Over this 23-year period, annual wages in Spain fluctuated greatly, ranging from a low of 28,685 euros in 2006 to a high of approximately 31,910 euros in 2009. The average annual wage stood at approximately 30,655 euros in 2023. Compared to other European countries, Spain ranked fairly low in 2022. The annual salary in the Iberian country was similar to salaries in Italy and Slovenia, but remained far from the figures that were registered in France, Ireland and Germany. Minimum wage Spain's minimum monthly wage was 1,134 euros as of 2024. Unlike the average annual wage, it has been constantly increasing on a nearly continuous basis since 2008, when the minimum wage was 600 euros per month. In 2019, the Socialist government of Spain passed a law by that increased the national minimum wage by 164 euros, therefore making it stand at 900 euros per month and reflecting the largest increase to date. Along with the monthly wage, the national minimum daily wage has also been raised consistently over the past years. In 2024, the gross minimum was 37.8 euros a day, whereas in 2000 it was 20 euros a day. Unequal pay The average salary in Spain diverges considerably according to different factors. For instance, the gender salary gap remains significant in the Mediterranean country, although it has shrunk in recent years. In 2021, the average salary for a male full-time employee was around nine percent higher than his female counterpart. The gender gap is even wider for permanent positions: that year, average annual salaries for women were roughly 6,000 euros less than average salaries for men. The salary gap is also conspicuous when looking at the wage for workers with disabilities, a gap that has increased in recent years. Geographic location is also important; the average net salary in regions such as Extremadura and the Canary Islands was less than 23,100 euros per year in 2022, far from the salary in the Basque Country and Madrid (32,300 and 31,200 euros, respectively).

In 2022, the Basque Country registered the highest average annual wage in Spain, with approximately 32,313 euros per year. The second and third best-paid regions were the Community of Madrid and Navarre with over 29,000 euros each. Spain's minimum monthly wage was 1,134 euros in 2024, with a daily minimum wage of 37.8.

Wages in Spain increased to 2442.32 EUR/Month in the fourth quarter of 2024 from 2205.43 EUR/Month in the third quarter of 2024. This dataset 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.

In 2023, the average gross monthly wage for individuals aged 55 or older in Spain was 2,478 euros, which is almost 600 euros higher than it was in 2006. On the other hand, workers aged between 16 and 24 earned a gross salary of 1,387 euros per month, which is 303 euros higher than at the beginning of the observed period.

Wages in Spain increased 3.52 percent in December of 2024 over the same month in the previous year. This dataset provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national minimum wage per month in Spain increased steadily over the last years. The minimum monthly wage grew by about 89 percent from 2008 to 2024, with salaries increasing from 600 euros a month to 1,134 euros a month in 2023. In 2019, the Socialist government of Spain passed a decree by which the national minimum wage would be given a boost of 164 euros, therefore making it stand at 900 euros per month as of that year, the largest increase to date.

Salaries in Spain

Along with the monthly wage, the national minimum daily wage also grew consistently over the past years, with the gross minimum standing at 37.8 euros a day in 2024 relative to 20 euros a day in 2008. Annual wages in Spain have however not followed this trend and fluctuated greatly during the same period. The highest average wage registered in Spain took place in 2009, year in which the mean salary amounted to over 30,000 euros a year after a period of ongoing growth. Spanish salaries however initiated a downtrend that prompted the average worker to earn approximately 29,113 thousand euros a year in 2022.

Salaries in Europe

Iceland ranked as the European country that featured the highest salaries in 2022, with an average wage of approximately 79,473 euros a year. Luxembourg and Switzerland followed second and third, with average salaries of 78,000 and 73,000 a year, respectively. In terms of growth, Portugal ranked as the country that saw the lowest decrease in salaries in 2022 compared to the previous year, with a development of -0.2 percent more relative to 2021, during that year, no European country registered an increase in real wages.

Women and Men in Spain: Average annual salary by occupation groups and period. Annual. National.

In 2023, the average annual net income per capita in Spain was 14,082 euros. The autonomous community with the highest average annual net income was the Basque Country, where it exceeded 18,189 euros. In contrast, Extremadura was the region with the lowest average income, with 11,314 euros per year.

Table of INEBase Average, median, modal annual salary, part time and full time by period. National. Women and Men in Spain

Key information about Spain Household Income per Capita

• Spain Annual Household Income per Capita reached 14,807.750 USD in Dec 2022, compared with the previous value of 15,385.010 USD in Dec 2021.
• Spain Annual Household Income per Capita data is updated yearly, available from Dec 2007 to Dec 2022, with an averaged value of 13,903.387 USD.
• The data reached an all-time high of 16,562.434 USD in Dec 2008 and a record low of 11,880.468 USD in Dec 2015.
• In the latest reports, Retail Sales of Spain grew 3.100 % YoY in Dec 2023.

Women and Men in Spain: Average annual net income by household by age of the reference person and period. Annual. National.

After the financial crisis of 2007-2008, salary growth stagnated in Spain, falling from eight percent in 2008 to 0.2 in 2011. In 2016 the average gross annual salary experienced a negative growth, falling by 0.8 percent compared to 2015. In 2023, by contrast, it grew by 7.28 percent.

The average pre-tax income of the top ten percent earners in Spain was over 95,500 euros at purchasing power parity (PPP) as of 2022, almost nine times more than the average income of the bottom half earners. Looking at the distribution of national income in Spain, the earnings of the least affluent half of the population equated to 21 percent of the total country income in 2022, 0.1 percentage points less than one decade earlier. Moreover, the top one percent of earners in Spain accounted for over ten percent of the overall national income.

Spain Household Annual Net Income: Avg: Aragon data was reported at 29,098.000 EUR in 2016. This records an increase from the previous number of 28,019.000 EUR for 2015. Spain Household Annual Net Income: Avg: Aragon data is updated yearly, averaging 29,325.000 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 31,598.000 EUR in 2008 and a record low of 28,019.000 EUR in 2015. Spain Household Annual Net Income: Avg: Aragon data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Living Conditions Survey (LCS): Household income by Autonomous Community. Annual. Autonomous Communities and Cities.

In 2023, the average annual net income per capita for individuals aged 30-44 amounted to approximately 14,078 euros. The 65 and over age group has the highest average annual net income at 16,185 euros, which was five thousand euros higher than the 16 to 29 age group at 10,129 euros.

Spain Household Annual Net Income: Avg: Region of Murcia data was reported at 23,574.000 EUR in 2016. This records an increase from the previous number of 22,425.000 EUR for 2015. Spain Household Annual Net Income: Avg: Region of Murcia data is updated yearly, averaging 23,737.500 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 26,995.000 EUR in 2007 and a record low of 21,269.000 EUR in 2013. Spain Household Annual Net Income: Avg: Region of Murcia data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Table of INEBase Average annual salary by occupation groups and period. National. Women and Men in Spain

Spain Household Annual Net Income: Avg: Ceuta data was reported at 29,117.000 EUR in 2016. This records a decrease from the previous number of 30,180.000 EUR for 2015. Spain Household Annual Net Income: Avg: Ceuta data is updated yearly, averaging 30,894.500 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 36,544.000 EUR in 2010 and a record low of 28,280.000 EUR in 2014. Spain Household Annual Net Income: Avg: Ceuta data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Spain Household Annual Net Income: Avg data was reported at 36,996.000 EUR in 2023. This records an increase from the previous number of 34,821.000 EUR for 2022. Spain Household Annual Net Income: Avg data is updated yearly, averaging 28,787.000 EUR from Dec 2007 (Median) to 2023, with 17 observations. The data reached an all-time high of 36,996.000 EUR in 2023 and a record low of 26,092.000 EUR in 2014. Spain Household Annual Net Income: Avg data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H021: Households Net Income.