Spain has entered an elite group of just four EU countries where the state pension is sufficient to live on without additional savings. According to a study by Datapulse Research, Spanish retirees end up “in the black,” while the average European pensioner runs an annual deficit of 20%.
The average annual pension in Spain (before taxes) is estimated at €19,800, while the average expenses of a retiree amount to €19,300.
To maintain this status, Spain is spending record amounts. In January 2026, pension payments reached €14.25 billion (+6% compared to last year), marking a historic maximum.
The average annual pension in Spain (before taxes) is estimated at €19,800, while the average expenses of a retiree amount to €19,300.
To maintain this status, Spain is spending record amounts. In January 2026, pension payments reached €14.25 billion (+6% compared to last year), marking a historic maximum.
