Compensation of employees in Cyprus
Cyprus: Compensation of employees was 27.4% in 2023. ▼ Falling
Compensation of employees in Cyprus, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Cyprus recorded 27.4% for compensation of employees in 2023.
That represents a change of down 1.4% on the previous year and down 8.7% over ten years.
Over the whole period, compensation of employees in Cyprus peaked at 44.9% in 1972 and was at its lowest, 24.5%, in 2014.
That places Cyprus 69th out of 155 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Compensation of employees in Cyprus, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 44.9% | — |
| 1973 | 40.9% | -8.7% |
| 1974 | 39.8% | -2.8% |
| 1975 | 40.2% | +1.0% |
| 1976 | 38.8% | -3.5% |
| 1977 | 38.3% | -1.2% |
| 1978 | 37.7% | -1.6% |
| 1979 | 41.0% | +8.8% |
| 1980 | 39.0% | -4.9% |
| 1981 | 39.8% | +2.1% |
| 1982 | 39.1% | -1.8% |
| 1983 | 35.5% | -9.2% |
| 1984 | 37.5% | +5.8% |
| 1985 | 36.3% | -3.3% |
| 1986 | 38.9% | +7.0% |
| 1987 | 36.0% | -7.3% |
| 1988 | 34.0% | -5.6% |
| 1989 | 32.7% | -3.7% |
| 1990 | 30.7% | -6.3% |
| 1991 | 31.3% | +2.2% |
| 1992 | 30.3% | -3.5% |
| 1993 | 31.9% | +5.3% |
| 1994 | 32.5% | +2.1% |
| 1995 | 38.6% | +18.6% |
| 1996 | 39.0% | +1.1% |
| 1997 | 38.5% | -1.5% |
| 1998 | 35.4% | -8.0% |
| 1999 | 35.8% | +1.2% |
| 2000 | 35.4% | -1.1% |
| 2001 | 33.8% | -4.4% |
| 2002 | 33.4% | -1.1% |
| 2003 | 34.2% | +2.2% |
| 2004 | 34.2% | +0.2% |
| 2005 | 32.9% | -3.9% |
| 2006 | 33.3% | +1.1% |
| 2007 | 33.2% | -0.3% |
| 2008 | 32.6% | -1.8% |
| 2009 | 33.7% | +3.5% |
| 2010 | 32.9% | -2.5% |
| 2011 | 32.5% | -1.1% |
| 2012 | 26.0% | -19.8% |
| 2013 | 30.0% | +15.4% |
| 2014 | 24.5% | -18.6% |
| 2015 | 28.5% | +16.3% |
| 2016 | 29.2% | +2.6% |
| 2017 | 29.5% | +1.1% |
| 2018 | 26.4% | -10.6% |
| 2019 | 28.4% | +7.4% |
| 2020 | 27.9% | -1.7% |
| 2021 | 27.1% | -2.9% |
| 2022 | 27.8% | +2.8% |
| 2023 | 27.4% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.2% | 37.7% | 44.9% | 8 |
| 1980s | 36.9% | 32.7% | 39.8% | 10 |
| 1990s | 34.4% | 30.3% | 39.0% | 10 |
| 2000s | 33.7% | 32.6% | 35.4% | 10 |
| 2010s | 28.8% | 24.5% | 32.9% | 10 |
| 2020s | 27.5% | 27.1% | 27.9% | 4 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 115.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 440.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.03 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 598.19 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,190 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is compensation of employees in Cyprus?
- Compensation of employees in Cyprus was 27.4% in 2023, 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 44.9% in 1972.
- What is the lowest compensation of employees recorded in Cyprus?
- The lowest recorded value was 24.5% in 2014.
- How does Cyprus rank for compensation of employees?
- Cyprus ranks 69th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Cyprus?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.