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Labor and Wages

The labor situation in Ecuador can best be characterized as being quite difficult for the country's workers. The unemployment rate stood at 9.50% in 2001. While this rate is significant, it is still down slightly from 2000, when the rate stood at 10.30%.

Ecuadorian wages are quite low by international standards. The minimum wage in the country is $125 a month, while per capita GDP in 2001 stood at $1,383. Average wages in various industrial sectors for year 2000, as compiled in a study by the Ecuadorian National Institute of Statistics and Census, are summarized in the following table:

Economic Sector
Average Yearly Wage (US $)
Commercial
$4,600.97
Manufacturing
$4,131.00
Mining
$6,100.93
Services
$3,383.16

 

 

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