After a steep decline, starting in 2010 and culminating in the bottom value of 19,939 euros, average annual wages in Portugal increased to unprecedented figures. By 2021, the mean wage per year of work was 21,717 euros, despite the more than 200-euro drop that followed in 2022. By 2023, annual wages rose to 22,006 euros. The salary increase is not enough to tackle living expenses The surge in salaries is even more evident when considering minimum annual wages. Following a period of stagnation between 2011 and 2014, the Portuguese minimum annual salary has been on a hike, reaching 11,480 euros by 2024. This rise is relevant when considering the impact of growing inflation on the prices of goods and services, as it restores some purchasing power to workers. Nevertheless, 50 percent of Portuguese people stated, in 2023, that their professional income was mostly not enough to face up to living expenses. Youngsters and women struggle the most when it comes to unemployment and salary amounts The unemployment rate in the country was at six percent in the second quarter of 2024, having decreased from the previous quarter. People between 16 and 24 years of age were the most affected by unemployment, with shares of 22 percent in the same quarter. Women followed as the second most impacted by this social issue. The gender gap is also notorious when it comes to wages. In 2022, women’s average monthly salaries were over 13 percent lower than the salaries of their male counterparts, which impairs women in the tackling of the rising cost of living.

Wages in Portugal increased to 1203 EUR/Month in the first quarter of 2025 from 1184 EUR/Month in the fourth quarter of 2024. This dataset provides - Portugal Industry Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The minimum salary in Portugal increased since 2010. It was stagnant at almost 6,790 euros from 2011 to 2014. By 2024, the minimum annual wage was 11,480 euros, the highest value ever registered in the country.

Wages in Portugal increased 9.40 percent in May of 2025 over the same month in the previous year. This dataset provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Portugal Household Income per Capita

• Portugal Annual Household Income per Capita reached 17,108.254 USD in Dec 2021, compared with the previous value of 15,671.838 USD in Dec 2020.
• Portugal Annual Household Income per Capita data is updated yearly, available from Dec 1995 to Dec 2021, with an averaged value of 13,658.451 USD.
• The data reached an all-time high of 17,194.610 USD in Dec 2008 and a record low of 8,054.405 USD in Dec 2000.
• In the latest reports, Retail Sales of Portugal grew 3.063 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Household Income per Capita and converts it into USD. Statistics Portugal provides Average Household Income per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income covers Household Disposable Income only.

Explore the progression of average salaries for graduates in Portuguese And Brazilian Studies from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Portuguese And Brazilian Studies relative to other fields. This data is essential for students assessing the return on investment of their education in Portuguese And Brazilian Studies, providing a clear picture of financial prospects post-graduation.

In Portugal, the minimum monthly wage has increased during the last quarter of a century. In 2000, the minimum monthly wage amounted to 318 euros. As of 2025, the guaranteed minimum monthly retribution equaled 870 euros, increasing 174.4 percent compared to the year 2000 and 6.1 percent over the year 2024.

Explore the progression of average salaries for graduates in Portuguese And German Language from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Portuguese And German Language relative to other fields. This data is essential for students assessing the return on investment of their education in Portuguese And German Language, providing a clear picture of financial prospects post-graduation.

Portugal PT: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 10.500 % in 2021. This records a decrease from the previous number of 12.300 % for 2020. Portugal PT: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 12.200 % from Dec 2003 (Median) to 2021, with 19 observations. The data reached an all-time high of 14.400 % in 2013 and a record low of 10.500 % in 2021. Portugal PT: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Wages: Average Growth Rate: Private Sector data was reported at 1.100 % in Aug 2018. This records a decrease from the previous number of 1.500 % for Jul 2018. Wages: Average Growth Rate: Private Sector data is updated monthly, averaging 3.200 % from Jan 1990 (Median) to Aug 2018, with 298 observations. The data reached an all-time high of 14.900 % in Feb 1991 and a record low of 0.000 % in Sep 2010. Wages: Average Growth Rate: Private Sector data remains active status in CEIC and is reported by Bank of Portugal. The data is categorized under Global Database’s Portugal – Table PT.G028: Wages: Average Growth Rate. Rates provided for each month are based on the annual increase of the wage settlements weighted by the number of workers covered.

In Portugal, the gender pay gap (GPG) has shown a decreasing tendency over the period considered. In 2010, it was at almost **** percent and, in 2015, it was registered at nearly **** percent. In 2021, women's average monthly wages were **** percent lower than men's. By 2022, the GPG increased *** percent compared to the previous year. As of 2023, the GPG had decreased to **** percent.

Average net earnings in the European Union was ****** Euros for a single person with no children in 2022, while for a couple with children who both worked it was ****** Euros. Among countries in Europe, *********** was the country with the highest net earnings in 2022, followed by *******************************. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than ***** Euros in 2022.

Portugal - Median relative income of elderly people (60+): Females was 0.87% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Median relative income of elderly people (60+): Females - last updated from the EUROSTAT on July of 2025. Historically, Portugal - Median relative income of elderly people (60+): Females reached a record high of 0.94% in December of 2022 and a record low of 0.82% in December of 2010.

Explore the progression of average salaries for graduates in Spanish & Portuguese from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Spanish & Portuguese relative to other fields. This data is essential for students assessing the return on investment of their education in Spanish & Portuguese, providing a clear picture of financial prospects post-graduation.

The national minimum wage per month in Spain increased steadily over the last years. The minimum monthly wage grew by about 89 percent from 2008 to 2024, with salaries increasing from 600 euros a month to 1,134 euros a month in 2023. In 2019, the Socialist government of Spain passed a decree by which the national minimum wage would be given a boost of 164 euros, therefore making it stand at 900 euros per month as of that year, the largest increase to date.

Salaries in Spain

Along with the monthly wage, the national minimum daily wage also grew consistently over the past years, with the gross minimum standing at 37.8 euros a day in 2024 relative to 20 euros a day in 2008. Annual wages in Spain have however not followed this trend and fluctuated greatly during the same period. The highest average wage registered in Spain took place in 2009, year in which the mean salary amounted to over 30,000 euros a year after a period of ongoing growth. Spanish salaries however initiated a downtrend that prompted the average worker to earn approximately 29,113 thousand euros a year in 2022.

Salaries in Europe

Iceland ranked as the European country that featured the highest salaries in 2022, with an average wage of approximately 79,473 euros a year. Luxembourg and Switzerland followed second and third, with average salaries of 78,000 and 73,000 a year, respectively. In terms of growth, Portugal ranked as the country that saw the lowest decrease in salaries in 2022 compared to the previous year, with a development of -0.2 percent more relative to 2021, during that year, no European country registered an increase in real wages.

Portugal - Median relative income of elderly people was 0.87% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Median relative income of elderly people - last updated from the EUROSTAT on August of 2025. Historically, Portugal - Median relative income of elderly people reached a record high of 0.96% in December of 2022 and a record low of 0.82% in December of 2010.

Net annual earnings for a single earner family with two children in the European Union have increased from 25,434 euros in 2013 to 33,939 euros over the period from 2013 to 2023. Net earnings received a boost during the pandemic years of 2020 and 2021, in spite of gross earnings decreasing in 2020, due to reduced taxes and increased family allowances.

Portugal PT: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 78.046 % in 2017. This records a decrease from the previous number of 78.062 % for 2016. Portugal PT: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 73.235 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 78.062 % in 2016 and a record low of 69.838 % in 1996. Portugal PT: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

Portugal - Median of the housing cost burden distribution: Below 60% of median equivalised income was 22.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Median of the housing cost burden distribution: Below 60% of median equivalised income - last updated from the EUROSTAT on July of 2025. Historically, Portugal - Median of the housing cost burden distribution: Below 60% of median equivalised income reached a record high of 28.90% in December of 2015 and a record low of 19.70% in December of 2010.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.