Spain Gross Minimum Monthly Wage

Minimum Wages in Spain rose to 825.65 EUR/Month in 2017 from 764.40 EUR/Month in 2016. Minimum Wages in Spain averaged 653.11 EUR/Month from 1999 until 2017, reaching an all time high of 825.65 EUR/Month in 2017 and a record low of 485.71 EUR/Month in 1999.

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source: tradingeconomics.com

Eurostat supplies national minimum wages at rates that are monthly, meaning that, when the minimum wage is paid for over 12 months each year, data is corrected to take these payments into consideration. For example, for Spain, where it’s paid for 14 months annually, the minimum wage is computed as follows: (€707.7 x 14) / 12 = €825.65. This page offers the latest reported value for – Spain Minimum Monthly Wage – plus preceding releases, historic high and low, short term outlook and long term prediction, economic calendar, survey consensus and news. Spain Gross Income Minimum Monthly Wage – real data, calendar and historic graph of releases – was last updated on February of 2017.