Unemployment in Ecuador

Ecuador Unemployment | Economic News & Forecasts

Ecuador - Unemployment

The economy likely lost further momentum in the first quarter as suggested by overall economic activity, which decelerated throughout Q1 and grew at a slower pace compared to Q4 2018. Domestic demand seems to have come under pressure from ongoing fiscal adjustment aimed at bringing down the hefty debt burden and easing liquidity constraints. Fixed investment likely faltered on lower private sector credit growth, while more downbeat consumer confidence signals a slowdown in household spending in the quarter. Compounding matters, export growth fell again in Q1, owing to a notably softer upturn in the overseas sales of oil. On 11 June, the Ministry of Finance announced that it will launch an offer to buy back its 2020 bond that will be financed with the issuance of a new bond maturing in 2029. The liability management operation will seek to reduce the cost of servicing debt and boost the country’s debt profile.

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 %Jun 13
Stock Market1,3660.17 %Jun 13

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