Minimum wages in Spain increased to EUR 1,050 per month in 2019 from EUR 858.55 per month in 2018. Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Spain, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 900 x 14) / 12 = EUR 1,050. This was the largest increase in the minimum wages since 1977. Minimum Wages in Spain averaged 685.90 EUR/Month from 1999 until 2019, reaching an all time high of 1050 EUR/Month in the second quarter of 2019 and a record low of 485.71 EUR/Month in the fourth quarter of 1999. source: Eurostat

Minimum Wages in Spain is expected to be 1050.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Spain to stand at 1150.00 in 12 months time. In the long-term, the Spain Gross Minimum Monthly Wage is projected to trend around 1210.00 EUR/Month in 2020, according to our econometric models.

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Spain Gross Minimum Monthly Wage
Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.92 14.02 26.94 4.41 percent [+]
Employed Persons 19874.30 19804.90 20510.60 10949.20 Thousand [+]
Unemployed Persons 3177.66 3079.71 5040.22 79.00 Thousand [+]
Unemployment Change 97.95 13.90 461.01 -129.30 Thousand [+]
Part Time Employment 2789.20 2951.50 2951.50 572.70 Thousand [+]
Full Time Employment 17085.10 16853.40 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.40 5.60 13.60 1.50 percent [+]
Youth Unemployment Rate 32.80 32.20 55.90 17.20 percent [+]
Productivity 113.90 105.90 113.90 85.70 Index Points [+]
Labour Costs 104.80 100.40 105.90 66.70 Index Points [+]
Job Vacancies 41.14 33.22 541.53 19.61 Thousand [+]
Wages 1992.18 1876.19 2039.01 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 EUR/Month [+]
Population 46.66 46.53 46.82 30.33 Million [+]
Retirement Age Women 65.67 65.50 65.67 65.00 [+]
Retirement Age Men 65.67 65.50 65.67 65.00 [+]
Labor Force Participation Rate 58.72 58.74 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 [+]
Wage Growth 4.02 6.72 9.03 -7.18 percent [+]
Employment Change 0.30 0.70 1.80 -2.30 percent [+]
Employment Rate 64.54 64.49 67.18 54.91 percent [+]


Spain Gross Minimum Monthly Wage

Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Spain, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 900 x 14) / 12 = EUR 1,050. This page provides the latest reported value for - Spain Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1050.00 1050.00 1050.00 485.71 1999 - 2019 EUR/Month Quarterly




Country Last Previous
Argentina 16875.00 Oct/19 15625
Australia 740.80 Jul/19 719
Brazil 998.00 Nov/19 998
Canada 14.00 Dec/19 14
China 2480.00 Apr/19 2420
France 1521.22 Dec/19 1521
Germany 9.19 Jan/19 8.84
India 176.00 Dec/18 176
Indonesia 3.94 Jan/19 3.6
Japan 901.00 Oct/19 874
Mexico 102.68 Aug/19 103
Netherlands 1635.60 Dec/19 1616
Russia 11163.00 May/18 9489
South Korea 8350.00 Dec/19 7530
Spain 1050.00 Dec/19 1050
Turkey 2558.40 Dec/19 2558
United Kingdom 8.21 Apr/19 7.83
United States 7.25 Dec/19 7.25


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