Wages in Spain decreased 1.77 percent in August of 2020 over the same month in the previous year.

Wage Growth in Spain averaged 1.66 percent from 1978 until 2020, reaching an all time high of 9.03 percent in April of 1988 and a record low of -7.18 percent in November of 2012. This page provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Wage Growth - values, historical data and charts - was last updated on October of 2020.

Wage Growth in Spain is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Spain to stand at 1.20 in 12 months time. In the long-term, the Spain Wage Growth is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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Spain Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
-1.77 -1.34 9.03 -7.18 1978 - 2020 percent Monthly
NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.26 15.33 26.94 4.41 percent [+]
Employed Persons 19176.90 18607.20 20510.60 10949.20 Thousand [+]
Unemployed Persons 3776.49 3802.81 5040.22 79.00 Thousand [+]
Unemployment Change -26.33 29.78 461.00 -129.30 Thousand [+]
Part Time Employment 2654.70 2486.10 2951.50 572.70 Thousand [+]
Full Time Employment 16522.10 16121.10 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 4.10 5.10 13.60 1.50 percent [+]
Youth Unemployment Rate 43.90 41.70 55.90 17.20 percent [+]
Labour Costs 96.10 101.10 108.40 66.70 points [+]
Productivity 105.20 101.40 105.20 85.10 points [+]
Job Vacancies 42.85 32.63 541.53 14.47 Thousand [+]
Wages 1804.08 1889.78 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 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 2466.09 2207.71 2466.09 1372.25 EUR/Month [+]
Wage Growth -1.77 -1.34 9.03 -7.18 percent [+]
Labor Force Participation Rate 57.83 55.54 60.55 48.88 percent [+]
Employment Change -7.50 -1.00 1.60 -7.50 percent [+]
Employment Rate 48.43 47.03 54.73 38.36 percent [+]