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Monday 18 January 2010

Average Spanish wages is only 50% of that in the UK

According to a report by Adecco and IESE Business School on the evolution of wages in 14 European countries between 2003 and 2008, the average salary in Spain is approximately 21,500 euro gross per year, which is almost half of the average of 40,000 euros in the UK, Holland and Germany, and 20% below the EU average.

In particular, average earnings in the old EU reached 27,036 million in 2008. United Kingdom led the ranking of wages, with 46,058 euros for the full-time employees, followed by the Netherlands (42,720 euros) and Germany (40,914 euros).

At the other extreme, Hungary, Slovakia, Romania and Bulgaria, the last four members who joined the EU of twenty-seven, do not exceed € 10,000 per year salary.

By sector, private services have higher average earnings, with 27,774 euros, 2.7% more than average and 15.6% more than the 24,025 euros for the construction, the sector with lower wages.


When looking at the wage gap between men and women, in the 14 countries surveyed the average man's wage, at 29,341 euros is 28% higher than a woman's, which maintains the gender pay gap since 2003.

Spain is the fourth EU country with the highest wage gap, with the men receiving 34.4% more than women (24,020 and 17,866 euros respectively), but reduced the gap with respect to 2003 when it occupied the second position with 38%.

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