Minimum wages in Portugal increased to 676.67 EUR/Month in 2018 from 649.83 EUR/Month in 2017. Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Portugal, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 580 x 14) / 12 = EUR 676.67. Minimum Wages in Portugal averaged 504.83 EUR/Month from 1999 until 2018, reaching an all time high of 676.67 EUR/Month in the second quarter of 2018 and a record low of 356.72 EUR/Month in the fourth quarter of 1999.
Minimum Wages in Portugal is expected to be 676.67 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Portugal to stand at 700.00 in 12 months time. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 720.00 EUR/Month in 2020, according to our econometric models.