Unemployment Rate in Cyprus decreased to 7.60 percent in December from 7.70 percent in November of 2019. Cyprus Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Unemployment Rate in Cyprus averaged 7.85 percent from 2000 until 2019, reaching an all time high of 16.80 percent in October of 2013 and a record low of 3 percent in March of 2002. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Unemployment Rate in Cyprus is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Cyprus to stand at 6.90 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 6.00 percent in 2021, according to our econometric models.