articles | 29 June 2022

Average gross earnings increased by 6.8% in the first quarter of 2022

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, recording an increase of 6.8%, according to data published, on Wednesday, by the Cyprus Statistical Service.

The Statistical Service notes that, during the first quarter 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.

According to the data, the average gross monthly earnings during the first quarter of 2022, seasonally adjusted, are estimated at €2,114, an increase of 1% compared to the fourth quarter of 2021.

The average gross monthly earnings of male employees during the first quarter of 2022 are estimated at €2,150 and of female employees at €1,856, with an increase of 5.1% and 9% recorded respectively, in comparison to the same period of 2021.

The average gross monthly earnings, seasonally adjusted, are estimated at €2,266 for male employees and €1,924 for female employees, for the first quarter of 2022, which amounts to an increase of 0.9% for both genders, compared to the previous quarter.

Source: Knews

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