Hourly labour costs by NACE Rev. 1.1 activity in Cyprus
Cyprus: Hourly labour costs by NACE Rev. 1.1 activity was 14.56 in 2008. ▲ Rising
Hourly labour costs by NACE Rev. 1.1 activity in Cyprus, 1996–2008
Source: Eurostat.
Analysis
The most recent figure for hourly labour costs by nace rev. 1.1 activity in Cyprus is 14.56, measured in 2008. That is the highest value across all 13 years on record.
The figure is up 7.1% on the previous year and up 63.8% over ten years.
Over the whole period, hourly labour costs by nace rev. 1.1 activity in Cyprus peaked at 14.56 in 2008 and was at its lowest, 7.79, in 1996.
That places Cyprus 10th out of 28 countries with data for 2008, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Hourly labour costs by NACE Rev. 1.1 activity in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 7.79 | — |
| 1997 | 8.48 | +8.9% |
| 1998 | 8.89 | +4.8% |
| 1999 | 9.16 | +3.0% |
| 2000 | 9.74 | +6.3% |
| 2001 | 10.14 | +4.1% |
| 2002 | 10.74 | +5.9% |
| 2003 | 11.42 | +6.3% |
| 2004 | 12.03 | +5.3% |
| 2005 | 12.7 | +5.6% |
| 2006 | 13.13 | +3.4% |
| 2007 | 13.59 | +3.5% |
| 2008 | 14.56 | +7.1% |
Cyprus compared with similar countries
- Cyprus's 14.56 is above the median for Europe & Central Asia, which is 12.84, 1.1× the median. (20 countries reporting)
- Cyprus's 14.56 is above the median for high income countries, which is 12.71, 1.1× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.58 | 7.79 | 9.16 | 4 |
| 2000s | 12.01 | 9.74 | 14.56 | 9 |
Countries ranked near Cyprus
More work & labour data for Cyprus
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.3415 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.3363 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.3471 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.03 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.6588 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 1,030 1000 No (2050)
- Population - Est. & Proj. — Rural population 353.01 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 631.64 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 643.71 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 1,275 1000 No (2100)
Frequently asked questions
- What is hourly labour costs by nace rev. 1.1 activity in Cyprus?
- Hourly labour costs by nace rev. 1.1 activity in Cyprus was 14.56 in 2008, according to Eurostat.
- What is the highest hourly labour costs by nace rev. 1.1 activity recorded in Cyprus?
- The highest recorded value was 14.56 in 2008.
- What is the lowest hourly labour costs by nace rev. 1.1 activity recorded in Cyprus?
- The lowest recorded value was 7.79 in 1996.
- How does Cyprus rank for hourly labour costs by nace rev. 1.1 activity?
- Cyprus ranks 10th out of 28 countries with data for 2008.
- Is hourly labour costs by nace rev. 1.1 activity rising or falling in Cyprus?
- Over the last ten years it is up 63.8%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Hourly labour costs by NACE Rev. 1.1 activity. Statizoid updates them automatically from the source API.
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