Portugal's unemployment rate stood at 6.7 percent in the third quarter of 2018, unchanged from the previous period's 14-year low. The number of unemployed was flat at 352.7 thousand while the number of employed increased by 0.6 percent to 4.90 million, pushing up the employment rate to 55.4 percent from 55.1 percent and the labour force participation rate to 59.4 percent from 59 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 20 percent in the third quarter from 19.4 percent in the previous three-month period. Unemployment Rate in Portugal averaged 7.81 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 6.90 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 5.60 in 12 months time. In the long-term, the Portugal Unemployment Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

Portugal Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-05-09 10:00 AM Unemployment Rate 7.9% 8.1% 8.4%
2018-08-08 10:00 AM Unemployment Rate 6.7% 7.9% 7%
2018-11-07 11:00 AM Unemployment Rate 6.7% 6.7% 6.4%


Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.70 6.70 17.50 3.70 percent [+]
Employed Persons 4821.90 4826.40 5007.40 4215.20 Thousand [+]
Unemployed Persons 340.10 345.40 927.70 174.60 Thousand [+]
Part Time Employment 505.00 507.30 678.90 505.00 Thousand [+]
Full Time Employment 4397.70 4366.80 4516.50 3725.70 Thousand [+]
Employment Rate 55.40 55.10 59.20 48.80 percent [+]
Labor Force Participation Rate 59.40 59.00 62.50 58.10 percent [+]
Long Term Unemployment Rate 3.10 3.70 9.40 1.40 percent [+]
Youth Unemployment Rate 19.60 19.50 41.30 11.10 percent [+]
Labour Costs 103.20 95.50 112.50 63.20 Index Points [+]
Job Vacancies 12064.00 10411.00 17645.00 1083.00 [+]
Wages 1148.29 1144.61 1148.29 809.34 EUR/Month [+]
Wage Growth 3.50 3.30 7.80 -10.10 percent [+]
Wages in Manufacturing 103.36 119.98 140.15 85.38 Index Points [+]
Minimum Wages 676.67 676.67 676.67 356.72 EUR/Month [+]
Population 10.29 10.31 10.57 8.62 Million [+]
Retirement Age Women 66.33 66.25 66.33 65.00 [+]
Retirement Age Men 66.33 66.25 66.33 65.00 [+]
Unemployment Change 788.00 7560.00 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 101.80 98.80 111.50 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 -0.30 1.00 1.20 -3.00 percent [+]


Portugal Unemployment Rate

In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.70 6.70 17.50 3.70 1983 - 2018 percent Quarterly
NSA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


Related

Latest