Unemployment Rate in Portugal remained unchanged at 6.70 percent in the fourth quarter of 2018 from 6.70 percent in the third quarter of 2018. Unemployment Rate in Portugal averaged 7.80 percent from 1983 until 2018, reaching an all time high of 17.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000.
Unemployment Rate in Portugal is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Portugal to stand at 6.50 in 12 months time. In the long-term, the Portugal Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.