Ecuador: Minimum wage

(measure: currency units, source: Central Bank of Ecuador)
* indicates monthly or quarterly data series

Minimum wage in Ecuador, February, 2020: For that indicator, Central Bank of Ecuador provides data for Ecuador from January 2014 to February 2020. The average value for Ecuador during that period was 370 currency units with a minimum of 340 currency units in January 2014 and a maximum of 400 currency units in January 2020. Click on the following link to see the values of Minimum wage around the world.
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* indicates monthly or quarterly data series
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Measure: currency units
Source: Central Bank of Ecuador

Definition: Minimum wage is the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract. 
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