Ecuador Minimum Wage Rate 2020
Ecuador has a government-mandated minimum wage, and no worker in Ecuador can be paid less then this mandatory minimum rate of pay. Employers in Ecuador who fail to pay the Minimum Wage may be subject to punishment by Ecuador's government.
What is the Ecuador Minimum Wage?
Ecuador's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
Ecuador's minimum wage is US$366 per month in 2016. If working a full year,a bonus of 2 months pay increases the 12 month average to US$427 per month. Ecuador's minimum wage was last changed in 1-Jan-2016.
How does Ecuador's minimum wage compare to the minimum wage in other countries?
Ecuador's yearly minimum wage is $5,680.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 37 countries with a higher Minimum Wage then Ecuador, and Ecuador is in the top 19 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Ecuador
Ecuador is a country located in the South America region with a population of 12,646,000 and an average life span of 71.1 years.
|Gross National Product||$19,770.00|
|Current Leader||Gustavo Noboa Bejarano|
|Continent & Region||South America, South America|
|Surface Area||283,561 square kilometers|
|ISO 3166 Country Code||EC|
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