Unemployment rate in Ecuador 2029

The unemployment rate in Ecuador was forecast to continuously decrease between 2024 and 2029 by in total 0.7 percentage points. The rate is estimated to amount to 3.5 percent in 2029.
This indicator describes the unemployment rate which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labour force.

Find more statistics on other topics about Ecuador with key insights such as the growth of the real the gross domestic product, the share in the global GDP adjusted for purchasing power parity, and the budget balance in relation to the gross domestic product.