The personnel costs of the food and beverage service industry in Cyprus increased by 41.3 million euros (+16.04 percent) in 2021. In total, the personnel costs amounted to 298.76 million euros in 2021. According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Find more statistics on the food and beverage service industry in Cyprus with key insights such as turnover and production value.
Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021
(in million euros)
The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs. Data coverage corresponds to code I56 of CE Rev 2.
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Eurostat. (March 22, 2024). Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021 (in million euros) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/
Eurostat. "Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021 (in million euros)." Chart. March 22, 2024. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/
Eurostat. (2024). Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021 (in million euros). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/
Eurostat. "Annual Personnel Costs of The Food and Beverage Service Activities Industry in Cyprus from 2012 to 2021 (in Million Euros)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/
Eurostat, Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021 (in million euros) Statista, https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/ (last visited November 12, 2024)
Annual personnel costs of the food and beverage service activities industry in Cyprus from 2012 to 2021 (in million euros) [Graph], Eurostat, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/410573/personnel-costs-food-beverage-service-cyprus/