn) 21,425.4 Sep 2024 monthly Oct 2006 - Aug 2024
Total Loans (USD mn) 64,865.947 Sep 2024 monthly Jan 2006 - Sep 2024
Total Loans Growth (%) 5.20 Sep 2024 monthly Jan 2007 - Sep 2024
Private Debt: % of Nominal GDP (%) 54.45 Jun 2024 quarterly Mar 2004 - Jun 2024
International Reserve: Net Currency Position (USD mn) 6,304.355 Sep 2024 monthly Jan 2004 - Sep 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 2.0 Sep 2024 monthly Feb 2011 - Sep 2024

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