Wages in Cyprus decreased to 2601 EUR/Month in the first quarter of 2026 from 2932 EUR/Month in the fourth quarter of 2025. Wages in Cyprus averaged 1942.52 EUR/Month from 2003 until 2026, reaching an all time high of 2932.00 EUR/Month in the fourth quarter of 2025 and a record low of 1360.00 EUR/Month in the first quarter of 2003. source: Statistical Service, Ministry of Finance of Republic of Cyprus

Wages in Cyprus is expected to be 2540.00 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 3111.00 EUR/Month in 2027 and 3179.00 EUR/Month in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 504.64 491.52 Thousand Dec 2025
Employment Change 0.10 0.80 percent Mar 2026
Employment Rate 76.90 77.20 percent Mar 2026
Full Time Employment 451.10 453.00 Thousand Mar 2026
Job Vacancies 13905.00 13538.00 Mar 2026
Labor Force Participation Rate 64.70 65.20 percent Mar 2026
Labour Costs 112.17 112.07 points Mar 2026
Long Term Unemployment Rate 0.80 0.70 percent Mar 2026
Part Time Employment 37.10 36.30 Thousand Mar 2026
Population 1.00 0.98 Million Dec 2026
Productivity 117.44 116.97 points Mar 2026
Retirement Age Men 66.50 66.00 Years Dec 2026
Retirement Age Women 66.50 66.00 Years Dec 2026
Unemployed Persons 21246.00 21289.00 Mar 2026
Unemployment Rate 3.00 3.10 percent Jun 2026
Wage Growth YoY 3.70 4.40 percent Mar 2026
Wages 2601.00 2932.00 EUR/Month Mar 2026
Youth Unemployment Rate 7.80 7.80 percent Jun 2026


Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.
Actual Previous Highest Lowest Dates Unit Frequency
2601.00 2932.00 2932.00 1360.00 2003 - 2026 EUR/Month Quarterly
NSA

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