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How much money does the average Spaniard make?
The average annual income in Spain is around €27,000, which is lower than many other EU countries. However, Spain also has a lower cost of living than most of its western European neighbors. A full-time worker may take 22 working days (30 calendar days) of paid holiday time annually.
What is the hourly wage in Spain?
In 2021, the minimum wage in Spain is € 7.43 per hour and € 31.66 per day. In 2021, the minimum wage in Spain is € 1,108.03 per month. Calculated over 12 months, you should earn € 13,300.
What is the average monthly wage in Spain?
Wages in Spain averaged 1751.26 EUR/Month from 2000 until 2021, reaching an all time high of 2075.43 EUR/Month in the fourth quarter of 2019 and a record low of 1264.36 EUR/Month in the first quarter of 2000.
What is the highest paid job in Spain?
What is the best-paid job in Spain?
- Surgeon, with an average salary of 64,500 euros yearly.
- Project manager engineer, 59,900 euros.
- Sales manager, with an average of 58,880 euros.
- And IT director, with 48,000 euros a year.
Does Spain pay good?
The average annual wage stood at approximately 267.5 thousand euros in 2020. Compared to other European countries, Spain ranked fairly low. The yearly salary in the Iberian country was similar to salaries in Italy and Slovenia, but remained far from the figures that were registered in France, Ireland and Germany.
Is Spain a rich country?
Spain is listed 25th in the United Nations Human Development Index and 32nd in GDP per capita by the World Bank. It is therefore classified as a high income economy, and among the countries of very high human development.
Is Spain a poor country?
Over one-quarter (26.6 percent) of the Spanish population is at risk of poverty or social exclusion as of 2017. These results do also show, however, that this number has fallen from a peak of 29.4 percent in 2014. Spain has the highest youth poverty rate (. 221) in Western Europe.
Is it expensive to live in Spain?
Spain, in general, is not an expensive country to live in. Having a lower average salary, combined with a n unemployment rate higher than in the rest of Europe, helps understand why the current price levels are relatively low . So, in that sense, as a foreigner, you will find that Spain is pretty affordable.
Is Spain richer than UK?
make 15.4% more money Spain has a GDP per capita of $38,400 as of 2017, while in United Kingdom, the GDP per capita is $44,300 as of 2017.
Is Spain richer than Italy?
For the first time, stats show Spain has a higher GDP (PPP) per capita, but Eurostat data says otherwise. For the first time, Spain has overtaken Italy in terms of GDP per capita based on purchasing power parity (PPP), according to figures released on Thursday by the International Monetary Fund (IMF).
Is Spain or Italy richer?
Can you live on 1000 euros a month in Spain?
That’s why I think, in order to comfortably live in Madrid and enjoy your time here, you need to be bringing in at least 1000€ each month. If you want to live a bit more than comfortable, then you should plan to make around 1200€ each month.