Spain Is Among the OECD Countries Where Real Wages Fall the Most Since 2021
15 Articles
15 Articles
Spain is among the OECD countries that have fallen the most in real wages between the beginning of 2021, before the economy suffered from the inflationary effects of the war in Ukraine, and in the first quarter of 2026. Nor is it expected to rebound in 2026 or 2027. In the annual employment outlook report, the Organization for Economic Cooperation and Development (OECD) stresses that this fall in Spain contrasts with the average increase of 4.9 …
Since 2021, the real salary of the Spaniards has fallen by 2%. Spain is the only European country, together with Finland, with the rate of double digit unemployment.
The annual report of the agency supports the stop to temporality by the labor reform, but warns that the chronic stagnation of productivity will freeze the recovery of real wages until 2027 The great regional fracture of which the
In the outlook for the year, unemployment at the historical minimum and employment record but 9 points below the OECD average. Real wages: -0.9% this year and almost stopped in 2027
According to the study, unemployment falls to the historical minimum of 5%, but the real wages are still 6.1% below the levels of 5 years ago. And the gap between women, young people and territories remains wide, with the Mezzogiorno far from the most dynamic provinces
The organization points out that weak productivity gains coupled with inflationary pressures will prevent purchasing power gains in the Spanish economy in the coming years
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