Minimum Wages in Portugal stood at EUR 740.83 per month in 2020. 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 600 x 14) / 12 = EUR 700.
Minimum Wages in Portugal averaged 524.43 EUR/Month from 1999 until 2020, reaching an all time high of 740.83 EUR/Month in the first quarter of 2020 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 October of 2020.
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 780.00 in 12 months time. In the long-term, the Portugal Gross Minimum Monthly Wage is projected to trend around 780.00 EUR/Month in 2021, according to our econometric models.