Wages in Spain increased 9.56 percent in April of 2021 over the same month in the previous year. source: Ministry of the Economy and Finance

Wage Growth in Spain averaged 1.67 percent from 1978 until 2021, reaching an all time high of 9.56 percent in April of 2021 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 June of 2021.

Wage Growth in Spain is expected to be 1.00 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 1.40 in 12 months time. In the long-term, the Spain Wage Growth is projected to trend around 1.80 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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Spain Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
9.56 6.60 9.56 -7.18 1978 - 2021 percent Monthly
NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.98 16.13 26.94 4.41 percent [+]
Employed Persons 19206.80 19344.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3781.25 3910.63 5040.22 79.00 Thousand [+]
Unemployment Change -129.38 -39.01 461.00 -129.38 Thousand [+]
Part Time Employment 2696.10 2799.10 2951.50 572.70 Thousand [+]
Full Time Employment 16510.60 16545.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.00 4.10 13.60 1.50 percent [+]
Youth Unemployment Rate 38.00 37.70 55.90 17.20 percent [+]
Labour Costs 99.40 96.10 108.40 66.70 points [+]
Productivity 100.20 98.80 105.20 85.10 points [+]
Job Vacancies 55.46 46.99 541.53 14.47 Thousand [+]
Wages 2061.32 1859.12 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 47.33 46.94 47.33 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 [+]
Labor Force Participation Rate 57.69 58.19 60.55 48.88 percent [+]
Wages In Manufacturing 2525.41 2442.91 2755.15 1693.90 EUR/Month [+]
Wage Growth 9.56 6.60 9.56 -7.18 percent [+]
Employment Change 1.20 3.00 3.00 -7.50 percent [+]
Employment Rate 48.47 48.81 54.73 38.36 percent [+]