Spain, one of the advanced economies where real wages are falling the most
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Spain is one of the advanced economies where real wages have fallen the most in the last five years. Specifically, inflation-adjusted purchasing power has decreased by 2% in this time and, as pointed out by the Organisation for Economic Co-operation and Development (OECD), it is not expected to rebound in 2026 or in 2027. However, in year-on-year terms, real wages grew by 2% in Spanish territory during the first quarter of this year.
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