ICEX-INVEST IN SPAIN

Setting up a business

Start-Up Costs

Spain has comparative advantage in labor, location and energy costs.
Average annual earnings per worker in Spain is about €22,605.79 according to the Annual Labor Cost Survey by the Spanish National Statistics Institute (INE) for 2014. (Last year available)

 The pay differences between the various educational  are notable, as shown in the following table:

  

Annual Gross Salary, 2014

CNAE 09 Activities

Minning and quarrying

35.320,37

Manufacturing

26.428,97

Electricity, gas, steam, and air conditioning supply

57.978,79

Water supply, sewerage, waste management and remediation activities

23.772,71

Construction

22.755,55

Wholesale and retail trade, repair of motor vehicles and motorcycles

19.087,41

Transportation and storage

23.473,93

Accomodation and food services activities

13.354,95

Information and communication

33.216,64

Financial and insurance activities

43.575,24

Real Estate activities

19.488,52

Professional, scientific and technical activities

26.626,29

Administrative and support service activities

15.228,07

Public Administration and Defence; compulsory Social Security

26.924,44

Education

20.929,12

Human healts and social work activities

24.577,20

Arts, entertainment and recreation

17.325,40

Other servicie activities

16.216,30

Source: INE 2015

 

 

For further information, visit the extended version of our online Guide to Business:

Establishing a business in Spain

Annex I. Company and commercial law

Annex II. The Spanish financial system

Annex III. Accounting and audit issues

 

 


Prepared by:

 


Last updated: 18|05|2016

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