Average Salary on Cyprus Climbs to 1,827 Euros



The average gross monthly earnings of working people in Cyprus stood at 1,827 euros ($2,078) for the third quarter of 2018, according to provisional data published by the country’s Statistical Service (Cystat) earlier this week.

This represents an increase of 3.1 percent from the third quarter of 2017, when earnings stood at 1,772 euros.

According to Kathimerini Cyprus, Cystat noted that “the data referring to the third quarter of 2018 include payments to the employees of the Cyprus Cooperative Bank at its closure and thus, the increase is higher than expected.”

The average monthly earnings during the third quarter of 2018, seasonally adjusted, are estimated to be 1,950 euros compared to 1,920 euros during the second quarter of 2018, an increase of 1.6 percent, the Statistical Service added.

The average monthly earnings of male employees during the third quarter of 2018 were estimated to be 1,960 euros; female employees earned an average of 1,666 euros. Compared to the third quarter of 2017, the average monthly earnings of male employees increased by 2.8 percent, and female employees by 3.3 percent.