Labour Costs in Cyprus increased to 117.65 points in the fourth quarter of 2019 from 94.98 points in the third quarter of 2019.

Labour Costs in Cyprus averaged 93.30 points from 1995 until 2019, 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 April of 2020.

Labour Costs in Cyprus is expected to be 101.45 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 120.47 in 12 months time. In the long-term, the Cyprus Labour Costs is projected to trend around 123.61 points in 2021 and 126.82 points in 2022, according to our econometric models.

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Cyprus Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
117.65 94.98 126.56 65.45 1995 - 2019 points Quarterly
2010=100, NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 6.00 16.50 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 28481.00 30088.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.10 2.10 7.80 0.40 percent [+]
Youth Unemployment Rate 15.20 15.20 41.10 7.80 percent [+]
Labour Costs 117.65 94.98 126.56 65.45 points [+]
Job Vacancies 10834.00 9869.00 16194.00 2137.00 [+]
Wages 2269.00 1872.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 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 2.90 2.70 7.10 -3.40 percent [+]
Labor Force Participation Rate 63.00 62.80 64.70 55.50 percent [+]
Part Time Employment 38.50 42.10 50.00 15.80 Thousand [+]
Productivity 102.30 102.00 102.40 76.00 points [+]
Employment Change 0.80 0.70 2.20 -2.10 percent [+]
Employment Rate 70.80 71.20 71.50 60.90 percent [+]
Full Time Employment 365.90 362.40 365.90 257.80 Thousand [+]