Compensation of employees (current LCU) in Cyprus
Cyprus: Compensation of employees (current LCU) was 3.66 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Cyprus, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Cyprus stood at 3.66 billion current LCU. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 68.2% over ten years.
Over the whole period, compensation of employees in Cyprus peaked at 3.66 billion current LCU in 2024 and was at its lowest, 35.59 million current LCU, in 1972.
Cyprus ranks 130th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 35.59 million current LCU | — |
| 1973 | 43.43 million current LCU | +22.0% |
| 1974 | 49.94 million current LCU | +15.0% |
| 1975 | 53.29 million current LCU | +6.7% |
| 1976 | 57.24 million current LCU | +7.4% |
| 1977 | 64.60 million current LCU | +12.9% |
| 1978 | 77.42 million current LCU | +19.8% |
| 1979 | 99.22 million current LCU | +28.2% |
| 1980 | 124.11 million current LCU | +25.1% |
| 1981 | 153.23 million current LCU | +23.5% |
| 1982 | 183.06 million current LCU | +19.5% |
| 1983 | 210.48 million current LCU | +15.0% |
| 1984 | 228.65 million current LCU | +8.6% |
| 1985 | 250.10 million current LCU | +9.4% |
| 1986 | 268.57 million current LCU | +7.4% |
| 1987 | 299.91 million current LCU | +11.7% |
| 1988 | 321.17 million current LCU | +7.1% |
| 1989 | 346.86 million current LCU | +8.0% |
| 1990 | 395.06 million current LCU | +13.9% |
| 1991 | 435.47 million current LCU | +10.2% |
| 1992 | 475.95 million current LCU | +9.3% |
| 1993 | 523.69 million current LCU | +10.0% |
| 1994 | 605.41 million current LCU | +15.6% |
| 1995 | 843.30 million current LCU | +39.3% |
| 1996 | 925.20 million current LCU | +9.7% |
| 1997 | 1.00 billion current LCU | +8.4% |
| 1998 | 1.07 billion current LCU | +6.2% |
| 1999 | 1.14 billion current LCU | +7.2% |
| 2000 | 1.25 billion current LCU | +9.4% |
| 2001 | 1.31 billion current LCU | +4.9% |
| 2002 | 1.41 billion current LCU | +7.5% |
| 2003 | 1.71 billion current LCU | +21.3% |
| 2004 | 1.78 billion current LCU | +4.0% |
| 2005 | 1.88 billion current LCU | +5.8% |
| 2006 | 2.02 billion current LCU | +7.7% |
| 2007 | 2.17 billion current LCU | +7.1% |
| 2008 | 2.35 billion current LCU | +8.4% |
| 2009 | 2.57 billion current LCU | +9.3% |
| 2010 | 2.60 billion current LCU | +1.1% |
| 2011 | 2.70 billion current LCU | +4.0% |
| 2012 | 2.67 billion current LCU | -1.1% |
| 2013 | 2.43 billion current LCU | -8.9% |
| 2014 | 2.18 billion current LCU | -10.6% |
| 2015 | 2.13 billion current LCU | -2.1% |
| 2016 | 2.12 billion current LCU | -0.6% |
| 2017 | 2.21 billion current LCU | +4.3% |
| 2018 | 2.32 billion current LCU | +5.1% |
| 2019 | 2.55 billion current LCU | +10.0% |
| 2020 | 2.72 billion current LCU | +6.6% |
| 2021 | 2.83 billion current LCU | +3.8% |
| 2022 | 2.99 billion current LCU | +5.6% |
| 2023 | 3.42 billion current LCU | +14.7% |
| 2024 | 3.66 billion current LCU | +6.9% |
Cyprus compared with similar countries
- Cyprus's 3.66 billion current LCU is below the median for high income countries, which is 23.97 billion current LCU, 15% of the median. (57 countries reporting)
- Cyprus's 3.66 billion current LCU is below the median for Europe & Central Asia, which is 31.50 billion current LCU, 12% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +39.3% | 605.41 million current LCU | 843.30 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 60.09 million current LCU | 35.59 million current LCU | 99.22 million current LCU | 8 |
| 1980s | 238.61 million current LCU | 124.11 million current LCU | 346.86 million current LCU | 10 |
| 1990s | 741.52 million current LCU | 395.06 million current LCU | 1.14 billion current LCU | 10 |
| 2000s | 1.84 billion current LCU | 1.25 billion current LCU | 2.57 billion current LCU | 10 |
| 2010s | 2.39 billion current LCU | 2.12 billion current LCU | 2.70 billion current LCU | 10 |
| 2020s | 3.12 billion current LCU | 2.72 billion current LCU | 3.66 billion current LCU | 5 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- Arms imports 28.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 84.67 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0031 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.33 % change on previous year (2021)
Frequently asked questions
- What is compensation of employees in Cyprus?
- Compensation of employees in Cyprus was 3.66 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Cyprus?
- The highest recorded value was 3.66 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Cyprus?
- The lowest recorded value was 35.59 million current LCU in 1972.
- How does Cyprus rank for compensation of employees?
- Cyprus ranks 130th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Cyprus?
- Over the last ten years it is up 68.2%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.