The trend in Oil and Gas Extraction Wages and Salaries in Spain from 2014 to 2023 revealed significant fluctuations. There was a sharp increase from 2014 to 2017, peaking substantially in 2016 and 2017. However, post-2017, there was a dramatic drop in 2018. The period from 2019 to 2023 saw a relatively steady but slight decline in wages year-on-year. The annual variation in 2022 and 2023 was around -2.5%, with a 2023 value standing at 34.5 million Euros. The last five years' CAGR indicates a -18.34% decline, suggesting a consistent downward trend.
Forecast into 2028 predicts a sustained decrease, with a forecasted 5-year CAGR of -2.25%. Future trends to watch include global energy demand shifts, technological advancements in extraction techniques, and potential regulatory changes impacting wages in the sector.
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