Makrognosis

Portugal Average Hourly Earnings

QuarterlySeasonally adjustedCode PT.AHE.Q.SA

Latest (y/y)5.5%Q2 2026
Previous (y/y)5.8%Q1 2026
Level131.5Q2 2026

Portugal Average Hourly Earnings was up 5.5% year on year in Q2 2026, compared with 5.8% in Q1 2026.

The level stood at 131.5 (Index 2020=100).

Among the 21 economies Makrognosis covers on this measure, it is the 6th highest.

Over the past ten years it has ranged from −5.6% (Q2 2021) to 16.2% (Q2 2020), averaging 4.2%.

Portugal Average Hourly Earnings, annual % change, Q1 2002 – Q2 2026−20%−10%0%10%20%20052010201520202025Robomacro
Portugal Average Hourly Earnings, annual % change, Q1 2002 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).
Portugal Average Hourly Earnings, level (Index 2020=100)608010012014020052010201520202025Robomacro
Portugal Average Hourly Earnings, level (Index 2020=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 2026131.55.5
Q1 2026129.55.8
Q4 2025128.85.9
Q3 2025126.35.3
Q2 2025124.76.1
Q1 2025122.45.5
Q4 2024121.68.4
Q3 2024119.98.6
Q2 2024117.57.6
Q1 2024116.06.8
Q4 2023112.26.0
Q3 2023110.44.3
Q2 2023109.24.1
Q1 2023108.65.7
Q4 2022105.82.2
Q3 2022105.83.7
Q2 2022104.94.9
Q1 2022102.71.2
Q4 2021103.53.5
Q3 2021102.03.1
Q2 2021100.0−5.6
Q1 2021101.56.6
Q4 2020100.07.1
Q3 202098.907.0

Last 24 observations. The full history (102 observations) is available through the API.

Get Portugal Average Hourly Earnings in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PT.AHE.Q.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.AHE.Q.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2001
Observations102
FrequencyQuarterly
UnitsIndex 2020=100
AdjustmentSeasonally adjusted
10-year high16.2% (Q2 2020)
10-year low−5.6% (Q2 2021)
10-year average4.2%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codePT.AHE.Q.SA

Average Hourly Earnings: how Portugal compares

#EconomyPeriodLatest
1BulgariaQ2 202610.5%
2HungaryQ2 20268.1%
3EstoniaQ2 20266.1%
4Czech RepublicQ2 20265.6%
5PolandQ2 20265.5%
6PortugalQ2 20265.5%
7NorwayQ2 20264.6%
8SpainQ2 20264.2%
9IrelandQ2 20264.0%
10DenmarkQ2 20263.7%
11BrazilQ3 20263.4%
12AustriaQ2 20263.4%
13AustraliaQ2 20263.2%
14United StatesQ4 20263.1%
15FinlandQ2 20263.1%
16SwedenQ2 20263.0%
17NetherlandsQ2 20262.9%
18GermanyQ2 20262.8%
19FranceQ2 20262.1%
20ItalyQ2 20262.1%
21RomaniaQ2 20261.8%

Average Hourly Earnings by country: all 21 economies ranked →

Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal Inflation Rate (CPI)Portugal Core Inflation RatePortugal Unemployment RatePortugal 10-Year Government Bond YieldPortugal Credit Rating & Sovereign Risk ScorePortugal Industrial ProductionPortugal Retail SalesPortugal Current account balance (BPM6, vs rest of world), not seasonally adjustedPortugal Current account balance, % of GDPPortugal Trade Balance: Goods & ServicesPortugal Exports of goods and services, Current prices, million EURPortugal Exports of goods and services, chain-linked volumePortugal Exports of goods, total trade (World), seasonally adjustedPortugal Imports of goods and services, Current prices, million EUR

FAQ

What is the current average Hourly Earnings in Portugal?
The latest reading is 5.5% year on year for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code PT.AHE.Q.SA.

Last updated 2026-11-08. Source: Eurostat (Statistical Office of the European Union). Original title: “Portugal - Labour Cost Index: wages & salaries (B-S, 2020=100), SCA”.