CYPRUS: Average monthly earnings increase 2.5% Q1 2019

Average gross monthly earnings of employees in Cyprus during Q1 2019 increased 2.5% to €1,898 from €1,852 in Q1 2018.

When seasonally adjusted average gross monthly earnings during Q1 2019 are estimated at €1,956 from €1,945 in Q4 2018, an increase of 0.5%.

There is also a gender pay gap as average gross monthly earnings of male employees during Q1 2019 are estimated at €2,031 while female employees receive a lower €1,735.

Compared to Q1 2018, the average gross monthly earnings of male employees recorded an increase of 2.3% while that of female employees went up 2.6%. 

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

The average is calculated by dividing the total gross earnings before any deductions for compulsory social security contributions, by the total number of employees who received remuneration.