Wages in Portugal increased to 1049 EUR/Month in the fourth quarter of 2023 from 1046 EUR/Month in the third quarter of 2023. Wages in Portugal averaged 844.34 EUR/Month from 1998 until 2023, reaching an all time high of 1049.00 EUR/Month in the fourth quarter of 2023 and a record low of 508.00 EUR/Month in the fourth quarter of 1998. source: Statistics Portugal
Wages in Portugal is expected to be 1094.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Average Net Monthly Wage is projected to trend around 1100.00 EUR/Month in 2025 and 1119.00 EUR/Month in 2026, according to our econometric models.
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Employed Persons | 5006.50 | 4992.00 | Thousand | Mar 2024 |
| Employment Change | -0.10 | 0.10 | percent | Dec 2023 |
| Employment Rate | 56.90 | 57.40 | percent | Dec 2023 |
| Full Time Employment | 4580.00 | 4606.30 | Thousand | Dec 2023 |
| Job Vacancies | 11087.00 | 9075.00 | Mar 2024 | |
| Labor Force Participation Rate | 61.00 | 61.10 | percent | Dec 2023 |
| Labour Costs | 135.77 | 119.12 | points | Dec 2023 |
| Long Term Unemployment Rate | 2.40 | 2.30 | percent | Dec 2023 |
| Minimum Wages | 956.67 | 886.67 | EUR/Month | Mar 2024 |
| Part Time Employment | 400.60 | 409.10 | Thousand | Dec 2023 |
| Population | 10.47 | 10.35 | Million | Dec 2023 |
| Productivity | 111.94 | 109.50 | points | Dec 2023 |
| Retirement Age Men | 66.33 | 66.33 | Years | Dec 2024 |
| Retirement Age Women | 66.33 | 66.33 | Years | Dec 2024 |
| Unemployed Persons | 355.40 | 368.20 | Thousand | Mar 2024 |
| Unemployment Change | -6392.00 | -4045.00 | persons | Mar 2024 |
| Unemployment Rate | 6.50 | 6.60 | percent | Mar 2024 |
| Wage Growth | 5.50 | 5.90 | percent | Jan 2024 |
| Wages | 1049.00 | 1046.00 | EUR/Month | Dec 2023 |
| Wages in Manufacturing | 132.61 | 177.36 | points | Jan 2024 |
| Youth Unemployment Rate | 23.10 | 23.80 | percent | Feb 2024 |
Portugal Average Net Monthly Wage
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 1049.00 | 1046.00 | 1049.00 | 508.00 | 1998 - 2023 | EUR/Month | Quarterly | NSA |
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