Wages in Cyprus increased to 2398 EUR/Month in the second quarter of 2024 from 2378 EUR/Month in the first quarter of 2024. Wages in Cyprus averaged 1889.00 EUR/Month from 2003 until 2024, reaching an all time high of 2663.00 EUR/Month in the fourth quarter of 2023 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 2487.00 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 2542.00 EUR/Month in 2026 and 2605.00 EUR/Month in 2027, according to our econometric models.




Related Last Previous Unit Reference
Employed Persons 479.92 466.88 Thousand Dec 2023
Employment Change 0.50 0.40 percent Sep 2024
Employment Rate 76.60 75.80 percent Sep 2024
Full Time Employment 440.30 434.30 Thousand Sep 2024
Job Vacancies 16010.00 13778.00 Sep 2024
Labor Force Participation Rate 65.70 65.10 percent Sep 2024
Labour Costs 95.39 105.57 points Sep 2024
Long Term Unemployment Rate 1.10 1.60 percent Sep 2024
Part Time Employment 36.60 37.70 Thousand Sep 2024
Population 0.93 0.92 Million Dec 2024
Productivity 113.76 114.37 points Sep 2024
Retirement Age Men 65.50 65.00 Years Dec 2024
Retirement Age Women 65.50 65.00 Years Dec 2024
Unemployed Persons 23073.00 23760.00 Sep 2024
Unemployment Rate 4.40 4.50 percent Nov 2024
Wage Growth YoY 6.00 5.70 percent Jun 2024
Wages 2398.00 2378.00 EUR/Month Jun 2024
Youth Unemployment Rate 12.30 12.30 percent Sep 2024

Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.
Actual Previous Highest Lowest Dates Unit Frequency
2398.00 2378.00 2663.00 1360.00 2003 - 2024 EUR/Month Quarterly
NSA