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Economy, jobs and prices in Carchi, Ecuador: official figures

The unemployment rate in Carchi was 4.9% in 2025, above the national rate of 3.6%; 5th highest of the 24 provinces. In 2019 it was 4.9%.

Unemployment rate
4.9%
2025
Gross value added (US$ million, current prices)
US$581 million
2024 (provisional)

What share of workers in Carchi have adequate employment?

24.4% of the economically active population in Carchi had adequate employment in 2025 (full-time work at or above the minimum wage), against 37.1% nationally; 6th lowest of the 24 provinces. The 2019 figure was 28.7%.

Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

What is the underemployment rate in Carchi?

The underemployment rate in Carchi was 15.0% in 2025 (national 19.4%), 8th lowest of the 24 provinces; in 2019 it was 19.5%.

Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

How big is the informal sector in Carchi?

The informal sector accounted for 60.4% of employment in Carchi in 2025, above the national figure of 51.5%; 12th lowest of the 24 provinces. In 2018 it was 42.0%.

Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

How many people in Carchi work without pay?

The unpaid employment rate in Carchi was 18.2% in 2025 (national 8.8%), 8th highest of the 24 provinces. Unpaid work covers people who earn no labour income, such as unpaid family workers.

Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

What is the labour force participation rate in Carchi?

The labour force participation rate in Carchi was 64.9% in 2025 against 64.3% nationally, 10th lowest of the 24 provinces. Participation counts people aged 15 and over who work or look for work.

Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

How large is the economy of Carchi?

The Banco Central del Ecuador puts the gross value added of Carchi at US$581 million in 2024 (provisional, current prices), 0.5% of the national US$115.1 billion; 3rd lowest of the 24 provinces.

Source: Banco Central del Ecuador · saved copy

Is the economy of Carchi growing?

Gross value added in Carchi was US$542 million in 2023 and US$581 million in 2024, a change of +7.2% against +1.2% nationally. Compared with 2019 (before the pandemic) it is -4.0% in current prices (+14.0% nationally); 2nd lowest growth of the 24 provinces.

Source: Banco Central del Ecuador · saved copy

What is the GDP per person in Carchi?

Gross value added per person in Carchi was US$3,266 in 2024 (provisional), below the national average of US$6,407; 5th lowest of the 24 provinces. In 2018 it was US$3,284.

Source: Banco Central del Ecuador · saved copy

What are the main industries in Carchi?

The largest activity group in the economy of Carchi in 2024 was agriculture, livestock, forestry and fishing, with 28.2% of gross value added. Other groups: wholesale and retail trade 11.6%, manufacturing 2.7%, public administration and defence 15.8%.

Source: Banco Central del Ecuador · saved copy

How important is agriculture in Carchi?

Agriculture, livestock, forestry and fishing accounted for 28.2% of gross value added in Carchi in 2024, against 9.9% across the provinces; 4th highest of the 24 provinces.

Source: Banco Central del Ecuador · saved copy

How much of the economy of Carchi comes from oil and mining?

Oil and mining accounted for 0.2% of gross value added in Carchi in 2024 (all provinces together: 8.7%); 10th lowest of the 24 provinces.

Source: Banco Central del Ecuador · saved copy

How much of the economy of Carchi is public administration?

Public administration and defence made up 15.8% of gross value added in Carchi in 2024 and education 8.3%, against 7.5% and 5.1% across the provinces; for public administration it is 6th highest of the 24 provinces.

Source: Banco Central del Ecuador · saved copy

How Carchi compares with other provinces

Unemployment rate (2025)

Carchi ranks 5 of 24, highest first.

RankRegionUnemployment rate
2Pichincha6.6%
3Sucumbios6.5%
4Imbabura6.1%
5Carchi4.9%
6Loja4.0%
7El Oro3.9%
8Canar3.6%
Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

Adequate employment rate (2025)

Carchi ranks 19 of 24, highest first.

RankRegionAdequate employment rate
16Cotopaxi25.7%
17Esmeraldas25.0%
18Bolivar24.9%
19Carchi24.4%
20Pastaza24.1%
21Chimborazo21.6%
22Orellana17.8%
Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

Underemployment rate (2025)

Carchi ranks 17 of 24, highest first.

RankRegionUnderemployment rate
14Imbabura18.6%
15Orellana16.5%
16Sucumbios15.7%
17Carchi15.0%
18Zamora Chinchipe14.7%
19Loja14.2%
20Canar13.8%
Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

Informal sector share of employment (2025)

Carchi ranks 13 of 24, highest first.

RankRegionInformal sector share of employment
10Manabi61.7%
11Sucumbios61.5%
12Esmeraldas61.5%
13Carchi60.4%
14Loja60.0%
15Canar56.4%
16Santo Domingo de los Tsachilas54.6%
Source: Instituto Nacional de Estadística y Censos (INEC) · saved copy

Gross value added (current US$ million) (2024 (provisional))

Carchi ranks 22 of 24, highest first.

RankRegionGross value added (current US$ million)
18PastazaUS$893 million
19CanarUS$857 million
20BolivarUS$626 million
21NapoUS$589 million
22CarchiUS$581 million
23Morona SantiagoUS$559 million
24GalapagosUS$297 million
Source: Banco Central del Ecuador · saved copy

Gross value added per person (US$) (2024 (provisional))

Carchi ranks 20 of 24, highest first.

RankRegionGross value added per person (US$)
17CanarUS$3,611
18LojaUS$3,570
19EsmeraldasUS$3,468
20CarchiUS$3,266
21ImbaburaUS$3,252
22BolivarUS$3,064
23ChimborazoUS$2,740
Source: Banco Central del Ecuador · saved copy

Change in gross value added, 2019 to 2024 (current prices) (2024 (provisional))

Carchi ranks 23 of 24, highest first.

RankRegionChange in gross value added, 2019 to 2024 (current prices)
18Pichincha+6.1%
19Imbabura+1.7%
20Tungurahua-1.7%
21Chimborazo-2.8%
22Esmeraldas-3.0%
23Carchi-4.0%
24Galapagos-18.0%
Source: Banco Central del Ecuador · saved copy

Agriculture, livestock, forestry and fishing share of value added (2024 (provisional))

Carchi ranks 4 of 24, highest first.

RankRegionAgriculture, livestock, forestry and fishing share of value added
1Bolivar54.1%
2Los Rios50.2%
3Cotopaxi32.5%
4Carchi28.2%
5Esmeraldas25.1%
6El Oro22.9%
7Santo Domingo de los Tsachilas20.0%
Source: Banco Central del Ecuador · saved copy

Oil and mining share of value added (2024 (provisional))

Carchi ranks 15 of 24, highest first.

RankRegionOil and mining share of value added
12Santo Domingo de los Tsachilas0.3%
13Guayas0.3%
14Cotopaxi0.2%
15Carchi0.2%
16Bolivar0.2%
17Chimborazo0.1%
18Manabi0.1%
Source: Banco Central del Ecuador · saved copy

Public administration and defence share of value added (2024 (provisional))

Carchi ranks 6 of 24, highest first.

RankRegionPublic administration and defence share of value added
3Galapagos18.1%
4Chimborazo17.1%
5Loja16.5%
6Carchi15.8%
7Canar15.7%
8Imbabura14.0%
9Pastaza12.9%
Source: Banco Central del Ecuador · saved copy

More on Carchi: overview · health · education and schools · poverty and living standards · Ecuador

Sources

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