Portugal Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Portugal is expected to be 59.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Portugal to stand at 60.00 in 12 months time. In the long-term, the Portugal Labor Force Participation Rate is projected to trend around 60.10 percent in 2020, according to our econometric models.


Forecast Data Chart
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Portugal Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.7 6.4 6.9 7.2 6.4 6
Employed Persons 4843 4850 4890 4910 4920 4990
Unemployed Persons 337 340 320 300 285 260
Part Time Employment 507 550 560 570 575 600
Full Time Employment 4367 4360 4380 4400 4420 4510
Employment Rate 55.1 54.7 54.8 54.9 55 55.9
Labor Force Participation Rate 59 59.7 59.8 59.9 60 60.1
Long Term Unemployment Rate 3.7 3.8 3.7 3.7 3.6 3.2
Youth Unemployment Rate 20.3 19.9 19.5 19.2 18.8 16.5
Labour Costs 103 96.7 107 102 97.4 108
Job Vacancies 10411 12100 10185 16100 14300 10412
Wages 1148 1240 1250 1280 1290 1410
Wage Growth 5.9 5.1 4.5 3.2 2.5 2.6
Wages in Manufacturing 131 105 145 109 119 157
Minimum Wages 677 677 677 700 700 720
Population 10.29 10.29 10.29 10.28 10.28 10.28
Retirement Age Women 66.33 66.33 66.33 66.42 66.42 66.5
Retirement Age Men 66.33 66.33 66.33 66.42 66.42 66.5
Unemployment Change 7560 -7500 -3700 -12100 -20500 -3200
Wages Low Skilled 615 650 650 700 700 750
Wages High Skilled 1360 1450 1450 1500 1500 1650
Productivity 102 110 103 99.7 104 104
Living Wage Family 870 890 890 1150 1150 1205
Living Wage Individual 595 650 650 700 700 850
Employment Change -0.3 0.6 0.7 0.6 0.5 0.5