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. Wage Growth in Cyprus averaged 1.90 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.

Wage Growth in Cyprus is expected to be 1.50 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 2.00 in 12 months time. In the long-term, the Cyprus Wage Growth is projected to trend around 2.60 percent in 2020, according to our econometric models.

Cyprus Wage Growth
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-31 10:25 AM Wage Growth YoY Q3 3.1% 2% 1.2%
2019-04-02 10:00 AM Wage Growth YoY Q4 2.9% 2.9% 1.1%
2019-07-01 10:00 AM Wage Growth YoY Q1 2.5% 2.7% 3.2%
2019-10-04 09:00 AM Wage Growth YoY Q2 0.7% 1.9% 2.7%
2019-12-30 10:00 AM Wage Growth YoY Q3 0.7% 2.5%


Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 7.00 16.80 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 28989.00 39252.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 16.60 16.60 40.50 7.80 percent [+]
Labour Costs 91.58 90.64 116.33 58.87 Index Points [+]
Job Vacancies 10113.00 10235.00 16194.00 2137.00 [+]
Wages 1880.00 1893.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 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 [+]
Labor Force Participation Rate 62.80 63.20 64.70 55.50 percent [+]
Part Time Employment 42.10 42.90 50.00 15.80 Thousand [+]
Productivity 104.60 105.50 109.70 75.90 Index Points [+]
Wage Growth 0.70 1.90 7.10 -3.40 percent [+]
Employment Change 0.80 0.60 1.90 -2.30 percent [+]
Employment Rate 71.20 69.10 71.50 60.90 percent [+]
Full Time Employment 362.40 353.10 362.40 257.80 Thousand [+]


Cyprus Wage Growth

In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Wage Growth - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.90 7.10 -3.40 2004 - 2019 percent Quarterly
NSA




Country Last Previous
Argentina 4.29 Jul/19
Australia 2.30 Jun/19
Canada 2.70 Jul/19
Euro Area 2.70 Jun/19
France 0.50 Jun/19
Germany 1.30 Jun/19
Italy 0.70 Aug/19
Japan -0.20 Aug/19
Netherlands 2.58 Sep/19
Russia 3.00 Aug/19
Spain 6.72 Aug/19
Switzerland 0.50 Jun/19
United Kingdom 4.00 Jul/19
United States 5.34 Aug/19


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