Portugal Set to Increase Minimum Wage to €870 by 2025
Portugal’s minimum wage is set to rise to €870 per month in 2025, following an announcement by the country’s Minister of Labour. The minister confirmed this week that the increase is “absolutely a done deal,” ensuring a steady rise in the wages of the country’s lowest earners.
Currently, workers in Portugal receive a minimum wage of €820 per month. The government’s plan includes an annual increase of €50, with the goal of reaching a minimum monthly wage of €1,020 by 2028. These incremental raises are designed to improve the standard of living for workers over the next several years.
Despite this gradual increase, Portugal’s minimum wage remains modest compared to other European Union (EU) nations. According to Eurostat, Portugal ranks twelfth among the 22 EU member states that mandate a minimum wage. While this increase may ease financial pressures for workers in Portugal, it lags far behind the higher wages offered in wealthier EU countries.
At the top of the EU’s minimum wage ranking is Luxembourg, where workers earn €2,204 per month. Ireland follows with a minimum monthly wage of €1,840, and the Netherlands ranks third at €1,829. Other countries with higher minimum wages include Belgium at €1,774, Germany at €1,761, and France, where the minimum wage is €1,550 per month.
What is Considered a Good Salary Across Europe?
In a recent analysis, Euronews Business compared salaries across Europe to determine what is considered a “good” wage, which varies based on factors such as cost of living, experience, and industry.
In Germany, a gross annual salary between €64,000 and €70,000 is considered a good income, translating to approximately €3,300 to €3,600 net per month for a single person. Meanwhile, in France, a good salary for a comfortable lifestyle is estimated at around €3,200 per month for a single person, or €5,600 per month for a family of three. The average net monthly salary in France is €2,587.
In Spain, the average net salary in 2024 is expected to be €1,785 per month, with a good salary being around €2,700 per month for a single person. In Ireland, a gross monthly salary ranging from €4,100 to €6,000 is considered a comfortable wage, with the gross average salary for full-time workers sitting at €3,220 per month.
As Portugal’s minimum wage rises, the country’s wage gap with higher-earning EU members will continue to be a point of economic discussion.
Latest
Greta Thunberg Arrested in Brussels During Climate Protest Against EU Fossil Fuel Subsidies
Latest
Study: Nearly Half of UK Toddlers’ Calories Come from Ultra-Processed Foods, Raising Long-Term Health Concerns
Latest
Lebanese Hospitals Halt Operations Amid Israeli Strikes, Dozens of Health Workers Killed
-
Travel7 months ago
Embracing Solo Travel to Unlock Opportunities for Adventure and Growth
-
Education7 months ago
Exlplore the Top Universities in the United States for Computer Science Education?
-
Politics7 months ago
Six Best Things Done by Donald Trump as President
-
Technology7 months ago
Revolutionizing Healthcare Training with Latest Technologies
-
Health7 months ago
Rise of Liposuction: A Minimally Invasive Solution for Body Contouring
-
Business7 months ago
Thriving Startup Hubs: Best Cities in the USA for Entrepreneurship
-
Travel7 months ago
Where to Move? America’s Top Ten Most Affordable Cities
-
Health7 months ago
Digestive Power of taking Mint Tea after Meals