Salaries in Spain range from 830 EUR per month (minimum salary) to 11,400 EUR per month (maximum average salary, actual maximum is higher). Credit: Expatica. Average Salary in Madrid, Spain. Living Wage Family in Spain increased to 1150 EUR/Month in 2018 from 1120 EUR/Month in 2017. A variety of factors come in to play when deciding the minimum wage, including national productivity and employment levels. While the minimum wage is showing a constant year to year growth in Madrid, average salaries remain the same for the past years. For instance, for Spain, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 900 x 14) / 12 = EUR 1,050. Most countries have a nation-wide minimum wage that all workers must be paid. For example, a new minimum wage of $20 will have a more significant effect than $10. Average Salary in Madrid, Spain. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. “I want to announce that we are a strong government, that we are heeding the mandate of a social majority that wants us to move forward,” Labour Minister Yolanda Diaz said after meeting with business and union representatives. The In 2019, the minimum wage in Spain has risen by an unprecedented 22%, increasing from €736 to €900. This increase is greater than the CPI of 2019 which was 0.8%, so workers have gained buying power in the last year. It will then be authorised by royal decree, without the need for approval by parliament.Spain sets the minimum wage annually, but recent increases have been much smaller - set at just 4% a year ago.If all goes to according to plan, the increase will be the biggest since 1977, the year of Spain's first free elections following the death of dictator Francisco Franco.The large bump is the result of an ongoing attempt by Mr Sánchez's minority government to secure its political plans - including budget measures - with the help of anti-austerity party Podemos.Podemos claimed the minimum wage increase as a victory for the party, with its General Secretary Ramón Espinar calling it "the first step to balance the scales".Mr Sánchez is also under pressure from Catalan separatist parties - Four weekends of violent protests against fuel tax rises, living costs and other issues prompted Mr Macron to announce economic concessions.The effective increase of 7% will be met by the government rather than employers, at the cost of billions of euros in public money.Other measures included cancelling a planned tax increase for low-income pensioners, overtime pay no longer being taxed, and employers asked to pay a tax-free end of year bonus to employees.But Mr Macron did not reinstate a tax on the wealthy he had abolished, saying "this would weaken us, we need to create jobs".More than two million vulnerable people can now leave their home for the first time since lockdown began. In those cases where workers are not paid 14 minimum wages per year, the monthly wage is 1050 euros. “The minimum wage has not destroyed employment in Spain. Reporting by Belen Carreno; Writing by Jessica Jones; Editing by Mark Heinrich and David GregorioFILE PHOTO: Spain's Labour Minister Yolanda Diaz arrives to attend the first cabinet meeting at the Moncloa Palace in Madrid, Spain, January 14, 2020. THE Spanish Government has officially approved the decree that includes the increase in the minimum wage (SMI) to €950 euros, an increase of 5.5% from 2019.
Spain’s government says it will pay tens of thousands of the country’s lowest-income households a “minimum living wage” starting in May, a campaign … 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.
Prime Minister Pedro Sanchez decreed a 22 percent increase in the minimum wage in late 2018. Employers who fail to adhere to Spain’s minimum wage regulations can be fined.This site uses functional cookies and external scripts to improve your experience.
She said the rise in minimum wage to 1,108 euros per month was a “small tool” for tackling inequality.
Accordingly the national minimum wage has been raised 58.3 Euros per month from the previous year, 5.55%.
REUTERS/Susana Vera
Spain’s minimum wage is also in the lower band at an international level. While the minimum wage is showing a constant year to year growth in Madrid, average salaries remain the same for the past years. The minimum wage in Spain listed above can thus be increased by collective bargaining or through an individual contract with a company.If you’re not being paid the minimum wage in Spain and should be, you can complain to the Labour Inspectorate, who will assess your case. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), Belgium (38 hours), Ireland (39 hours), and Germany (39.1 hours).. 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. Spain's minimum wage rate is €764.40 per month in 12 payments,€655.20 per month in 14 payments,applicable to all workers.
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