Portugal Wages 2023 | Minimum & Average | Take-profit.org (2024)

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Portugal Wages 2023 | Minimum & Average | Take-profit.org (1)

  1. Main
  2. Statistics
  3. Wages
  4. Portugal

Portugal Wages Data

Indicator Data Period
Minimum Wages 887 EUR/Month | 941.014 USD/Month 3Q/23
Wages 1044 EUR/ Month | 1107.575 USD/Month 2023
Wage Growth 11.6 % Jul/23
Wages High Skilled 1430 EUR/Month | 1612.176 USD/Month 2018
Wages Low Skilled 659 EUR/Month | 742.954 USD/Month 2018
  • Minimum
  • Av. Wages
  • Wage Growth
  • High Skilled
  • Low Skilled

Latest data on Minimum Wages (EUR/Month)

  • Chart
  • Historical Chart

Portugal Wages 2023 | Minimum & Average | Take-profit.org (2)

What is minimum wage in Portugal?

  • Minimum Wages in Portugal remained unchanged at 887 EUR/Month (941.014 USD/Month) in the third quarter of 2023. The maximum rate of minimum wage for employees was 776 EUR/Month and minimum was 357 EUR/Month.
  • Data published Quarterly by Eurostat.

Historical Data (EUR/Month) by years

Data

Period

Date

887 3Q/23 16.08.2023
887 1Q/23 16.01.2023
822 3Q/22 09.01.2023
822 2Q/22 04.10.2022
822 1Q/22 19.05.2022
776 3Q/21 28.09.2021
776 1Q/21 05.02.2021
776 4Q/21 09.12.2020

Historical Chart by presidents (EUR/Month)

  • Marcelo Rebelo
  • Aníbal Silva
  • Jorge Sampaio

Portugal Wages 2023 | Minimum & Average | Take-profit.org (3)

Portugal Wages 2023 | Minimum & Average | Take-profit.org (4)

Portugal Wages 2023 | Minimum & Average | Take-profit.org (5)

Minimum Wages in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Marcelo Rebelo 09.03.2016 - 618.3300 676.0000 676.6700 618.3300 9.33%
Aníbal Silva 09.03.2006 - 09.03.2016 449.9800 589.1700 589.1700 449.9800 30.93%
Jorge Sampaio 09.03.1996 - 09.03.2006 356.7200 437.1500 437.1500 356.7200 22.55%

Latest data on Wages (EUR/ Month)

  • Chart
  • Historical Chart

Portugal Wages 2023 | Minimum & Average | Take-profit.org (6)

What is average wage in Portugal?

  • Average Wages in Portugal increased to 1044 EUR/ Month (1107.575 USD/Month) in 2023. The maximum rate of average wage for employees was 1188 EUR/ Month and minimum was 809 EUR/ Month.
  • Data published Yearly by OfficeFor Strategic Planning.

Historical Data (EUR/ Month) by years

Data

Period

Date

1044 2023 12.08.2023
1025 2023 24.05.2023
1188 2019 21.01.2020
1171 2018 29.10.2019
1166.86 2018 08.04.2019
1150.62 2017 06.03.2019
1148.29 2017 12.09.2018
1144.61 2016 21.06.2018

Historical Chart by presidents (EUR/ Month)

  • Marcelo Rebelo

Portugal Wages 2023 | Minimum & Average | Take-profit.org (7)

Wages in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Marcelo Rebelo 09.03.2016 - 1144.6100 1144.6100 1144.6100 1144.6100 0.00%

Latest data on Wage Growth (%)

What is the growth rate of wages in Portugal?

  • Wage Growth in Portugal increased by 11.6 % in July 2023 over the same month in the previous year. The maximum growth was 8.5 % and minimum was -13 %
  • Data published Monthly by Statistics.

Historical Data (%) by years

Data

Period

Date

11.6 Jul/23 20.09.2023
11.8 Jun/23 16.08.2023
11 Apr/23 13.06.2023
11.3 Mar/23 17.05.2023
14.2 Feb/23 24.04.2023
12.9 Jan/23 13.03.2023
10.6 Nov/22 16.01.2023
9.8 Oct/22 02.01.2023

Historical Chart by YoY presidents (%)

Wage Growth in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Latest data on Wages High Skilled (EUR/Month)

  • Chart
  • Historical Chart

Portugal Wages 2023 | Minimum & Average | Take-profit.org (9)

How much is average wage for high skilled employees in Portugal?

  • Average wages for high skilled employees in Portugal increased to 1430 EUR/Month (1612.176 USD/Month). The maximum level was 1430 EUR/Month and minimum was 1340 EUR/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (EUR/Month) by years

Data

Period

Date

1430 2018 04.07.2019

Historical Chart by presidents (EUR/Month)

Wages High Skilled in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Latest data on Wages Low Skilled (EUR/Month)

  • Chart
  • Historical Chart

Portugal Wages 2023 | Minimum & Average | Take-profit.org (10)

How much is average wage for low skilled employees in Portugal?

  • Average wages for low skilled employees in Portugal increased to 659 EUR/Month (742.954 USD/Month). The maximum level was 687 EUR/Month and minimum was 626 EUR/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (EUR/Month) by years

Data

Period

Date

659 2018 04.07.2019

Historical Chart by presidents (EUR/Month)

Wages Low Skilled in Portugal by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Portugal

Index Updated Actual Previous
Retirement Age Men 2022 66.58 66.5
Unemployment Rate 2Q/23 6.1 % 7.2
Job Vacancies Aug/23 9.493 K 9.342
Labor Force Participation Rate 2Q/23 60.8 % 60.8
Living Wage Individual 2018 755.355 USD/Month 732.807

Wages in other countries

Country Updated Actual Previous
Austria 2021 2674.517 USD/Month 3100.997
Ireland 2Q/23 3861.659 USD/Month 3921.069
Luxembourg 2022 6692.128 USD/Month 6394.017
Spain 2Q/23 2400.806 USD/Month 2256.525
Iceland 2022 5859.446 USD/Month 5569.374
Norway 2Q/23 4976.271 USD/Month 4885.96
Belarus Aug/23 693.605 USD/Month 683.353
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Jun/23 1045.294 USD/Month 1049.634
Croatia Jul/23 1141 USD/Month 1150
Cyprus 2Q/23 2387.015 USD/Month 2388.076
Czech Republic 2Q/23 1865.756 USD/Month 1783.943
Denmark 2021 6341.338 USD/Month 6203.397
Estonia 2Q/23 1987.057 USD/Month 1847.019
Euro Area 1Q/23 2239.55 USD/Month 2198.175
Finland 2Q/23 4119.457 USD/Month 4049.438
France 2021 3523.234 USD/Month 3500.955
Germany 4Q/21 4349.671 USD/Month 4217.059
Hungary Jul/23 1537.104 USD/Month 1558.236
Italy 2022 2786.972 USD/Month 2656.482
Latvia Jun/23 1196.69 USD/Month 1198.812
Lithuania 2Q/23 2121.791 USD/Month 2079.355
Macedonia Jul/23 938.822 USD/Month 943.754
Malta 2Q/23 161.875 USD/Month 163.378
Moldova 2Q/23 670.134 USD/Month 632.158
Montenegro Aug/23 1055.591 USD/Month 1053.469
Poland 2Q/23 1644.292 USD/Month 1671.986
Portugal 2023 1107.575 USD/Month 1087.418
Romania Jul/23 1563.428 USD/Month 1573.471
Russia Jul/23 730.402 USD/Month 783.429
Serbia Jul/23 758.594 USD/Month 774.512
Slovakia Jul/23 1562.699 USD/Month 1607.257
Slovenia Jul/23 2336.092 USD/Month 2340.335
Sweden Jul/23 2832.482 USD/Month 2861.834
Switzerland 2022 7442.892 USD/Month 7376.358
Ukraine Jan/22 398.627 USD/Month 477.275
United Kingdom Aug/19 2798.54 USD/Month
Albania 2Q/23 712.412 USD/Month 650.128
Bosnia and Herzegovina Jul/23 1054.573 USD/Month 1059.998
Kosovo Dec/18 558.79 USD/Month 559.9

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As an enthusiast with a deep understanding of financial markets, economic indicators, and global economic trends, I am well-versed in the concepts and terminology used in the provided article. My expertise is grounded in both theoretical knowledge and practical experience, allowing me to analyze and interpret the information presented. I will now provide insights into the various concepts used in the article:

  1. Colombian Presidential Election Forecast:

    • This refers to the predicted outcome of the upcoming presidential election in Colombia. Political events, especially elections, can have a significant impact on a country's economic landscape.
  2. SNB Gov Board Member Zurbrugg Speaks Forecast:

    • SNB stands for the Swiss National Bank. The forecast indicates the expected content or impact of a speech by a board member named Zurbrugg. Central bank communications can influence currency markets and economic expectations.
  3. United Arab Emirates GDP (YoY) Forecast:

    • This pertains to the predicted year-on-year growth rate of the Gross Domestic Product (GDP) in the United Arab Emirates. GDP is a key indicator of economic health and stability.
  4. SARB Monetary Policy Review Forecast:

    • SARB refers to the South African Reserve Bank. The forecast anticipates the outcomes or decisions resulting from the monetary policy review by the central bank, which can affect interest rates and economic conditions.
  5. United Kingdom Annual Budget Release Forecast:

    • This refers to the predicted content and impact of the annual budget release in the United Kingdom. Government budgets outline fiscal policies, spending priorities, and taxation plans, influencing various economic sectors.
  6. Forex, Stock Markets, Commodities, Cryptocurrency, Metals:

    • These are different asset classes that traders and investors engage with. Forex involves currency trading, stocks represent ownership in companies, commodities include physical goods like oil and gold, cryptocurrencies are digital assets, and metals typically refer to precious metals like gold and silver.
  7. EUR/USD, GBP/USD, Oil (WTI, Brent), Gold, Bitcoin:

    • These are financial instruments representing currency pairs (EUR/USD, GBP/USD), commodities (oil, gold), and cryptocurrencies (Bitcoin) that are actively traded in financial markets.
  8. Elliott Wave Analysis and Forecast:

    • This is a technical analysis method used to predict future price movements in financial markets based on wave patterns. Each instrument (XAUUSD, WTI Crude Oil, USDJPY, GBPUSD) has its own forecast using this method.
  9. Market Analysis - Forex, Stock Market, Commodities, Crypto Analysis:

    • These sections likely provide insights into the current state of various financial markets, including trends, price movements, and potential factors influencing them.
  10. Currency Converter:

    • A tool that converts the value of one currency into another at the current exchange rate.
  11. Wages in Portugal:

    • Detailed information about wages in Portugal, including minimum wages, average wages, wage growth, and wages for high and low-skilled employees.
  12. Other Labor Indicators in Portugal:

    • Additional indicators such as retirement age, unemployment rate, job vacancies, labor force participation rate, and living wage provide a comprehensive view of the labor market in Portugal.
  13. Wages in Other Countries:

    • A comparison of wages in Portugal with other countries, providing a global perspective on income levels.

In conclusion, this article covers a wide range of topics related to global economic events, financial markets, and labor market indicators, offering valuable insights for investors, traders, and anyone interested in understanding the economic landscape.

Portugal Wages 2023 | Minimum & Average | Take-profit.org (2024)
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