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Average monthly earnings €2.067

 The average gross monthly earnings of employees for 2021 were €2.067. In monetary terms, the average gross monthly earnings have increased by 3,2% compared to the previous year. In real terms (deflating using the Consumer Price Index) the increase is 0,7%. Median gross monthly earnings of employees were €1.614.

The graph that follows shows the time series of the average and median gross monthly earnings from 2010 to 2021.

The average gross monthly earnings by branch of economic activity, as shown in the table below, range from €913 in the Agriculture, Hunting and Forestry sector and €3,697 in the Financial and Insurance Activities sector.

Regarding the percentage distribution of employees by monthly gross earnings and sex, the highest percentage (14,5%) is observed among employees who receive between 1000 and 1249 euro. Gross earnings’ distribution is skewed to the right; that is, most of the observations lie on the right side of the peak.

Methodological Information

Identity

The Average monthly earnings of employees are calculated by dividing the total gross earnings before any deductions for compulsory social security contributions, by the total number of employees who received remuneration. The data source is the records of the Social Insurance Services. The results are published on an annual basis.

Data coverage

All sectors of economic activities according to the Statistical Classification of Economic Activities in the European Community (NACE Rev.2) are covered, except Section T: Activities of households as employers and Section U: Activities of extraterritorial organisations and bodies.

All employees recorded at the Social Insurance Services’ Records are covered. Persons with remuneration indicating that no regular work has been performed during the reference period are excluded from the data (e.g. persons who received arrear payments only, persons who worked for a limited number of hours, etc.). The minimum amount of earnings acceptable in order to be included in the data is revised every year, based on the level of the minimum wage according to the Minimum Wage Order.

Definitions

The Earnings of employees include the basic salary, the cost of living allowance, earnings for overtime, the Holiday Fund, any other allowances received by employees during the reference period and payments in arrears.

The temporary contributions of employees of the private sector (2012-2016) and officials and employees of the central government and the broad public sector (1/9/2011-31/12/2016) and the deductions in earnings of officials and employees of the central government and the broad public sector (since 01/12/2012), do not affect the gross salary of employees but only their net income. Consequently, they are not reflected in the figures above.

Exceptional methodological adjustment

Included in the calculations are, regardless of the amount of their earnings, employees who participated in the Special Schemes under the Employees’ Support Schemes to deal with the pandemic of the Ministry of Labour and Social Insurance, from April 2020 until October 2021.

It is clarified that, as regards these employees, the amount taken into account is the earnings paid by the employer and does not include any amount paid as an allowance by the Ministry of Labour and Social Insurance.

For more information:

CYSTAT Portal, subtheme Labour Cost and Earnings, CYSTAT-DB (Online Database), Methodological Information

The data included in the Predefined Tables in Excel format are available up to 2020. Data from 2021 onwards are available only on the CYSTAT-DB Online Database.

Contact information:

Phani Lagou: Tel: +35722602115, Email: plagou@cystat.mof.gov.cy

(NG/SCH)