Unemployment in Ecuador

Ecuador Unemployment | Economic News & Forecasts

Ecuador - Unemployment

The economy rounded off 2018 with the weakest performance in two years in Q4. A continued deceleration in domestic demand, led by a dive in fixed investment growth amid tighter credit availability and lower business sentiment, led the slowdown. Turning to 2019, economic activity picked up slightly in January as oil production climbed. A continued moderation in private sector credit growth, however, likely constrained household spending and investment. Meanwhile, the IMF released details on the USD 4.2 billion extended fund facility, which will aim to improve the economy’s fiscal position by cutting public sector spending and raising revenue via a tax reform. On the political front, President Lenín Moreno announced Ecuador’s withdrawal from the Union of South American Nations (UNASUR) on 13 March, arguing that the organization has ceased to be an effective body for regional integration.

Ecuador - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.0  4.3  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

Exchange Rate25,0000.0 %Apr 22
Stock Market1,3660.17 %Apr 22

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