Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Portugal Wages: Minimum and Average

Portugal Wages Data

Indicator Data Period
Minimum Wages 887 EUR/Month | 941.014 USD/Month 3Q/23
Wages 1044 EUR/ Month | 1107.575 USD/Month 2023
Wage Growth  11.6 % Jul/23
Wages High Skilled 1430 EUR/Month | 1612.176 USD/Month 2018
Wages Low Skilled  659 EUR/Month | 742.954 USD/Month 2018


Latest data on Minimum Wages (EUR/Month)

Minimum Wages
                     Portugal - Historical Data (EUR/Month)

What is minimum wage in Portugal?

  • Minimum Wages in Portugal remained unchanged at 887 EUR/Month (941.014 USD/Month) in the third quarter of 2023. The maximum rate of minimum wage for employees was 776 EUR/Month and minimum was 357 EUR/Month.
  • Data published Quarterly by Eurostat.

Historical Data (EUR/Month) by years

Data
Period
Date
887 3Q/23 16.08.2023
887 1Q/23 16.01.2023
822 3Q/22 09.01.2023
822 2Q/22 04.10.2022
822 1Q/22 19.05.2022
776 3Q/21 28.09.2021
776 1Q/21 05.02.2021
776 4Q/21 09.12.2020


Historical Chart by presidents (EUR/Month)

Minimum Wages in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Marcelo Rebelo 09.03.2016 - 618.3300 676.0000 676.6700 618.3300 9.33%
Aníbal Silva 09.03.2006 - 09.03.2016 449.9800 589.1700 589.1700 449.9800 30.93%
Jorge Sampaio 09.03.1996 - 09.03.2006 356.7200 437.1500 437.1500 356.7200 22.55%


Latest data on Wages (EUR/ Month)

Wages
                     Portugal - Historical Data (EUR/ Month)

What is average wage in Portugal?

  • Average Wages in Portugal increased to 1044 EUR/ Month (1107.575 USD/Month) in 2023. The maximum rate of average wage for employees was 1188 EUR/ Month and minimum was 809 EUR/ Month.
  • Data published Yearly by Office For Strategic Planning.

Historical Data (EUR/ Month) by years

Data
Period
Date
1044 2023 12.08.2023
1025 2023 24.05.2023
1188 2019 21.01.2020
1171 2018 29.10.2019
1166.86 2018 08.04.2019
1150.62 2017 06.03.2019
1148.29 2017 12.09.2018
1144.61 2016 21.06.2018


Historical Chart by presidents (EUR/ Month)

Wages in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Marcelo Rebelo 09.03.2016 - 1144.6100 1144.6100 1144.6100 1144.6100 0.00%


Latest data on Wage Growth  (%)

Wage Growth 
                     Portugal - Historical Data (%)

What is the growth rate of wages in Portugal?

  • Wage Growth in Portugal increased by 11.6 % in July 2023 over the same month in the previous year. The maximum growth was 8.5 % and minimum was -13 %
  • Data published Monthly by Statistics.

Historical Data (%) by years

Data
Period
Date
11.6 Jul/23 20.09.2023
11.8 Jun/23 16.08.2023
11 Apr/23 13.06.2023
11.3 Mar/23 17.05.2023
14.2 Feb/23 24.04.2023
12.9 Jan/23 13.03.2023
10.6 Nov/22 16.01.2023
9.8 Oct/22 02.01.2023


Historical Chart by YoY presidents (%)

Wage Growth  in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Wages High Skilled (EUR/Month)

Wages High Skilled
                     Portugal - Historical Data (EUR/Month)

How much is average wage for high skilled employees in Portugal?

  • Average wages for high skilled employees in Portugal increased to 1430 EUR/Month (1612.176 USD/Month). The maximum level was 1430 EUR/Month and minimum was 1340 EUR/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (EUR/Month) by years

Data
Period
Date
1430 2018 04.07.2019


Historical Chart by presidents (EUR/Month)

Wages High Skilled in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Wages Low Skilled  (EUR/Month)

Wages Low Skilled 
                     Portugal - Historical Data (EUR/Month)

How much is average wage for low skilled employees in Portugal?

  • Average wages for low skilled employees in Portugal increased to 659 EUR/Month (742.954 USD/Month). The maximum level was 687 EUR/Month and minimum was 626 EUR/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (EUR/Month) by years

Data
Period
Date
659 2018 04.07.2019


Historical Chart by presidents (EUR/Month)

Wages Low Skilled  in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Portugal

Index Updated Actual Previous
Retirement Age Men 2022 66.58 66.5
Unemployment Rate 2Q/23 6.1 % 7.2
Job Vacancies Aug/23 9.493 K 9.342
Labor Force Participation Rate 2Q/23 60.8 % 60.8
Living Wage Individual 2018 755.355 USD/Month 732.807

Wages in other countries

Country Updated Actual Previous
Austria 2021 2674.517 USD/Month 3100.997
Ireland 2Q/23 3861.659 USD/Month 3921.069
Luxembourg 2022 6692.128 USD/Month 6394.017
Spain 2Q/23 2400.806 USD/Month 2256.525
Iceland 2022 5859.446 USD/Month 5569.374
Norway 2Q/23 4976.271 USD/Month 4885.96
Belarus Aug/23 693.605 USD/Month 683.353
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Jun/23 1045.294 USD/Month 1049.634
Croatia Jul/23 1141 USD/Month 1150
Cyprus 2Q/23 2387.015 USD/Month 2388.076
Czech Republic 2Q/23 1865.756 USD/Month 1783.943
Denmark 2021 6341.338 USD/Month 6203.397
Estonia 2Q/23 1987.057 USD/Month 1847.019
Euro Area 1Q/23 2239.55 USD/Month 2198.175
Finland 2Q/23 4119.457 USD/Month 4049.438
France 2021 3523.234 USD/Month 3500.955
Germany 4Q/21 4349.671 USD/Month 4217.059
Hungary Jul/23 1537.104 USD/Month 1558.236
Italy 2022 2786.972 USD/Month 2656.482
Latvia Jun/23 1196.69 USD/Month 1198.812
Lithuania 2Q/23 2121.791 USD/Month 2079.355
Macedonia Jul/23 938.822 USD/Month 943.754
Malta 2Q/23 161.875 USD/Month 163.378
Moldova 2Q/23 670.134 USD/Month 632.158
Montenegro Aug/23 1055.591 USD/Month 1053.469
Poland 2Q/23 1644.292 USD/Month 1671.986
Portugal 2023 1107.575 USD/Month 1087.418
Romania Jul/23 1563.428 USD/Month 1573.471
Russia Jul/23 730.402 USD/Month 783.429
Serbia Jul/23 758.594 USD/Month 774.512
Slovakia Jul/23 1562.699 USD/Month 1607.257
Slovenia Jul/23 2336.092 USD/Month 2340.335
Sweden Jul/23 2832.482 USD/Month 2861.834
Switzerland 2022 7442.892 USD/Month 7376.358
Ukraine Jan/22 398.627 USD/Month 477.275
United Kingdom Aug/19 2798.54 USD/Month
Albania 2Q/23 712.412 USD/Month 650.128
Bosnia and Herzegovina Jul/23 1054.573 USD/Month 1059.998
Kosovo Dec/18 558.79 USD/Month 559.9