Average gross monthly earnings of employees in Cyprus increased 3.1 percent year-on-year to EUR 1878 in the third quarter of 2019, following an upwardly revised 1.5 percent growth in the previous period. It is the biggest annual gain in five quarters. Wages for both males and females rose 3 percent although the one for males (EUR 2016) remains higher than the one for females (EUR 1710). Compared to the previous quarter, seasonally adjusted wages went up 1.1 percent to EUR 1992. Cyprus Wage Growth - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Wage Growth in Cyprus averaged 1.92 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. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Wage Growth in Cyprus is expected to be 2.10 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 2.40 in 12 months time. In the long-term, the Cyprus Wage Growth is projected to trend around 2.60 percent in 2021, according to our econometric models.