1 Jul, 2014 @ 09:03
1 min read

Salaries slump in Spain with artists and estate agents worst affected

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ARTISTS and real estate agents have been most affected by the economic crisis, according to data from Spain’s National Statistics Institute (INE).

The salaries in these sectors have decreased 4.7% so far this year, while last year they saw an average decrease of 4.5%.

However all workers in Spain’s service sector, where the majority of workers (10.7 million) are employed, have seen a drop in wages, on average by 0.5%.

Salaries in the construction sector have been completely frozen, as a result of the major contraction in the property market.

Spain’s average salary for the first quarter of 2014 was €1,805.76, a 0.2% decrease from last year.

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