60
35,462
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 2020 2021
Portugal
Q4 2021
Total Labor Force (000s)
5,197
Employed Workers (000s) 4,880
Unemployed Workers (000s) 317
Unemployment Rate 6.1%
4,950
4,865
4,798
4,861
4,880
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
6.1%
6.7%
7.8%
7.1%
6.1%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
89% - First Vaccine Dose
(December 2021)
Covid Update
For access to indoor
places, proof of
vaccination or a negative
Covid test is required.
24%
23%
23%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Portugal Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$1,583
$1,693
$5.11
$0
$5
$10
$15
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
Portugal Regional Average
Year on year wage inflation in July '21 was 4%.
In October '21, there were over 13K open job vacancies.
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend
EUROSTAT
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
https://www.ine.pt/
