Wages in Spain decreased to 1876.95 EUR/Month in the third quarter of 2019 from 1992.18 EUR/Month in the second quarter of 2019. Wages in Spain averaged 1733.50 EUR/Month from 2000 until 2019, reaching an all time high of 2039.01 EUR/Month in the fourth quarter of 2018 and a record low of 1264.36 EUR/Month in the first quarter of 2000. source: National Statistics Institute (INE)
Wages in Spain is expected to be 1923.00 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 1920.00 in 12 months time. In the long-term, the Spain Average Nominal Monthly Wage is projected to trend around 2013.00 EUR/Month in 2020, according to our econometric models.
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.