The gross monthly earnings per employee (per job) increased by 3.5% in the quarter ended in December 2020 (4th quarter), compared to the same period of 2019, to €1,473. The gross regular monthly earnings increased by 3.4% and the base earnings increased by 3.5%, which reached €1,078 and €1,012, respectively. Taking into account that the change of the Consumer Price Index during the period under analysis was negative (minus 0.2%), the real relative changes of those gross monthly earnings were 3.7%, 3.6% and 3.7%, respectively. These data concern nearly 4.1 million of employees, corresponding to the Social Security’s beneficiaries and the subscribers of Caixa Geral de Aposentações.
In 2020, the gross monthly earnings per employee increased by 2.9%, to €1,314, the regular component increased 3.3%, to €1,073, and the base earnings increased 3.4%, to €1,007. The changes in real terms were identical to the nominal changes.