Portugal Unemployment Rate stands at 5.60% as of June 2026, down from 6.00% a year earlier. The reading sits in the 12th percentile of its history back to 1983.
| Latest (June 2026) | 5.60% |
| One year ago | 6.00% |
| 10-year range | 5.60% – 11.30% |
| All-time range | 4.80% (1991) – 18.40% (2013) |
| Change over 12 months | −0.4 pts |
| Percentile vs. full history | 12th |
| History | 1983–2026 (522 observations) |
The share of Portugal's labor force that is out of work and looking for a job. Unemployment is a lagging indicator on the way down but a powerful early signal on the way up: sustained increases from a cycle low have historically been among the most reliable markers of a downturn taking hold. Because labor data is published promptly and revised little, it anchors the growth pillar of most macro frameworks. Data: harmonized unemployment statistics via the OECD.
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<a href="https://www.tacticalassetallocation.com/charts/portugal-unemployment-rate/">Portugal Unemployment Rate — Cambria Chart Lab</a>
Data: download CSV (source: OECD key economic indicators).