Labour Costs in Portugal decreased to 105.60 points in the third quarter of 2020 from 118.10 points in the second quarter of 2020. source: EUROSTAT

Labour Costs in Portugal averaged 90.97 points from 1995 until 2020, reaching an all time high of 118.10 points in the second quarter of 2020 and a record low of 62.10 points in the first quarter of 1995. This page provides - Portugal Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unit Labour Costs - values, historical data and charts - was last updated on January of 2021.

Labour Costs in Portugal is expected to be 117.33 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Portugal to stand at 99.60 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 120.38 points in 2021 and 112.48 points in 2022, according to our econometric models.

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Portugal Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
105.60 118.10 118.10 62.10 1995 - 2020 points Quarterly
NSA, 2010=100

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 5.60 17.50 3.70 percent [+]
Employed Persons 4802.30 4767.60 5007.40 4215.20 Thousand [+]
Unemployed Persons 379.50 391.10 927.70 174.60 Thousand [+]
Part Time Employment 485.20 456.10 678.90 456.10 Thousand [+]
Full Time Employment 4314.60 4275.10 4516.50 3725.70 Thousand [+]
Employment Rate 53.90 53.20 59.20 48.80 percent [+]
Labor Force Participation Rate 58.40 56.30 62.50 56.30 percent [+]
Long Term Unemployment Rate 2.40 1.70 9.40 1.40 percent [+]
Youth Unemployment Rate 23.30 23.90 41.40 11.10 percent [+]
Labour Costs 105.60 118.10 118.10 62.10 points [+]
Job Vacancies 8412.00 11456.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 142.74 107.78 149.34 85.00 points [+]
Wage Growth -7.50 -9.00 8.50 -12.80 percent [+]
Minimum Wages 775.83 775.83 775.83 356.72 EUR/Month [+]
Population 10.28 10.29 10.57 8.62 Million [+]
Retirement Age Women 66.42 66.42 66.42 65.00 [+]
Retirement Age Men 66.42 66.42 66.42 65.00 [+]
Unemployment Change -6620.00 843.00 48562.00 -31613.00 [+]
Productivity 102.10 113.00 113.00 77.80 points [+]
Employment Change -3.40 -0.50 1.30 -3.40 percent [+]