Minimum Wages in Portugal increased to 740.83 EUR/Month in the first quarter of 2020 from 700 EUR/Month in the fourth quarter of 2019. Portugal Gross Minimum Monthly Wage - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Minimum Wages in Portugal averaged 519.40 EUR/Month from 1999 until 2020, reaching an all time high of 740.83 EUR/Month in the first quarter of 2020 and a record low of 356.72 EUR/Month in the fourth quarter of 1999. This page provides - Portugal Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Portugal is expected to be 741.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Portugal to stand at 741.00 in 12 months time. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 780.00 EUR/Month in 2021, according to our econometric models.

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Portugal Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
740.83 700.00 740.83 356.72 1999 - 2020 EUR/Month Quarterly

Portugal Gross Minimum Monthly Wage
Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Portugal, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 600 x 14) / 12 = EUR 700.