Salaries in CANARIAS

In 2023, the salary landscape in the Canary Islands presents a nuanced picture, revealing both opportunities and challenges for the workforce. The average salary in the region is reported at 24,034 euros per year, which notably falls short of the national average of 28,050 euros, reflecting a disparity of approximately 14.3%. This difference underscores the economic realities faced by residents of the Canary Islands, which often rely on tourism and related sectors as significant economic drivers. When examining the gender pay gap in the Canary Islands, the statistics reveal that men earn an average of 24,604 euros annually, while women earn approximately 23,439 euros. This results in a gender pay gap of 4.7%, indicating that while the gap exists, it is relatively modest in comparison to other regions of Spain. Addressing this gap remains crucial for fostering equality in the workplace. Permanent contracts in the Canary Islands average 23,422 euros, which is lower than the average salary across all contracts. In stark contrast, temporary contracts show a higher average of 28,879 euros, suggesting that individuals in temporary roles may be compensating for job insecurity with higher wages. This trend raises important questions about job stability and the nature of employment contracts within the region. Sector-specific analysis reveals that hourly wages vary significantly across industries. The industrial sector offers an average hourly wage of 14.85 euros, while the services sector slightly outperforms it at 14.95 euros. The construction sector, however, lags behind with an average of 12.53 euros per hour, indicating that while construction remains a vital part of the economy, it may not provide competitive compensation compared to other sectors. Age demographics also play a critical role in salary statistics. Younger workers, particularly those under 25, experience an average salary of merely 14,903 euros, emphasizing the challenges faced by new entrants in the labor market. As individuals progress in their careers, salaries increase, with those aged 45-54 earning an average of 26,719 euros, and those 55 and older averaging 27,513 euros. These figures illustrate a clear correlation between age and earnings, highlighting the importance of experience in salary progression. In conclusion, while the Canary Islands offer a unique lifestyle and employment opportunities, the salary statistics for 2023 reveal significant challenges. With an average income notably below the national average, ongoing efforts to enhance job security, address gender pay disparities, and stimulate higher wages across sectors will be essential for fostering a more equitable and prosperous economy in the region.