In 2008, the national minimum wage in Ecuador remained fixed at €135.9 per month, that is 1,631 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 200 United States dollars and accordingly, the national minimum wage has been raised 30 United States dollars per month from the previous year, 17.65%. This increase is greater than the CPI of 2007 which was 3.3%, 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 90 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 2008 and see all the information about this country in Ecuador economy.