Unemployment Rate for Ecuador

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 4.77 percent as of 12/31/2024, the highest value since 12/31/2021.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.26 percentage points compared to the value the year prior.
The 1 year change in percentage points is 1.26.
The 3 year change in percentage points is 0.221.
The 5 year change in percentage points is 0.961.
The 10 year change in percentage points is 1.29.

The Serie's long term average value is 4.20 percent. It's latest available value, on 12/31/2024, is 0.57 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2013, to it's latest available value, on 12/31/2024, is +1.69.
The Serie's change in percentage points from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2024, is -1.35.