PROPERTY SEARCH

Date Published: 11/08/2022

ARCHIVED - Workers in Spain earn 20 per cent less than the EU average

ARCHIVED ARTICLE

The average salary in Spain stood at 1,751 euros a month at the end of 2021

<span style='color:#780948'>ARCHIVED</span> - Workers in Spain earn 20 per cent less than the EU average

New European labour data has revealed that workers in Spain earn a shocking 20% less than the EU average; 41.7% less than German employees but 58% more than their Portuguese neighbours.

The average salary in Spain at the end of 2021 was 1,751 euros per month, a historic figure, according to the latest report published on Tuesday August 9 by employment and labour agency Adecco. Nevertheless it's still 20.2% lower than the average remuneration in the European Union as a whole, which amounts to 2,194 euros per month.

Basically, more than 20 million Spanish workers earn 443 euros less on average each month, which equates to 5,316 euros per year.

Wage differences remain a main factor in the external competitiveness of national companies, and Spain is actually in an intermediate position in the wage ranking of the 27 EU countries.

There are in fact 15 European countries whose average salaries are lower than Spain's. Wages here rose by 2.6% in 2018 and 2.7% in 2019, but have slid by 0.5% since then.

Adecco's Salary Monitor: Spanish remuneration in the European context', breaks the 27 EU countries into three groups according to the monthly wage.

There are 11 countries in the first group with an average salary of less than 1,100 euros per month.

Amongst them are all the Eastern European EU partners: Bulgaria (562 euros), Romania (718 euros), Hungary (798 euros), Poland (833 euros), Croatia (863 euros), Latvia (892 euros), Slovakia (977 euros), Lithuania (1,007 euros), Greece (1,034 euros), Estonia (1,053 euros) and the Czech Republic (1,078 euros). Despite being included in the same group, there are notable differences between the countries; the average wage in the Czech Republic is almost double that of Bulgaria.

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There are seven countries with an average wage of more than 1,100 euros, but less than 2,500, which make up the group with intermediate salaries.

In addition to Spain, with 1,751 euros, this group includes: Portugal (1,106 euros), Cyprus (1,309 euros), Malta (1,329 euros), Slovenia (1,417 euros), Italy (2,074 euros) and France (2,446 euros). Again, there are wide differences: the average wage in France is twice as high as in Portugal.

Finally, a group of nine countries enjoy average pay packets of more than 2,500 euros per month. These are: Finland (2,603 euros), Sweden (2,623 euros), Austria (2,788 euros), Belgium (2,830 euros), the Netherlands (2,883 euros), Ireland (2,920 euros), Germany (3,003 euros), Denmark (3,458 euros) and Luxembourg (3,502 euros). This group is more homogeneous than the previous two, as the maximum difference is less than 35%.

According to Adecco, the above data clearly demonstrates that within the EU there are countries where the average wage is more than six times higher than the average salaries of others.

The extreme case arises when comparing the average remuneration in Luxembourg (3,502 euros/month) and Bulgaria (562 euros/month), which are separated by a gap of 2,940 euros per month. In a single month, an average Luxembourg worker earns the same as a Bulgarian colleague in more than six months.

However, the disparity between the different European salaries has been narrowing every year since at least 2010, when the highest salary (which at that time was 2,900 euros, also in Luxembourg) was 11 times higher than the lowest (265 euros in Bulgaria).

In Spain's case, its current situation on the wage table is clearly advantageous compared to Eastern European countries, but unfavourable compared to the most advanced EU countries.

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