A study conducted by The Adecco Group Institute summarizes the changes in wages and purchasing power in 2022 in the Basque Country, classified by sector and with a perspective on previous years.
The average salary in the Basque Country will be 2,099 euros per month in 2022, which is 2.4% more than last year, according to the IX Monitor study by The Adecco Group Institute. This figure has reached a new historical maximum and has ranked second in terms of highest salary in the entire autonomous state community.
In terms of economic sectors, industry remains the one that offers the highest remuneration in the Basque Country at 2,596 euros per month. Compared to the average Basque salary, it represents a superiority of 397 euros per month, 4765 euros per year.
In second place comes the Construction sector with a monthly salary of 2,121 euros, which is still higher than the average salary of the CAV. It has managed to be the highest figure in the history of the sector in Euskadi.
Finally, the Services sector achieves an average remuneration of 1,990 euros. It is the only sector that falls below the average Basque salary, although it also set a record for the sector in Euskadi.
Compared to the rest of the Autonomous Communities, Construction ranks first, while Industry and Services rank second respectively.
Purchasing power, however, fell by 5.3%, 1.3 points higher than that of the Spanish group. The price increase in the Basque Country was 8% in 2022 and this increase meant a decrease in purchasing power compared to the previous year.
If we compare this data with the Basque history, the accumulated loss since 2017 is 4.7%, while that of the Spanish group is 2.5%. If we convert it into figures, this loss corresponds to 95 euros per month in Euskadi, compared to 44 euros less than in Spain as a whole. Among the autonomous communities, from least to most affected, the Basque Country ranks eighth.
Analyzed per sector, Construction loses 2.9% in purchasing power, Services 3.5% and Industry 6.5%.
The Industry sector is the one that has suffered the most losses since 2017; 0.2 point more than the national average. The construction sector is 1.5 percentage points below the national average (-4.4%).
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
