SYNTHESIS INE@COVID-19, 2 mar-2021

March . 02 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 15/23 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The average monthly gross earnings increased to EUR 1,473 In the quarter ending December 2020, compared to the same period in 2019: • Average total gross monthly earnings per employee (per job) increased by 3.5% to EUR 1,473 (EUR 1,423 in 2019); • The gross regular monthly earnings (excluding holiday and Christmas allowances) grew by 3.4% and was fixed at 1 078 euros; • The base earnings increased by 3.5% to EUR 1,012 (EUR 978 in 2019). In real terms - i.e. excluding inflation, as measured by the Consumer Price Index, which was negative in December (-0.2%) - monthly earnings registered the following year-on-year increases: • Total gross earnings: 3.7%; • Regular gross earnings: 3.6%; • Base gross earnings: 3.7%. In the quarter ending December 2020, the total earnings: • Ranged from: » EUR 869, in Agriculture, farming of animals, hunting, forestry ; and » EUR 3,430 in Electricity, gas, steam, and air conditioning supply ; • It recorded the largest year-on-year increases in: » Arts, entertainment, sports, and recreation activities : 8.7%; » Administrative and support service activities : 6.4%; • The year-on-year rate of change in the private sector was higher than in the general government sector: 3.7% and 1.1%, respectively. In 2020, average earnings per employee recorded the following rates of change compared to 2019: • Total gross earnings: +2.9% (+2.8% and 2019); • Regular gross earnings: +3.3% (+2.6% in 2019); • Base gross earnings: +3.4% (+2.5% in 2019). The recent dynamics of average monthly earnings were significantly influenced by the economic impact caused by the COVID-19 pandemic and subsequent employment protection mechanisms, in particular the simplified layoff scheme, and, to a lesser extent, family support measures. The results presented refer to about 4.1million jobs, corresponding to beneficiaries of Social Security and subscribers of Caixa Geral de Aposentações. More information available at: Gross monthly earnings per employee – December 2020 (11 February 2021)

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