# Compensation of employees per hour worked in Algarve

Compensation of employees per hour worked in Algarve was €13.04 in 2023. Source: Invokely.

- Indicator id: `compensation_per_hour_worked_eur`
- Place id: `pt-nuts-pt15`
- Unit: EUR
- Definition: Wages, salaries and employers' social contributions divided by the hours actually worked by employees, in euros per hour, for the place where people work (Eurostat regional accounts).
- Note: A labour cost measure, higher than take-home pay because it includes employers' social contributions. Price levels differ between countries.
- Source: Invokely, Compensation of employees (Eurostat nama_10r_2coe) divided by hours worked by employees (Eurostat nama_10r_2emhrw) (https://invokely.ai/docs/methodology#compensation_per_hour_worked_eur)
- Retrieved: 2026-10-12
- License: CC BY 4.0, inheriting the terms of each input source
- Citation: Invokely calculation from Compensation of employees (Eurostat nama_10r_2coe) divided by hours worked by employees (Eurostat nama_10r_2emhrw). https://invokely.ai/docs/methodology#compensation_per_hour_worked_eur. Retrieved 2026-10-12.
- Web page: https://invokely.ai/en/compensation-per-hour-worked/algarve-pt15
- API: https://invokely.ai/api/v1/series?indicator=compensation_per_hour_worked_eur&place=pt-nuts-pt15

| Period | EUR |
|---|---:|
| 2023 | 13.04 |
| 2022 | 12.27 |
| 2021 | 11.89 |
| 2020 | 11.63 |
| 2019 | 10.88 |
| 2018 | 10.15 |
| 2017 | 9.84 |
| 2016 | 9.51 |
| 2015 | 9.39 |
| 2014 | 9.43 |
| 2013 | 9.67 |
| 2012 | 9.45 |
| 2011 | 9.7 |
| 2010 | 9.79 |
| 2009 | 9.85 |
| 2008 | 9.59 |
| 2007 | 9.33 |
| 2006 | 8.99 |
| 2005 | 8.75 |
| 2004 | 8.4 |
| 2003 | 8.31 |
| 2002 | 8.08 |
| 2001 | 7.79 |
| 2000 | 7.43 |