In the 3^rd quarter of 2022

Gross monthly earnings per employee in the Autonomous Region of Madeira increased by 3.9% compared to the previous year

In the 3^rd quarter of 2022, the gross monthly earnings per employee (per job) increased by 3.9% compared to the same period in 2021 standing at 1,272 euros. Regular earnings (which do not include e.g., overtime, holiday and Christmas bonuses) and base earnings (which exclude e.g., food allowance, seniority earnings or bonuses) rose by 3.4% and by 3.2% to 1,118 euros and 1,070 euros, respectively. In real terms, i.e., subtracting inflation during this period, as measured by the change in the Consumer Price Index of the Region, the average total, regular and base earnings per employee decreased by 4.3%, 4.8% and 5.0%, respectively. These results comprised 99.1 thousand jobs corresponding to Social Security beneficiaries and subscribers of Caixa Geral de Aposentações.

Compared to the previous year, the largest increases in total earnings were registered in " Manufacturing" (11.0%, in enterprises with 1 to 4 employees (+7.9%), in the private sector (+5.8%), and in enterprises in "Medium-technology manufacturing industries" (+12.7%). The smallest changes in total earnings were recorded in "Agriculture, forestry and fishing" (-3.2%), in enterprises with 250-499 employees (-2.2%), in the General Government sector (+3.2%) and in "Others intensive knowledge services" (+3.2%).

Gross monthly earnings per employee in the country was 1,353 euros, reflecting a year-on-year change of 4.0% in nominal terms and -4.7% in real terms.

In Portugal and in Region, the highest total gross wage sector was  “Electricity, gas, steam and air conditioning supply" with 2,793 euros and 3,274 euros, respectively. When broken down by employee group, enterprises with 250 to 499 employees registered the highest values both in the country and in the Autonomous Region of Madeira, with 1,599 euros and 1,539 euros, respectively. In the two geographical units, the total gross monthly earnings per employee in the private sector were year-on-year higher than in the general government sector, by 4.9% and 2.0% in Portugal, and by 5.8% and 3.2% in Madeira.

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