wages

In Spain 11th June 2026

Inflation (3.2%) outpaces average wage increase in agreements signed this year (3%)

The average wage increase agreed upon in collective bargaining agreements registered through May was 3%, according to data updated yesterday by the Ministry of Labor. This percentage was reached for the first time this year, having climbed slowly in recent months from the 2.87% recorded at the start of the fiscal year. Consequently, the average pay improvement has remained below the CPI (Consumer Price Index) for the third consecutive month….

Spanish economy 25th May 2026

Eurostat: real wages rise only 6% in Spain over last 30 years

These are findings from Eurostat. While in neighboring countries real wages have risen by 27% (France) and 26% (Portugal), in Spain they have only grown by 6% over the last 30 years. This explains why, while the Spanish government boasts that Spain is the fastest-growing country in the Eurozone—driven by half a million immigrants per year, public debt growing at 4.7% annually, and NextGen funds that are not reaching businesses—Spaniards…

European economy 27th April 2025

ECB says wages in Europe grew 4.8% in 2024, 3.1% expected in 2025

Intermoney | The ECB’s wage monitoring report continues to show that pressures on negotiated wages will ease over the course of the year. The ECB’s wage monitoring report continues to indicate that pressures on negotiated wages will diminish over the year. In particular, it pointed to a growth rate of negotiated wages, including exceptional payments spread over time, of 4.8% in 2024 (with an average coverage of 48.8% of employees…

In Spain 17th February 2025

Per capita income in Spain grows 1.4% since 2019, real wages lose purchasing power

This is clearly explained, in just a few paragraphs, by Jaime Terceiro, an illustrious Spanish economist and member of the Royal Academy of Moral and Political Sciences, who in a speech at the end of last year stated: ‘It is repeated over and over that our economy is growing almost four times faster than the European average with an employment level that reaches its maximum values. This is true, but…

Spanish economy 10th July 2024

OECD warns of loss of wage purchasing power in Spain: 2.5% since 2019

The context of slowing inflation and strong labour markets is allowing real wages to rise in most countries of the Organisation for Economic Co-operation and Development (OECD), which warns that Spain is among those members where wages “have fallen the most since the start of the pandemic”. “Despite positive trends in the labour market, Spain is among the OECD countries where real wages have fallen the most since the start…

Spanish economy 14th March 2022

Collective Bargaining Wages Rise By 2.2% Until February, When The CPI Rose To 7.6%

According to data from the Ministry of Labour, wages agreed in collective agreements rose by an average of 2.26% up to February, two tenths more than in January and almost eight tenths above the average for 2021 (1.47%). However, this is far off the CPI, whose final figure for the second month of the year was 7.6%, the highest rate in almost 36 years. Most of the agreements registered up…

Spanish economy 4th March 2022

The Purchasing Power Of The Average Spanish Wage Is 6.9% Lower Than In 2009, When It Hit Record High

it reached its historical maximum.

Spanish economy 12th February 2022

The Great Scam Of The SMI Increase

In 2021 the prorated minimum wage in Spain rose to 1,126 euros. This is 24% more than the European average, and much higher than Portugal, the Czech Republic or Lithuania, to name but a few of the countries that have surpassed us in terms of GDP per capita in recent years, explains Daniel Rodríguez in Expansión. The Spanish government – which has agreed with the trade unions to raise the…

Spanish economy 10th February 2022

The SMI, An Economic Policy Tool

Fernando González Urbaneja | Wages are set by the market, by hook or by crook. But behind this axiom there are exceptions or nuances. Wages are set by agreement, often asymmetrical, between the payer and the payee. Either through a verbal or individual contractual agreement or through a collective bargaining agreement of any range. In this dynamic, the State intervenes, of course, with mandatory rules. The most typical intervention is…

Spanish economy 9th March 2020

The Labour Market In Spain Continues To Boom In February; No Signs Of Coronavirus Effect

Bankia Studies | The Spanish economy has created more jobs than expected, allowing the unemployment rate to stabilise at record lows. The indicators suggest that the Covid-19 crisis had not yet infected the dynamism of the labour market. That said, the possible impact could be reflected in the coming months.

1 2 3 »