An eye-opening statistic on the earning trends in Cyprus has revealed that the average Cypriot employee earns 1,827 euros every month.
According to provisional statistics put forward by the Cyprus Statistical Service (Cystat), the figure has increased by over 3.1 percent from last year’s 1,772 euros.
According to Cystat, the data used to calculate the statistic comes from transactions made in the third quarter of the year. Given that payments at this time includes payments made to employees of Cyprus Cooperative Bank at its closure, the increase is more than the expectation.
Cystat further revealed that average monthly earnings with seasonal adjustment for the third quarter of 2018 stood at 1,950 euros, an increase of over 1.6 percent over the second quarters average of 1,920 euros.
Also revealed was the gender-wise breakdown of average monthly earnings – while the average earned by male employees for the third quarter of 2018 was 1,960 euros, that of female employees was considerably less at 1,666 euros. Compared to last year, there has been an increase of 2.8 percent and 3.3 percent respectively.