Wages in Portugal increased 8 percent in February of 2026 over the same month in the previous year. Wage Growth in Portugal averaged 2.81 percent from 2006 until 2026, reaching an all time high of 21.30 percent in January of 2023 and a record low of -13.00 percent in May of 2020. source: Statistics Portugal
Wage Growth in Portugal is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Nominal Wage Growth in Services is projected to trend around 4.20 percent in 2027 and 2.90 percent in 2028, according to our econometric models.