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. Cyprus Wage Growth - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Wage Growth in Cyprus averaged 1.92 percent from 2004 until 2019, 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.

Wage Growth in Cyprus is expected to be 2.10 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
3.10 0.70 7.10 -3.40 2004 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-04-02 10:00 AM Q4 2.9% 2.9% 1.1%
2019-07-01 10:00 AM Q1 2.5% 2.7% 3.2%
2019-10-04 09:00 AM Q2 0.7% 1.9% 2.7%
2019-12-30 10:00 AM Q3 3.1% 1.5% 1.3%
2020-03-30 09:00 AM Q4 3.1% 1.5%
2020-06-29 09:00 AM Q1 2.1%
2020-09-28 09:00 AM Q2 1.9%
2020-12-29 10:00 AM Q3


News Stream
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 Slows in Q2
Average gross monthly earnings of employees in Cyprus increased 0.7 percent year-on-year to EUR 1,880 in the second quarter of 2019, following a downwardly revised 1.9 percent growth in the previous period. Wages for female employees led the gains (3.9 percent vs 2.5 percent in Q1), while those for males declined for the first time in three years (-1.2 percent vs 1.4 percent). Compared to the previous quarter, seasonally adjusted wages decreased 0.1 percent to EUR 1,955.
2019-10-04
Cyprus Wages Rise 2.5% in Q1
Average gross monthly earnings of employees in Cyprus increased 2.5 percent to EUR 1,898 in the first quarter of 2019 from EUR 1,852 a year earlier, following a downwardly revised 2.7 percent gain in the last four months of 2018. Wages for male employees rose 2.3 percent to EUR 2,031 while wages for females went up 2.6 percent to EUR 1,735. Compared to the previous quarter, seasonally adjusted wages increased 0.5 percent to EUR 1,956.
2019-07-01
Cyprus Wages Growth Unchanged at 2.9% YoY in Q4
Average gross monthly earnings of employees in Cyprus rose 2.9 percent year-on-year to EUR 2,222 in the fourth quarter of 2018, the same pace as in the previous period. It was the biggest increase in wages since the last quarter of 2011, as wages for females went up 3.1 percent to EUR 2,050 and those for males increased 2.7 percent to EUR 2,364. Compared to the previous three-month period, seasonally adjusted wages dropped 0.2 percent to EUR 1,949.
2019-04-02

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