Wages in Cyprus decreased to 1880 EUR/Month in the first quarter of 2021 from 2264 EUR/Month in the fourth quarter of 2020. source: Statistical Service, Ministry of Finance of Republic of Cyprus

Wages in Cyprus averaged 1824.68 EUR/Month from 2003 until 2021, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - values, historical data and charts - was last updated on September of 2021.

Wages in Cyprus is expected to be 1937.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 2344.00 EUR/Month in 2022 and 2391.00 EUR/Month in 2023, according to our econometric models.

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Cyprus Average Monthly Earnings of Employees

Actual Previous Highest Lowest Dates Unit Frequency
1880.00 2264.00 2296.00 1360.00 2003 - 2021 EUR/Month Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 8.20 16.50 3.00 percent [+]
Employed Persons 417.40 416.50 417.40 135.00 Thousand [+]
Unemployed Persons 39224.00 38970.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.80 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 20.10 20.10 40.30 7.80 percent [+]
Labour Costs 102.32 100.55 126.56 65.45 points [+]
Job Vacancies 10981.00 10493.00 16194.00 2137.00 [+]
Wages 1880.00 2264.00 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 -3.30 0.30 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.20 63.10 64.70 55.50 percent [+]
Productivity 107.10 105.70 107.10 76.00 points [+]
Part Time Employment 41.30 42.90 50.00 15.80 Thousand [+]
Employment Change 0.80 0.60 2.40 -2.10 percent [+]
Employment Rate 68.50 69.90 71.50 60.90 percent [+]
Full Time Employment 371.60 357.40 371.60 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.