Wage bill as a percentage of GDP in Cyprus
Cyprus: Wage bill as a percentage of GDP was 12.6% in 2022. ▼ Falling
Latest (2022)
12.6%
Change on year
down 1.6%
World rank
26th
of 191 countries
All-time high
14.6%
in 2012
All-time low
11.5%
in 2018
Years of data
23
2000–2022
Wage bill as a percentage of GDP in Cyprus, 2000–2022
Source: World Bank.
Analysis
In 2022, wage bill as a percentage of gdp in Cyprus stood at 12.6%.
Compared with earlier readings it is down 1.6% on the previous year and down 13.8% over ten years.
Over the whole period, wage bill as a percentage of gdp in Cyprus peaked at 14.6% in 2012 and was at its lowest, 11.5%, in 2018.
That places Cyprus 26th out of 191 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Wage bill as a percentage of GDP in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 12.8% | — |
| 2001 | 12.4% | -2.8% |
| 2002 | 12.9% | +3.6% |
| 2003 | 14.1% | +9.8% |
| 2004 | 13.7% | -3.1% |
| 2005 | 13.7% | +0.0% |
| 2006 | 13.7% | +0.1% |
| 2007 | 13.3% | -3.3% |
| 2008 | 13.2% | -0.7% |
| 2009 | 14.6% | +11.0% |
| 2010 | 14.2% | -2.5% |
| 2011 | 14.6% | +2.2% |
| 2012 | 14.6% | +0.5% |
| 2013 | 14.4% | -1.5% |
| 2014 | 13.4% | -7.0% |
| 2015 | 12.7% | -4.9% |
| 2016 | 12.0% | -6.0% |
| 2017 | 11.7% | -2.6% |
| 2018 | 11.5% | -1.6% |
| 2019 | 11.9% | +3.5% |
| 2020 | 13.4% | +12.8% |
| 2021 | 12.8% | -4.4% |
| 2022 | 12.6% | -1.6% |
Cyprus compared with similar countries
- Cyprus's 12.6% is above the median for high income countries, which is 10.0%, 1.3× the median. (64 countries reporting)
- Cyprus's 12.6% is above the median for Europe & Central Asia, which is 10.0%, 1.3× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.4% | 12.4% | 14.6% | 10 |
| 2010s | 13.1% | 11.5% | 14.6% | 10 |
| 2020s | 12.9% | 12.6% | 13.4% | 3 |
Countries ranked near Cyprus
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is wage bill as a percentage of gdp in Cyprus?
- Wage bill as a percentage of gdp in Cyprus was 12.6% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Cyprus?
- The highest recorded value was 14.6% in 2012.
- What is the lowest wage bill as a percentage of gdp recorded in Cyprus?
- The lowest recorded value was 11.5% in 2018.
- How does Cyprus rank for wage bill as a percentage of gdp?
- Cyprus ranks 26th out of 191 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Cyprus?
- Over the last ten years it is down 13.8%. 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 Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
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