Average gross monthly earning of employees in Cyprus rose 1.4 percent year-on-year to EUR 1,827 in the second quarter of 2018, following a downwardly revised 1 percent gain in the previous period. It was the biggest increase in wages since the first quarter of 2012. Wages for female employees went up 2.4 percent to EUR 1,663 and those for males increased 0.6 percent to EUR 1,964. Compared to the previous three month period, seasonally adjusted wages went up 0.3 percent to EUR 1,912. Wage Growth in Cyprus averaged 1.83 percent from 2004 until 2018, 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.

Wage Growth in Cyprus is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Cyprus to stand at 0.70 in 12 months time. In the long-term, the Cyprus Wage Growth is projected to trend around 0.80 percent in 2020, according to our econometric models.

Cyprus Wage Growth
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-02 09:00 AM Wage Growth YoY 1.0% 0.1% 0.4%
2018-06-29 09:40 AM Wage Growth YoY 1.2% 0.6% 1.5%
2018-09-28 09:00 AM Wage Growth YoY 1.4% 1% 1.1%
2018-12-31 10:00 AM Wage Growth YoY 1.4% 1.4%


Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.50 16.70 3.00 percent [+]
Employed Persons 367.30 358.20 398.20 135.00 Thousand [+]
Unemployed Persons 31888.00 46468.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.50 3.20 7.80 0.40 percent [+]
Youth Unemployment Rate 19.00 19.00 40.50 7.80 percent [+]
Labour Costs 88.94 90.65 116.33 58.87 Index Points [+]
Job Vacancies 8630.00 9693.00 16194.00 2137.00 [+]
Wages 1827.00 1853.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 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 [+]
Labor Force Participation Rate 62.00 62.00 64.70 55.50 percent [+]
Part Time Employment 44.60 45.50 50.00 15.80 Thousand [+]
Productivity 104.60 104.40 109.70 75.90 Index Points [+]
Wage Growth 1.40 1.00 7.10 -3.40 percent [+]
Employment Change 1.00 0.70 1.70 -2.50 percent [+]
Employment Rate 69.40 66.20 71.50 60.90 percent [+]
Full Time Employment 347.40 330.60 355.90 257.80 Thousand [+]


Cyprus Wage Growth

This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Wage Growth - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.00 7.10 -3.40 2004 - 2018 percent Quarterly
NSA




Country Last
Argentina 2.84 Aug/18
Australia 2.30 Sep/18
Euro Area 1.90 Jun/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.90 Aug/18
Japan 1.10 Sep/18
Netherlands 2.27 Oct/18
Russia 4.40 Oct/18
Switzerland 0.80 Jun/18
United Kingdom 3.00 Sep/18
United States 4.60 Sep/18


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