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Ecuador  

NMW Ecuador 2014

The national minimum wage increase in Ecuador

In 2014 , the national minimum wage in Ecuador remained fixed at 230.6 € per month, that is 2,767 euros per year, taking into account 12 payments per year.

If we look at the minimum salary in United States dollars, which is the official currency in Ecuador, we can see that, this year, it was 318.0 United States dollars and accordingly, the national minimum wage has been raised 26.0 United States dollars per month from the previous year, 8.90%. This increase is greater than the CPI of 2013 which was 2.7%, so workers have gained buying power in the last year.

If we look at the ranking of the national minimum wage that we publish, Ecuador is in 48 nd place, so it is among the countries with the lowest minimum salary of the 94 of the list.

The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.

In the table that follows we show you the progression of the National Minimum Wage Ecuador. You can see NMW in other countries in National Minimum Wage 2014 and see all the information about this country in Ecuador economy.

Ecuador - Minimum wages
DateNat. Curr. NMWNMWNMW
2014318.0318.0 $230.6 €
2013292.0292.0 $221.3 €
2012264.0264.0 $204.0 €
2011240.0240.0 $179.6 €
2010218.0218.0 $151.3 €
2009200.0200.0 $143.7 €
2008170.0170.0 $115.5 €
2007160.0160.0 $121.5 €
2006150.0150.0 $127.2 €
2005144.0144.0 $105.7 €
2004138.0138.0 $109.3 €
2003129.0129.0 $123.0 €
2002118.0118.0 $133.9 €
Ecuador - Minimum wages