Based on provisional data, the average gross monthly earnings of employees during the third quarter of 2024 amounted to €2.351 compared to €2.230 during the third quarter of 2023, i.e. an increase of 5,4% is observed.
For the third quarter of 2024, there is an increase in seasonally adjusted average gross monthly earnings compared to the second quarter of 2024, of 1,3%.
Note: From the 1st quarter of 2024 onwards, data are provisional.
The average gross monthly earnings of male employees during the third quarter of 2024 are estimated at €2.526 and of female employees at €2.133. Compared to the third quarter of 2023, the average gross monthly earnings of male and female employees recorded an increase of 5,4% and 5,5% respectively.
| Table 1 | ||||
| Gender |
Average Monthly Earnings (€) |
Percentage Change (%) |
||
|
Unadjusted |
Seasonally adjusted |
To the same quarter of the previous year (unadjusted earnings) |
To the previous quarter (seasonally adjusted earnings) |
|
| Total | ||||
|
3rd Quarter 2024 |
2.351 |
2.506 |
5,4 |
1,3 |
|
2nd Quarter 2024 |
2.398 |
2.474 |
6,0 |
1,5 |
|
3rd Quarter 2023 |
2.230 |
2.378 |
6,5 |
1,4 |
| Males | ||||
|
3rd Quarter 2024 |
2.526 |
2.693 |
5,4 |
1,2 |
|
2nd Quarter 2024 |
2.605 |
2.660 |
6,4 |
1,7 |
|
3rd Quarter 2023 |
2.396 |
2.554 |
6,4 |
1,3 |
| Females |
|
|
|
|
|
3rd Quarter 2024 |
2.133 |
2.272 |
5,5 |
1,3 |
|
2nd Quarter 2024 |
2.141 |
2.243 |
5,6 |
1,4 |
|
3rd Quarter 2023 |
2.022 |
2.157 |
6,5 |
1,5 |
| Note: Due to the rounding of earnings, the calculation of the change may differ from the percentage change presented in the table. | ||||
The distribution by gender of Cypriot and non-Cypriot employees by group of gross monthly earnings during the first three quarters of 2024 (preliminary data), is as follows:
| Table 2 | ||||
|
Gross Monthly Earnings |
Distribution of Employees |
|||
|
Total |
Cypriots |
Non-Cypriots |
||
| Total |
|
|
|
|
|
<€1.500 |
40% |
34% |
52% |
|
|
€1.500-€2.999 |
39% |
43% |
30% |
|
|
€3.000-€4.499 |
12% |
15% |
7% |
|
|
€4.500-€5.999 |
6% |
6% |
5% |
|
|
>=€6.000 |
4% |
3% |
7% |
|
| Males |
|
|
|
|
|
<€1.500 |
36% |
29% |
48% |
|
|
€1.500-€2.999 |
41% |
46% |
31% |
|
|
€3.000-€4.499 |
12% |
15% |
7% |
|
|
€4.500-€5.999 |
6% |
6% |
5% |
|
|
>=€6.000 |
6% |
4% |
9% |
|
| Females |
|
|
|
|
|
<€1.500 |
44% |
39% |
57% |
|
|
€1.500-€2.999 |
36% |
39% |
28% |
|
|
€3.000-€4.499 |
12% |
14% |
7% |
|
|
€4.500-€5.999 |
5% |
6% |
4% |
|
|
>=€6.000 |
2% |
2% |
4% |
|