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Understanding The Job Market in Spain

August 02, 2020
It's no question that probably millions of people around the world dream of living in Spain. To live in one of the most liberated and welcoming societies. To live surrounded by such superfluous beauty, both natural and man-made. And to live in a land rich in culture, history, and heritage. Visiting Spain is one thing, but to actually be able to reside there is a dream come true for a lot of you out there. So what's the first step to that dream? Get a job here! But before you can do that, you have to first know the current state of the job market!

Understanding The Job Market in Spain

 

The Unemployment Rate in Spain

Before getting away with your daydreams of living in Spain, you have to first know that the country actually has one of the highest unemployment rates in Europe. As of this writing, the country's unemployment rate stands at 15.33%, higher than the previous finding of 14.41%. Though it's fair to say that the current COVID-19 pandemic contributed to this, Spain has long been notorious for having a high unemployment rate. At one point, it even reached a peak of 26.94%. But don't get discouraged by this. There are many factors as to why Spain's unemployment rate is high, but that doesn't include it's rising economy. 

 

The Employment Rate in Spain

Meanwhile, the country's employment rate is currently at 47.03%. It's slightly lower than that of other countries but it's not exactly something worth panicking over. Simply put, it looks like it's fairly challenging for the Spanish to maintain their positions. But that also doesn't mean that the work culture in the country is anything to frown over. It simply means Spain isn't having the best of luck in terms of employment as of late. However, the country continues to be one of the biggest economies in the world, and one of the strongest at that! 

 

Understanding The Job Market in Spain

 

Biggest Industries of Spain

Though there are many industries that contribute greatly to Spain's economy, only a handful of such really move the needle when it comes to the country's stability. The pharmaceutical market is one of them, with Spain becoming one of the leading manufacturers of medicine in Europe. Textiles and apparel also weigh heavily on the country's economy, with high street Spanish brands like ZARA, Manga, Stradivarius, and the like becoming global behemoths in the industry. And, of course, there's tourism. With famous cities like Madrid and Barcelona, as well as the party favorite, Ibiza, Spain continues to attract millions of tourists annually. 

 

The Big Sectors that Hire The Most in Spain

Now, just because said industries are the biggest in Spain doesn't mean they hire the biggest number of employees every year. In this day and age, it's the tech companies that need the most people, especially since it's become a global force of an industry as of late. There's still also the service sector, which remains highly popular among the youth. Many teenagers, as well as young immigrants, make their start in Spain by working as waiters in restaurants, cafes, and the like. And speaking of immigrants, perhaps tourism is the biggest sector that employs overseas workers. Spain often gets professionals from other countries to manage and watch over the hotels. 

 

Understanding The Job Market in Spain

 

Highly In-Demand Jobs in Spain

To guarantee that you will get employed the moment you go to Spain, which jobs should you look for? Or, in other words, which jobs are the highest in-demand in Spain? On top of this list is the position of a business consultant. Since many people are trying to start their own business in Spain—which might possibly explain the low employment rate and high unemployment rate—they need consulting to ensure success. IT jobs, engineering positions, and medical professionals follow suit. All of which have proven to be quite essential in recent years. Most especially the latter with the on-going pandemic. 

 

Highest-Paying Jobs in Spain

Now, if you want to make sure you get paid really well in Spain, you ought to know the highest-paying jobs here. The first of which is a commercial pilot, who earns roughly €56,000.00 to 120,000.00 a year. An experienced pilot can earn up to  €200,000.00 annually. Surgeons follow after, with their annual salaries of €60,000.00 to €100,000.00. But similarly to that of a commercial pilot, it also depends on one's expertise in the field. Slightly similarly is an orthodontist, which comes at third. These medical professionals can earn up to €65,000.00 a year in Spain. 

 

Understanding The Job Market in Spain

 

Simply put, Spain's job market may not look the brightest in the bunch, but that doesn't mean it's not worth looking into and possibly joining. You just have to know the right job, the right position, and the right company in order to succeed!


And when you do succeed, you can finally invest in a luxurious Spanish home as your accommodation here! Go on, you've earned it!




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