Wages in Spain decreased to 1842.62 EUR/Month in the third quarter of 2018 from 1951.81 EUR/Month in the second quarter of 2018. Wages in Spain averaged 1722.16 EUR/Month from 2000 until 2018, reaching an all time high of 2026.14 EUR/Month in the fourth quarter of 2015 and a record low of 1264.36 EUR/Month in the first quarter of 2000.

Wages in Spain is expected to be 2050.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Spain to stand at 1890.00 in 12 months time. In the long-term, the Spain Average Nominal Monthly Wage is projected to trend around 2100.00 EUR/Month in 2020, according to our econometric models.

Spain Average Nominal Monthly Wage
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Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.45 14.55 26.94 4.41 percent [+]
Employed Persons 19564.60 19528.00 20510.60 10949.20 Thousand [+]
Unemployed Persons 3189.70 3188.21 4889.46 468.29 Thousand [+]
Unemployment Change 83.50 -50.60 461.01 -129.30 Thousand [+]
Part Time Employment 2894.80 2713.80 2899.70 572.70 Thousand [+]
Full Time Employment 16669.80 16814.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 6.10 6.60 13.60 1.50 percent [+]
Youth Unemployment Rate 32.70 34.10 55.90 17.20 percent [+]
Productivity 109.80 111.70 112.80 85.70 Index Points [+]
Labour Costs 98.40 102.40 105.70 66.70 Index Points [+]
Job Vacancies 47.16 32.72 541.53 19.61 Thousand [+]
Wages 1842.62 1951.81 2026.14 1264.36 EUR/Month [+]
Minimum Wages 1050.00 858.55 1050.00 485.71 EUR/Month [+]
Population 46.66 46.53 46.82 30.33 Million [+]
Retirement Age Women 65.50 65.42 65.50 65.00 [+]
Retirement Age Men 65.50 65.42 65.50 65.00 [+]
Labor Force Participation Rate 58.61 58.73 60.55 48.88 percent [+]
Living Wage Family 1150.00 1120.00 1150.00 1060.00 EUR/Month [+]
Living Wage Individual 855.00 820.00 855.00 770.00 EUR/Month [+]
Wages High Skilled 1990.00 1990.00 2120.00 1990.00 EUR/Month [+]
Wages Low Skilled 932.00 894.00 1150.00 894.00 EUR/Month [+]
Employment Change 0.70 0.40 1.80 -2.30 percent [+]
Employment Rate 64.00 64.01 67.18 54.91 percent [+]


Spain Average Nominal Monthly Wage

In Spain, average nominal monthly wage comprises all remunerations, both in cash and in kind, made to workers for the performance of their work services for others, whether it rewards effective work, whatever the method of remuneration, or the rest periods accounted for as work. The wage cost therefore includes the base salary, salary complements, overtime payments, extraordinary payments and delayed payments. All these components are covered in gross terms. This page provides the latest reported value for - Spain Average Nominal Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Average Nominal Monthly Wage - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1842.62 1951.81 2026.14 1264.36 2000 - 2018 EUR/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 35063.00 Nov/18
Australia 1207.40 Jun/18
Brazil 2254.00 Dec/18
Canada 25.46 Nov/18
China 74318.00 Dec/17
France 2998.00 Dec/15
Germany 3899.00 Sep/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 692030.00 Dec/18
Mexico 354.35 Dec/18
Russia 55150.00 Dec/18
Singapore 4962.00 Sep/18
South Africa 20860.00 Sep/18
South Korea 3737254.00 Sep/18
Spain 1842.62 Sep/18
Switzerland 6260.00 Dec/17
Turkey 2207.00 Dec/14
United Kingdom 527.00 Dec/18
United States 23.12 Jan/19


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