However, some business groups argue that it was too much. Spain's minimum monthly wage was 1,000 euros as of 2022. The minimum annual wage in Spain is 14,000 per year. In 2021, the average wage in Japan was $40,949 USD, according to data from the OECDthe 11th-lowest of the OECD's 38 member countries. Use Ask Statista Research Service, COVID-19 deaths worldwide as of March 28, 2023, by country and territory, COVID-19 cases worldwide as of March 28, 2023, by country or territory, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Mar. All data are based on 1,243 salary surveys. Get Paid to share content with others! There was an unknown error. +0.0021 +0.1901%. Spain . Currently, you are using a shared account. In the Czech Republic, the statutory minimum wage is the equivalent of $480 per month. The annual national minimum wage per day in Spain stood at 36 euros in 2023, 1,080 euros on a monthly basis. Learn more about how Statista can support your business. A full-time worker may take 22 working days (30 calendar days) of paid holiday time annually. Foto: Pool Moncloa/Borja Puig de la Bellacasa France $12 6.2%. Unfortunately gender continues to negatively influence salary in Spain and women earn on average 4% less than their male counterparts. Average Wage [+] 2022: $29,863: $64,889: 2022: Average Wage [+] Average Wage [+] . It also is the sixth-best EU country on the Gender Equality index with high marks when it comes to finances. For skilled workers, the minimum wage is 20 percent higher. Let's take a look at Swiss average salaries and find out. For example, if you move to Barcelona or Madrid you can expect to pay much more for renting or buying a home than in smaller, less expensive towns. In 2017 they are as follows: Daily minimum wage: EUR 23.59. A full-time workweek in Spain is 40 hours. Groups representing the countrys lowest-paid workers say the increase was not enough. Instead, use it as an incentive to get to the same level as men as a woman. Spain's minimum wage was just three cents higher than the American minimum in 2020. A minimum wage is the lowest rate an employer can legally . UMA for 2023 is $103.74 pesos. Shop Pay is an innovative payment solution developed by Shopify. The jobs with the highest annual salaries in Spain are: Here is a quick summary of average salaries for different job levels, according to Paylab: If youre moving to Spain for work, you can secure a higher salary by making sure your academic qualifications are recognized. The maximum rate of average wage for employees was 2075 EUR/Month and minimum was 1264 EUR/Month. Ireland $12 7%. The current statutory minimum wage in France is roughly the equivalent of $1,690 per month. In some sectors or for some professions, a higher education matters a lot. Spain's minimum wage rate is 764.40 per month in 12 payments,655.20 per month in 14 payments,applicable to all workers. At the official exchange rate, Iran's minimum wage is about $261 USD per month. Minimum Daily Wage for 2023 is $207.44 pesos. It is generally not possible to hire skilled employees near the minimum wage in Spain, nor is it advised. Currently, the minimum wage for those workers 23 and older is the equivalent of roughly $409 per week. Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. Show publisher information Ten percent of wages are from 31,900 CUP to 40,800 CUP. A certificate of deposit, more commonly known as a CD, is an investment that earns interest over a set period of time at a locked-in rate. Several classes of workers, however, can earn less. Please try again later. New Zealands lowest-paid workers earn a statutory minimum wage equal to about $11.45 per hour. Salary Comparison by Years of Experience The federal minimum wage for tipped workers is $2.13 per hour, but again, many states have enacted their own legislation to raise that minimum. ", "I truly appreciated the thoroughness and the professionalism of Horizons personnel while we hired internationally with them. Learn more about how Statista can support your business. Liquor servers earn the same minimum wage of $15.50 per hour, and homeworkers earn $17.05 per hour. What is the difference between the average salary and the minimum wage in Spain? Get a free consultation and live platform demo with our local HR expert. People in their second year of work after they turn 18 receive 90 percent of the minimum wage. Data published Quarterly by Eurostat. Most companies in Spain make 14 payments in a year- 12 monthly payments plus an additional payment in July and in December. For an employee on a 40-hour workweek, that's about $5.04 per hour. The rate for 2022 along the 'Northern Border Zone' was . What is the minimum wage in Spain per hour? Learn more about employment in Spain, mean annual earnings for a full-time worker, Read more about the cost of living in Spain, Find a job in Spain with our expat job board, According to the Instituto Nacional de Estadstica, Mediation, Conciliation and Arbitration Services. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The division of 14, rather than 12, is thanks to the Spanish system of paying two extra pay cheques in July and December. It became valid on January 1, 2023. Currently, according to statistics, 1.4 million Romanians earn the minimum salary, out of around 7 million employees. You can click on the 'unsubscribe' link in the email at anytime. Hire in 180+ countries in 24 hours, without a subsidiary. In June 2016, the Chilean government began rolling out a staggered increase in the statutory minimum wage, which will continue in four stages through 2018. The state bulletin (BOE) confirming the government ruling states that the measure is in force from September 2021, meaning it should reflect in the payslip of Spain's roughly 1.5 minimum wage . From research to software to news, find what you need to stay ahead. We are pleased with Horizons expertise and the fact that they are flexible, responsive, and easily accessible from Belgium. As of 2022 Catalonia still has the same minimum salary as the rest of Spain. Spain Netherlands Philippines Finland France Italy Denmark The government has been steadily increasing the minimum monthly wage over the past decades. Don't use this factor as an indicator to settle on your gender-determined salary. At the beginning of 2016, the lowest earners in Brazil got a sizable 11.6 percent pay hike. Salaries are different between men and women. Here you have the comparison of Spain vs United States, Minimum wages. "Average annual wages in Spain from 2000 to 2021 (in euros)." Now, it wants to increase its minimum wage by as much as 250 ($295) per month. In, RTVE. Strikes against a single company can be organized by trade unions, elected representatives (work councils, employee delegates), or the employees themselves. The current minimum salary in Madrid is on pair with the local cost of living. If the employee and employer cannot reach an agreement, cases generally proceed to the local labor courts (juzgados de lo social). This roughly amounts to USD 232/month. They must include a salary audit in the plan and make it publicly available. However, some argue that a minimum wage doesn't always reflect a 'living wage'. Take-profit.org, 2023 | All rights reserved. The salaries vary based on experience level and the number of hours that they work. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information So if you want to apply for a job in Spain, consider these professions: The average salary in Spain varies based on your location. The wage hike benefited 3.36 million workers. On Jan. 1, 2017, the lowest-paid South Koreans received a boost in pay from the equivalent of $5.30 per hour to $5.69 per hour. Get a full comparison between Spain vs United States, based on Cost of living information. Available: https://www.statista.com/statistics/419513/average-annual-wages-spain-y-on-y-in-euros/, Average annual wages in Spain from 2000 to 2021, Immediate access to statistics, forecasts & reports, Life expectancy at birth in Spain 2020, by gender, Median age of the population in Spain 1950-2050, Gross domestic product (GDP) in Spain 2028, Spain's share of global gross domestic product (GDP) 2028, Gross domestic product (GDP) per capita in Spain 2027, Gross domestic product (GDP) growth in Spain 2027, Distribution of gross domestic product (GDP) across economic sectors in Spain 2021, Distribution of the workforce across economic sectors in Spain 2019, National debt of Spain in relation to gross domestic product (GDP) 2028, Ratio of military expenditure to gross domestic product (GDP) in Spain 2021, Government revenue and spending in Spain 2027, Ratio of government expenditure to gross domestic product (GDP) in Spain 2028, Budget balance in Spain in relation to gross domestic product (GDP) 2028, New cases of COVID-19 worldwide from January 23, 2020 to February 26, 2023, by day, Average annual wages in Austria 2000-2021, Average annual wages in Slovenia 2000-2021, Average annual wages in Slovakia 2000-2021, Average annual wages in Estonia 2000-2021, Average annual wages in Portugal 2000-2021, Average annual wages in Luxembourg 2000-2021, Average annual wages in Ireland 2000-2021, Average annual wages in Germany 2000-2021, Median earnings in the UK software publishing industry 2011-2018, Median earnings in the UK digital sector from 2011 to 2018, Median earnings in the UK film,TV , radio and music industry from 2011 to 2018, Median earnings in the UK telecommunications industry 2011-2018, Average annual wage in the IT sector in Spain 2016, by technology type, Mean earnings per eSports player Malaysia 2016-2020, Average annual wages in Spain from 2000 to 2021 (in euros), Find your information in our database containing over 20,000 reports, average salary for a male full-time employee, regions such as Extremadura and the Canary Islands. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The Spanish government has agreed to hike the minimum wage for the second time in less than two years, bowing to demands from its junior partner and unions despite . Show publisher information Proof that your annual income is equivalent to 200% of the minimum wage in Spain (roughly $26,000 USD). Spains minimum wage is the equivalent of $807 per month. Spain's Minimum Wage is the lowest amount a worker can be legally paid for his work. This adds up to 14,000 per year. Click through to find out how the minimum wage changes as you travel around the world. Presuming a 40-hour workweek, thats $4.18 per hour. Switzerland Minimum Wage and Average Salary (2022) - Studying in Switzerland When it comes to salaries, many see Switzerland as a financial haven. If you're a member of Gen Z who has made it to adulthood within the last decade, you're in a unique position to get your financial house in order at a young age. Your business can easily hire employees in Spain without opening a local entity. But is it really so? Spains 2023 minimum wage decree was published in the countrys gazette Feb. 15. Spain Hourly minimum wage: $7.28 Annual minimum wage: $15,191.21 Spain was one of the countries that gave its citizens generous financial aid during the pandemic. Apparently Bulgaria and the United Kingdom have similar percentages of their populations living in poverty, even though their country's stated minimum wages are quite different. So once expats get a well-paying job in Spain, the benefits of life in Spain outweigh the time it takes to find a relevant job for English speakers. 660 Likes, 19 Comments - Latinometrics (@latinometrics) on Instagram: "Venezuela now has more migrants that have fled their homes than Syria. Spain's yearly minimum wage is $11,426.00 in International Currency. Countries marked on the map in purple do not have a minimum wage. However, Spain also has a lower cost of living than most of its western European neighbors. English teaching positions, especially during seasonal periods, are common among expats moving to Spain. Japan operates under a complex system in which the minimum wage varies depending on industry and location, or prefecture. This minimum wage rate also applies to the capital Bogota. You can use a salary calculator to verify this. In 2022, the average salary in Spain is 2,710 gross per month or 32,520 per year. Dont Miss: How Your Employee Benefits Can Help You Save Over $750 Every Month. The maximum level was 1150 EUR/Month and minimum was 894 EUR/Month. How Does the U.S. The statutory minimum wage in Slovenia is the equivalent of $919 per month. The Ministry of Employment and Social Security sets the minimum wage in Spain at daily, monthly, and annual levels. ", "We needed an EOR that could provide expert support for payroll in APAC. When hiring international employees on a dispersed team, it is usually a wiser investment to hire employees with track records of success and several years of experience who you know can work independently and be successful. But here's how Canada's minimum wage compares to other parts of the world. The Spanish Salary Guarantee Fund (Fondo de Garanta Salarial, FOGASA) works with the Spanish Ministry of Labour (Ministerio de Trabajo) to guarantee the compensation of unpaid workers salaries as a result of their employer going insolvent, ceasing payments, going into liquidation or entering into composition with creditors. statistic alerts) please log in with your personal account. In 2016, Russians received a 20 percent raise in the statutory minimum wage, which increased from the equivalent of about $90 per month to $109 per month. $7.51-$10.00. According to the Instituto Nacional de Estadstica (Spains national statistical agency), Morocco is the largest single origin country for immigrants to Spain. . The labor system is overseen by a Fair Work ombudsman, who enforces minimum wage standards and levies fines and other punishments against employers who dont abide by the minimum pay rules. In the end, your actual gross salary depends on these 6 factors: As you can see from the previous table, the salary you earn in Spain (or anywhere else) heavily depends on which career field you choose. Mexico's general minimum wage ( Salario Minimo) was raised on January 1, 2022 to $172.87 pesos per work day, a 23% rise on the 2021 level of $141.70. That rate is currently the equivalent of $9.73 per hour. Its current minimum wage is at an all-time high, according to Trading Economics. Those who have worked for one year past their 18th birthdays get 80 percent, and those under the age of 18 earn 70 percent of the minimum wage. If you are an admin, please authenticate by logging in again. Portugals statutory minimum wage is around $636 per month. When compared to other European countries, Spains average net salary sits in the middle. When it comes to salaries, many see Switzerland as a financial haven. Minimum Wages in Spain remained unchanged at 1167 EUR/Month (1283.165 USD/Month) in the first quarter of 2023. If you are an admin, please authenticate by logging in again. 28, 2023, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Feb. 26, 2023, by day, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Well, compared to other EU countries Italy generally falls short. Spain's Labour Minister Yolanda Daz on Wednesday announced that the Spanish Cabinet will approve an increase of the country's minimum wage up to 1,000 at their next meeting on February 22nd. . $7.93 - $10.68 per hour. Don't forget: the cost of living in Barcelona is higher than in Mlaga. Read about our commitment to our clients here. Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. The average hourly worker earns $18.78 per hour, and the federal minimum wage is $7.25 per hour, unchanged since 2009. Minimum Wage (in US dollars) Canada. As such, if you plan to move to Spain to live and work, you should be aware of how much you can expect to earn. (January 1, 2023). They were able to provide services within the short timeline we required.". Close to 70.5% of Spains foreign workforce population was employed in 2019. Average annual wages in Spain from 2000 to 2021 (in euros) [Graph]. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Supporters of minimum wage argue the opposite, saying that it increases the standard of living for workers, reduces poverty and inequality, stimulates the economy by increasing purchasing power, and boosts employee morale. It is generally not possible to hire skilled employees near the minimum salary out... 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Was employed in 2019 make it publicly available euros in 2023, 1,080 euros on monthly! Save over $ 750 Every month dont Miss: how your employee Benefits can Help you Save over $ Every! Cents higher than the American minimum in 2020 with high marks when it comes to,... Matters a lot use this factor as an incentive to get to the capital.. Hourly worker earns $ 18.78 per hour to provide services within the short timeline we required. `` can! Generally falls short hours that they are flexible, responsive, and earn! Flexible, responsive, and easily accessible from Belgium % less than their male counterparts for his work along... Is 20 percent higher was 1150 EUR/Month and minimum was 1264 EUR/Month western European neighbors men as woman! 11.6 percent Pay hike got a sizable 11.6 percent Pay hike Trading.! Brazil got a sizable 11.6 percent Pay hike `` we needed an that. 261 USD per month minimum monthly wage was 1,000 euros as of 2022 in Slovenia the. 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