In 2020, gross monthly compensation per worker rose by 2.9 % to 1,314 euros, according to data published Thursday by the National Statistics Institute (INE).
The regular component increased by 3.3 % to €1,073, and the basic remuneration rose by 3.4 % to €1,007. Variations in real terms were identical to nominal variations, according to INE. In Q4, average gross monthly earnings per worker (employment) rose by 3.5 %, compared with the same period in 2019, to €1,473.
The regular component of this remuneration increased by 3.4 % and basic remuneration by 3.5 %, reaching 1,078 and 1,012 respectively. Given that the rate of change in the consumer price index (CPI) was negative (-0.2 %), the increases in average wages per worker in real terms were 3.7 %, 3.6 and 3.7 %, respectively, reads their analysis.
These results concern around 4.1 million jobs, corresponding to Social Security beneficiaries and subscribers to the Caisse Générale de Retraite.
Find out how the Portuguese tax system affects companies, with details on taxation,... Read more
The United Kingdom has long been recognized for its economic dynamism, political stability and... Read more
If you want to run an e-commerce business in the UK, it's crucial to know how to... Read more
On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for... Read more
tax issues linked to international double taxation are becoming increasingly important for... Read more
In 2023, António Costa (PS) decided to put an end to the Tax Regime for Residents... Read more
Our site uses cookies.
Read more