Foreign companies paid 42.7% more to their workers than Portuguese companies in 2021.
Source: Pexels
Author: Newsroom
According to data released on Tuesday by the National Statistics Institute (INE), in 2021, workers in foreign companies with subsidiaries in Portugal reached salaries higher than 1,500€, 42.7% more than those in national companies.
These data also reveal that apparent labor productivity reached more than 69.7% when compared to that recorded in Portugal, and that in 2021, foreign subsidiaries employed more than 400 thousand people in Portugal. In other words, this results in an average of 60 people per branch, a number that is higher than the reality of national companies.
This confirms an attractive scenario for foreign companies which, according to these statistics, had a growing turnover until last year of about 17.7% and an export volume of goods that reached 24.1 billion euros.