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Spain’s Average Pension Rises to €1,370.7 After Inflation Indexation

The latest Social Security figures push monthly pension payments to a record level and increase near-term pressure on the state budget.

Overview

  • Official Social Security data show the national average pension stood at €1,370.7, a 4.6% year-on-year rise following the recent inflation-linked revalorization.
  • The average retirement pension is €1,572 and the general-regime pension averages €1,731.70 while the self-employed (RETA) average just €1,060, creating a €672 monthly gap between the two regimes.
  • The coal-mining regime records the highest average at about €3,004 per month, highlighting wide differences tied to contribution regimes and past sector rules.
  • Pension payments reached a record monthly outlay of €14,365.8 million, with 10.48 million pensions paid to 9.47 million people, raising concerns about short-term fiscal strain.
  • New retiree entries continue to push up averages — new pensions averaged €1,644.1 in the latest available data — and the 14-pay structure magnifies annual gaps that affect low-income groups such as many self-employed workers.