After a steep decline, starting in 2010 and culminating in the bottom value of nearly 18.8 thousand euros, average annual wages in Portugal increased to unprecedented figures. By 2021, the mean wage per year of work was 20,430 euros, despite the 100-euro drop that followed in 2022.
The salary increase is not enough to tackle 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 third quarter of 2023, having increased from the previous quarter. People between 16 and 24 years of age were the most affected by unemployment, with shares above 20 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 2021, 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.
Average annual wages in Portugal from 2000 to 2022
(in euros)
Characteristic
Average annual wages in euros (2022 constant prices)
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OECD. (October 18, 2023). Average annual wages in Portugal from 2000 to 2022 (in euros) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/
OECD. "Average annual wages in Portugal from 2000 to 2022 (in euros)." Chart. October 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/
OECD. (2023). Average annual wages in Portugal from 2000 to 2022 (in euros). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/
OECD. "Average Annual Wages in Portugal from 2000 to 2022 (in Euros)." Statista, Statista Inc., 18 Oct 2023, https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/
OECD, Average annual wages in Portugal from 2000 to 2022 (in euros) Statista, https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/ (last visited July 22, 2024)
Average annual wages in Portugal from 2000 to 2022 (in euros) [Graph], OECD, October 18, 2023. [Online]. Available: https://www.statista.com/statistics/419498/average-annual-wages-portugal-y-on-y/