Unemployment rate (annual) in Portugal

Instituto Nacional de Estadistica de Portugal · Anual · Importance 70

IMF forecast (WEO): 2026: 5.9% 2027: 5.9% 2028: 5.8% 2029: 5.7% 2030: 5.7% 2031: 5.7%

5.3% (Jun-26) MENSUAL · % · Mensual · CSV

Period	%
Jun 2026	5.3%
May 2026	5.3%
Apr 2026	5.6%
Mar 2026	6.0%
Feb 2026	6.2%
Jan 2026	6.0%
Dec 2025	5.8%
Nov 2025	5.8%
Oct 2025	5.9%
Sep 2025	6.0%
Aug 2025	5.8%
Jul 2025	5.6%
Jun 2025	5.7%
May 2025	5.9%
Apr 2025	6.2%
Mar 2025	6.5%
Feb 2025	6.6%
Jan 2025	6.7%
Dec 2024	6.6%
Nov 2024	6.7%
Oct 2024	6.7%
Sep 2024	6.5%
Aug 2024	6.1%
Jul 2024	6.1%
Jun 2024	6.1%
May 2024	6.1%
Apr 2024	6.4%
Mar 2024	6.6%
Feb 2024	6.8%
Jan 2024	6.8%
Dec 2023	6.7%
Nov 2023	6.6%
Oct 2023	6.7%
Sep 2023	6.5%
Aug 2023	6.1%
Jul 2023	6.0%
Jun 2023	5.9%
May 2023	6.2%
Apr 2023	6.6%
Mar 2023	7.0%
Feb 2023	7.2%
Jan 2023	7.3%
Dec 2022	7.0%
Nov 2022	6.7%
Oct 2022	6.2%
Sep 2022	6.2%
Aug 2022	5.9%
Jul 2022	5.8%
Jun 2022	5.8%
May 2022	6.0%
Apr 2022	6.1%
Mar 2022	6.1%
Feb 2022	6.1%
Jan 2022	6.2%
Dec 2021	6.2%
Nov 2021	6.4%
Oct 2021	6.5%
Sep 2021	6.6%
Aug 2021	6.4%
Jul 2021	6.4%

About this indicator

Source	Statistics Portugal
Frequency	Anual
Release	Publicación anual, referida al conjunto del ejercicio y sujeta a revisión.
What it is	The unemployment rate is the share of jobless people in the total labour force. It is the main gauge of Portugal's labour market and of the economy's ability to create jobs. It is published by Statistics Portugal (INE) using ILO criteria.
How it's calculated	It is derived from the Labour Force Survey run by Statistics Portugal among a sample of households, using ILO criteria: a person is unemployed if they are without work, available to work and actively seeking a job. The harmonised criteria allow international comparison.
Market implications	Its path reflects the momentum of the Portuguese economy and the progress of its recovery after the debt crisis. Falling unemployment boosts consumption and household income and is a key input for ECB policy, since Portugal belongs to the euro area.
Limitations	It is worth distinguishing whether the rate moves because of shifts in labour demand or in the labour force, including emigration. Survey data are subject to sampling error and revision, and seasonal employment (tourism) shapes its profile.