articles | 29 September 2022

€100 increase in average gross monthly earnings in the second quarter of 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%.

The average gross monthly earnings of men during the second quarter of 2022 are estimated at €2,248 and for women at €1,879. Compared to the second quarter of 2021, the average gross monthly earnings of male and female employees recorded an increase of 4.8% and 5.3% respectively.

The average gross monthly earnings during the second quarter of 2022, seasonally adjusted, are estimated at €2,163 and compared to the first quarter of 2022 they are increased by 0.6%.

The Statistical Service notes that, during the first and second quarters of 2021, the Special Schemes of the Ministry of Labour and Social Insurance for dealing with the pandemic were in force, resulting in reduced average gross monthly earnings, since the amount taken into account is the earnings paid by the employer and does not include any amount paid as an allowance under the Schemes.

Source: Knews

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