{"entity":{"iso2":"CY","iso3":"CYP","name":"Cyprus","slug":"cyprus"},"indicator":{"licence":"CC BY 4.0 (Eurostat)","slug":"tax-rate-on-low-wage-earners-tax-wedge-on-labour-costs","source":"Eurostat","source_url":"https://ec.europa.eu/eurostat/databrowser/view/earn_nt_taxwedge","title":"Tax rate on low wage earners - tax wedge on labour costs","unit":"Rate"},"observations":[{"date":"2005-01-01","value":11.9},{"date":"2006-01-01","value":11.9},{"date":"2007-01-01","value":11.9},{"date":"2014-01-01","value":17.3},{"date":"2017-01-01","value":17.3},{"date":"2018-01-01","value":17.3},{"date":"2019-01-01","value":18.1},{"date":"2020-01-01","value":21.0},{"date":"2021-01-01","value":22.5},{"date":"2022-01-01","value":22.5},{"date":"2023-01-01","value":22.5},{"date":"2024-01-01","value":23.3},{"date":"2025-01-01","value":23.3}],"summary":{"latest_period":"2025-01-01","latest_value":23.3,"max":23.3,"mean":18.5231,"min":11.9,"of":44,"rank":42,"trend":"rising"}}