Cyprus records 3% increase in average monthly wages for Q2 2026

According to preliminary data released by the Statistical Service of Cyprus, average gross monthly earnings for employees in the country reached €2,548 in the second quarter of 2026. This reflects a 3.0% increase compared to the same period in 2025, when the average stood at €2,475. When adjusted for seasonal fluctuations, the figures show a 0.6% rise compared to the first quarter of 2026.

The wage data highlights a persistent disparity between genders. Average monthly earnings for men rose by 2.1% to reach €2,708, while women saw a higher annual growth rate of 4.1%, reaching €2,345. Despite this, a notable wage gap remains. Regarding income distribution, the largest segment of the workforce, approximately 41.4%, falls within the €1,500 to €2,999 monthly bracket. Statistics indicate that the concentration of employees within specific salary categories varies significantly based on nationality, with one-third of all employees earning up to €1,500 monthly.

These figures serve as the latest official assessment of the labor market's trajectory, illustrating a modest upward trend in salaries. The Statistical Service continues to monitor these indicators as part of ongoing national economic reporting requirements.