End service in Spain with no additional penalties or fees. (1 EUR=1.1057 . The salaries vary based on experience level and the number of hours that they work. "National minimum wage per month in Spain from 2008 to 2023 (in euros)." Salary Range, Minimum Wage, and Starting Salary Salaries in Spain range from 830 EUR per month (starting salary) to 11,400 EUR per month (maximum average salary, actual maximum is higher). According to the New York Times, the country is still dealing with numerous economic problems, with workers facing stagnant wages and massive household debt. Starting from $468 USD / Year. Is it possible to hire skilled employees close to the minimum wage. The hourly minimum wage for domestic workers increased to 8.45 euros, from 7.82 euros. Spains monthly and daily minimum wages increased for 2023, Casual, seasonal, and domestic workers have separate minimum wages. When compared to other European countries, Spains average net salary sits in the middle. The minimum wage in Spain is known as the SMI ( Salario Mnimo Interprofesional) Spanish minimum wages are expressed as daily, monthly and annual calculations. In other words, you should earn at least 7.82 per hour in 2022. Ten percent of wages are from 31,900 CUP to 40,800 CUP. All Right Reserved. Spain has a national minimum wage that applies to all regions. Spain - $7.30 United States $7.25 Andorra - $6.72 Slovenia - $5.84 Taiwan - $5.26 It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. . More than 5.5 million people in Spain earn the minimum wage, and the country's unions want a raise. $10 on sign up. As a full-time worker with a minimum salary, you will generally receive 1,000 a month, payable in 14 installments to allow for the double monthly salary in July and December. To use individual functions (e.g., mark statistics as favourites, set RTVE. International Minimum Wage Rates 2021 - minimum-wage.org. GBP/USD. In 2022, the minimum wage in Spain is 7.82 per hour. Most companies in Spain make 14 payments in a year- 12 monthly payments plus an additional payment in July and in December. Instead, use it as an incentive to get to the same level as men as a woman. Statista. Forecast as of 26.08.2022, Murrey Math Lines 26.08.2022 (Brent, S&P 500), List of countries with highest gold reserves, TOP countries with the highest level of unemployment, How to find the best FX broker for trading in 2020. It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. Hire in 180+ countries in 24 hours, without a subsidiary. In total, there are 23 different minimum wages, which is down from 72 in 1992. Currently, the minimum wage for those workers 23 and older is the equivalent of roughly $409 per week. However, expenses can vary depending on where you live. With a 40-hour workweek, that comes out to about $2.70 per hour. Poland seems to be emerging from the economic crisis well, with an economy that continues to grow. 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 . Unemployment rate: other countries (2020-07) 0% 5% 10% 15% Spain France Japan. Content 2023 Minimum-Wage.org, all rights reserved. Are you interested in testing our business solutions? Spain was among the countries that were hardest hit by Europes recent economic crisis, and the nation has yet to recover. The maximum level was 2120 EUR/Month and minimum was 1990 EUR/Month. The minimum salary in Barcelona is currently of 1000 (salario minimo interprofessional) as of January 2022. The following list provides information relating to the minimum wages (gross) of countries in Europe.. In Ontario, students under 18 years of age who work 28 hours or less per week earn a minimum wage of $14.60 per hour. Domestic workers in households are employees. The country does not mandate how many hours are in a workweek, but it is generally 36, 38 or 40. Millions of Americans in nearly half the states in the country received rebates, tax refunds, one-time payments or other forms of stimulus cash last year. Ireland $12 7%. Data prior to 2022 was extracted from this source. 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. Employees who are 19 with at least six months experience get slightly more. Please do not hesitate to contact me. Slovenias economic growth has been stifled by widespread corruption, an inefficient judicial system and political instability. Click through to find out how the minimum wage changes as you travel around the world. United States. Poland guarantees its workers a minimum wage equivalent to about $539 per month, or roughly $3.37 per hour on a 40-hour workweek. 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. Many minimum-wage workers in Spain are in the service sector. For an employee on a 40-hour workweek, thats about $5.04 per hour. When it comes to salaries, many see Switzerland as a financial haven. This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from . Everything was taken care of in an efficient and accurate manner, with quick communication whenever required. 14,000/year. Spain's minimum wage was just three cents higher than the American minimum in 2020. In, OECD. Minimum wage in Spain: exceptions and variations, What to do if youre not being paid the minimum wage in Spain, What to do if your salary is too low in Spain, Ministry of Employment and Social Security, Learn about your worker rights with Spains labor laws, Looking for a new job? Clothing and shoe prices > Shoes > Pair of Nikes: 1 Pair of Nike Shoes. Considering the average cost of living in Spain, a good monthly net salary for a comfortable life in Spain is 2,700 for a single person or 4,000 for someone supporting their family. 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. Including vision & dental, necessary for Spain. Madrid has in fact some of the highest wages in Spain. Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. As a guideline, with 2 - 5 years of work experience, youll earn an average of 32% more than an entry-level employee. 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. Horizons has been very effective in providing our company support in all the administrative procedures, sometimes complex, required by the Singaporean administration. The Ministry of Employment and Social Security sets the minimum wage in Spain at daily, monthly, and annual levels. Either way, expats can earn higher average salaries than locals as theyre in demand for fulfilling hard to fill positions. Based on their levels in euro, those 21 Member States can be divided into three main groups. Another protection for workers within Spains labor laws is the right to strike. 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 . The current minimum salary in Madrid is on pair with the local cost of living. In 2012, twelve in every 100 workers in Spain scraped by every month on 641 euros or less; a percentage which had doubled since 2004, INE figures show. Country comparison, you can compare any two countries and see the data side by side. $5.01 . Most countries have a nation-wide minimum wage that all workers must be paid. 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. 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. ", RTVE, National minimum wage per month in Spain from 2008 to 2023 (in euros) Statista, https://www.statista.com/statistics/456403/spain-national-minimum-wage-monthly/ (last visited April 18, 2023), National minimum wage per month in Spain from 2008 to 2023 (in euros) [Graph], RTVE, January 1, 2023. Minimum Wage/Hr Percent of Population Living in Poverty. English teaching positions, especially during seasonal periods, are common among expats moving to Spain. Recently, though, Mexico enacted sweeping reforms across a broad spectrum of issues in an effort to increase wages and eradicate poverty. What America Can Learn From These Countries Retirement Programs. Spain's 2023 minimum wage decree was published in the country's gazette Feb. 15. With Horizons the result was fast, efficient, and fit-for-purpose. Portugals statutory minimum wage is around $636 per month. Their real minimum wage, however, is the lowest on the OECDs list. . In Latvia, the current statutory minimum wage is roughly the equivalent of $433 a month. Countries with the highest minimum wages above $1,000 USD per month: Andora. Spain's minimum wage rate is 764.40 per month in 12 payments,655.20 per month in 14 payments,applicable to all workers. If you are an admin, please authenticate by logging in again. Available: https://www.statista.com/statistics/456403/spain-national-minimum-wage-monthly/, National minimum wage per month in Spain from 2008 to 2023, Immediate access to statistics, forecasts & reports, Average wealth held in Spain 2021, by percentile, Households with all active members unemployed in Spain 2019-2022, Population at risk of poverty or exclusion in Spain 2021, based on age and gender, Population at risk of poverty or exclusion Spain 2021, by educational attainment, Population at risk of poverty or exclusion in Spain 2021, by employment status, Population at risk of poverty or social exclusion in Spain 2021, by nationality, Population at risk of poverty or social exclusion in Spain 2021, by region, Share of population with severe material deprivation in Spain 2007-2020, Number of reported evictions in Spain 2013-2021, by motive, Average number of homeless being sheltered in centers in Spain 2006-2020, Food insecurity prevalence by severity in Spain 2014-2021, Households suffering from poor protein intake by type of household in Spain 2021, Number of people receiving food from food banks in Spain 2007-2021, Share of households with hidden energy poverty in Spain 2014-2020, Population that cannot afford keeping an adequate temperature at home Spain 2005-2021, Pre-tax and post-tax income from bottom fifty percent earners in Spain 1990-2021, Beneficiaries of the Minimum Vital Income in Spain 2022, by region, Monthly national minimum wage in Spain 2008-2023, Spain: daily national minimum wage 2008 to 2023, Growth rate of the gross minimum wage in Romania 2016-2021, Central America: minimum agricultural monthly wages 2017, Hungarians' opinion on setting a uniform European minimum wage 2020, France: monthly gross minimum wage 2013-2022, Perception of a fair minimum wage by employers in the United States, in June 2015, Minimum monthly wages APAC 2022, by country, Latin America: minimum monthly wages in 2022, by country, Education requirement for minimum wage job titles in the U.S. hotel industry in 2014, American small-business owners' opinion on effects of a higher minimum wage 2013, Job titles in the U.S. hotel industry with minimum wage starting rates in 2014, Support for raising the U.S. minimum wage, by political party ID 2013, Benefits offered to hourly employees in the U.S. hotel industry in 2014, Salary increase in companies in China 2011, Mean monthly salary in the agricultural sector of Russia 2012-2018, Quarterly growth of wages in Germany in manufacturing sector 2010-2018, Minimum wage as percentage of median wage of full-time workers in the CEE region 2021, Number of employment contracts paid with the minimum wage in Romania 2021, by county, Annual change of the wage levels in the Netherlands 2019-2024, Consumption habits and purchasing behavior in Spain, Online shopping behavior in the United States, National minimum wage per month in Spain from 2008 to 2023 (in euros), Find your information in our database containing over 20,000 reports, European country that featured the highest salaries. 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