Key Facts: Spain vs Turks and Caicos Islands Wages
- Spain Minimum Wage
- €7.96/hr ($9.27 USD)
- Turks and Caicos Islands Minimum Wage
- $8/hr
- Spain Avg. Gross Monthly Salary
- €2,450 /mo ($2,853.15 USD)
- Data Sources
- Ministerio de Trabajo y Economía Social (2026-03-02), TC Weekly News — Minimum Wage Increase (2026-05-04)
Spain 
Turks and Caicos Islands
Updated 2026-05-04
Turks and Caicos Islands Minimum Wage
$8 /hr
Both high-income economies, Spain and Turks and Caicos Islands set comparable minimum wage floors in USD terms.
Detailed Comparison
| Metric | Spain | Turks and Caicos Islands |
|---|---|---|
| Minimum wage /hr | €7.96 $9.27 | $8 |
| Minimum wage /mo | €1,221 $1,421.92 | $1,386.67 |
| Minimum wage /yr | €17,094 $19,906.84 | $16,640 |
| Avg. gross salary /mo | €2,450 /mo $2,853.15 | N/A/mo |
| Avg. net salary /mo | €1,900 /mo $2,212.65 | N/A/mo |
| Median individual income /yr | €22,000 /yr $25,620.12 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Spain is higher.
Work Week
- Spain
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Workers' Statute, Article 34). Maximum 80 hours of overtime per year. Overtime compensation is set by collective agreement or individual contract, with a minimum of regular hourly rate or equivalent time off. EU Working Time Directive caps average weekly hours at 48.
- Turks and Caicos Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours under the Employment Ordinance.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Turks and Caicos Islands to Spain would see a 16% increase in USD-equivalent hourly earnings.
See this comparison from Turks and Caicos Islands's perspective: Turks and Caicos Islands vs Spain
Compare Spain with...
Spain vs United States $ 7.25 /hr 
Spain vs China ¥ 25 /hr 
Spain vs Germany € 13.9 /hr 
Spain vs United Kingdom £ 12.71 /hr 
Spain vs India ₹ 4,576 /mo 
Spain vs Japan ¥ 1,121 /hr 
Spain vs France € 12.02 /hr 
Spain vs South Korea ₩ 10,320 /hr 
Spain vs Canada C$ 18.1 /hr 
Spain vs Australia A$ 24.95 /hr 
Spain vs Brazil R$ 7.37 /hr 
Spain vs Russia ₽ 156.31 /hr 
Spain vs Mexico MX$ 9,583.52 /mo 
Spain vs Indonesia Rp 33,058 /hr 
Spain vs Netherlands € 14.71 /hr 
Spain vs Saudi Arabia ﷼ 23.08 /hr 
Spain vs Turkey ₺ 164.94 /hr 
Spain vs Taiwan NT$ 190 /hr 
Spain vs Switzerland 
Spain vs Poland zł 31.4 /hr 
Spain vs Thailand ฿ 10,400 /mo 
Spain vs Sweden 
Spain vs Argentina ARS 1,762 /hr 
Spain vs Singapore Frequently Asked Questions
Is the minimum wage higher in Spain or Turks and Caicos Islands?
In Spain, the minimum wage is €7.96/hr ($9.27 USD). In Turks and Caicos Islands, it is $8/hr. Spain has the higher rate by 16% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Turks and Caicos Islands may retain a larger share of their earnings if prices there are lower.
How do work hours compare between Spain and Turks and Caicos Islands?
Both Spain and Turks and Caicos Islands mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.