September 20, 2020

The average Spanish salary grows to 1,700 euros, but is still 22% lower than the EU average


Madrid

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The salary in Spain until the second quarter of this year grew 1.5% compared to last year’s data, based on Adecco Monitor data. Specifically, the measure of emoluments amounts to 1,700 gross euros, a historical maximum. However, despite the rise, it is slowing down, as it grew by 2.2% last year. Thus, it is the most moderate increase in the last five quarters.

By region, there are a total of nine that also achieve an all-time high. They are Andalusia, Asturias, Castilla y León, the Valencian Community, Galicia, the Community of Madrid, Navarra, the Basque Country and La Rioja. The community where more is charged is in Madrid (2,017 euros), which is consolidated in the first position. It is followed by the Basque Country, with 1,994 euros, and Navarra, with 1,886. In the lower part are Extremadura (1,384 euros), Murcia (1,455) and the Canary Islands (1,460).

One fact to highlight is that there are only five regions where more is charged than the national average. These are the referred Madrid, Navarra, the Basque Country, and Catalonia and Asturias.

Another negative fact is that the Spanish average continues very far from the European one. Although a historical maximum has been registered, the average Spanish salary is 22% below average from EU countries. From Adecco they specify that as not all the data of the rest of European partners are updated, the comparison is made with the average salaries of 2019. Thus, the average gross ordinary salary in the 28 countries of the European Union was 2,172 euros per month. For this reason, the average Spanish remuneration (1,694 euros / month in 2019) is 22% lower. In absolute terms, the difference is 478 euros per month and 5,736 euros per year.

In the EU, the country with the highest salary is Luxembourg, where it is charged 3,250 euros on average. They are followed by Denmark (3,175 euros) and Germany (2,868). On the contrary, where it is charged the least is in Bulgaria (481 euros), Romania (681) and Latvia (694).

311 euros more purchasing power

Returning to the data for our country, the purchasing power of Spaniards also experienced an increase in the last year. Specifically, it rises by 1.5% compared to the 0.5% it had a year before. In euros, the average wage earner now counts with 311 euros more purchasing power than two years ago. Furthermore, for the first time since September 2010, in all the autonomous regions the purchasing power of average remuneration has simultaneously improved.

The general case, which includes 10 regions, is that of those that a year ago showed a deterioration in the purchasing power of the average salary and now show an increase in it. Within this group of autonomies, the highest increases have occurred in the Valencian Community (+ 2.8%), Aragon (+ 2.2%) and the Community of Madrid (+ 1.7%).

In the remaining seven autonomies, the average salary was already gaining purchasing power a year ago and now it continues to increase it. Of this group, the most significant increases correspond to Galicia (+ 4.1%), Navarra and Extremadura (+ 1.9% in both cases). The Region of Murcia is the only community where the revaluation of the average salary is less than 0.5%.

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