Minimum Wages in Portugal will be EUR 775.83 per month in 2021. 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 665 x 14) / 12 = EUR 775.83. source: EUROSTAT

Minimum Wages in Portugal averaged 535.36 EUR/Month from 1999 until 2021, reaching an all time high of 775.83 EUR/Month in the second quarter of 2021 and a record low of 356.72 EUR/Month in the fourth quarter of 1999. This page provides - Portugal Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Gross Minimum Monthly Wage - values, historical data and charts - was last updated on January of 2021.

Minimum Wages in Portugal is expected to be 741.00 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 776.00 in 12 months time. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 776.00 EUR/Month in 2021 and 790.00 EUR/Month in 2022, according to our econometric models.

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Portugal Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
775.83 775.83 775.83 356.72 1999 - 2021 EUR/Month Quarterly

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 5.60 17.50 3.70 percent [+]
Employed Persons 4802.30 4767.60 5007.40 4215.20 Thousand [+]
Unemployed Persons 379.50 391.10 927.70 174.60 Thousand [+]
Part Time Employment 485.20 456.10 678.90 456.10 Thousand [+]
Full Time Employment 4314.60 4275.10 4516.50 3725.70 Thousand [+]
Employment Rate 53.90 53.20 59.20 48.80 percent [+]
Labor Force Participation Rate 58.40 56.30 62.50 56.30 percent [+]
Long Term Unemployment Rate 2.40 1.70 9.40 1.40 percent [+]
Youth Unemployment Rate 23.30 23.90 41.40 11.10 percent [+]
Labour Costs 105.60 118.10 118.10 62.10 points [+]
Job Vacancies 8412.00 11456.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 142.74 107.78 149.34 85.00 points [+]
Wage Growth -7.50 -9.00 8.50 -12.80 percent [+]
Minimum Wages 775.83 775.83 775.83 356.72 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 -6620.00 843.00 48562.00 -31613.00 [+]
Productivity 102.10 113.00 113.00 77.80 points [+]
Employment Change -3.40 -0.50 1.30 -3.40 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 665 x 14) / 12 = EUR 775.83.