40 years of Portugal in Europe

Average wage in

Portugal

Average wage

2,068.2€

per month in 2024 (gross wage)

Portugal

10th

lowest among 26 EU countries

Germany

Germany

€4,482.6

per month in 2024

6th position

Spain

Spain

€2,808.3

per month in 2024

11th position

France

France

€3,649.2

per month in 2024

9th position

Italy

Italy

€2,793.2

per month in 2024

12th position

Average wage ranking

Average wage ranking

In Portugal, the average salary is lower than the EU-27 average (3,317.3€)

Average wage growth

Portugal

Compare this indicator with

50.9%

growth since 2010

Higher than the growth rate of the European Union (26.7%).
Portugal had the 12th highest growth in wages.

growth since 2010

Median disposable income per adult in a household

Portugal

Compare this indicator with

1,053.9€

per month in 2023

per month in 2023

Purchasing power in 2024

Purchasing power

A basket of
essential goods costing

in Portugal

100€

Costs

The cost of the basket is the of the European Union while purchasing power is . In other words, the country has a

Select a year

The median household income in Portugal can buy

11

baskets per month

Can buy

baskets per month

Simulator

Basket of
essential goods

How many standard food baskets the median income could buy in

Select a year

Result:

Note: A basket of essential goods costing €100 in Portugal in 2024 was used as the reference benchmark. For years prior to 2024, the effect of inflation in Portugal and in the other countries was taken into account.

Gas

Gas

The price per
kilowatt-hour is

11.9

cents

Has the 7th highest price among European Union countries

An average income
allows you to purchase

9

thousand kilowatt-hours of gas per month

Has the lowest gas consumption among European Union countries

Electricity

Electricity

The price per
kilowatt-hour is

24.3

cents

Has the 14th most expensive value among the European Union countries

An average income
allows you to purchase

4

thousand kilowatt-hours
of electricity per month

Has the 6th lowest electricity consumption among European Union countries

House price index (base=2020)

Housing Portugal

2020

100

House price
index

2024

124.1

House price
index

Between 2020 and 2024, Portugal recorded a 24.1% increase in housing prices, the 2nd largest increase among the 16 countries where there was an increase

House price index

Since 2005, Portugal recorded a 50.4% increase in housing prices, the 10th largest increase among the 21 countries where there was an increase

Comparator

Portugal

vs

Portugal
Greece

Evolution of housing prices

habitação Portugal

2005 to 2010

-5.8%

2010 to 2015

-11.9%

2020 to 2024

24.1%

Change in housing prices between 2020 and 2024 (%)

The most recent evolution (2020–2024) saw an increase of 24.1% in Portugal, the second largest increase among the 16 countries where there was an increase.

Savings

Select a year

Savings

in Portugal

per capita
savings were

2,372.9 €

Compare this indicator with

per capita
savings were

-382.1 €

Evolution of per capita savings

In real terms, since 1996, savings per capita in Portugal had a general decreasing trend until 2017, then reversed in following years. Savings rose during the pandemic with effects lasting into recent years

Comparator

Portugal

vs

Portugal
Greece
poupança Portugal

Savings rate
in Portugal in 2024

12.5%

VS

Savings rate
in the European Union in 2024

14.5%

Savings rate ranking

Source: EUROSTAT

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