Thus Spain remains compared to Europe after the new increase in the minimum wage: it is located in the high area of ​​the ranking

This Tuesday the Council of Ministers approves the update of the Minimum interprofessional salary. The Second Vice President and Minister of Labor, Yolanda Díaz, signed on Monday the agreement with the unions, although not with the employer who has unchecked.

Finally, the SMI will rise 4.41% going from 1134 euros per month at 1184 in 14 payments. Specifically, 50 euros more. In total, the increase will involve 16,576 euros gross per year.

Díaz has defended that it is a “key to reduce inequality and labor poverty.” The minimum wage has been increasing in recent years to exceed 950 euros per month of 2020 to 1184 euros once it is approved in the Council of Ministers and moved to the BOE.

Minimum wages in the European Union

In the European Union, as Eurostat points out, 22 of the 27 countries that compose it have a minimum wage. The European Statistical Office indicates, in its data extracted in January 2025, which Minimum wages are between 551 euros and 2,638 euros per month.

As Eurostat specifies, countries without minimal remuneration are Denmark, Italy, Austria, Finland and Sweden. The data reflect the minimum wages in force in each country on January 1, 2025 to 12 payments. That is why The rise in Spain is not reflectedthat although it occupies its position in the positions above, by stripes, it is located on average.

The position of Spain in the ranking

Also, the data of Spain is calculated by Eurostat to 12 payments, while at 14 are 1134 euros. With the rise, the minimum wage in Spain will be 1184 euros per month to 14 payments and from 1381 to 12 payments. Spain occupies the seventh position the SMI ranking in Spain. It will continue to occupy this position once the amount is updated.

It should be noted that the increase in the minimum wage in our country occurs in the context that Represent 60% of the average salary, according to the European Social Charter. That is why the increase has remained at 4.41%, the maximum value proposed by the experts of the Ministry of Labor, and above the 3.4% that entrepreneurs raised. In the graph below you can see the minimum wage of each of the 22 countries that have it.

Eurostat highlights all these data informing by referenceing them to the United States, where the federal minimum wage is 1,210 euros per month.

On the other hand, the European Statistical Office also publishes the applicable minimum wages of January 1, 2025 in purchasing power standards with the 2023 reference.

Eurostat points out that by adjusting these parameters the differences are reduced. Germany is headed with 1991.72 euros per month, followed by Luxembourg, the Netherlands, Belgium, Ireland, France and Poland. In this situation, our country is placed eighth with an equivalence of 1452.99 euros per month.