Wages in Spain decreased to 1907.82 EUR/Month in the first quarter of 2021 from 2061.32 EUR/Month in the fourth quarter of 2020. source: National Statistics Institute (INE)

Wages in Spain averaged 1747.57 EUR/Month from 2000 until 2021, reaching an all time high of 2075.43 EUR/Month in the fourth quarter of 2019 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 September of 2021.

Wages in Spain is expected to be 1984.00 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 1996.00 in 12 months time. In the long-term, the Spain Average Nominal Monthly Wages is projected to trend around 2206.00 EUR/Month in 2022 and 2250.00 EUR/Month in 2023, according to our econometric models.

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Spain Average Nominal Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
1907.82 2061.32 2075.43 1264.36 2000 - 2021 EUR/Month Quarterly
Current Prices, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.26 15.98 26.94 4.41 percent [+]
Employed Persons 19671.70 19206.80 20510.60 10949.20 Thousand [+]
Unemployed Persons 3333.92 3416.50 5040.22 79.00 Thousand [+]
Unemployment Change -82.58 -197.84 461.00 -197.84 Thousand [+]
Part Time Employment 2835.40 2696.10 2951.50 572.70 Thousand [+]
Full Time Employment 16836.30 16510.60 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 6.30 5.70 13.60 1.50 percent [+]
Youth Unemployment Rate 35.10 37.00 56.10 17.20 percent [+]
Labour Costs 102.50 108.30 108.40 66.70 points [+]
Productivity 98.70 100.20 106.10 85.10 points [+]
Job Vacancies 48.47 59.48 541.53 14.47 Thousand [+]
Wages 1907.82 2061.32 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 47.33 46.94 47.33 30.33 Million [+]
Retirement Age Women 66.00 65.83 66.00 65.00 [+]
Retirement Age Men 66.00 65.83 66.00 65.00 [+]
Labor Force Participation Rate 58.58 57.69 60.55 48.88 percent [+]
Wages In Manufacturing 2248.24 2442.35 2466.09 1372.25 EUR/Month [+]
Wage Growth 15.56 14.46 15.56 -7.18 percent [+]
Employment Change -0.90 1.00 3.00 -7.50 percent [+]
Employment Rate 49.63 48.47 54.73 38.36 percent [+]


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.