Minimum wages in Portugal stood at 822.5 EUR/Month in 2022. 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 705 x 14) / 12 = EUR 822.5 source: EUROSTAT
Minimum Wages in Portugal averaged 541.47 EUR/Month from 1999 until 2022, reaching an all time high of 822.50 EUR/Month in the first quarter of 2022 and a record low of 356.72 EUR/Month in the third quarter of 1999. This page provides - Portugal Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Gross Minimum Monthly Wage - values, historical data and charts - was last updated on June of 2022.
Minimum Wages in Portugal is expected to be 785.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 800.00 EUR/Month in 2023, according to our econometric models.