Average gross monthly earnings of employees in Cyprus grew by 5.3 percent year-on-year to EUR 2.069 in the third quarter of 2022, compared to 2.9 percent rise in the same period a year earlier. Wages for female employees increased by 5.4 percent to EUR 1.884, while those for male employees rose by 5.1 percent on the year to EUR 2.217. Compared to the previous quarter, seasonally adjusted wages rose by 0.7 percent. source: Statistical Service of the Republic of Cyprus
Wage Growth in Cyprus averaged 2.12 percent from 2004 until 2022, reaching an all time high of 8.30 percent in the first quarter of 2022 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. Cyprus Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Wage Growth in Cyprus is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Wage Growth is projected to trend around 2.30 percent in 2024 and 2.00 percent in 2025, according to our econometric models.