The average annual salary of Portuguese people grew by 1,600 euros between 2023 and 2024, to 24,800 euros, but remains 38% below the European Union average, according to a report promoted by the Business Roundtable Portugal Association.
“Despite the increase of 1,600 euros between 2023 and 2024, the average salary of Portuguese people remained 38% below the average salary of the European Union, which stood at 39,800 euros”, the association said in a statement.
There is, in absolute terms, a difference of 15,000 euros.
Thus, an average worker in the European Union earns around 60% more than one in Portugal.
O average annual salary in Portugal increased by 7% in 2024compared to the previous year, to 24,800 euros.
The report released on Monday also concluded that the national average salary that year was around 6% below what was practiced by competing countries – Spain, Slovenia, Estonia, Greece, Hungary, Italy, Poland and Czechia -, whose average salary was 26,300 euros, 1,500 euros more than in Portugal.
What explains this difference?
According to the same analysis, the salary difference between Portugal and the European Union can be explained by factors such as the social structure of employment, that is, in recent years, the employment has grown in sectors with lower average wages.
In Portugal, the information and communication technologies (ICT) sector is the one that pays the best salaries (above 40,000 euros) and had a 42% increase in the number of workers between 2020 and 2024.
Also noteworthy are the energy and environment and transport sectors (both with average annual salaries of 33 thousand euros) and industry (25.8 thousand euros).
A is made up of 42 leaders of companies and groups who, together, accumulate global revenues of 124,000 million euros, of which 59,000 million euros are national.
In total they employ 424,000 people, 218,000 in Portugal alone.
