CY · 2023 · tesem170
Nominal unit labour cost growth
Cyprus, 2023
Nominal unit labour cost growth
8.60
Cyprus, 2023
▲ 218.5% vs 2022 (2.70)
Analysis
In 2023, Cyprus's nominal unit labour cost growth increased by 218.5% compared to 2022, reaching 8.60.
Cyprus accounts for 126.5% of the EU-27 total of 6.80.
Cyprus ranks 13th out of 26 EU member states with reported data — in the top half of the distribution.
Over the past five years, the indicator has grown by 437.5% (from 1.60 in 2018).
Source: Eurostat dataset tesem170, accessed via the eupublicdata pipeline.
Rank in EU-27 · 2023
#13 of 26
% of EU-27 total · 2023
126.5%
EU-27: 6.80
Cyprus timeline (last 15 years)
2005 2025
Source:
Eurostat · tesem170