Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data.
The average hourly labour cost in Cyprus in 2024 rose to €21, marking a €1 increase from €20 in 2023.
This growth is part of a broader upward trend observed since 2008, with Cyprus’ labour costs climbing by 25.74 per cent from €16.7.
Despite this increase, these costs are still
