The total gross monthly earnings per employee (per job) increased by 6.4%, to €1,640, in the quarter ended in June 2024 (2nd quarter of the year), compared to the same period of 2023. The regular and the base components of those earnings increased by 6.6% and 6.4%, reaching €1,295 and €1,214, respectively. In real terms, considering the Consumer Price Index change, the total gross monthly earnings increased by 3.6%, and its regular and base components increased by 3.8% and 3.6%, respectively. These results cover 4.7 million jobs, corresponding to Social Security beneficiaries and to Caixa Geral de Aposentações subscribers, an increase of 2.4% from the same period of 2023.
Compared to June 2023, the total gross monthly earnings increased in all dimensions of analysis of this Press release (economic activity, enterprise size, institutional sector, use of technology and knowledge intensity). The largest increases were observed in the “Mining and quarrying” activities (section B; 13.6%), in enterprises of 500 employees and over (7.3%), and in enterprises in “Knowledge-intensive market services” (11.9%).
