Labour Costs in Portugal decreased to 98.30 points in the first quarter of 2020 from 111.20 points in the fourth quarter of 2019.

Labour Costs in Portugal averaged 90.54 points from 1995 until 2020, reaching an all time high of 112.40 points in the fourth quarter of 2009 and a record low of 62.10 points in the first quarter of 1995. This page provides - Portugal Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unit Labour Costs - values, historical data and charts - was last updated on July of 2020.

Labour Costs in Portugal is expected to be 100.14 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Portugal to stand at 100.46 in 12 months time. In the long-term, the Portugal Unit Labour Costs is projected to trend around 116.15 points in 2021 and 119.17 points in 2022, according to our econometric models.

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Portugal Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
98.30 111.20 112.40 62.10 1995 - 2020 points Quarterly
NSA, 2010=100

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.70 6.70 17.50 3.70 percent [+]
Employed Persons 4662.60 4750.90 5007.40 4215.20 Thousand [+]
Unemployed Persons 257.90 318.60 927.70 174.60 Thousand [+]
Part Time Employment 485.10 500.10 678.90 485.10 Thousand [+]
Full Time Employment 4380.80 4407.60 4516.50 3725.70 Thousand [+]
Employment Rate 54.70 55.30 59.20 48.80 percent [+]
Labor Force Participation Rate 58.60 59.30 62.50 58.10 percent [+]
Long Term Unemployment Rate 2.50 2.80 9.40 1.40 percent [+]
Youth Unemployment Rate 19.50 20.60 41.40 11.10 percent [+]
Labour Costs 98.30 111.20 112.40 62.10 points [+]
Job Vacancies 6971.00 3142.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 105.90 103.97 149.34 85.00 points [+]
Wage Growth 1.70 5.90 8.50 -10.10 percent [+]
Minimum Wages 740.83 700.00 740.83 356.72 EUR/Month [+]
Population 10.28 10.29 10.57 8.62 Million [+]
Retirement Age Women 66.42 66.42 66.42 65.00 [+]
Retirement Age Men 66.42 66.42 66.42 65.00 [+]
Unemployment Change 16611.00 48562.00 48562.00 -31613.00 [+]
Productivity 104.10 103.80 104.10 77.80 points [+]
Employment Change -0.50 0.00 1.30 -3.00 percent [+]