Mountains in Ecuador

Ecuador Unemployment

Ecuador Unemployment

Unemployment in Ecuador

The unemployment rate in Ecuador averaged 4.7% in the decade to 2022, below the 8.2% average for Latin America. The unemployment rate in 2022 was 4.3%. For more unemployment information, visit our dedicated page.

Ecuador Unemployment Chart

Note: This chart displays Unemployment Rate for Ecuador from 2014 to 2023.
Source: Macrobond.

Ecuador Unemployment Data

2019 2020 2021 2022 2023
Unemployment (% of active population, aop) 4.4 6.1 5.2 4.3 3.7
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ecuadorian unemployment projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Ecuadorian unemployment.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Ecuadorian unemployment projections.

Want to get access to the full dataset of Ecuadorian unemployment forecasts? Send an email to info@focus-economics.com.

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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