The total gross monthly earnings per employee (per job) increased by 5.9%, to €1,777, in the quarter ended in December 2024 (4th quarter of the year), compared to the same period of 2023. The regular and the base components of those earnings increased by 6.5% and 6.1%, reaching €1,301 and €1,218, respectively. In real terms, considering the Consumer Price Index change, the total gross monthly earnings increased by 3.2%, and its regular and base components increased by 3.8% and 3.4%. These results cover 4.8 million jobs, corresponding to Social Security beneficiaries and to Caixa Geral de Aposentações subscribers, an increase of 2.5% from the same period of 2023.

Compared to December 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 “Human health and social work activities” activities (section Q; 13.2%), in enterprises of 1 to 4 employees (7.0%), in the public sector (7.8%), and in enterprises in “Low-technology manufacturing industries” (6.8%).

In 2024, the gross monthly earnings per employee increased, compared to 2023, to €1,602 (6.3%), the regular component increased to €1,294 (6.4%), and the base monthly earnings to €1,213 (6.2%). In real terms, the rate of change increased by 3.8%, 3.9% and 3.7%, respectively.