Over this 23-year period, annual wages in Spain fluctuated greatly, ranging from a low of 29,892 euros in 2006 to a high of approximately 33,253 euros in 2009. The average annual wage stood at approximately 31,945 euros in 2023. Compared to other European countries, Spain ranked fairly low in 2023. 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 2022, 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).

Women and Men in Spain: Average, median, modal annual salary, part time and full time by period. Annual. National.

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.

Women and Men in Spain: Average annual salary by sectors of economic activity and period. Annual. National.

Wages in Manufacturing in Spain increased to 2811.38 EUR/Month in the fourth quarter of 2024 from 2517.75 EUR/Month in the third quarter of 2024. This dataset provides - Spain Average Nominal Monthly Wages in Industry- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Key information about Spain Monthly Earnings

• Spain Monthly Earnings stood at 2,545 USD in Sep 2024, compared with the previous figure of 2,468 USD in Jun 2024
• Spain Monthly Earnings data is updated quarterly, available from Mar 2000 to Sep 2024, with an average number of 2,238 USD
• The data reached the an all-time high of 2,790 USD in Jun 2008 and a record low of 1,171 USD in Dec 2000

CEIC converts Monthly Earnings into USD. National Statistics Institute provides quarterly Employee Wages in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Quarterly Labour Cost Survey data is used. Monthly Earnings exclude Agriculture, Forestry and Fishing sectors.


Further information about Spain Monthly Earnings

• In the latest reports, Spain Population reached 47 million people in Dec 2021
• Unemployment Rate of Spain dropped to 11 % in Sep 2024
• The country's Labour Force Participation Rate increased to 59 % in Sep 2024

Spain’s average income per capita has increased every year since 2014, when the Sovereign Debt Crisis caused a recession. In 2023, the figure amounted to 14,008 euros after taxes, up from 13,008 the previous year. Though this is the highest level to date, the increase is only slightly faster than inflation.

Age and regional differences

The net income per person broken down into age groups shows that young workers, aged between 16 and 29, earn almost 1,300 euros less annually than the national average and more than three thousand euros bellow the average income of workers above 65. This is to be expected, as workers gain experience and expertise as they age. However, regional differences are more remarkable. In the autonomous community with the highest average annual net income, the Basque Country, that figure exceeded 18,189 euros in 2023, while Murcia, which ranked as the region with the lowest average income, registered an average of approximately 11,314 euros per that year.

Disposable income

The income which remains once taxes and social security charges are deduced is known as disposable income. As of 2023, household savings as share of total disposable income in Spain stood at 7.3 percent. However, savings in relation to disposable income are is expected to diminish in the following years. During the last decade, and particularly throughout the Spanish Sovereign Debt Crisis, the country’s households suffered from high rates of indebtedness in relation to gross disposable income. At the peak in 2013, the indebtedness ratio, the ratio of debt to annual income, exceeded 130 percent. The ratio has since decreased and stood at 93.96 percent in the third quarter of 2022.

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.

CEIC converts Annual Household Income per Capita into USD. National Statistics Institute provides Average Household Income per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Annual Household Income per Capita covers Net Household Income only.

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.

Spain Household Annual Net Income: Avg: Galicia data was reported at 26,533.000 EUR in 2016. This records an increase from the previous number of 25,980.000 EUR for 2015. Spain Household Annual Net Income: Avg: Galicia data is updated yearly, averaging 26,267.000 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 27,986.000 EUR in 2009 and a record low of 25,614.000 EUR in 2014. Spain Household Annual Net Income: Avg: Galicia 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.

In 2023, the average annual net household income in Spain was 34,821 euros. Far from the national average was the net household income in the southern regions of Extremadura and Andalusia, where it was less than 30,000 euros. The community with the highest average income was Madrid, with more than 42,900 euros.

Women and Men in Spain: Average annual net income per household, person and consumption unit, by type of household. Annual. National.

Explore the progression of average salaries for graduates in Spanish With Specialization In Sociolinguistics from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Spanish With Specialization In Sociolinguistics relative to other fields. This data is essential for students assessing the return on investment of their education in Spanish With Specialization In Sociolinguistics, providing a clear picture of financial prospects post-graduation.

In 2022, managers registered the higher annual wage in Spain, with an average of 59,478 euros. The second and third best-paid employment groups were professionals and Technicians and associate professionals with an average salary of 39,356 euros and 31,899 euros respectively.

Explore the progression of average salaries for graduates in Spanish And Linguistics from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Spanish And Linguistics relative to other fields. This data is essential for students assessing the return on investment of their education in Spanish And Linguistics, providing a clear picture of financial prospects post-graduation.

In 2022, people working in the electricity, gas, steam, air conditioning supply sector had the highest annual wage in Spain, with earnings of an average of 55,470 euros a year. The second and third best-paid sectors were the workers of the financial and insurance sector and the information and communication sector with an average salary of 47,239 euros and 37,438 euros respectively.

Explore the progression of average salaries for graduates in Spanish And Latin Americnan Lliterature from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Spanish And Latin Americnan Lliterature relative to other fields. This data is essential for students assessing the return on investment of their education in Spanish And Latin Americnan Lliterature, providing a clear picture of financial prospects post-graduation.