Wages in Portugal decreased 13.20 percent in May of 2020 over the same month in the previous year.
Wage Growth in Portugal averaged 0.12 percent from 2006 until 2020, reaching an all time high of 8.50 percent in November of 2018 and a record low of -13.20 percent in May of 2020. This page provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Wage Growth in Services - values, historical data and charts - was last updated on August of 2020.
Wage Growth in Portugal is expected to be -6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Portugal to stand at 0.50 in 12 months time. In the long-term, the Portugal Wage Growth in Services is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.