Workers' remittances paid reached 371 USD mil in 2017 in Ecuador, according to the National Statistical Office. This is 22.9 % more than in the previous year.
Historically, workers' remittances paid in Ecuador reached an all time high of 371 USD mil in 2017 and an all time low of 2.00 USD mil in 1990. When compared to Ecuador's main peers, workers' remittances paid in Brazil amounted to 2,238 USD mil, 292 USD mil in Colombia and 839 USD mil in Panama in 2017.
Ecuador has been ranked 68th within the group of 142 countries we follow in terms of workers' remittances paid, 24 places above the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.