The average gross annual gross salary in Spain reached €26,948.87 per worker in 2022, marking an increase of 4.1% over the previous year. This figure offers an optimistic view of wage evolution in the country, but also highlights certain significant inequalities in income distribution. These data come from the advance of the Wage Structure Survey conducted by the National Statistics Institute (INE).
Breakdown of Salaries in Spain
- Average Annual Salary: The average gross annual salary in Spain in 2022 was €26,948.87. This 4.1% increase over the previous year reflects a positive trend in workers’ remuneration.
- Minimum Interprofessional Wage (SMI): Almost two out of ten Spaniards (17.1%) are on the SMI, while half of the population earns between the SMI and twice that amount.
- Income Distribution: Two out of three Spaniards earn less than 2,000 euros per month, showing a notable concentration of income in the low and middle ranges.
Salaries by Sectors of Activity
The analysis of salaries by economic sector shows significant differences:
- Sector with the Best Annual Salary: The electric power, gas, steam and air conditioning supply sector recorded the highest average annual salary in 2022, with 55,470.69 euros per worker. This figure is double the national average, standing out as the best paid sector.
- Lowest Wage Sector: The hotel and catering industry again recorded the lowest average annual wages, with 16,274.71 euros per worker. The wage gap between the hospitality and energy sectors exceeds 39,000 euros, underscoring the disparity in remuneration between different sectors.
Data Implications
These Wage Structure Survey data reveal several important implications:
- Wage Inequality: Although the increase in the average wage is a positive sign, the disparity between the highest and lowest paid sectors remains a concern. The significant difference between the energy and hospitality sectors indicates inequality that may affect social and economic cohesion.
- Income Concentration: The concentration of income in the lower and middle ranges suggests that a large number of workers still face challenges in attaining higher wages, which may limit their ability to save and spend.
- Effect of the SMI: The significant proportion of workers at the SMI underscores the importance of wage and employment policies that seek to improve the remuneration of workers at the lowest levels.
Conclusion
INE’s Wage Structure Survey 2022 provides a detailed and revealing picture of the wage landscape in Spain. While the increase in the average gross annual wage is indicative of progress, stark wage inequalities across sectors and the concentration of earnings in the lower ranges highlight key areas that require attention and action.
To address these inequalities and improve the economic well-being of all workers, it is crucial to implement policies that encourage equitable wage growth and improve working conditions across all sectors. Keep up with the latest economic news and analysis on our blog to better understand these changes and their implications for the Spanish economy and society.
