Portugal Average Nominal Monthly Wage  Forecast


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Wages in Portugal is expected to be 1190.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Portugal to stand at 1034.76 in 12 months time. In the long-term, the Portugal Average Nominal Monthly Wage is projected to trend around 1410.00 EUR/Month 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 4726 4740 4780 4820 4692 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 5.3 5.8 5.7 5.6 4.15 5.2
Youth Unemployment Rate 25.7 23 22.8 22.6 24.72 21.7
Labour Costs 100 102 93.4 98.8 93.68 103
Job Vacancies 11987 10110 16200 16150 10836 10412
Wages 1130 1190 1190 1220 1035 1410
Wages in Manufacturing 99.29 123 98.2 105 101 125
Wage Growth 4.9 2.4 2.3 2.3 1.6 2.7
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 102 103 99.6 104 111 104
Living Wage Family 870 850 890 890 870 1205
Living Wage Individual 595 690 750 750 551 910
Employment Change 0.7 0.4 0.3 0.5 0.44 0.5