01.07.2022
According to a report published this week by the Statistical Office of Cyprus (Cystat), the average gross monthly earnings of employees in the first quarter of 2022 was 2019 euros, compared to 1891 euros in the first quarter of 2021. This represents a 6.8% increase in gross monthly earnings compared to last year.
The service noted that in the first quarter of 2021, measures taken by the Department of Labor to combat the coronavirus pandemic resulted in below-average gross monthly wages.
The reason for this is that the figures only take into account wages paid by the employer, and not additional funds provided by the ministry.
In addition, the average gross monthly earnings in the first quarter of 2022 are seasonally adjusted at €2,114. This reflects a 1% increase from the previous quarter.
The average gross monthly earnings of men in the first quarter of 2022 was 2,150 euros and that of women was 1,856 euros.
These figures represent an increase of 5.1% and 9% respectively compared to the same period of the previous year.
Average gross monthly earnings for the first quarter of 2022 are seasonally adjusted at €2,266 for men and €1,924 for women, reflecting an increase of 0.9% qoq for both groups.
