Average gross monthly earnings of employees in Cyprus increased by 5.4% year-on-year to EUR 2,509 in the first quarter of 2025, following a 5% rise in the previous period. Wages for female employees went up by 5.5% to EUR 2,284, while those for male employees grew by 5.2% from a year ago to EUR 2,689. Compared to the previous quarter, seasonally adjusted wages rose by 1.4%, following a 1.2% increase in the preceding period. source: Statistical Service of the Republic of Cyprus
Wages in Cyprus increased 5.40 percent in March of 2025 over the same month in the previous year. Wage Growth in Cyprus averaged 2.63 percent from 2004 until 2025, reaching an all time high of 9.60 percent in the first quarter of 2023 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 September of 2025.
Wages in Cyprus increased 5.40 percent in March of 2025 over the same month in the previous year. Wage Growth in Cyprus is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Wage Growth is projected to trend around 3.00 percent in 2026 and 2.50 percent in 2027, according to our econometric models.