Compensation of employees in Ecuador
Ecuador: Compensation of employees 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 108th out of 156 countries with data for 2022, putting it in the middle of the range.
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
- Arms imports 25.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.1% (2022)
- Taxes on income, profits and capital gains 12.3% (2022)
- Taxes on goods and services 21.1% (2022)
- Net investment in nonfinancial assets 0.5% (2022)
- Net lending (+) / net borrowing (-) -0.0% (2022)
- Interest payments 4.7% (2022)
- Grants and other revenue 41.7% (2022)
- Interest payments 4.7% (2022)
- Other taxes 2.5% (2022)
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 108th 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.
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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.