Average gross monthly earnings of employees in Cyprus increased 2.5 percent to EUR 1,898 in the first quarter of 2019 from EUR 1,852 a year earlier, following a downwardly revised 2.7 percent gain in the last four months of 2018. Wages for male employees rose 2.3 percent to EUR 2,031 while wages for females went up 2.6 percent to EUR 1,735. Compared to the previous quarter, seasonally adjusted wages increased 0.5 percent to EUR 1,956. Wage Growth in Cyprus averaged 1.91 percent from 2004 until 2019, reaching an all time high of 7.10 percent in the third quarter of 2008 and a record low of -3.40 percent in the fourth quarter of 2013.

Wage Growth in Cyprus is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Cyprus to stand at 2.30 in 12 months time. In the long-term, the Cyprus Wage Growth is projected to trend around 2.60 percent in 2020, according to our econometric models.

Cyprus Wage Growth
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 09:00 AM Wage Growth YoY Q2 1.4% 1% 1.1%
2018-12-31 10:25 AM Wage Growth YoY Q3 3.1% 2% 1.2%
2019-04-02 10:00 AM Wage Growth YoY Q4 2.9% 2.9% 1.1%
2019-07-01 10:00 AM Wage Growth YoY Q1 2.5% 2.7% 3.2%
2019-09-30 09:00 AM Wage Growth YoY Q2 2.5% 2.7%
2019-12-30 10:00 AM Wage Growth YoY Q3 2.5%


Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.50 6.80 16.80 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 39252.00 33383.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 16.70 16.70 40.50 7.80 percent [+]
Labour Costs 90.64 103.32 116.33 58.87 Index Points [+]
Job Vacancies 10635.00 10130.00 16194.00 2137.00 [+]
Wages 2222.00 1824.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 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 [+]
Labor Force Participation Rate 63.20 62.50 64.70 55.50 percent [+]
Part Time Employment 42.90 40.20 50.00 15.80 Thousand [+]
Productivity 105.50 106.50 109.70 75.90 Index Points [+]
Wage Growth 2.50 2.70 7.10 -3.40 percent [+]
Employment Change 0.80 0.90 1.70 -2.50 percent [+]
Employment Rate 69.10 69.20 71.50 60.90 percent [+]
Full Time Employment 353.10 354.90 356.80 257.80 Thousand [+]


Cyprus Wage Growth

In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Wage Growth - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.70 7.10 -3.40 2004 - 2019 percent Quarterly
NSA




Country Last Previous
Argentina 2.77 Apr/19
Australia 2.30 Mar/19
Canada 2.90 Apr/19
Euro Area 2.50 Mar/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 1.60 May/19
Japan -0.20 May/19
Netherlands 2.34 Jun/19
Russia 2.30 Jun/19
Spain 4.62 May/19
Switzerland 0.50 Mar/19
United Kingdom 3.40 May/19
United States 3.59 May/19


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