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[PIO] Employment-National Accounts: 1st Quarter 2024 (Preliminary Estimate)

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Annual Change +2.2% in Persons and +2.6% in Hours worked

Persons

The total number of workers employed in Q1 2024 is estimated at 474.587 persons, of which 425,090 are employees and 49,497 are self-employed.

Compared to the same quarter in 2023, total employment for Q1 2024 increased by 2.2%. The most significant percentage increases were observed in Administrative and support service activities (NACE N), Education (NACE P) and Accommodation and food service activities (NACE I).


Hours worked

Actual hours worked for the first quarter of 2024 are estimated at 217,668 thousand, an increase of 2.6% compared to the corresponding quarter of 2023. The most significant percentage increases were observed in Administrative and support service activities (NACE N), Education (NACE P) and Accommodation and food service activities (NACE I).


Methodological Information

Coverage and Methodology

Information is provided on the number of persons employed and hours worked by economic activity and occupational status (self-employed and employees).

The statistics on the number of persons employed and hours worked by economic activity and occupational status (self-employed and employees) are presented on the basis of the NACE Rev.2 classification system. and the methodology for calculating employment in national accounts based on the European System of Accounts 2010 (ESA 2010).

Source of data

For the extraction of data, quarterly data are used from the following sources.

- Employment and Vacancy Survey,

- Labour Force Survey,

- Employment (in persons) from the Social Security Register,

- General Accounting Office of the Republic.

For more information, interested parties can visit theStatistics Portal, under National Accounts, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Ms. Dimitriou Stavroula: Tel:+35722602205, Tel: sdemetriou@cystat.mof.gov.cy

The 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.

(EAT/GC)
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