Average gross monthly earnings of employees in Cyprus eased by 3.7% year-on-year to EUR 2,601 in the first quarter of 2026, following a 4.4% increase in the previous quarter. This marked the weakest wage growth since the third quarter of 2021. Wages for men rose by 3.3% to EUR 2,776 from EUR 2,687in Q1 2025. Meanwhile, wages for women increased by 4.2% to EUR 2,378, compared with EUR 2,282. On a seasonally adjusted quarterly basis, average gross monthly earnings rose by 0.8% to EUR 2,652. source: Statistical Service of the Republic of Cyprus
Wages in Cyprus increased 3.70 percent in March of 2026 over the same month in the previous year. Wage Growth in Cyprus averaged 2.68 percent from 2004 until 2026, reaching an all time high of 9.60 percent in the first quarter of 2023 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 August of 2026.
Wages in Cyprus increased 3.70 percent in March of 2026 over the same month in the previous year. Wage Growth in Cyprus is expected to be 3.60 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 2.80 percent in 2027 and 2.20 percent in 2028, according to our econometric models.