Wages in Spain increased to 2061.32 EUR/Month in the fourth quarter of 2020 from 1859.12 EUR/Month in the third quarter of 2020. source: National Statistics Institute (INE)

Wages in Spain averaged 1745.67 EUR/Month from 2000 until 2020, reaching an all time high of 2075.43 EUR/Month in the fourth quarter of 2019 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 May of 2021.

Wages in Spain is expected to be 1899.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Spain to stand at 2092.00 in 12 months time. In the long-term, the Spain Average Nominal Monthly Wages is projected to trend around 2130.00 EUR/Month in 2022 and 2170.00 EUR/Month in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Spain Average Nominal Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
2061.32 1859.12 2075.43 1264.36 2000 - 2020 EUR/Month Quarterly
Current Prices, 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 3910.63 3949.64 5040.22 79.00 Thousand [+]
Unemployment Change -39.01 -59.15 461.00 -129.30 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 37.70 39.60 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 26.72 36.62 541.53 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 6.60 0.60 9.03 -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 [+]


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.