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Compared with 2020, the average monthly total income of employees increased by 3.2%, reaching 2,067 euros, reaching the highest level in ten years.
According to a press release from the Cyprus Bureau of Statistics, the average monthly total revenue increased by 3.2% from the previous year. Calculated by actual value (reduced using consumer price index ), the increase was 0.7%. The total monthly income of employees is median , 1,614 euros.
Employees earned more than 2012 levels in the year before the Cyprus financial crisis, when the average total wage was 1,988 euros and the median total monthly salary was 1,611 euros. Earnings have been on a downward trend since 2013 and have begun to rebound in 2017.
Average total monthly income by economic activity sector is 913 euros in the agriculture, hunting and forestry sector and 3,697 euros in the financial and insurance activities sector.
Regarding the distribution of employee percentages by total monthly income and gender, the highest percentage of employees with incomes between 1000 and 1249 euros (14.5%).
The average monthly income of an employee is calculated by dividing the total income before deducting any mandatory social security contributions by the total number of employees receiving compensation. The data source is the record of the social insurance service. The results are announced once a year.
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