Wages in Spain increased to 2064.37 EUR/Month in the second quarter of 2021 from 1907.82 EUR/Month in the first quarter of 2021. source: National Statistics Institute (INE)

Wages in Spain averaged 1751.26 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 December of 2021.

Wages in Spain is expected to be 2157.00 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 2320.00 EUR/Month in 2022 and 2366.00 EUR/Month in 2023, according to our econometric models.

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Spain Average Nominal Monthly Wages

Related Last Previous Unit Reference
Unemployment Rate 14.57 15.26 percent Sep/21
Employed Persons 20031.00 19671.70 Thousand Sep/21
Full Time Employment 17333.90 16836.30 Thousand Sep/21
Part Time Employment 2697.10 2835.40 Thousand Sep/21
Labour Costs 108.90 102.50 points Jun/21
Wages 2064.37 1907.82 EUR/Month Jun/21
Employment Rate 50.52 49.63 percent Sep/21
Labor Force Participation Rate 59.14 58.58 percent Sep/21
Wages In Manufacturing 2373.53 2248.24 EUR/Month Jun/21
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.