Labor Force Participation Rate in Cyprus increased to 62.90 percent in the third quarter of 2020 from 62.20 percent in the second quarter of 2020. source: Statistical Service of the Republic of Cyprus

Labor Force Participation Rate in Cyprus averaged 62.97 percent from 1999 until 2020, reaching an all time high of 64.70 percent in the third quarter of 2007 and a record low of 55.50 percent in the second quarter of 1999. This page provides - Cyprus Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.

Labor Force Participation Rate in Cyprus is expected to be 62.15 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Cyprus to stand at 62.18 in 12 months time. In the long-term, the Cyprus Labor Force Participation Rate is projected to trend around 62.21 percent in 2021, according to our econometric models.

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Cyprus Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.90 62.20 64.70 55.50 1999 - 2020 percent Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.80 16.50 3.00 percent [+]
Employed Persons 417.40 416.50 417.40 135.00 Thousand [+]
Unemployed Persons 36677.00 37234.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 1.80 7.80 0.40 percent [+]
Youth Unemployment Rate 18.70 18.70 41.10 7.80 percent [+]
Labour Costs 116.85 94.72 126.56 65.45 points [+]
Job Vacancies 7141.00 6944.00 16194.00 2137.00 [+]
Wages 2267.00 1914.00 2296.00 1360.00 EUR/Month [+]
Population 0.89 0.88 0.89 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 0.40 2.40 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.90 62.20 64.70 55.50 percent [+]
Productivity 107.60 104.00 107.60 76.00 points [+]
Part Time Employment 41.80 37.30 50.00 15.80 Thousand [+]
Employment Change -0.40 -0.90 2.40 -2.10 percent [+]
Employment Rate 69.90 69.70 71.50 60.90 percent [+]
Full Time Employment 364.80 364.80 367.30 257.80 Thousand [+]