top of page

Salary in Portugal 2024: What to Expect

Writer's picture: INLIS ConsultingINLIS Consulting

In Portugal, the average salary declared to Social Security by employees increased by 7.2% in 2023, reaching 1,463 euros, according to data from the Ministry of Labor, Solidarity, and Social Security.

salary in portugal

According to a recent study by Lusa, the average monthly salary for dependent work in Portugal increased from 1,365 euros in 2022 to 1,463 euros in 2023, reflecting a gross rise of 98 euros.


This increase in 2023, attributed partly to the adjustment of the national minimum wage, saw a substantial boost of 55 euros (7.8%), bringing it to 760 euros (presently set at 820 euros).


Furthermore, this uptick surpassed the average inflation rate for 2023, which stood at 4.3%, as measured by the National Statistics Institute (INE).


Ana Mendes Godinho emphasizes that in 2023, revenue from contributions surged by 12.5% compared to the preceding year, reaching 25,107.7 million euros. This growth, she explains, is attributed to the increase in the average salary (7.2%) and the expansion of employment (5%).


Subscribe to our newsletter

430 views0 comments

Recent Posts

See All

Yorumlar


bottom of page