Portugal Wage Growth in Services

Wages in Portugal increased 4.90 percent in March of 2019 over the same month in the previous year. Wage Growth in Portugal averaged -0.07 percent from 2006 until 2019, reaching an all time high of 8.50 percent in November of 2018 and a record low of -10.10 percent in November of 2012.

Wage Growth in Portugal is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Portugal to stand at 2.60 in 12 months time. In the long-term, the Portugal Wage Growth in Services is projected to trend around 2.60 percent in 2020, according to our econometric models.

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Portugal Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	6.80	6.70	17.50	3.70	percent	[+]
Employed Persons	4821.80	4810.50	5007.40	4215.20	Thousand	[+]
Unemployed Persons	347.20	343.80	927.70	174.60	Thousand	[+]
Part Time Employment	523.60	516.10	678.90	505.00	Thousand	[+]
Full Time Employment	4356.60	4367.00	4516.50	3725.70	Thousand	[+]
Employment Rate	55.10	55.10	59.20	48.80	percent	[+]
Labor Force Participation Rate	59.10	59.10	62.50	58.10	percent	[+]
Long Term Unemployment Rate	2.70	2.90	9.40	1.40	percent	[+]
Youth Unemployment Rate	17.20	17.20	41.40	11.10	percent	[+]
Labour Costs	96.70	112.00	112.50	63.20	Index Points	[+]
Job Vacancies	12089.00	10805.00	17645.00	1083.00		[+]
Wages	1166.86	1150.62	1166.86	809.34	EUR/Month	[+]
Wages in Manufacturing	108.06	104.55	146.58	85.38	Index Points	[+]
Wage Growth	4.90	4.70	8.50	-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	-8926.00	-8070.00	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	99.60	100.40	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	0.40	0.50	1.30	-3.00	percent	[+]

Portugal Wage Growth in Services

In Portugal, wage growth in the service sector refers to the annual change of the index of gross wages and salaries in services. The service sector contributes to 77 percent of gross value added and employs about 68 percent of the population. This page provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Wage Growth in Services - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.90	4.70	8.50	-10.10	2006 - 2019	percent	Monthly	NSA

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Country	Last		Previous	Range
Argentina	3.58	Mar/19	2.74	6.33 : 0.74	%
Australia	2.30	Mar/19	2.3	4.3 : 1.9	%
Canada	1.90	Mar/19	1.2	5.5 : -0.4	%
Euro Area	2.30	Dec/18	2.3	3.4 : 0.8	%
France	0.20	Dec/18	0.3	1 : 0.1	%
Germany	1.40	Dec/18	1.5	2.7 : -1.4	%
Italy	1.50	Apr/19	1.5	15.8 : 0.3	%
Japan	-0.10	Apr/19	-1.3	35.02 : -7.1	%
Netherlands	2.16	May/19	2.34	4.71 : 0.44	%
Russia	1.60	Apr/19	2.3	27.2 : -41.4	%
Switzerland	0.50	Mar/19	0.5	7.8 : 0.1	%
United Kingdom	3.10	Apr/19	3.3	6.6 : -2.6	%
United States	4.19	Mar/19	4.22	13.78 : -5.88	%