Startups in Portugal pay salaries 76% higher than the national average, with some reaching €2,900 monthly.
What happened
According to a report by Startup Portugal and Informa D&B, supported by Amazon Web Services, the startup ecosystem in Portugal has grown by 8% this year, now comprising 5,495 active startups. These startups employ about 30,000 people, an increase of 7% from the previous year.
Details and quotes
The report, presented during the Web Summit, highlights that the average salary in startups is approximately €2,300 per month, which is 76% above the national average. In startups recognized under the Startup Law, the average salary rises to €2,900, 28% higher than other startups and 122% above the national average.
Miguel d’Aguiar, executive director of Startup Portugal, noted, "The numbers show that Portuguese startups are growing and gaining scale. We have more companies, more jobs, and more business." Teresa Cardoso de Menezes, director-general of Informa D&B, emphasized the innovative and export-oriented nature of these startups, suggesting they could drive economic growth in Portugal.
Sources
- hrportugal.sapo.pt: Startups pagam 76% acima da média nacional. Em algumas, o salário médio chega aos 2900 euros
- eco.sapo.pt: Quase 5.500 startups portuguesas empregam 30 mil trabalhadores
Prepared with AI from the sources below and our own data, reviewed by the editors before publishing.
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