Wages in Spain increased 3.70 percent in March of 2024 over the same month in the previous year. Wage Growth in Spain averaged 1.59 percent from 1978 until 2024, reaching an all time high of 14.43 percent in the second quarter of 2021 and a record low of -9.44 percent in the second quarter of 2020. source: Ministry of the Economy and Finance
Wage Growth in Spain is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Wage Growth is projected to trend around 1.90 percent in 2025 and 1.70 percent in 2026, according to our econometric models.