Wages in Portugal increased 2.90 percent in December of 2018 over the same month in the previous year. Wage Growth in Portugal averaged -0.18 percent from 2006 until 2018, reaching an all time high of 8.40 percent in November of 2018 and a record low of -10.10 percent in November of 2012.
Wage Growth in Portugal is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Portugal to stand at 2.50 in 12 months time. In the long-term, the Portugal Wage Growth in Services is projected to trend around 2.60 percent in 2020, according to our econometric models.