Cyprus Mail
BusinessCyprusCyprus Business NewsCyprus by the Numbers

Cyprus average monthly earnings increase by 6.2 per cent

tech worker woman in tech remote work cyprus mail

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the same period in 2022.

According to the report, the average gross monthly earnings were estimated to stand at €2,693 during the fourth quarter of 2023, marking a noteworthy rise from €2,535 in the fourth quarter of 2022, reflecting a 6.2 per cent increase.

Moreover, adjusted for seasonal variations, the average gross monthly earnings for the fourth quarter of 2023 are estimated at €2,402, indicating a 1.6 per cent increase compared to the third quarter of the same year.

Breaking down the data by gender, the average gross monthly earnings for men during the fourth quarter of 2023 are estimated at €2,884.

For women, average gross monthly earnings stood at €2,452.

In comparison to the fourth quarter of 2022, the average monthly earnings for men and women have increased by 6.7 per cent and 5.5 per cent, respectively.

Follow the Cyprus Mail on Google News

Related Posts

SEC’s recent Uniswap decision surprises experts, Celestia & new AI Altcoin set to launch with a bang

CM Guest Columnist

Cypriot capital markets to benefit from EMTN dual-listing

Kyriacos Nicolaou

Fire brigade to hire 259 new recruits

Tom Cleaver

Nicosia praises Euro-Turkish relations linked to Cyprob

Jonathan Shkurko

Greek economy surges after decade of pain

Reuters News Service

Daily News Briefing

Staff Reporter