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 530.02 EUR/Month from 1999 until 2021, reaching an all time high of 775.83 EUR/Month in the first quarter of 2021 and a record low of 356.72 EUR/Month in the third 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 April of 2021.
Minimum Wages in Portugal is expected to be 776.00 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 785.00 EUR/Month in 2022 and 800.00 EUR/Month in 2023, according to our econometric models.