Econostrum | Economic News in the Mediterranean



Minimum wage boost in France and Spain

Spain is catching up on its minimum wage. Photo GT.
Spain is catching up on its minimum wage. Photo GT.
FRANCE/SPAIN. France and Spain are giving a boost to the minimum wage. On 1 October, the gross monthly minimum wage will rise to €1,589 in France and to €1,125 in Spain (retroactive to 1 September).
While in France this is simply a matter of keeping up with inflation, Spain is catching up with European levels. Revalorizations follow one another: +22% in 2019, +5.5% in 2020. The government is committed to continuing this strategy in 2022 and 2023 to achieve a 60% increase over five years.
The minimum wage is €775 in Portugal, €650 in Greece and €563 in Croatia. It does not exist in Italy or Cyprus. To the east of the Mediterranean, the minimum wage is €1,364 in Israel and €392 in Turkey.


Gérard Tur

Tuesday, September 21st 2021

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