Portugal Unit Labour Costs  Forecast


Portugal Unit Labour Costs
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Labour Costs in Portugal is expected to be 102.20 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 95.22 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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.5 8.9 9.5 9.1 8.2 7.5
Employed Persons 4713 4740 4780 4820 4697 4990
Unemployed Persons 442 479 472 466 419 445
Part Time Employment 508 586 589 594 571 610
Full Time Employment 4295 4230 4270 4310 4250 4440
Employment Rate 54.3 52.9 53 53.1 54.39 54
Labor Force Participation Rate 59.3 58.2 58.1 58 58.99 57.8
Long Term Unemployment Rate 4.6 5.8 5.7 5.6 3.14 5.2
Youth Unemployment Rate 25.6 23 22.8 22.6 25.1 21.7
Labour Costs 95.4 102 93.4 98.8 95.22 103
Job Vacancies 15068 10110 16200 16150 12134 10412
Wages 1130 1190 1190 1220 1035 1410
Wage Growth 4.9 2.4 2.3 2.3 1.6 2.7
Wages in Manufacturing 99.29 123 98.2 105 101 125
Minimum Wages 650 650 670 670 677 700
Population 10.31 10.31 10.27 10.27 10.27 10.21
Retirement Age Women 66.25 66.25 66.33 66.33 66 66.5
Retirement Age Men 66.25 66.25 66.33 66.33 66 66.5
Unemployment Change -7416 -3900 -16600 -24400 92.46 -3200
Wages Low Skilled 615 690 690 695 634 790
Wages High Skilled 1360 1480 1480 1540 1360 1750
Productivity 110 103 99.6 104 109 104
Living Wage Family 870 850 890 890 870 1205
Living Wage Individual 595 690 750 750 551 910
Employment Change 0.6 0.4 0.3 0.5 0.6 0.5