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 September 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 785.00 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.

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Portugal Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
775.83 740.83 775.83 356.72 1999 - 2021 EUR/Month Quarterly

Portugal Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.70 7.10 18.50 3.70 percent [+]
Employed Persons 4867.70 4818.10 5007.40 4215.20 Thousand [+]
Unemployed Persons 321.70 333.20 927.70 174.60 Thousand [+]
Full Time Employment 4446.50 4304.80 4516.50 3725.70 Thousand [+]
Part Time Employment 364.00 376.80 678.90 364.00 Thousand [+]
Employment Rate 55.30 53.90 59.20 46.70 percent [+]
Labor Force Participation Rate 59.30 58.00 62.50 56.00 percent [+]
Long Term Unemployment Rate 2.40 2.50 9.40 1.40 percent [+]
Youth Unemployment Rate 23.50 25.40 41.60 11.10 percent [+]
Labour Costs 115.70 108.90 123.60 62.10 points [+]
Job Vacancies 11048.00 11750.00 17645.00 1083.00 [+]
Wages 1188.06 1170.63 1188.06 809.34 EUR/Month [+]
Wages in Manufacturing 144.37 129.77 150.02 85.00 points [+]
Wage Growth 8.40 10.30 10.30 -13.00 percent [+]
Minimum Wages 775.83 740.83 775.83 356.72 EUR/Month [+]
Population 10.30 10.28 10.57 8.62 Million [+]
Retirement Age Women 66.50 66.42 66.50 65.00 [+]
Retirement Age Men 66.50 66.42 66.50 65.00 [+]
Productivity 100.20 102.70 112.30 77.60 points [+]
Employment Change -0.80 1.90 1.90 -3.50 percent [+]
Unemployment Change -9168.00 -24311.00 48562.00 -31613.00 [+]


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.