Unemployment in Ecuador

Ecuador Unemployment | Economic News & Forecasts

Ecuador - Unemployment

Available data suggests that the economy remained subdued in the final quarter of 2019, after it shrank for the first time in three years in the third quarter on falling domestic demand. Economic activity contracted, on average, at a faster clip in October–November compared to Q3, while credit growth eased in Q4, hinting that household spending and fixed investment likely faltered. In other news, on 6 February Moody’s downgraded the country’s credit rating from B3 to Caa1. Political and social resistance has slowed the government’s implementation of IMF-backed fiscal policy reforms, constraining investor demand for public debt ahead of the government’s heavy repayment schedule starting in 2022. However, the agency changed the outlook from negative to stable as risks to debt repayments are expected to remain contained before 2022.

Ecuador - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate4.3  4.3  5.4  -     -     

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Ecuador Unemployment Chart


Ecuador Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute.

Ecuador Facts

Value Change Date
Exchange Rate25,0000.0 %Dec 31

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