Labour cost index by NACE Rev. 2 activity - country weights in Cyprus
Cyprus: Labour cost index by NACE Rev. 2 activity - country weights was 2 in 2024. ▲ Rising
Labour cost index by NACE Rev. 2 activity - country weights in Cyprus, 2008–2024
Source: Eurostat.
Analysis
The most recent figure for labour cost index by nace rev. 2 activity - country weights in Cyprus is 2, measured in 2024. That is the highest value across all 17 years on record.
That represents a change of up 5.3% on the previous year and up 33.3% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - country weights in Cyprus peaked at 2 in 2024 and was at its lowest, 1.5, in 2014.
That places Cyprus 40th out of 42 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Labour cost index by NACE Rev. 2 activity - country weights in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 1.7 | — |
| 2009 | 1.8 | +5.9% |
| 2010 | 1.9 | +5.6% |
| 2011 | 1.8 | -5.3% |
| 2012 | 1.8 | +0.0% |
| 2013 | 1.6 | -11.1% |
| 2014 | 1.5 | -6.3% |
| 2015 | 1.5 | +0.0% |
| 2016 | 1.5 | +0.0% |
| 2017 | 1.6 | +6.7% |
| 2018 | 1.6 | +0.0% |
| 2019 | 1.7 | +6.2% |
| 2020 | 1.7 | +0.0% |
| 2021 | 1.8 | +5.9% |
| 2022 | 1.9 | +5.6% |
| 2023 | 1.9 | +0.0% |
| 2024 | 2 | +5.3% |
Cyprus compared with similar countries
- Cyprus's 2 is below the median for Europe & Central Asia, which is 13.1, 15% of the median. (29 countries reporting)
- Cyprus's 2 is below the median for high income countries, which is 12.6, 16% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.75 | 1.7 | 1.8 | 2 |
| 2010s | 1.65 | 1.5 | 1.9 | 10 |
| 2020s | 1.86 | 1.7 | 2 | 5 |
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 labour cost index by nace rev. 2 activity - country weights in Cyprus?
- Labour cost index by nace rev. 2 activity - country weights in Cyprus was 2 in 2024, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - country weights recorded in Cyprus?
- The highest recorded value was 2 in 2024.
- What is the lowest labour cost index by nace rev. 2 activity - country weights recorded in Cyprus?
- The lowest recorded value was 1.5 in 2014.
- How does Cyprus rank for labour cost index by nace rev. 2 activity - country weights?
- Cyprus ranks 40th out of 42 countries with data for 2024.
- Is labour cost index by nace rev. 2 activity - country weights rising or falling in Cyprus?
- Over the last ten years it is up 33.3%. 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 Labour cost index by NACE Rev. 2 activity - country weights. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).