Average Monthly Earnings of Employees by Quarter


Print


METHODOLOGICAL INFORMATION
Description

The Average Monthly Earnings of Employees by quarter relates to the gross earnings of employees. The figures are derived from the Social Insurance Services’ Records and refer to employees only.

Method

Earnings data are obtained from the Social Insurance Services’ Records on a monthly basis and the data are compiled on a quarterly basis. The earnings of all employees in the Social Insurance Services’ Records (both full-time and part-time) are used in the compilation of the data. Average monthly 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 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. The data is expressed in the form of absolute figures (total earnings). The data covers all the economic activities except the activities of private households and extra-territorial organisations.

Data Coverage

All economic sectors except the activities of private households and extra-territorial organisations.

Frequency

Quarterly

Data Availability

The results are announcenced with Press Releases. Data are available since the first quarter of 2003 on CYSTATs website in the form of predefined tables.

Comparability Over Time

The data are comparable over time.

Principal Variables

Average monthly earnings by sex.

Classification Systems

 -

Legal Framework

There is no relevant legal act.

Last Update

06/07/2021

CONTACT DETAILS
Contact Name
Phani Lagou
Οrganisation Unit
Labour Cost and Earnings
Εmail Address
plagou@cystat.mof.gov.cy
Phone Number
22602115
















Contact Details
Michael Karaolis Str.
CY-1444, Lefkosia, Cyprus

T: +357 22602129
E: enquiries@cystat.mof.gov.cy
GovLogo
©2021 Republic of Cyprus, Statistical Service