Public sector wage premium in Cyprus

Cyprus: Public sector wage premium was 0.2236 compared to formal wage employees in 2018. ▼ Falling

Latest (2018)
0.2236 compared to formal wage employees
Change on year
down 9.7%
World rank
12th
of 54 countries
All-time high
0.4829 compared to formal wage employees
in 2014
All-time low
0.2236 compared to formal wage employees
in 2018
Years of data
14
2005–2018

Public sector wage premium in Cyprus, 2005–2018

00.10.20.30.40.52005201120182005: 0.335 compared to formal wage employees2006: 0.322 compared to formal wage employees2007: 0.298 compared to formal wage employees2008: 0.282 compared to formal wage employees2009: 0.322 compared to formal wage employees2010: 0.312 compared to formal wage employees2011: 0.348 compared to formal wage employees2012: 0.401 compared to formal wage employees2013: 0.382 compared to formal wage employees2014: 0.483 compared to formal wage employees2015: 0.423 compared to formal wage employees2016: 0.247 compared to formal wage employees2017: 0.248 compared to formal wage employees2018: 0.224 compared to formal wage employees

Source: World Bank. Measured in compared to formal wage employees.

Analysis

Cyprus recorded 0.2236 compared to formal wage employees for public sector wage premium in 2018. That is the lowest value across all 14 years on record.

The figure is down 9.7% on the previous year and down 20.8% over ten years.

Over the whole period, public sector wage premium in Cyprus peaked at 0.4829 compared to formal wage employees in 2014 and was at its lowest, 0.2236 compared to formal wage employees, in 2018.

That places Cyprus 12th out of 54 countries with data for 2018, putting it in the top quarter.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3118 compared to formal wage employees 0.2824 compared to formal wage employees 0.3351 compared to formal wage employees 5
2010s 0.3407 compared to formal wage employees 0.2236 compared to formal wage employees 0.4829 compared to formal wage employees 9

Countries ranked near Cyprus

  1. 9 Panama 0.2791 compared to formal wage employees compare
  2. 10 Tanzania 0.2601 compared to formal wage employees compare
  3. 11 Sri Lanka 0.2278 compared to formal wage employees compare
  4. 13 Spain 0.2161 compared to formal wage employees compare
  5. 14 Pakistan 0.1973 compared to formal wage employees compare
  6. 15 Brazil 0.1971 compared to formal wage employees compare

See the full ranking of 54 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is public sector wage premium in Cyprus?
Public sector wage premium in Cyprus was 0.2236 compared to formal wage employees in 2018, according to the World Bank.
What is the highest public sector wage premium recorded in Cyprus?
The highest recorded value was 0.4829 compared to formal wage employees in 2014.
What is the lowest public sector wage premium recorded in Cyprus?
The lowest recorded value was 0.2236 compared to formal wage employees in 2018.
How does Cyprus rank for public sector wage premium?
Cyprus ranks 12th out of 54 countries with data for 2018.
Is public sector wage premium rising or falling in Cyprus?
Over the last ten years it is down 20.8%. The long-run trend across the full record is falling.
Where does this Cyprus data come from?
The figures come from the World Bank, published as part of Public sector wage premium (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Public sector wage premium (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
54 places, 658 data points, 2000–2021
Last refreshed