Portugal Unit Labour Costs - Forecast

Labour Costs in Portugal is expected to be 98.80 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 97.74 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 103.20 Index Points in 2020, according to our econometric models.


Portugal Unit Labour Costs
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Portugal Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 8.1 7.9 7.7 8 8.2 7
Employed Persons 4739 4820 4850 4890 4910 4990
Unemployed Persons 422 402 400 398 396 392
Part Time Employment 532 540 550 560 570 600
Full Time Employment 4273 4340 4360 4380 4400 4510
Employment Rate 54.3 54.6 54.7 54.8 54.9 55.1
Labor Force Participation Rate 59 59.6 59.7 59.8 59.9 60.1
Long Term Unemployment Rate 3.8 4 3.8 3.8 3.8 3.2
Youth Unemployment Rate 21.4 21.6 21.4 21.2 21 19.9
Labour Costs 106 98.8 96.46 102 97.74 103
Job Vacancies 15030 14150 12100 10185 16100 10412
Wages 1145 1220 1240 1250 1280 1410
Wage Growth 5.6 4.1 3.8 2.5 2.2 2.7
Wages in Manufacturing 101 115 105 145 115 170
Minimum Wages 677 677 677 677 700 720
Population 10.31 10.27 10.27 10.27 10.24 10.21
Retirement Age Women 66.33 66.33 66.33 66.33 66.42 66.5
Retirement Age Men 66.33 66.33 66.33 66.33 66.42 66.5
Unemployment Change -11269 -24400 -7500 -3700 -12100 -3200
Wages Low Skilled 615 650 650 650 700 750
Wages High Skilled 1360 1450 1450 1450 1500 1650
Productivity 103 104 110 103 99.7 104
Living Wage Family 870 890 890 890 1150 1205
Living Wage Individual 595 650 650 650 700 850
Employment Change 0.7 0.5 0.6 0.7 0.6 0.5