Wages in Spain increased to 2268 EUR/Month in the fourth quarter of 2022 from 2032.05 EUR/Month in the third quarter of 2022. source: National Statistics Institute (INE)

Wages in Spain averaged 1773.77 EUR/Month from 2000 until 2022, reaching an all time high of 2268.00 EUR/Month in the fourth quarter of 2022 and a record low of 1264.36 EUR/Month in the first quarter of 2000. 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 Wages - values, historical data and charts - was last updated on June of 2023.

Wages in Spain is expected to be 2216.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Average Nominal Monthly Wages is projected to trend around 2357.00 EUR/Month in 2024 and 2404.00 EUR/Month in 2025, according to our econometric models.

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Spain Average Nominal Monthly Wages

Related Last Previous Unit Reference
Unemployment Rate 13.26 12.87 percent Mar 2023
Employed Persons 20452.80 20463.90 Thousand Mar 2023
Full Time Employment 17647.40 17682.20 Thousand Mar 2023
Part Time Employment 2805.30 2781.70 Thousand Mar 2023
Labour Costs 117.90 108.40 points Dec 2022
Wages 2268.00 2032.05 EUR/Month Dec 2022
Employment Rate 50.78 50.99 percent Mar 2023
Labor Force Participation Rate 58.55 58.52 percent Mar 2023
Wages in Manufacturing 2586.64 2325.80 EUR/Month Dec 2022

Spain Average Nominal Monthly Wages
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.
Actual Previous Highest Lowest Dates Unit Frequency
2268.00 2032.05 2268.00 1264.36 2000 - 2022 EUR/Month Quarterly
Current Prices, NSA