Labour Costs in Portugal increased to 103.90 Index Points in the second quarter of 2019 from 96.70 Index Points in the first quarter of 2019. Labour Costs in Portugal averaged 90.54 Index Points from 1995 until 2019, reaching an all time high of 112.50 Index Points in the fourth quarter of 2009 and a record low of 63.20 Index Points in the first quarter of 1995.
Labour Costs in Portugal is expected to be 98.92 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Portugal to stand at 114.91 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 120.38 Index Points in 2020, according to our econometric models.