Cyprus Average Monthly Earnings of Employees - Forecast

Wages in Cyprus is expected to be 1837.66 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 2280.00 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 2390.00 EUR/Month in 2020, according to our econometric models.


Cyprus Average Monthly Earnings of Employees
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Cyprus Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11 9.8 9.5 9.2 9 7.5
Employed Persons 367 355 359 363 368 365
Unemployed Persons 42526 39793 38677 40280 39393 39151
Long Term Unemployment Rate 4.9 4.83 4.81 4.79 4.77 4.61
Youth Unemployment Rate 24.9 24.68 24.57 24.46 24.36 23.59
Labour Costs 84.18 91.06 90.17 84.36 102 98.72
Wages 1747 1838 1806 1740 2280 2390
Population 0.85 0.86 0.86 0.86 0.86 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 61.4 61.19 61.16 61.13 61.1 60.96
Part Time Employment 45.1 46.45 45.9 45.8 45.9 45.28
Productivity 109 102 104 108 106 106
Wage Growth -0.1 0.53 0.64 0.93 1.06 1.82
Employment Change 0.6 0.53 0.52 0.47 0.47 0.38
Employment Rate 66.6 66.52 66.37 66.27 66.36 66.46
Full Time Employment 326 324 324 323 323 320