Labour Costs in Cyprus increased to 116.85 points in the fourth quarter of 2020 from 94.72 points in the third quarter of 2020. source: European Central Bank

Labour Costs in Cyprus averaged 93.75 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 May of 2021.

Labour Costs in Cyprus is expected to be 119.06 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 105.95 in 12 months time. In the long-term, the Cyprus Labour Costs is projected to trend around 120.85 points in 2022 and 123.26 points in 2023, according to our econometric models.

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Cyprus Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
116.85 94.72 126.56 65.45 1995 - 2020 points Quarterly
2010=100, NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.80 16.50 3.00 percent [+]
Employed Persons 417.40 416.50 417.40 135.00 Thousand [+]
Unemployed Persons 36677.00 37234.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 1.80 7.80 0.40 percent [+]
Youth Unemployment Rate 18.70 18.70 41.10 7.80 percent [+]
Labour Costs 116.85 94.72 126.56 65.45 points [+]
Job Vacancies 7963.00 7141.00 16194.00 2137.00 [+]
Wages 2267.00 1914.00 2296.00 1360.00 EUR/Month [+]
Population 0.89 0.88 0.89 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 0.40 2.40 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.90 62.20 64.70 55.50 percent [+]
Productivity 107.60 104.00 107.60 76.00 points [+]
Part Time Employment 41.80 37.30 50.00 15.80 Thousand [+]
Employment Change -0.40 -0.90 2.40 -2.10 percent [+]
Employment Rate 69.90 69.70 71.50 60.90 percent [+]
Full Time Employment 364.80 364.80 367.30 257.80 Thousand [+]