Minimum Wages in Spain stood at 1166.67 EUR/Month in 2023. 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 1000 x 14) / 12 = EUR 1166.67. source: EUROSTAT
Minimum Wages in Spain averaged 748.99 EUR/Month from 1999 until 2023, reaching an all time high of 1166.67 EUR/Month in the third quarter of 2022 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 February of 2023.