The INE report shows that that there was a 2.4% increase in this average salary in 2020. But this was only on paper, as the INE has considered salaries registered by companies and not what was actually paid - this was because of the ERTE furlough scheme.
The average salary in the Balearics differs significantly from that of the region with the highest average - the Basque Country (30,224 euros). One explanation for this has to do with the high number of employees in the Balearics who are on 'fijo discontinuo' contracts. They are paid for the months that they work and receive benefit for the other months, which results in a drop in their average salary. Regions where this type of contract is nowhere near as common as it is in the Balearics, such as Aragon and Navarre, have higher average salaries.
The best-paid workers in 2020 were in the industry sector - 24,466 euros. Construction sector had the lowest average (22,819 euros), while the service sector average was 23,975 euros.
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Regional industries dictate area salaries. Bilbao Madrid Barcelona all major business areas. Reason for Majorca in particular to diversify its economy. Finance IT and other future businesses it’s an ideal location for them. But it would have to tolerate high income yank’s Brits ,Japanese, Korean Indian nationals. But the Balearics are popular tourist areas The tourists will have to pay for the privilege some areas will close as economic choices are made so be it. What can’t continue is the lowest wages and the highest costs in Spain.