Labour Costs in Cyprus increased to 105.57 points in the second quarter of 2020 from 102.16 points in the first quarter of 2020.

Labour Costs in Cyprus averaged 93.51 points from 1995 until 2020, reaching an all time high of 126.56 points in the fourth quarter of 2012 and a record low of 65.45 points in the third quarter of 1995. This page provides - Cyprus Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Labour Costs - values, historical data and charts - was last updated on October of 2020.

Labour Costs in Cyprus is expected to be 96.79 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Cyprus to stand at 104.61 in 12 months time. In the long-term, the Cyprus Labour Costs is projected to trend around 123.61 points in 2021 and 126.82 points in 2022, according to our econometric models.

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Cyprus Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
105.57 102.16 126.56 65.45 1995 - 2020 points Quarterly
2010=100, NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 6.90 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 30451.00 32803.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 1.80 2.10 7.80 0.40 percent [+]
Youth Unemployment Rate 19.80 19.80 41.10 7.80 percent [+]
Labour Costs 105.57 102.16 126.56 65.45 points [+]
Job Vacancies 6367.00 6897.00 16194.00 2137.00 [+]
Wages 1925.00 1945.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 1.70 2.60 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.50 62.90 64.70 55.50 percent [+]
Part Time Employment 40.20 43.10 50.00 15.80 Thousand [+]
Productivity 99.50 101.90 102.40 76.00 points [+]
Employment Change -0.90 0.50 2.40 -2.10 percent [+]
Employment Rate 69.90 70.00 71.50 60.90 percent [+]
Full Time Employment 365.30 361.90 367.30 257.80 Thousand [+]