Insider Economy Cyprus ranked 15th in EU for average hourly wages

Cyprus ranked 15th in EU for average hourly wages

Cyprus ranks 15th among the EU-28 for its average hourly compensation of employees, a Eurostat report shows.

In 2016, the average rate of compensation of employees in Cyprus, in terms of wages, salaries and employers’ social contributions was €14 per hour.

The corresponding average across the EU as a whole in 2016 was €23 per hour.

The highest average rate of compensation was in Luxembourg, where employees got €43.9 per working hour, the second highest was in Denmark (€38.9 per hour) and the third highest was in Belgium (€38 per hour).

Residents of Bulgaria received the lowest average rate of compensation in 2016 (€4.7 per hour), followed by residents of Romania (€5.1 per hour) and Poland (€6.3 per hour).

Regions

In 2016, the average rate of compensation of employees in the European Union (EU), in terms of wages, salaries and employers’ social contributions, ranged from €44 per hour worked, in the Brussels city region and in Luxembourg, to below €4 per hour worked in three regions in Bulgaria (Severen tsentralen, Severozapaden and Yuzhen tsentralen) and the Nord-Est region of Romania.

Hourly compensation per employee was often highest in the capital region of EU Member States. Exceptions to this were in Germany (Oberbayern), the United Kingdom (Inner London West), Italy (Provincia Autonoma di Bolzano/Bozen), Spain (País Vasco) and Greece (Dytiki Makedonia).

The source data are here: compensation of employeeshours worked and national data.  Figures on the separate components of the compensation of employees are not available.

For more information:

Top Stories

126 new cases, two deaths announced on Monday

The Health Ministry announced the death of two persons due to COVID-19. This raises the death toll from the virus in Cyprus to 188,...

Where to get antigen rapid tests on Tuesday, 26 January

The Health Ministry announced the following antigen rapid test sites for Tuesday, 26 January 2021:   LIMASSOL Church of Panagia Chrysaifyliotissa, Agia Fyla 08:30-16:30 Church of Panagia Evangelistria,...

Cyprus government aims at gradual lifting of restrictive measures

The Cyprus government aims at the gradual lifting of restrictive measures against the spread of COVID-19 in the context of a concrete plan, with...

Shot flamingo found in Paralimni lake

Birdlife Cyprus announced that a flamingo was found wounded in the Lake of Paralimni. Members managed to save the bird and take it to a...

Epidemiologists agree to include colchicine in treatment protocol

The scientific team of the Health Ministry is ready to include colchicine in the treatment protocol to face COVID-19, Konstantinos Tsioutis, assistant professor of...

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...