After a steep decline, starting in 2010 and culminating in the bottom value of 20,438 euros, average annual wages in Portugal increased to unprecedented figures. By 2021, the mean wage per year of work was 22,251 euros, despite the more than 200-euro drop that followed in 2022. By 2024, annual wages rose to 23,177 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.

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.

Key information about Portugal Household Income per Capita

• Portugal Annual Household Income per Capita reached 16,339.840 USD in Dec 2022, compared with the previous value of 16,997.077 USD in Dec 2021.
• Portugal Annual Household Income per Capita data is updated yearly, available from Dec 1995 to Dec 2022, with an averaged value of 17,188.756 USD.
• The data reached an all-time high of 17,188.756 USD in Dec 2008 and a record low of 8,063.614 USD in Dec 2000.
• In the latest reports, Retail Sales of Portugal grew 5.050 % YoY in Sep 2025.

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.

Graph and download economic data for Gross National Income for Portugal (MKTGNIPTA646NWDB) from 1960 to 2024 about Portugal, GNI, and income.

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).

Portugal - Net national income was EUR188869.00 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Net national income - last updated from the EUROSTAT on November of 2025. Historically, Portugal - Net national income reached a record high of EUR188869.00 Million in December of 2022 and a record low of EUR134143.00 Million in December of 2012.

Portugal - Gross national income was EUR74504.00 Million in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Gross national income - last updated from the EUROSTAT on December of 2025. Historically, Portugal - Gross national income reached a record high of EUR74504.00 Million in June of 2025 and a record low of EUR44710.00 Million in June of 2020.

Monthly and long-term Portugal Disposable Income data: historical series and analyst forecasts curated by FocusEconomics.

Portugal PT: GDP: Growth: Adjusted Net National Income data was reported at 3.098 % in 2016. This records an increase from the previous number of 2.178 % for 2015. Portugal PT: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 1.913 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 13.247 % in 1973 and a record low of -6.598 % in 1975. Portugal PT: GDP: Growth: Adjusted Net National 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: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

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.

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, 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.

Actual value and historical data chart for Portugal Adjusted Net National Income Per Capita Current Us$

Historical dataset showing Portugal income inequality - gini coefficient by year from N/A to N/A.

Portugal, the Netherlands and Austria are among the countries where house prices grew the most in comparison to income since 2015. In the fourth quarter of 2024, the house price to income ratio in the Netherlands and Austria exceeded *** index points, indicating that since 2015, house price growth has outpaced income growth by ** percent. In Portugal, the index amounted to *** index points in the same period. This was not the case in all countries in the ranking: In Finland, Bulgaria, and Romania, the opposite trend was observed, showing that incomes grew faster than house prices. The house price to income ratio is calculated as the nominal house prices divided by nominal income per capita, with 2015 chosen as the base year of the index. The ratio signifies the development of housing affordability, with higher figures meaning housing is more unaffordable. There are other indices, such as RHPI (or house price indices corrected by inflation rates) which look at this as well.

Actual value and historical data chart for Portugal Adjusted Net National Income Per Capita Annual Percent Growth

Actual value and historical data chart for Portugal Adjusted Net National Income Us Dollar

Portugal PT: GDP: Gross National Income data was reported at 188,823.114 EUR mn in 2017. This records an increase from the previous number of 181,039.908 EUR mn for 2016. Portugal PT: GDP: Gross National Income data is updated yearly, averaging 43,617.174 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 188,823.114 EUR mn in 2017 and a record low of 450.893 EUR mn in 1960. Portugal PT: GDP: Gross National 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Portugal PT: GDP: USD: Gross National Income: Atlas Method data was reported at 203.997 USD bn in 2017. This records a decrease from the previous number of 204.983 USD bn for 2016. Portugal PT: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 67.229 USD bn from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 242.730 USD bn in 2010 and a record low of 3.665 USD bn in 1962. Portugal PT: GDP: USD: Gross National Income: Atlas Method 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Portugal PT: Gross National Income: Linked Series data was reported at 260,576.187 EUR mn in 2023. This records an increase from the previous number of 239,012.423 EUR mn for 2022. Portugal PT: Gross National Income: Linked Series data is updated yearly, averaging 162,924.909 EUR mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 260,576.187 EUR mn in 2023 and a record low of 55,941.647 EUR mn in 1990. Portugal PT: Gross National Income: Linked Series 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;