Annual Change 1.3%
According to preliminary data, average gross monthly earnings of employees in the third quarter of 2021 are estimated at €1,934 compared to €1,909 in the third quarter of 2020, an increase of 1.3%.
Average gross earnings adjusted for seasonal variations in the third quarter of 2021 are estimated at €2,024, an increase of 0.5% compared to the second quarter of 2021.
Note: Data from Q1 2021 are preliminary.
Average gross monthly earnings for men in Q3 2021 are estimated at €2,074 and for women at €1,764. Compared to the third quarter of 2020, average monthly earnings for men and women increased by 1.4% and 1.3% respectively.
| Table | ||
| Gender | Average monthly earnings (€) |
Change (%) |
[TR] [TD]
Unadjusted
[/TD] [TD]Seasonally adjusted
[/TD] [/TD] [TD]With the corresponding quarter of the previous year (earnings without correction)
[/TD] [TD]With the previous quarter
(seasonally adjusted earnings)
Total
[/TD] [/TR] [TR] [TD]3rd Quarter 2021
[/TD] [/TD] [TD]1.934
[/TD] [TD]2.024
[/TD] [TD]1.3
[/TD] [TD]0.5
[/TD] [/TR] [TR] [TD]2nd Quarter 2021
[/TD] [TD]1.930
[/TD] [TD]2.014
[/TD] [TD]2.5
[/TD] [TD]2.2
[/TD] [/TD] [/TR] [TR] [TD]3rd Quarter 2020
[/TD] [TD]1.909
[/TD] [TD]2.010
[/TD] [TD]2.1
[/TD] [TD]2.4
[/TD] [/TR] [TR] [TD]
Men
[/TD] [/TR] [TR] [TD]3rd Quarter 2021
[/TD] [TD]2.074
[/TD] [TD]2.168
[/TD] [TD]1.4
[/TD] [TD]0.5
[/TD] [/TR] [TR] [TD]2nd Quarter 2021
[/TD] [TD]2.092
[/TD] [TD]2.158
[/TD] [TD]4.3
[/TD] [TD]0.6
[/TD] [/TR] [TR] [TD]3rd Quarter 2020
[/TD] [TD]2.045
[/TD] [TD]2.150
[/TD] [TD]1.6
[/TD] [TD]3.9
[/TD] [/TR] [TR] [TD]
Women
[/TD] [/TR] [TR] [TD]3rd Quarter 2021
[/TD] [TD]1.764
[/TD] [TD]1.848
[/TD] [TD]1.3
[/TD] [TD]0.4
[/TD] [/TD] [/TR] [TR] [TD]2nd Quarter 2021
[/TD] [TD]1.734
[/TD] [TD]1.841
[/TD] [TD]0.3
[/TD] [TD]4.7
[/TD] [/TD] [/TR] [TR] [TD]3rd Quarter 2020
[/TD] [TD]1.741
[/TD] [TD]1.836
[/TD] [TD]2.6
[/TD] [TD]0.3
[/TD] [/TR] [/TD]
Due to rounding of earnings, the calculation of the change may differ from the percentage change shown in the table.
METHODOLOGICAL INFORMATION
Identity
Average monthly earnings are calculated by dividing total gross earnings before deducting any contributions to compulsory social security funds, by the total number of staff members who received such emoluments. The source of the data is the file of the Social Security Services. The results are published on a quarterly basis. The calculation of average monthly earnings for the reference quarter is based on the first two months of the quarter.
Data coverage
All economic activities are covered except Sector T: Activities of households as employers and Sector U: Activities of composite organisations and institutions.
All employees registered in the Social Security Services Archives are covered. Excludes employees who declare a gross salary of less than 50% of the minimum wage, as specified in the decree of the Ministry of Labour and Social Security.
Extraordinary methodological adjustment
The calculations include, regardless of the amount of their earnings, those employees who participated in the Special Plans under the Employee Support Measures for Pandemic Response of the Ministry of Labour, Welfare and Social Insurance from April 2020 onwards.
Definitions
Employees' Average Monthly Remuneration includes the basic salary, the indexed allowance, overtime pay, the Leave Fund, any allowances received by employees during the reporting period, as well as retroactive payments.
The extraordinary contributions of private sector employees (2012-2016) and of officials and employees of the state service and the wider public sector (1/9/2011-31/12/2016) and the reductions in the remuneration of officials and employees of the state service and the wider public sector (from 01/12/2012) do not affect the gross salary but the disposable income of employees. Therefore, they are not reflected in the above figures.
It is clarified that, with regard to employees who participated in the Special Plans under the Pandemic Support Measures for Employees of the Ministry of Labour, Welfare and Social Insurance, the amount taken into account is the remuneration paid by the employer and does not include any amount paid as an allowance by the Ministry of Labour, Welfare and Social Insurance.
Average Monthly Earnings, adjusted for seasonal variations, are the average monthly earnings of employees, having removed the effect of the seasonal factor from the figures. Special statistical methods are used to calculate the seasonally adjusted figures. Seasonally adjusted data are used to compare data for a particular period of time with other periods, such as the immediately preceding quarter, i.e. where the seasonality factor affects the data.
Percentage Change - Comparison with the corresponding quarter of the previous year is the percentage change in average monthly earnings, comparing the data for a particular quarter with the corresponding quarter of the previous year. Because the comparison is made between corresponding periods of different years, there is no need to use seasonally adjusted data in the comparison, since the seasonal factor is the same for the periods being compared.
Percentage Change - Comparison with the previous quarter (Earnings adjusted for seasonal variations) is the percentage change in average monthly earnings, comparing the data for a given quarter with the immediately preceding quarter. Because the seasonal factor is different between two consecutive quarters, it is necessary to use the seasonally adjusted average monthly earnings data in the calculation of the percentage change.
Data availability
The data are published in the CYSTAT-DB web database. Data are available from the first quarter of 2003.
For more information:
Statistical Service Portal, under Labour Costs and Earnings
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables will be available in Excel format until Q4 2021. Thereafter, the data will be updated only in the CYSTAT-DB Database.
Contact
Fani Lagoux: Tel. plagou@cystat.mof.gov.cy
Eleni Christodoulidou: Tel. echristodoulidou@cystat.mof.gov.cy
(MB/EHR)
Contents of this article including associated images are belongs to PIO
Views & opinions expressed are those of the author and/or PIO
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