The total gross monthly earnings per employee (per job) increased by 4.2% in the quarter ended in December 2022 (4th quarter of the year), compared to the same period of 2021, to €1,575. The regular and the base components of those earnings increased by 4.3% and 4.4%, reaching €1,150 and €1,080, respectively. In real terms, considering the Consumer Price Index change, the total gross monthly earnings decreased by 5.2%, while the regular and the base monthly earnings decreased by 5.1% and 5.0%, respectively. These results cover 4.5 million jobs, corresponding to Social Security beneficiaries and to Caixa Geral de Aposentações subscribers, an increase of 4.8% from the same period of 2021.

Compared to December 2021, the largest increases in total gross earnings were observed in the “Accommodation and food service activities” (section I; 8.0%), in enterprises of 1 to 4 employees (6.1%), in the private sector (5.4%), and in enterprises in “High-technology services” (6.9%). There were no decreases in total earnings and the lowest year-on-year changes were observed in the “Public administration and defence; compulsory social security” (section O; 0.2%), in enterprises of 250 to 499 employees (1.1%), in the public sector (2.0%) and in the “Other knowledge intensive services” (2.5%).

In 2022, the gross monthly earnings per employee increased, compared to 2021, by 3.6%, to €1,411. The regular component increased by 3.1%, to €1,140, and the base monthly earnings increased by 3.0%, to €1,070. The real rate of change decreased by: 4.0%, 4.4% and 4.5%, respectively.