Portugal news - What are the monthly earnings by tech sector in Portugal?
What is the meaning of gross monthly earnings?
Gross monthly earnings correspond to the sum of the basic remuneration + other regular earnings components: such as meal allowances, seniority allowances, bonuses, and other regular monthly payments.
What are the gross monthly earnings by sector in Portugal in 2024?
In Portugal, the gross monthly earnings per employee increased to €1,602, that is by 6.3%, compared to 2023.
That is because the regular earnings components (such as meal allowances) increased to €1,294 (by 6.4%), and the base monthly salary (before deduction of taxes and social security contributions, and corresponding to the normal working period), increased to €1,213 (by 6.2%).
However, in real terms, considering the Consumer Price Index change, the total gross monthly earnings per employee increased by 3.8%, the regular component increased by 3.9% and the base monthly earnings increased by 3.7%.
What are the gross monthly earnings by high- and low-tech sector in Portugal in 2024?
1 – Monthly earnings in Portugal’s high- and low-tech sector in the Manufacturing industry
In Portugal, the highest total gross earnings were the in the High-technology manufacturing industries with €2,463, that is a year-on-year increase of 5.9%.
This compares to the total gross monthly earnings per employee per job in the Manufacturing industries with €1,683, corresponding to a year-on-year increase of 6.7%, in December 2024.
However, the highest percentage increase in earnings in Portugal, was in the Low-technology manufacturing industries, with €1,463, that is a 6.8% increase.
2 - Monthly earnings in Portugal’s high- and low-tech sector in the Knowledge intensive services sector
In Portugal, for the month of December 2024, the total gross monthly earnings per employee in Knowledge intensive services enterprises was €2,200. These earnings increased, in the year-on-year comparison, by 6.2%.
In Portugal’s Financial and insurance sector, the total gross monthly earnings per employee was €3,154. These earnings increased, in the year-on-year comparison, by 3.5%.
Portugal’s Market services enterprises registered lower monthly earnings per employee with €1,789. These earnings increased, in the year-on-year comparison, by 4.3%.