Compensation of employees (current LCU) in Ecuador
Ecuador: Compensation of employees (current LCU) was 10.10 billion current LCU in 2022. ▲ Rising
Compensation of employees in Ecuador, 2013–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, compensation of employees in Ecuador stood at 10.10 billion current LCU.
That represents a change of up 1.0% on the previous year and up 17.1% over ten years.
Over the whole period, compensation of employees in Ecuador peaked at 10.41 billion current LCU in 2018 and was at its lowest, 8.63 billion current LCU, in 2013.
That places Ecuador 109th out of 156 countries with data for 2022, putting it in the middle of the range.
Compensation of employees (current LCU) in Ecuador, year by year
| Year | current LCU | Change |
|---|---|---|
| 2013 | 8.63 billion current LCU | — |
| 2014 | 9.06 billion current LCU | +5.0% |
| 2015 | 9.55 billion current LCU | +5.3% |
| 2016 | 9.66 billion current LCU | +1.2% |
| 2017 | 10.00 billion current LCU | +3.5% |
| 2018 | 10.41 billion current LCU | +4.2% |
| 2019 | 10.34 billion current LCU | -0.7% |
| 2020 | 10.09 billion current LCU | -2.4% |
| 2021 | 10.00 billion current LCU | -0.9% |
| 2022 | 10.10 billion current LCU | +1.0% |
Ecuador compared with similar countries
- Ecuador's 10.10 billion current LCU is below the median for upper middle income countries, which is 95.94 billion current LCU, 11% of the median. (47 countries reporting)
- Ecuador's 10.10 billion current LCU is below the median for Latin America & Caribbean, which is 34.98 billion current LCU, 29% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.66 billion current LCU | 8.63 billion current LCU | 10.41 billion current LCU | 7 |
| 2020s | 10.06 billion current LCU | 10.00 billion current LCU | 10.10 billion current LCU | 3 |
Countries ranked near Ecuador
More public sector data for Ecuador
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 30.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 1.38 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 257.14 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Ecuador?
- Compensation of employees in Ecuador was 10.10 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Ecuador?
- The highest recorded value was 10.41 billion current LCU in 2018.
- What is the lowest compensation of employees recorded in Ecuador?
- The lowest recorded value was 8.63 billion current LCU in 2013.
- How does Ecuador rank for compensation of employees?
- Ecuador ranks 109th out of 156 countries with data for 2022.
- Is compensation of employees rising or falling in Ecuador?
- Over the last ten years it is up 17.1%. The long-run trend across the full record is rising.
- Where does this Ecuador data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.