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Average gross monthly earnings up 6.2% annually in Q4, 2023

08:15 - 03 April 2024

Economy Reporter

The average gross monthly earnings of employees during the fourth quarter of 2023, amounted to €2,693 compared to €2,535 during the fourth quarter of 2022, recording an increase of 6.2%, according to provisional data published by CySTAT.

The average gross monthly earnings during the fourth quarter of 2023, seasonally adjusted, are estimated at €2,402 and compared to the third quarter of 2023 they are increased by 1.6%.

The average gross monthly earnings of male employees during the fourth quarter of 2023 are estimated at €2,884 and of female employees at €2,452.

Compared to the fourth quarter of 2022, the average gross monthly earnings of male and female employees recorded an increase of 6.7% and 5.5% respectively.

(Source" CNA)

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