Minimum wages in Spain stood at EUR 1,125.83 per month in the first semester of 2022. source: EUROSTAT

Minimum Wages in Spain averaged 722.63 EUR/Month from 1999 until 2021, reaching an all time high of 1108.33 EUR/Month in the first quarter of 2020 and a record low of 485.71 EUR/Month in the third quarter of 1999. 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 - values, historical data and charts - was last updated on July of 2022.

Minimum Wages in Spain is expected to be 1108.33 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Gross Minimum Monthly Wage is projected to trend around 1210.00 EUR/Month in 2022 and 1270.00 EUR/Month in 2023, according to our econometric models.

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Spain Gross Minimum Monthly Wage

Related Last Previous Unit Reference
Long Term Unemployment Rate 5.60 5.70 percent Mar 2022
Youth Unemployment Rate 28.90 29.60 percent Apr 2022
Productivity 98.58 100.84 points Mar 2022
Minimum Wages 1125.83 1108.33 EUR/Month Mar 2022
Population 47.33 46.94 Million Dec 2020
Employment Change 1.00 2.60 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
1125.83 1108.33 1125.83 485.71 1999 - 2022 EUR/Month Quarterly