Minimum wages in Portugal increased to EUR 700 per month in 2019 from EUR 676.67 per month in 2018. 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. Minimum Wages in Portugal averaged 509.59 EUR/Month from 1999 until 2019, reaching an all time high of 700 EUR/Month in the second quarter of 2019 and a record low of 356.72 EUR/Month in the fourth quarter of 1999.

Minimum Wages in Portugal is expected to be 700.00 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 725.00 in 12 months time. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 750.00 EUR/Month in 2020, according to our econometric models.

Portugal Gross Minimum Monthly Wage
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Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.70 6.70 17.50 3.70 percent [+]
Employed Persons 4809.40 4807.80 5007.40 4215.20 Thousand [+]
Unemployed Persons 343.90 361.80 927.70 174.60 Thousand [+]
Part Time Employment 516.10 505.00 678.90 505.00 Thousand [+]
Full Time Employment 4367.00 4397.70 4516.50 3725.70 Thousand [+]
Employment Rate 55.10 55.40 59.20 48.80 percent [+]
Labor Force Participation Rate 59.10 59.40 62.50 58.10 percent [+]
Long Term Unemployment Rate 2.90 3.10 9.40 1.40 percent [+]
Youth Unemployment Rate 16.40 17.60 41.40 11.10 percent [+]
Labour Costs 112.00 96.70 112.50 63.20 Index Points [+]
Job Vacancies 10805.00 12515.00 17645.00 1083.00 [+]
Wages 1166.86 1150.62 1166.86 809.34 EUR/Month [+]
Wages in Manufacturing 104.55 104.27 146.58 85.38 Index Points [+]
Wage Growth 2.90 8.40 8.40 -10.10 percent [+]
Minimum Wages 700.00 676.67 700.00 356.72 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 4138.00 656.00 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 100.40 108.70 111.50 78.00 Index 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 0.50 0.00 1.30 -3.00 percent [+]


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. This page provides - Portugal Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
700.00 676.67 700.00 356.72 1999 - 2019 EUR/Month Quarterly




Country Last Previous
Argentina 11900.00 Apr/19
Australia 719.20 Jul/18
Brazil 998.00 Apr/19
Canada 14.00 Dec/19
China 2480.00 Apr/19
France 1521.22 Dec/19
Germany 9.19 Jan/19
Indonesia 3.94 Jan/19
Japan 874.00 Oct/18
Mexico 102.68 Mar/19
Netherlands 1615.80 Jun/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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