Labour Costs in Portugal increased to 123.90 points in the fourth quarter of 2020 from 105.60 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Portugal averaged 91.28 points from 1995 until 2020, reaching an all time high of 123.90 points in the fourth quarter of 2020 and a record low of 62.10 points in the first quarter of 1995. This page provides - Portugal Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unit Labour Costs - values, historical data and charts - was last updated on April of 2021.

Labour Costs in Portugal is expected to be 117.33 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 120.38 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 120.38 points in 2022 and 112.48 points in 2023, according to our econometric models.

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Portugal Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
123.90 105.60 123.90 62.10 1995 - 2020 points Quarterly
NSA, 2010=100

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 7.80 17.50 3.70 percent [+]
Employed Persons 4644.90 4647.30 5007.40 4215.20 Thousand [+]
Unemployed Persons 361.50 375.70 927.70 174.60 Thousand [+]
Part Time Employment 467.50 485.20 678.90 456.10 Thousand [+]
Full Time Employment 4392.10 4314.60 4516.50 3725.70 Thousand [+]
Employment Rate 54.50 53.90 59.20 48.80 percent [+]
Labor Force Participation Rate 58.70 58.40 62.50 56.30 percent [+]
Long Term Unemployment Rate 2.40 1.70 9.40 1.40 percent [+]
Youth Unemployment Rate 21.60 24.60 41.40 11.10 percent [+]
Labour Costs 123.90 105.60 123.90 62.10 points [+]
Job Vacancies 7677.00 9868.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 107.98 107.01 149.34 85.00 points [+]
Wage Growth -4.10 -6.20 8.50 -12.80 percent [+]
Minimum Wages 775.83 740.83 775.83 356.72 EUR/Month [+]
Population 10.30 10.28 10.57 8.62 Million [+]
Retirement Age Women 66.50 66.42 66.50 65.00 [+]
Retirement Age Men 66.50 66.42 66.50 65.00 [+]
Employment Change 1.90 1.30 1.90 -3.50 percent [+]
Unemployment Change 3967.00 -5267.00 48562.00 -31613.00 [+]
Productivity 100.20 102.10 113.00 77.80 points [+]