Average gross monthly earnings of employees in Cyprus grew by 6.8 year-on-year to EUR 2,019 in the first quarter of 2022, the steepest increase since Q3 of 2008, following an upwardly revised 6.5 percent rise in the previous quarter. Wages for female employees increased by 9 percent to EUR 1.856, while those for male employees rose by 5.1 percent on the year to EUR 2,150, . Compared to the previous quarter, seasonally adjusted wages rose by 1 percent. source: Statistical Service of the Republic of Cyprus

Wage Growth in Cyprus averaged 1.92 percent from 2004 until 2022, 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. Cyprus Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Wage Growth in Cyprus is expected to be 0.80 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 2.00 percent in 2023, according to our econometric models.

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Cyprus Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 09:30 AM Q4 3.6% 2% 1%
2022-06-29 09:30 AM Q1 6.8% 6.5% 0.8%
2022-09-28 09:35 AM Q2 6.8%


Related Last Previous Unit Reference
Unemployed Persons 31305.00 29600.00 Mar 2022
Employed Persons 431.70 417.40 Thousand Dec 2021
Job Vacancies 18686.00 20564.00 May 2022
Wage Growth 6.80 6.50 percent Mar 2022
Labor Force Participation Rate 64.50 64.60 percent Dec 2021

Cyprus Wage Growth
In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.50 7.10 -3.40 2004 - 2022 percent Quarterly
NSA

News Stream
Cyprus Wage Growth Highest Since 2008
Average gross monthly earnings of employees in Cyprus grew by 6.8 year-on-year to EUR 2,019 in the first quarter of 2022, the steepest increase since Q3 of 2008, following an upwardly revised 6.5 percent rise in the previous quarter. Wages for female employees increased by 9 percent to EUR 1.856, while those for male employees rose by 5.1 percent on the year to EUR 2,150, . Compared to the previous quarter, seasonally adjusted wages rose by 1 percent.
2022-06-29
Cyprus Wages Rise 3.6% YoY in Q4
Average gross monthly earnings of employees in Cyprus grew by 3.6 year-on-year to EUR 2,341 in the fourth quarter of 2021, the steepest increase since Q2 of 2018, following an upwardly revised expansion of 2 percent in the previous quarter. Wages for male employees rose by 3.4 percent on the year to EUR 2,489, while those for female employees increased by 3.8 percent to EUR 2,157. Compared to the previous quarter, seasonally adjusted wages rose by 1.1 percent.
2022-03-31
Cyprus Wages Rise 1.3% YoY in Q3
Average gross monthly earnings of employees in Cyprus grew by 1.3 percent year-on-year to EUR 1,934 in the third quarter of 2021, following an upwardly revised expansion of 2.5 percent in the previous period. Wages for male employees advanced 1.4 percent on the year to EUR 2,074, while those for female employees increased 1.3 percent to EUR 1,764. Compared to the previous quarter, seasonally adjusted wages rose by 0.5 percent to EUR 2,024.
2021-12-29