CY · 2024 · tesem170
Nominal unit labour cost growth
Cyprus, 2024
Nominal unit labour cost growth
1.60
Cyprus, 2024
▼ 81.4% vs 2023 (8.60)
Analysis
In 2024, Cyprus's nominal unit labour cost growth decreased by 81.4% compared to 2023, reaching 1.60.
Cyprus accounts for 32.0% of the EU-27 total of 5.00.
Cyprus ranks 25th out of 27 EU member states with reported data — in the bottom half of the distribution.
Over the past five years, the indicator has fallen by 64.4% (from 4.50 in 2019).
Source: Eurostat dataset tesem170, accessed via the eupublicdata pipeline.
Rank in EU-27 · 2024
#25 of 27
% of EU-27 total · 2024
32.0%
EU-27: 5.00
Cyprus timeline (last 15 years)
2005 2025
Source:
Eurostat · tesem170