Labour Costs in Portugal increased to 118.10 points in the second quarter of 2020 from 99.20 points in the first quarter of 2020.

Labour Costs in Portugal averaged 90.82 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 October of 2020.

Labour Costs in Portugal is expected to be 91.55 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 110.27 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
118.10 99.20 118.10 62.10 1995 - 2020 points Quarterly
NSA, 2010=100

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 6.70 17.50 3.70 percent [+]
Employed Persons 4737.40 4706.00 5007.40 4215.20 Thousand [+]
Unemployed Persons 406.80 388.80 927.70 174.60 Thousand [+]
Part Time Employment 456.10 485.10 678.90 456.10 Thousand [+]
Full Time Employment 4275.10 4380.80 4516.50 3725.70 Thousand [+]
Employment Rate 53.20 54.70 59.20 48.80 percent [+]
Labor Force Participation Rate 56.30 58.60 62.50 56.30 percent [+]
Long Term Unemployment Rate 1.70 2.50 9.40 1.40 percent [+]
Youth Unemployment Rate 26.30 27.40 41.40 11.10 percent [+]
Labour Costs 118.10 99.20 118.10 62.10 points [+]
Job Vacancies 9169.00 9345.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 122.76 135.47 149.34 85.00 points [+]
Wage Growth -7.50 -9.00 8.50 -12.80 percent [+]
Minimum Wages 740.83 740.83 740.83 356.72 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 2029.00 637.00 48562.00 -31613.00 [+]
Productivity 113.00 104.20 113.00 77.80 points [+]
Employment Change -3.40 -0.50 1.30 -3.40 percent [+]