The unemployment rate in Portugal dropped to 6.3 percent in the second quarter of 2019 from 6.8 percent in the previous three-month period and below last year's 6.7 percent. It was the lowest jobless rate since the second quarter of 2004, as the number of unemployed declined by 7.1 percent from the previous quarter to 328.5 thousand and employment rose 0.7 percent to 4.92 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 18.1 percent from an eight-year low of 17.6 percent. The activity rate edged up 0.1 p.p. to 59.2 percent and the employment rate rose 0.4 p.p. to 55.5 percent. Unemployment Rate in Portugal averaged 7.79 percent from 1983 until 2019, reaching an all time high of 17.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000.

Unemployment Rate in Portugal is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Portugal to stand at 6.80 in 12 months time. In the long-term, the Portugal Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

Portugal Unemployment Rate
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-07 11:00 AM Unemployment Rate Q3 6.7% 6.7% 6.4%
2019-02-06 11:00 AM Unemployment Rate Q4 6.7% 6.7% 6.9%
2019-05-08 10:00 AM Unemployment Rate Q1 6.8% 6.7% 7%
2019-08-07 10:00 AM Unemployment Rate Q2 6.3% 6.8% 6.4%
2019-11-07 11:00 AM Unemployment Rate Q3 6.3% 5.9%


Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.30 6.80 17.50 3.70 percent [+]
Employed Persons 4887.80 4877.80 5007.40 4215.20 Thousand [+]
Unemployed Persons 311.40 319.30 927.70 174.60 Thousand [+]
Part Time Employment 518.70 523.60 678.90 505.00 Thousand [+]
Full Time Employment 4398.00 4356.60 4516.50 3725.70 Thousand [+]
Employment Rate 55.50 55.10 59.20 48.80 percent [+]
Labor Force Participation Rate 59.20 59.10 62.50 58.10 percent [+]
Long Term Unemployment Rate 2.70 2.70 9.40 1.40 percent [+]
Youth Unemployment Rate 17.60 19.30 41.40 11.10 percent [+]
Labour Costs 103.90 96.70 112.50 63.20 Index Points [+]
Job Vacancies 9375.00 11332.00 17645.00 1083.00 [+]
Wages 1170.63 1166.86 1170.63 809.34 EUR/Month [+]
Wages in Manufacturing 125.04 135.71 146.86 85.00 Index Points [+]
Wage Growth 3.40 3.60 8.50 -10.10 percent [+]
Minimum Wages 700.00 700.00 700.00 356.72 EUR/Month [+]
Population 10.29 10.31 10.57 8.62 Million [+]
Retirement Age Women 66.42 66.33 66.42 65.00 [+]
Retirement Age Men 66.42 66.33 66.42 65.00 [+]
Unemployment Change -901.00 -6980.00 35638.00 -31613.00 [+]
Wages Low Skilled 659.00 626.00 687.00 626.00 EUR/Month [+]
Wages High Skilled 1430.00 1340.00 1430.00 1340.00 EUR/Month [+]
Productivity 102.80 99.60 111.50 78.00 Index points [+]
Living Wage Family 990.00 960.00 990.00 800.00 EUR/Month [+]
Living Wage Individual 670.00 650.00 670.00 505.00 EUR/Month [+]
Employment Change -0.60 0.40 1.30 -3.00 percent [+]


Portugal Unemployment Rate

In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.30 6.80 17.50 3.70 1983 - 2019 percent Quarterly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.90 Jul/19
Brazil 11.80 Aug/19
Argentina 10.60 Jun/19
Italy 9.50 Aug/19
France 8.50 Jun/19
Euro Area 7.40 Aug/19
India 6.00 Dec/18
Saudi Arabia 5.60 Jun/19
Canada 5.50 Sep/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.90 Aug/19
Mexico 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
United States 3.50 Sep/19
Germany 3.10 Aug/19
South Korea 3.10 Aug/19
Japan 2.20 Aug/19
Singapore 2.20 Jun/19
Switzerland 2.10 Sep/19


Related

Latest