News Local Cypriot women make average €300 less per month than men - CYStat...

Cypriot women make average €300 less per month than men – CYStat report

The average monthly earnings of female employees in Cyprus are estimated at €1,666, while those of men are at 1,960, a CYStat report showed.

Compared to the third quarter of 2017, the average monthly earnings of male employees recorded an increase of 2,8% and of female employees 3,3%.

Cystat said 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 gross monthly earnings of employees during the third quarter of 2018, amounted to €1.827 compared to €1.772 during the third quarter of 2017, i.e. an increase of 3,1%, Cyprus Statistical service report shows.

It is 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 at €1.950 compared to €1.920 during the second quarter of 2018, i.e. an increase of 1,6% is observed.

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 2018 1.827 1.950 3,1 1,6
2nd Quarter 2018 1.837 1.920 2,0 0,6
3rd Quarter 2017 1.772 1.894 0,9 0,4
Males
3rd Quarter 2018 1.960 2.090 2,8 1,6
2nd Quarter 2018 1.982 2.056 1,5 0,6
3rd Quarter 2017 1.906 2.037 0,5 0,2
Females
3rd Quarter 2018 1.666 1.780 3,3 1,3
2nd Quarter 2018 1.666 1.757 2,6 0,7
3rd Quarter 2017 1.612 1.725 1,1 0,5

METHODOLOGICAL INFORMATION

Definitions

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 temporary contributions of employees of the private sector (2012-2016) and officials and employees of the central government and the broad public sector (1/9/2011-31/12/2016) and the deductions in earnings of officials and employees of the central government and the broad public sector (since 01/12/2012), do not affect the gross salary of employees but only their net income. Consequently, they are not reflected in the figures above.

Seasonally adjusted average monthly earnings are the average monthly earnings of employees, after removing the seasonal effect from the data. The removal of the seasonal component from the data is performed, using appropriate statistical techniques. Seasonally adjusted data are used in the comparison of data of a specific time period, with other periods, such as the previous quarter, where the seasonal factor affects the data.

The Percentage Change – Compared to the same quarter of the previous year is the percentage change of average monthly earnings, comparing data of a specific quarter, with the corresponding quarter of the previous year. The comparison is made between corresponding time periods of different years. Therefore, there is no need to use the seasonally adjusted data, since the seasonal component is the same for the two periods.

The Percentage Change – Compared to the previous quarter (Seasonally adjusted earnings) is the percentage change of average monthly earnings, comparing data of a specific quarter, with the previous quarter. Due to the fact that the seasonal component is different between two consecutive quarters, it is necessary to use seasonally adjusted data for this comparison.

Coverage and collection of data

Coverage of employees

The data used for the calculation of the average monthly earnings, include data for all employees for whom social security contributions have been paid by the employer.

Exceptions to coverage:

  • Persons employed in private households (domestic assistants) are excluded from the data.
  • Persons with remuneration indicating that no regular work has been performed during the reference period are excluded from the data (e.g. persons who received arrear payments only, persons who worked for a limited number of hours, etc.). The minimum amount of earnings acceptable in order to be included in the data is revised every year, based on the average level of the minimum wage according to the Minimum Wage Order.

Top Stories

President Biden warns COVID to get worse before it gets better

Fewer than half of the nearly 38 million vaccine doses shipped to date by the federal government have actually made it into the arms...

Access to Troodos controlled by Police

The Police announced that on the basis of the Health Ministry decrees aiming to contain the outbreak of the pandemic, tomorrow Sunday, access to...

129 new cases, four deaths announced on Saturday

The Health Ministry announced the death of four persons due to COVID-19. This raises the death toll from the virus in Cyprus to 183,...

Crowding at Troodos; lots of fines by police

Lots of traffic was today seen at Troodos. In order to maintain order but also to monitor that people respected the measures aiming to...

Where to get antigen rapid tests on Sunday 24 January

The Health Ministry announced the following antigen rapid test sites for Sunday, 24 January 2021:   LIMASSOL Parking place Lidl supermarket, Limassol 08:30-16:30 Glafkos Clerides Park, Germasoyia 08:30-16:30 Municipal...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...