Average gross monthly earnings of employees in Cyprus increased 1.7 percent year-on-year to EUR 1,925 in the second quarter of 2020, easing from a downwardly revised 2.6 percent rise in the previous period. Wages for male employees were unchanged at EUR 2,044; and those for females went up 3.7 percent to EUR 1,773, the biggest annual gain since the last quarter of 2011. Compared to the previous quarter, seasonally adjusted wages fell 0.5 percent to EUR 2,004.

Wage Growth in Cyprus averaged 1.94 percent from 2004 until 2020, 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. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Wage Growth in Cyprus is expected to be 1.90 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 2.40 in 12 months time. In the long-term, the Cyprus Wage Growth is projected to trend around 2.60 percent in 2021, according to our econometric models.

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Cyprus Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.60 7.10 -3.40 2004 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-30 10:00 AM Q3 3.1% 1.5% 1.3%
2020-03-30 09:10 AM Q4 2.9% 2.7% 1.5%
2020-06-29 09:30 AM Q1 3.3% 2.2% 2.1%
2020-09-28 09:15 AM Q2 1.7% 2.6% 1.9%
2020-12-29 10:00 AM Q3 1.7%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Cyprus Wage Growth Slows in Q2
Average gross monthly earnings of employees in Cyprus increased 1.7 percent year-on-year to EUR 1,925 in the second quarter of 2020, easing from a downwardly revised 2.6 percent rise in the previous period. Wages for male employees were unchanged at EUR 2,044; and those for females went up 3.7 percent to EUR 1,773, the biggest annual gain since the last quarter of 2011. Compared to the previous quarter, seasonally adjusted wages fell 0.5 percent to EUR 2,004.
2020-09-28
Cyprus Wage Growth Picks Up to 3.3% in Q1
Average gross monthly earnings of employees in Cyprus increased 3.3 percent year-on-year to EUR 1,956 in the first quarter of 2020, accelerating from a downwardly revised 2.2 percent rise in the previous period. It was the biggest annual gain since the second quarter of 2018. Wages for male employees climbed 3.6 percent to EUR 2,101; and those for females went up 2.8 percent to EUR 1,780. Compared to the previous quarter, seasonally adjusted wages advanced 1 percent to EUR 2,019.
2020-06-29
Cyprus Wage Growth at 1-1/2-Year High
Average gross monthly earnings of employees in Cyprus increased 2.9 percent year-on-year to EUR 2,269 in the fourth quarter of 2019, accelerating from a downwardly revised 2.7 percent rise in the previous period. It was the biggest annual gain since the second quarter of 2018. Wages for female employees led climbed 3.8 percent to EUR 2,112; and those for males went up 2.3 percent to EUR 2,400. Compared to the previous quarter, seasonally adjusted wages increased 0.8 percent to EUR 2,004.
2020-03-30
Cyprus Wage Growth Highest in Over a Year
Average gross monthly earnings of employees in Cyprus increased 3.1 percent year-on-year to EUR 1878 in the third quarter of 2019, following an upwardly revised 1.5 percent growth in the previous period. It is the biggest annual gain in five quarters. Wages for both males and females rose 3 percent although the one for males (EUR 2016) remains higher than the one for females (EUR 1710). Compared to the previous quarter, seasonally adjusted wages went up 1.1 percent to EUR 1992.
2019-12-30

Cyprus Wage Growth
In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees.