Wages in Portugal increased 4 percent in July of 2021 over the same month in the previous year. source: Statistics Portugal

Wage Growth in Portugal averaged -0.07 percent from 2006 until 2021, reaching an all time high of 10.10 percent in May of 2021 and a record low of -13 percent in May of 2020. This page provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Wage Growth in Services - values, historical data and charts - was last updated on October of 2021.

Wage Growth in Portugal is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Wage Growth in Services is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Portugal Wage Growth in Services

Portugal Last Unit Reference Previous Highest Lowest
Unemployment Rate 6.70 percent Jun/21 7.10 18.50 3.70
Unemployed Persons 319.50 Thousand Aug/21 321.70 927.70 174.60
Employed Persons 4814.30 Thousand Aug/21 4867.70 5007.40 4215.20
Part Time Employment 364.00 Thousand Jun/21 376.80 678.90 364.00
Full Time Employment 4446.50 Thousand Jun/21 4304.80 4516.50 3725.70
Employment Rate 55.30 percent Jun/21 53.90 59.20 46.70
Labor Force Participation Rate 59.30 percent Jun/21 58.00 62.50 56.00
Wages in Manufacturing 129.58 points Aug/21 144.37 150.02 85.00
Wage Growth 4.00 percent Jul/21 8.80 10.10 -13.00

Portugal Wage Growth in Services
In Portugal, wage growth in the service sector refers to the annual change of the index of gross wages and salaries in services. The service sector contributes to 77 percent of gross value added and employs about 68 percent of the population.