The unemployment rate in Portugal came in at 6.8 percent in the first quarter of 2019, little-changed from the previous period's 14-year low of 6.7 percent and well below last year's 7.9 percent. The number of unemployed rose 1.3 percent from the previous three-month period to 353.6 thousand and employment edged down 0.1 percent to 4.88 million. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 17.6 percent in the first quarter, the lowest reading since comparable records began in 2011. The activity rate was unchanged at 59.1 percent and the employment rate stood at 55.1 percent. Unemployment Rate in Portugal averaged 7.80 percent from 1983 until 2019, reaching an all time high of 17.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000.

Unemployment Rate in Portugal is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Portugal to stand at 6.80 in 12 months time. In the long-term, the Portugal Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

Portugal Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-08 10:00 AM Unemployment Rate 6.7% 7.9% 7%
2018-11-07 11:00 AM Unemployment Rate 6.7% 6.7% 6.4%
2019-02-06 11:00 AM Unemployment Rate 6.7% 6.7% 6.9%
2019-05-08 10:00 AM Unemployment Rate 6.8% 6.7% 7%
2019-08-08 10:00 AM Unemployment Rate 6.8% 6.4%
2019-11-07 11:00 AM Unemployment Rate 5.6%


Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 6.70 17.50 3.70 percent [+]
Employed Persons 4810.50 4809.40 5007.40 4215.20 Thousand [+]
Unemployed Persons 343.80 343.90 927.70 174.60 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 16.50 16.40 41.40 11.10 percent [+]
Labour Costs 112.00 96.70 112.50 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 2.90 8.40 8.40 -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 100.40 108.70 111.50 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 0.50 0.50 1.30 -3.00 percent [+]


Portugal Unemployment Rate

In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.70 17.50 3.70 1983 - 2019 percent Quarterly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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