Annual Change 5.9%
According to preliminary data, the average gross monthly compensation of employees in the fourth quarter of 2022 is estimated at €2,546 compared to €2.404 in the fourth quarter of 2021, an increase of 5.9%.
Average gross earnings, adjusted for seasonal variations, in the fourth quarter of 2022 are estimated at €2,237, an increase of 1.8% compared to the third quarter of 2022.
Note: From Q1 2022 onwards, data are preliminary.
Average gross monthly earnings for men, in the fourth quarter of 2022, are estimated at €2,735 and for women at €2,312. Compared to the fourth quarter of 2021, average monthly earnings for men and women increased by 6.6% and 4.7% respectively.
| Table |
[TD]
[/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD]
[/TD] [TD] [/TD] [TD] [/TD] [/TD]
[TR] [TD]
Gender
[/TD] [TD] [TD]Average monthly earnings (€)
[/TD] [/TD] [TD][/TD] [TD]
Change (%)
[/TD] [/TR] [TR] [TD]Unadjusted
[/TD] [TD]Seasonally adjusted
[/TD] [TD] [/TD] [TD] [/TD] [TD]With the corresponding quarter of the previous year (earnings uncorrected)
[/TD] [TD]With the previous quarter (seasonally adjusted)[/TD] [TD]
With the previous quarter (seasonally adjusted) earnings)
[/TD] [/TD] [/TR] [TR] [TD]Total
[/TD] [TD] [/TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]Q4 2022
[/TD] [TD]2.546
[/TD] [TD]2,237
[/TD] [TD] [/TD] [TD]5.9
[/TD] [TD]1.8
[/TD] [/TR] [TR] [TD]3rd Quarter 2022
[/TD] [TD]2.072
[/TD] [TD]2.198
[/TD] [TD] [/TD] [TD]5.5
[/TD] [TD]1.0
[/TD] [/TR] [TR] [TD]4th Quarter 2021
[/TD] [TD]2.404
[/TD] [TD]2.117
[/TD] [TD] [/TD] [TD]6.4
[/TD] [TD]2,0
[/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD] [TD] [/TD] [/TD] [/TR] [TR] [TR] [TD]Men
[/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]Q4 2022
[/TD] [TD]2.735
[/TD] [TD]2.408
[/TD] [TD] [/TD] [TD]6.6
[/TD] [TD]2.1
[/TD] [/TR] [TR] [TD]3rd Quarter 2022
[/TD] [TD]2.224
[/TD] [TD]2.359
[/TD] [TD] [/TD] [TD]5.4
[/TD] [TD]1.2
[/TD] [/TR] [TR] [TD]4th Quarter 2021
[/TD] [TD]2.566
[/TD] [TD]2.267
[/TD] [TD] [/TD] [TD]6.6
[/TD] [TD]1,8
[/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]Women
[/TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]Q4 2022
[/TD] [TD]2.312
[/TD] [TD]2.024
[/TD] [TD] [/TD] [TD]4.7
[/TD] [TD]1.3
[/TD] [/TR] [TR] [TD]3rd Quarter 2022
[/TD] [TD]1.884
[/TD] [TD]1.998
[/TD] [TD] [/TD] [TD]5.4
[/TD] [TD]0.4
[/TD] [/TR] [TR] [TD]4th Quarter 2021
[/TD] [TD]2.208
[/TD] [TD]1.934
[/TD] [TD] [/TD] [TD]6.2
[/TD] [TD]2.4
[/TD] [/TD] [/TR]
Note: 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 the 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 based on the Statistical Classification of Economic Activities in the Community (NACE Rev. 2), except Sector T: Activities of households as employers and Sector U: Activities of NPISHs.
All employees registered in the Social Security Institution File are covered.
All employees registered in the Social Security Institution File are covered. Excludes persons with earnings less than the minimum permissible threshold, defined by the Statistical Office as an indication of persons who were not in regular employment during the reference period (e.g. persons who received only some retroactive payment, persons who worked very few hours, etc.). The minimum permissible earnings threshold is revised each year, depending on the level of the minimum wage according to the Minimum Wage Decree.
Extraordinary methodological adjustment
The calculations include, regardless of the level of their remuneration, those employees who participated in the Special Plans under the Support Measures for Employees in Response to the Pandemic of the Ministry of Labour and Social Insurance, from April 2020 to October 2021.
Definitions
The average monthly remuneration of employees includes the basic salary, the index 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 of the Ministry of Labour 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 and Social Insurance.
The 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 shall be used to calculate the seasonally adjusted figures. Seasonally adjusted data are used to compare data for a particular period of time with other periods, for example, the immediately preceding quarter, i.e. where the seasonality factor affects the data.
The 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.
The 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. Due to the fact that 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
Data are published in the online database of the Statistical Office CYSTAT-DB. Data are available from the first quarter of 2003.
For more information:
Statistical Office Portal, under Labour Costs and Earnings
CYSTAT-DB (Database)
Predefined Tables (Excel)
Predefined Tables in Excel format include data up to Q4 2021. For data from Q1 2022 onwards, the update is done only in the CYSTAT-DB Database.
Contact
Fani Lagoux: Tel:+35722602115, Tel. plagou@cystat.mof.gov.cy
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