Real minimum wages at constant prices — Statutory minimum wages in Spain
Spain: Real minimum wages at constant prices — Statutory minimum wages was 18,731 US dollars, exchange rate converted in 2025. ▲ Rising
Latest (2025)
18,731 US dollars, exchange rate converted
Change on year
up 1.7%
World rank
11th
of 26 countries
All-time high
18,731 US dollars, exchange rate converted
in 2025
All-time low
5,760 US dollars, exchange rate converted
in 1965
Years of data
63
1963–2025
Real minimum wages at constant prices — Statutory minimum wages in Spain, 1963–2025
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2025, real minimum wages at constant prices — statutory minimum wages in Spain stood at 18,731 US dollars, exchange rate converted. That is the highest value across all 63 years on record.
The figure is up 1.7% on the previous year and up 44.0% over ten years.
Over the whole period, real minimum wages at constant prices — statutory minimum wages in Spain peaked at 18,731 US dollars, exchange rate converted in 2025 and was at its lowest, 5,760 US dollars, exchange rate converted, in 1965.
That places Spain 11th out of 26 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 63 years of available data.
Real minimum wages at constant prices — Statutory minimum wages in Spain, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 1963 | 6,977 US dollars, exchange rate converted | — |
| 1964 | 6,521 US dollars, exchange rate converted | -6.5% |
| 1965 | 5,760 US dollars, exchange rate converted | -11.7% |
| 1966 | 5,964 US dollars, exchange rate converted | +3.5% |
| 1967 | 7,388 US dollars, exchange rate converted | +23.9% |
| 1968 | 7,768 US dollars, exchange rate converted | +5.1% |
| 1969 | 8,078 US dollars, exchange rate converted | +4.0% |
| 1970 | 8,652 US dollars, exchange rate converted | +7.1% |
| 1971 | 9,136 US dollars, exchange rate converted | +5.6% |
| 1972 | 9,652 US dollars, exchange rate converted | +5.7% |
| 1973 | 10,241 US dollars, exchange rate converted | +6.1% |
| 1974 | 10,675 US dollars, exchange rate converted | +4.2% |
| 1975 | 11,290 US dollars, exchange rate converted | +5.8% |
| 1976 | 12,167 US dollars, exchange rate converted | +7.8% |
| 1977 | 12,737 US dollars, exchange rate converted | +4.7% |
| 1978 | 13,269 US dollars, exchange rate converted | +4.2% |
| 1979 | 13,419 US dollars, exchange rate converted | +1.1% |
| 1980 | 13,195 US dollars, exchange rate converted | -1.7% |
| 1981 | 13,106 US dollars, exchange rate converted | -0.7% |
| 1982 | 13,080 US dollars, exchange rate converted | -0.2% |
| 1983 | 13,185 US dollars, exchange rate converted | +0.8% |
| 1984 | 12,799 US dollars, exchange rate converted | -2.9% |
| 1985 | 12,585 US dollars, exchange rate converted | -1.7% |
| 1986 | 12,492 US dollars, exchange rate converted | -0.7% |
| 1987 | 12,464 US dollars, exchange rate converted | -0.2% |
| 1988 | 12,422 US dollars, exchange rate converted | -0.3% |
| 1989 | 12,329 US dollars, exchange rate converted | -0.7% |
| 1990 | 12,376 US dollars, exchange rate converted | +0.4% |
| 1991 | 12,440 US dollars, exchange rate converted | +0.5% |
| 1992 | 12,412 US dollars, exchange rate converted | -0.2% |
| 1993 | 12,345 US dollars, exchange rate converted | -0.5% |
| 1994 | 12,199 US dollars, exchange rate converted | -1.2% |
| 1995 | 12,064 US dollars, exchange rate converted | -1.1% |
| 1996 | 12,062 US dollars, exchange rate converted | -0.0% |
| 1997 | 12,141 US dollars, exchange rate converted | +0.6% |
| 1998 | 12,174 US dollars, exchange rate converted | +0.3% |
| 1999 | 12,115 US dollars, exchange rate converted | -0.5% |
| 2000 | 11,951 US dollars, exchange rate converted | -1.4% |
| 2001 | 11,772 US dollars, exchange rate converted | -1.5% |
| 2002 | 11,652 US dollars, exchange rate converted | -1.0% |
| 2003 | 11,539 US dollars, exchange rate converted | -1.0% |
| 2004 | 11,429 US dollars, exchange rate converted | -0.9% |
| 2005 | 12,051 US dollars, exchange rate converted | +5.4% |
| 2006 | 12,546 US dollars, exchange rate converted | +4.1% |
| 2007 | 12,876 US dollars, exchange rate converted | +2.6% |
| 2008 | 13,009 US dollars, exchange rate converted | +1.0% |
| 2009 | 13,569 US dollars, exchange rate converted | +4.3% |
| 2010 | 13,527 US dollars, exchange rate converted | -0.3% |
| 2011 | 13,276 US dollars, exchange rate converted | -1.9% |
| 2012 | 12,959 US dollars, exchange rate converted | -2.4% |
| 2013 | 12,857 US dollars, exchange rate converted | -0.8% |
| 2014 | 12,876 US dollars, exchange rate converted | +0.2% |
| 2015 | 13,007 US dollars, exchange rate converted | +1.0% |
| 2016 | 13,164 US dollars, exchange rate converted | +1.2% |
| 2017 | 13,948 US dollars, exchange rate converted | +6.0% |
| 2018 | 14,265 US dollars, exchange rate converted | +2.3% |
| 2019 | 17,325 US dollars, exchange rate converted | +21.4% |
| 2020 | 18,347 US dollars, exchange rate converted | +5.9% |
| 2021 | 17,796 US dollars, exchange rate converted | -3.0% |
| 2022 | 17,283 US dollars, exchange rate converted | -2.9% |
| 2023 | 18,029 US dollars, exchange rate converted | +4.3% |
| 2024 | 18,419 US dollars, exchange rate converted | +2.2% |
| 2025 | 18,731 US dollars, exchange rate converted | +1.7% |
Spain compared with similar countries
- Spain's 18,731 US dollars, exchange rate converted is above the median for high income countries, which is 16,905 US dollars, exchange rate converted, 1.1× the median. (22 countries reporting)
- Spain's 18,731 US dollars, exchange rate converted is above the median for Europe & Central Asia, which is 18,731 US dollars, exchange rate converted, 1.0× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6,922 US dollars, exchange rate converted | 5,760 US dollars, exchange rate converted | 8,078 US dollars, exchange rate converted | 7 |
| 1970s | 11,124 US dollars, exchange rate converted | 8,652 US dollars, exchange rate converted | 13,419 US dollars, exchange rate converted | 10 |
| 1980s | 12,766 US dollars, exchange rate converted | 12,329 US dollars, exchange rate converted | 13,195 US dollars, exchange rate converted | 10 |
| 1990s | 12,233 US dollars, exchange rate converted | 12,062 US dollars, exchange rate converted | 12,440 US dollars, exchange rate converted | 10 |
| 2000s | 12,239 US dollars, exchange rate converted | 11,429 US dollars, exchange rate converted | 13,569 US dollars, exchange rate converted | 10 |
| 2010s | 13,721 US dollars, exchange rate converted | 12,857 US dollars, exchange rate converted | 17,325 US dollars, exchange rate converted | 10 |
| 2020s | 18,101 US dollars, exchange rate converted | 17,283 US dollars, exchange rate converted | 18,731 US dollars, exchange rate converted | 6 |
Countries ranked near Spain
- 8 Canada 24,652 US dollars, exchange rate converted compare
- 9 France 24,432 US dollars, exchange rate converted compare
- 10 Israel 21,400 US dollars, exchange rate converted compare
- 12 United States 15,080 US dollars, exchange rate converted compare
- 13 Japan 14,892 US dollars, exchange rate converted compare
- 14 Portugal 13,763 US dollars, exchange rate converted compare
More economy & growth data for Spain
- Real gdp growth, annual growth rate -19.94 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -9.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 298.15 units per person (2025)
- SDRs holdings, SDR, annual growth rate -13.48 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 217.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.3 % change on previous year (2025)
Frequently asked questions
- What is real minimum wages at constant prices — statutory minimum wages in Spain?
- Real minimum wages at constant prices — statutory minimum wages in Spain was 18,731 US dollars, exchange rate converted in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest real minimum wages at constant prices — statutory minimum wages recorded in Spain?
- The highest recorded value was 18,731 US dollars, exchange rate converted in 2025.
- What is the lowest real minimum wages at constant prices — statutory minimum wages recorded in Spain?
- The lowest recorded value was 5,760 US dollars, exchange rate converted in 1965.
- How does Spain rank for real minimum wages at constant prices — statutory minimum wages?
- Spain ranks 11th out of 26 countries with data for 2025.
- Is real minimum wages at constant prices — statutory minimum wages rising or falling in Spain?
- Over the last ten years it is up 44.0%. The long-run trend across the full record is rising.
- Where does this Spain data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real minimum wages at constant prices — Statutory minimum wages. Statizoid updates them automatically from the source API.
Download this data
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About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.