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. Spain's yearly minimum wage is $11,426.00 in International Currency. The national minimum wage per month in Spain increased steadily over the last years. This report, as part of an annual series on minimum wages, summarises the key developments during 2019 and early 2020 around the EU initiative on fair wages and puts the national debates on setting the rates for 2020 and beyond in this context. No worker in Spain should be paid less then this minimum pay rate.Employers in Spain who do not pay the Minimum Wage may be subject to punishment by the government of Spain. 2019 minimum wage (14 payments): €900.00 per month; 2018 minimum wage (14 payments): €736.00 per month; 2017 minimum wage (14 payments): €707.60 per month; More than 5.5 million people in Spain earn the Spanish minimum wage. Monthly minimum wages - bi-annual data. As of 2019 the average salary in Madrid is of around 1600 euros per month. State Minimum Wages | Spain has a government-mandated minimum wage. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Spanien - Mindestlöhne. However, the states have the power to increase the federal minimum wage as 29 of them did. While we take all precautions to ensure that the data on this site is correct and up-to-date, we cannot be held liable for the accuracy of the labor law data we present. Financial scarcity uncovered by the COVID-19 pandemic has prompted Spanish congress to approve the vital minimum wage on 10 June. Spain approved what it calls a living minimum wage for low-income households in a bid to help its working poor, a problem aggravated by the coronavirus crisis. As of 2021 Catalonia still has the same minimum salary as the rest of Spain. However, Spain will … Spain's government will approve a 22 percent increase in the minimum wage to 900 euros (813.35 pounds) per month on Dec. 21, Prime Minister Pedro Sanchez said on Wednesday. Spain's minimum wage rate is €764.40 per month in 12 payments,€655.20 per month in 14 payments,applicable to all workers. It will benefit over 2.5 million people, and most of them are women.” The announcement came as a perfect surprise: the newly-elected socialist government under PM Pedro Sánchez raised Spain’s minimum wage by 22 percent to 1050 Euros, making it one of the highest across the EU. Overview Minimum Wages in China; Minimum Wages around the World (English) Minimum Wages News; Minimum Wage and Labour Law; About the Minimum Wages Database (English) This page is maintained by Wageindicator.cn and Wageindicator.org, 2020 It discusses developments in statutory minimum wages Spain's minimum wage rate is €764.40 per month in 12 payments,€655.20 per month in 14 payments,applicable to all workers. The minimum wage in Spain is known as the SMI (Salario Mínimo Interprofesional) Spanish minimum wages are expressed as daily, monthly and annual calculations. 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. The minimum wage in Spain is known as the SMI (Salario Mínimo Interprofesional) Spanish minimum wages are expressed as daily, monthly and annual calculations. Accordingly the national minimum wage has remained stable, while the CPI of 2020 which was 0.8%, so … These show that in 2016 only 7 per cent of employees earned wages falling between the statutory minimum wages of 2018 and 2019. Evolution of Minimum Wage in Spain (courtesy of PORCENTUAL) The minimum wage in Spain has once again become the focus of fierce debate within the coalition PSOE / Unidas Podemos government, with calls on one side to raise it again in 2021 being met … WageIndicator.org is connected to the WageIndicator Network. Most countries have a nation-wide minimum wage that all workers must be paid. In those cases where workers are not paid 14 minimum wages per year, the monthly wage is 1050 euros. Wages in Spain increased 1.43 percent in October of 2020 over the same month in the previous year. Are Minimum Wages often updated and up to date? In Madrid, one of the better paid cities in Spain, minimum salaries range from 20,000 to 37,000 euros a … Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. 11 December 2018, 7:09 pm "A rich country can't have poor workers," said Spanish Prime Minister Sanchez, who is widely expected to call an early general election next year. The minimum wage rises 20% for individuals classed as skilled workers (must be 18 or older) and decreases by 20-25% for individuals classed as adolescent workers (17-18 years old). The increase will move Spain’s legal minimum pay further ahead of neighbour Portugal’s which is around €795 when adjusted for the cost of living. Spain's new Socialist government under Pedro Sanchez on Wednesday brokered an accord with unions and bosses lifting the minimum wage 5.5 percent or … More. In 2017 they are as follows: Daily minimum wage: EUR 23.59; Monthly minimum wage: EUR … Royal Decree 1462/2018, of December 21, which sets the minimum interprofessional salary for 2019. Monthly minimum wages - bi-annual data. , Minimum wage with effect from January 1, 2019, Minimum wage with effect from January 2, 2019, Minimum wage with effect till December 31, 2019, Minimum wage with effect from January 1, 2020, Minimum wage with effect from 1/3/19 till 12/31/19, Minimum wage with effect from 1/2/19 till 12/31/19, Living Wages Data - Availability October 2020 - Countries and Regions, United Arab Emirates - Living Wage Series - September 2020, Living and Working in Times of the Coronavirus, Frequently Asked Questions - Corona Work Life project - WageIndicator. Content © 2020 Minimum-Wage.org, all rights reserved. Denmark, Italy, Cyprus, Austria, Finland and Sweden remain without the minimum wage. Minimum wages . However, the … In 2020, out of the 27 EU Member States, not all of them have a minimum wage. Spain's Minimum Wage is the lowest amount a worker can be legally paid for his work. More . View table Download table Show table location in data tree Metadata Additional information. Spain's minimum wage was last changed in 1-Jan-2016. Minimum wages expressed in purchasing power standards The disparities in minimum wages across Member States are significantly smaller once price level differences are eliminated, by applying . The minimum salary in Barcelona is currently of € 950 (salario minimo interprofessional) as of January 2021. While the minimum wage is showing a constant year to year growth in Madrid, average salaries remain the same for the past years. The SMI or minimum interprofessional salary is € 950 per month if paid in 14 payments, with an € 58,30 increase with respect to the previous year. Spain is a country located in the Southern Europe region with a population of 39,441,700 and an average life span of 78.8 years. Spain's minimum wage was last changed in 1-Jan-2016. [State Official Newsletter]{httpswwwboeesbuscarpdf2018boe_a_2018_17773_consolidadopdf}, Living and Working during the Coronavirus Pandemic - Link me to the Covid 19 Survey and Daily Updates, Cite this page: © WageIndicator 2020 - WageIndicator.org -, Since June 2020, the national minimum wage in Spain remained fixed at 1,108.3 € per month, that is 13,300 euros per year, taking into account 12 payments per year. The yearly minimum wage of 12600 euros is arrived at by multiplying monthly wage by 14. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1604915830963-0'); }); How much is the minimum wage in Spain? The following list provides information relating to the minimum wages (gross) of countries in Europe.. This increase in the SMI reduces to some extent the gender-based wage differences within the low-income brackets. Living Wage Series - Spain - September 2019 - In Euro, per Month The Living Wage is based on the concept that work should provide an adequate income to cover the necessary living costs of a family. 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), San Marino (37.5 hours), Belgium (38 hours), United Kingdom (38.1 hours), Ireland (39 hours), Monaco (39 hours), and Germany (39.1 hours). The minimum wage in Poland compared to other European Union countries 2020. Government officials have said the minimum amount an adult will receive will be about half the minimum wage, which is 1,108 euros per month. Powered by the WageIndicator Foundation - Share and compare wages, understand Labour Laws and spot career opportunities. Spain's Minimum Wage is the lowest amount a worker can be legally paid for his work. Monthly minimum wages - bi-annual data - Products Datasets. Spain has a government-mandated minimum wage, and no worker in Spain can be paid less then this mandatory minimum rate of pay. Although it is true that, in absolute terms, it ranks 9th among the 22 EU countries that have a minimum wage, 2 this ranking alters substantially once we consider the minimum wage as a ratio of the average wage, an indicator known as the Kaitz index (see the second graph ). 26 June 2018 1.4 million minimum wage jobs in April 2017. The minimum wage in the United States is $7.25 per hour, the 12th highest in the world. “This is the most significant raise of minimum wages since 1977. The impact of the new minimum wage on the wages of the different types of Spanish workers can only be estimated for now using prospective analysis, as done here using the latest available pan-European wage microdata (the 2017 wave of the EU-SILC survey). Contact. View table Download table Show table location in data tree Metadata Additional information. Living Wage Family in Spain averaged 1107.50 EUR/Month from 2015 until 2018, reaching an all time high of 1150 EUR/Month in 2018 and a record low of 1060 EUR/Month in 2016. The yearly minimum wage of 12600 euros is arrived at by multiplying monthly wage by 14. Living Wage Family in Spain increased to 1150 EUR/Month in 2018 from 1120 EUR/Month in 2017. 2020, Vacancies, internships, and volunteer opportunities, Pandemic - WageIndicator Team & Flame Interns, Web Traffic National WageIndicator Websites - 2012 - 2019, Data from Salary Check and Salary Survey over the years, About the Minimum Wages Database (English), Minimum Wages in Spain with effect from 01-01-2019 to 31-12-2019, Minimum Wages in Spain with effect from 01-01-2018 to 31-12-2018, Minimum Wages in Spain with effect from 01-01-2017 to 31-12-2017, Minimum Wages in Spain with effect from 01-01-2016 to 31-12-2016, Minimum Wages in Spain with effect from 01-01-2015 to 31-12-2015, Minimum Wages in Spain with effect from 01-01-2014 to 31-12-2014. As you can see, it varies widely depending on your occupation and level of expertise. Despite ongoing talks in Catalonia to create a minimum wage in the region, Catalonia still doesn’t have one. The annual national minimum wage per day in Spain stood at 31.6 euros in 2020. "A rich country cannot have poor workers," the PM said, announcing the biggest hike for decades. 2020 - 2021, Interns WageIndicator - FLAME University, India. Federal Minimum Wage | Most countries have a nation-wide minimum wage that all workers must be paid. The national minimum wage per month in Spain increased steadily over the last years. Spain's minimum wage will jump by 22% in 2019 - the largest annual increase in more than 40 years. More. The employer is responsible for collecting all contributions; as a result, they deduct the amount for the Spanish income tax (IRPF) and social security contributions due under the law. Between 2015, when the Socialists took power, and 2019, the minimum wage increased by 14% from 505 to 600 euros, far below neighbouring Spain, where it was 1050 euros. Spain has a government-mandated minimum wage. Help us keep Minimum-Wage.org up-to-date! No worker in Spain … “A rich country can’t … The minimum wage in Portugal is considerably lower than in some EU countries, where the national minimum salary is above €1,000. In those cases where workers are not paid 14 minimum wages per year, the monthly wage is 1050 euros. 11 December 2018 Minimum wage 2018: Germany among top-ranking EU-countries. For example, a new minimum wage of $20 will have a more significant effect than $10. The minimum wage per day increased very subtly between 2008 and 2016, growing only a … The report features how minimum wages were set and the role of social partners. Minimum wage in Spain Minimum wage or “salario mínimo” in Spain is laid out in a law called a Royal Decree each year according to the length or type of work contract. The annual national minimum wage per day in Spain stood at 31.6 euros in 2020. The reforms will make the biggest difference for women, who perform the bulk of part-time and temporary work. Check our database! Michael Ballweg will vorerst keine großen Kundgebungen mehr gegen die Corona-Maßnahmen anmelden und stattdessen Kräfte für das Frühjahr sammeln. Spain’s top government officials are split over whether to increase the minimum wage for 2021, Labor Ministry Yolanda Diaz said. ← Back to International Minimum Wages Home. This is a significant step for a country with historically insufficient redistribution, and it was passed with no dissenting vote. Minimum Salary in Barcelona. However, the states have the power to increase the federal minimum wage as 29 of them did. 27 February 2020 Number of minimum wage jobs continuously down between 2015 and 2018. Their national minimum wages ranged from €1 108 in Spain to €2142 in Luxembourg. Spain’s government is set to agree a 22 per cent increase in the national minimum wage next week as part of a bid to ease tensions between Madrid and Barcelona. 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There are 14 countries with a higher Minimum Wage then Spain, and Spain is in the top 7 percent of all countries based on the yearly minimum wage rate. … MADRID, Spain — The government approved a raise in minimum wages in Spain that will range from $513 to $1,130 per month to support its working, low-income households amid the economic crisis brought upon by COVID-19. 29 June 2020 Just under two million jobs benefit from minimum wage increase in 2019. WageIndicator uses prices from the Cost of Living Survey to calculate Living Wage in … Minimum wages in Spain stood at EUR 1,050 per month in 2020. Wage Growth in Spain averaged 1.66 percent from 1978 until 2020, reaching an all time high of 9.03 percent in April of 1988 and a record low of -7.18 percent in November of 2012. 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. View Sitemap. Is any of our data outdated or broken? “This is the most significant raise of minimum wages since 1977. Spain to raise minimum wage by 22% in 2019: PM. MADRID, Spain — The government approved a raise in minimum wages in Spain that will range from $513 to $1,130 per month to support its working, low-income households amid the economic crisis brought upon by COVID-19. Making a decent living in Spain might differ from your home country. The Labor Ministry, controlled by the coalition’s junior partner, Unidas Podemos, is currently leading talks with business groups and unions with … Further Press Releases. If you want to enjoy luxury, you will need to earn high above the average income. but that doesn’t mean it is enough to live on in certain areas. Valencia: Average Salary, Minimum Wage & Mortgages. Minimum wages in Spain stood at EUR 1,050 per month in 2020. Tensions are mounting amongst Spain’s coalition government team over plans to increase the minimum wage in the New Year.The Labour Ministry’s Yolanda Diaz revealed a split in the ranks as her department looks to increase minimum salaries from the current €950 a … "Empirical evidence on the consequences of SMI (salario mínimo interprofesional) rises are varied, but it is usually regarded as having a negative effect on peripheral … This site is a free public service not affiliated with the Department of Labor or any governmental organization. Previous minimum wage increases in Spain were of 8 percent in 2017 and 4 percent in 2018, but Hernandez de Cos claims that employer's obligation to pay considerably more will make them fire their least productive workers. In Madrid salaries usually range from 1000 and 3500 euros a month. However, the states have the power to increase the federal minimum wage as 29 of them did. Dataset Details. This is a list of the official minimum wage rates of the 193 United Nations member states … The national minimum wage in Spain unchanged this year Since June 2020, the national minimum wage in Spain remained fixed at 1,108.3 € per month, that is 13,300 euros per year, taking into account 12 payments per year. There is no reference to number of hours per day in the decree, although 8 hours per day is the most used working time when there isn't a collective agreement that regulates it. Spain’s Prime Minister Pedro Sanchez said Wednesday his cabinet would approve next week a 22 percent increase in the monthly minimum wage to 1,050 euros ($1,192) in 2019. Monthly minimum wages - bi-annual data - Products Datasets. Spain's minimum wage rate is €764.40 per month in 12 payments,€655.20 per month in 14 payments,applicable to all workers. Most countries have a nation-wide minimum wage that all workers must be paid. Spain’s minimum wage is also in the lower band at an international level.