Wages in Spain increased to 1859.12 EUR/Month in the third quarter of 2020 from 1804.08 EUR/Month in the second quarter of 2020. source: National Statistics Institute (INE)

Wages in Spain averaged 1741.86 EUR/Month from 2000 until 2020, 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 February of 2021.

Wages in Spain is expected to be 2100.00 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 1822.00 in 12 months time. In the long-term, the Spain Average Nominal Monthly Wages is projected to trend around 2073.00 EUR/Month in 2021 and 2112.00 EUR/Month in 2022, according to our econometric models.

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Spain Average Nominal Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
1859.12 1804.08 2075.43 1264.36 2000 - 2020 EUR/Month Quarterly
Current Prices, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.13 16.26 26.94 4.41 percent [+]
Employed Persons 19344.30 19176.90 20510.60 10949.20 Thousand [+]
Unemployed Persons 3964.35 3888.14 5040.22 79.00 Thousand [+]
Unemployment Change 76.20 36.80 461.00 -129.30 Thousand [+]
Part Time Employment 2799.10 2654.70 2951.50 572.70 Thousand [+]
Full Time Employment 16545.20 16522.10 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.00 4.10 13.60 1.50 percent [+]
Youth Unemployment Rate 40.70 40.90 55.90 17.20 percent [+]
Labour Costs 96.10 101.10 108.40 66.70 points [+]
Productivity 98.80 99.20 105.20 85.10 points [+]
Job Vacancies 35.39 30.70 541.53 14.47 Thousand [+]
Wages 1859.12 1804.08 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 46.94 46.66 46.94 30.33 Million [+]
Retirement Age Women 65.83 65.67 65.83 65.00 [+]
Retirement Age Men 65.83 65.67 65.83 65.00 [+]
Wages In Manufacturing 2525.41 2442.91 2755.15 1693.90 EUR/Month [+]
Wage Growth -0.52 0.14 9.03 -7.18 percent [+]
Labor Force Participation Rate 58.19 57.83 60.55 48.88 percent [+]
Employment Change 1.20 3.10 3.10 -7.50 percent [+]
Employment Rate 48.81 48.43 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.