The Treasury reveals that Spaniards only earn €21,347 or less in salary per year
The average annual salary stood at 21,519 euros in 2021, which means an increase of almost 5% compared to 20,503 euros in 2020, according to the statistics ‘Labor Market and Pensions in Tax Sources’, published by the Tax Agency (AEAT). Its about largest increase since 2008, when wages grew by an average of 5.02%, although these increases are far from the 7.3% rise experienced by wages in 2007, just before the financial crisis. This is confirmed by the statistics published by the Treasury.
The 5% increase in wages last year is motivated, on the one hand, by the strong recovery of the Spanish economy after the 2020 crisis derived from the pandemic, with a rise in GDP of 5.5%, as well as the increase in inflation, which closed 2021 at 6.7%, the highest increase in 29 years. According to the Tax Agency report, the number of employees in 2021 was 18,974,247, while the total amount of wages received amounted to 408.307 million euros.
Regarding the average salary in exclusively salary income, it reached 24,907 euros, 824 euros less compared to 2020, while the average annual remuneration exclusively for pensioners was 16,502 euros. According to the statistics, the average annual salary of men, a group that had 10,096,989 employees, amounted to 23,724 euros and that of women (8,877,258 employees) to 19,011 euros, with which men earn, on average, 19.8% more than women.
The AEAT confirms it: Madrid registers the highest salary
By autonomous community (data for the Basque Country and Navarra do not appear as they do not belong to the common tax regime territory), the highest average annual wage was recorded in the Community of Madrid, with 27,981 euros, followed by Catalonia, with 24,168 euros, Ceuta (23,545 euros), Melilla (22,311 euros) and Asturias (22,286 euros). At the opposite extreme, Extremadura (16,427 euros), the Canary Islands (17,925 euros) and Andalucía (17,468 euros) presented the lowest figures.
Bank and insurance employees are the ones who earn the most
The sector linked to financial and insurance entities, with 392,991 workers, registered an average salary of 43,982 euros, followed by Information and communications (553,002 employees), with 33,566 euros. on your side, salary in industrywhich employed 1,847,255 employees, amounted to 25,442 euros, while in the extractive industry, energy and water (216,891 employees) the figure rose to 29,990 euros.
In construction, the average salary was 19,979 euros, while in commerce, repairs and transport it stood at 19,695 euros. In business services, at 19,285 euros, and in social services, at 26,722 euros. Regarding agriculture, livestock, forestry and fishing (647,780 employees), the average annual salary was 9,037 euros and in other personal and leisure services it stood at 10,844 euros.
Operation of the Tax Agency statistics
the statistics ‘Labor market and pensions in tax sources’published by the Treasury, is a census-based investigation based on the Relation of Recipients of Salaries, Pensions and Unemployment Benefits presented by employers through the Annual Declaration of Withholdings and Income on Account on Work Income (model 190).
The statistics offer data on wage-earners, the unemployed and pensioners, as well as withholdings and income on work income through statistical tables in which both the recipients and the satisfied perceptions are classified according to various criteria, including geographic , activity and size of the company, gender and age of the recipient.
In this statistic, the average salary and pension are measured as the quotient of the declared masses of income from work divided by the number of recipients, without taking into account the actual working time or the number of months in which the pension has been received. pension. This fact produces a downward bias in average salary and pension compared to other statistics in which the denominator is the average annual number of employees or pensioners, according to the Treasury.
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