2023-06-12 14:47:19
Spain has the seventh highest interprofessional minimum wage (SMI) in the EU. This is shown by a study carried out by The Adecco Group Institute and which draws on data from the Eurostat community statistics office.
The minimum wage for 2023 has increased in Spain to 1,260 euros per month (1,080
euros in 14 payments), which represent an increase of 8% compared to 2022, when it was
of 1,167 euros (therefore, they represent 93 euros more with respect to 2022). The highest minimum wage is that of Luxembourg, which stands at 2,387 euros, while Bulgaria has the lowest, with 399 euros.
When comparing with the data for 2022, Latvia is the country that has increased its minimum wage the most (+24.0%), followed by Romania (+17.6%), Poland (+16.2%) and Lithuania (+ 15.1%). The increases have been widespread, with the sole exception of Greece, which maintains it at 832 euros, the same as last year.
If we compare the current minimum wages for different countries with those of 2017, we discover that they have increased for all countries, but not to the same extent. “Between the
countries whose SMI has increased the most in this period are Lithuania (+121.1%) and Romania
(+90.3%), while Malta (+13.5%) and France (+15.5%) are the ones that have increased the least
their SMI compared to the other countries. In the case of Spain, the variation in the period
2017-2023 is +52.6%, which translates into 434 euros more”, details Adecco.
On the other hand, the consultant affirms that The average salary in Spain is in line with the level of wealth of the national economy, standing at 78.5% as the country with the fourth highest relationship between average salary and Gross Domestic Product (GDP) per inhabitant compared to other countries of the European Union (EU), despite the fact that a year ago it had the third highest relationship. The Spanish figure is only surpassed by Germany (81.8%), followed by Italy (80.5%) and France (80%).
Spain, eighth country with the highest SMI over the average salary
According to Adecco, Spain is the eighth country in the European Union in which the interprofessional minimum wage (SMI) is higher in proportion to the average salary, since represented 49.4% of the average salary in 2022.
In addition, the SMI already exceeds 60% of the average salary in 13 autonomous communities and, only in Madrid, Catalonia, the Basque Country and Navarra are they below that level, which may be an indicator of the “high unemployment rates and low productivity” observed in the country.
Specifically, in the Community of Madrid and the Basque Country, the minimum salary of 1,080 euros is equivalent to 50.5% and 51.4% of their respective average salaries. In contrast, at the opposite extreme, for Extremadura and the Canary Islands, this relationship is 72.6% and 68.9%, respectively.
From Adecco they warn of the existence of “concern” in sectors and groups such as agriculture, domestic work, self-employed workers and young people looking for employment, as well as in labour-intensive sectors, where widespread wage increases can “make it more difficult to access and retain jobs.” Therefore, it urges that increases in the minimum wage are predictable and subject to dynamic evaluation and design that allow for periodic reviews.
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