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:
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 (%) | 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 (%) | 13.30 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 (%) | 2.90 Jan 2025 | monthly | Jun 1999 - Jan 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 (%) | 3.20 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Malta (%) | 3.07 Sep 2024 | quarterly | Mar 2018 - Sep 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 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doEcuador 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: Finance (USD mn) | -953.670 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Central Government: Balance (USD mn) | 953.670 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: Revenue (USD mn) | 2,009.430 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) | 21,859.3 Jan 2025 | monthly | Oct 2006 - Jan 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
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.