Wages in Cyprus increased to 1907 EUR/Month in the third quarter of 2020 from 1900 EUR/Month in the second quarter of 2020. source: Statistical Service, Ministry of Finance of Republic of Cyprus

Wages in Cyprus averaged 1817.61 EUR/Month from 2003 until 2020, 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 July of 2021.

Wages in Cyprus is expected to be 1918.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 2301.00 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 2347.00 EUR/Month in 2022 and 2394.00 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
2267.00 1914.00 2296.00 1360.00 2003 - 2020 EUR/Month Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.90 9.20 16.50 3.00 percent [+]
Employed Persons 417.40 416.50 417.40 135.00 Thousand [+]
Unemployed Persons 38970.00 36677.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.80 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 18.70 18.70 41.10 7.80 percent [+]
Labour Costs 100.55 116.85 126.56 65.45 points [+]
Job Vacancies 8651.00 7901.00 16194.00 2137.00 [+]
Wages 2267.00 1914.00 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 63.10 62.90 64.70 55.50 percent [+]
Productivity 105.70 107.60 107.60 76.00 points [+]
Part Time Employment 42.90 41.80 50.00 15.80 Thousand [+]
Employment Change 0.80 0.60 2.40 -2.10 percent [+]
Employment Rate 69.90 69.70 71.50 60.90 percent [+]
Full Time Employment 357.40 364.80 367.30 257.80 Thousand [+]


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