Cyprus’ average salary in 2023 below EU average
The average annual salary in Cyprus in 2023 was lower than the EU average, according to data released by Eurostat on Thursday.
Last year the average annual full-time adjusted salary for employees in the EU was €37,900, a 6.5 per cent increase from €35,600 in 2022.
By comparison, in Cyprus the average full-time salary in 2023 came to €26,400 – up from €25,300 in 2022.
Among the EU countries, the highest average salary was recorded in Luxembourg (€81,100), followed by Denmark (€67,600) and Ireland (€58,700).
The lowest average salaries were recorded in Bulgaria (€13,500), Hungary (€16,900) and Greece (€17,000).