Spain proposes a 2027 minimum wage of €1,286 a month; comments close 16 November

Spain’s Ministry of Labour has published a draft Royal Decree setting the 2027 minimum wage (salario mínimo interprofesional, SMI) at €1,286 a month in 14 payments, or €18,004 a year, from 1 January 2027. That is a 5.3% rise, above the 4.9% recommended by the government’s expert panel and below the 7% sought by the unions. The draft went out for public comment on 4 November and the comment period closes on 16 November (Ministerio de Trabajo, public consultation; Europa Press).

Why this matters

The SMI is a reference point for several other Spanish thresholds, so a change here feeds through to other rules once it is final. It is still a draft. Nothing changes until the decree is approved by the Council of Ministers and published in the official gazette (BOE), and until then the 2026 figures continue to apply. A Royal Decree does not need parliament, so it can be approved before the 29 November general election.

What to watch: Council of Ministers approval and BOE publication. We will update the affected figures across our guides when the final decree is published, and not before.