Portugal: Labor cost

* indicates monthly or quarterly data series
 Portugal

Labor cost index

 Latest value 113.5
 Reference Q4 2023
 Measure index points
 Data availability Q1 2000 - Q4 2023
 Average 86.79
 Min - Max 65.6 - 113.5
 Source Eurostat
For that indicator, we provide data for Portugal from Q1 2000 to Q4 2023. The average value for Portugal during that period was 86.79 index points with a minimum of 65.6 index points in Q4 2000 and a maximum of 113.5 index points in Q4 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series


Recent values chart
Portugal - Labor cost - recent values

Historical chart
Portugal - Labor cost - historical chart - 2000-2023
Measure: index points
Source: Eurostat


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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 5.31 2022 million people
 Unemployment rate 6.01 2022 percent
 Female unemployment 6.09 2022 percent
 Male unemployment 5.48 2022 percent
 Youth unemployment 18.58 2023 percent
 Labor force participation 59.19 2023 percent
 Labor force: percent female 49.77 2022 percent
 Female labor force participation 55.29 2023 percent
 Male labor force participation 63.65 2023 percent
 Self-employment 15.16 2022 percent
 Employment 4.98 Q3/2023 million employed people
 Unemployment rate 6.60 9/2023 percent
 Labor cost 112.40 Q3/2023 index points
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