Wages in Spain decreased to 2006.61 EUR/Month in the first quarter of 2022 from 2165.79 EUR/Month in the fourth quarter of 2021. source: National Statistics Institute (INE)

Wages in Spain averaged 1761.04 EUR/Month from 2000 until 2022, reaching an all time high of 2165.79 EUR/Month in the fourth quarter of 2021 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 July of 2022.

Wages in Spain is expected to be 2147.00 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 2264.00 EUR/Month in 2023 and 2310.00 EUR/Month in 2024, according to our econometric models.

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Spain Average Nominal Monthly Wages



Related Last Previous Unit Reference
Unemployment Rate 13.65 13.33 percent Mar 2022
Employed Persons 20084.70 20184.90 Thousand Mar 2022
Part Time Employment 2809.30 2738.00 Thousand Mar 2022
Full Time Employment 17275.50 17447.00 Thousand Mar 2022
Labour Costs 113.10 104.20 points Dec 2021
Wages 2006.61 2165.79 EUR/Month Mar 2022
Employment Rate 50.51 50.83 percent Mar 2022
Labor Force Participation Rate 58.50 58.65 percent Mar 2022
Wages In Manufacturing 2488.90 2228.07 EUR/Month Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
2006.61 2165.79 2165.79 1264.36 2000 - 2022 EUR/Month Quarterly
Current Prices, NSA