Labour Costs in Portugal decreased to 97.80 Index Points in the third quarter of 2019 from 103.90 Index Points in the second quarter of 2019. Labour Costs in Portugal averaged 90.62 Index Points from 1995 until 2019, reaching an all time high of 112.50 Index Points in the fourth quarter of 2009 and a record low of 63.20 Index Points in the first quarter of 1995.

Labour Costs in Portugal is expected to be 99.21 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 99.95 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 104.81 points in 2020, according to our econometric models.

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Portugal Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
97.80 103.90 112.50 63.20 1995 - 2019 points Quarterly
NSA, 2010=100

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.30 17.50 3.70 percent [+]
Employed Persons 4840.60 4869.40 5007.40 4215.20 Thousand [+]
Unemployed Persons 351.60 343.60 927.70 174.60 Thousand [+]
Part Time Employment 490.30 518.70 678.90 490.30 Thousand [+]
Full Time Employment 4457.50 4398.00 4516.50 3725.70 Thousand [+]
Employment Rate 55.80 55.50 59.20 48.80 percent [+]
Labor Force Participation Rate 59.50 59.20 62.50 58.10 percent [+]
Long Term Unemployment Rate 2.80 2.90 9.40 1.40 percent [+]
Youth Unemployment Rate 19.00 18.30 41.40 11.10 percent [+]
Labour Costs 97.80 103.90 112.50 63.20 points [+]
Job Vacancies 9020.00 11013.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 139.97 107.45 146.86 85.00 points [+]
Wage Growth 3.30 6.10 8.50 -10.10 percent [+]
Minimum Wages 700.00 700.00 700.00 356.72 EUR/Month [+]
Population 10.29 10.31 10.57 8.62 Million [+]
Retirement Age Women 66.42 66.33 66.42 65.00 [+]
Retirement Age Men 66.42 66.33 66.42 65.00 [+]
Unemployment Change 5942.00 -1263.00 35638.00 -31613.00 [+]
Wages Low Skilled 659.00 626.00 687.00 626.00 EUR/Month [+]
Wages High Skilled 1430.00 1340.00 1430.00 1340.00 EUR/Month [+]
Productivity 111.70 102.80 111.70 78.00 points [+]
Living Wage Family 990.00 960.00 990.00 800.00 EUR/Month [+]
Living Wage Individual 670.00 650.00 670.00 505.00 EUR/Month [+]
Employment Change 0.30 -0.30 1.30 -3.00 percent [+]