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The average gross monthly remuneration of employees for 2022 was €2,202. In nominal terms, average gross monthly earnings have increased by 7.1% compared to the previous year. In real terms (deflated by the Consumer Price Index) average gross monthly earnings have decreased by 1.2%. Median gross monthly earnings of employees were €1,701.
The graph below shows the time series for average and median gross monthly earnings from 2010 to 2022.
The average gross monthly earnings by economic activity, as shown in the table below, range between €918 in the Agriculture, hunting and forestry sector and €4,011 in the Financial and insurance activities sector.
| Table |
[TR] [TD]
Nace Rev.2
[/TD] [TD]Economic Activity
[/TD] [TD]Average monthly earnings (€)
[/TD] [/TR] [TR] [TD]A
[/TD] [TD]Agriculture, Forestry and fishing
[/TD] [/TD] [TD]918
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]Mining and quarrying
[/TD] [TD]2.957
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]1.694
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, gas, steam and air conditioning
[/TD] [TD]3.171
[/TD] [/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Remediation Activities
[/TD] [/TD] [TD]1.928
[/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]1.675
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]1.612
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and storage
[/TD] [TD]2.511
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]1.413
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Information and Communication
[/TD] [TD]3.406
[/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]4.011
[/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [TD]1.986
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [TD]2.635
[/TD] [/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and support activities
[/TD] [TD]1.979
[/TD] [/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [TD]2.960
[/TD] [/TR] [TR] [TD] [/TD] [TD]- Government
[/TD] [TD]3.067
[/TD] [/TR] [TR] [TD] [/TD] [TD]- Other
[/TD] [TD]2,300
[/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]2.081
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]1.848
[/TD] [/TR] [TR] [TD]R
[/TD] [TD]Arts, Entertainment and Recreation
[/TD] [TD]2.041
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Service Activities
[/TD] [TD]1.570
[/TD] [/TR] [TR] [TD] [/TD] [TD]Total
[/TD] [TD]2.202
[/TD] [/TR] [/TR]
The graph below shows the percentage distribution of employees by group of gross monthly earnings. The highest percentage of employees (15.4%) corresponds to the group of employees receiving between €1,000 and €1,249.
Methodological information
Identity
Average monthly remuneration is calculated by dividing total gross remuneration, before deducting any contributions to compulsory social security funds, by the total number of employees receiving such remuneration. The source of the data is the file of the Social Security Services. The results are published annually.
Data coverage
All economic activities are covered, 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. Excludes persons with earnings less than the threshold defined by Statistics Canada 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 allowable earnings threshold is revised each year, depending on the level of the minimum wage according to the Minimum Wage Decree.
Definitions
Employees' Remuneration includes the basic salary, the indexed allowance, overtime pay, the Leave Fund, any allowances received by the employees during the reporting period, as well as retroactive payments. The allowances include both fixed and non-fixed payments (13th salary, 14th salary, bonuses, etc.)
For more information, interested parties can visit the Statistics Service Portal, under Labour Costs and Earnings, CYSTAT-DB (Database), Methodological Information, or contact Ms. Fani Lagou at tel. 22602115 or at plagou@cystat.mof.gov.cy.
Note that the Predefined Tables in Excel format include data up to 2020. For data from 2021 onwards, the update is done only in the CYSTAT-DB Database.
(MB/EXP)
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