Unemployment Rate in Cyprus increased to 7.10 percent in March from 6.80 percent in February of 2021. source: EUROSTAT

Unemployment Rate in Cyprus averaged 7.81 percent from 2000 until 2021, reaching an all time high of 16.50 percent in March of 2014 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. Cyprus Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Unemployment Rate in Cyprus is expected to be 11.90 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 10.00 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 9.50 percent in 2022 and 7.90 percent in 2023, according to our econometric models.

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Cyprus Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.10 6.80 16.50 3.00 2000 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-01 10:00 AM Dec 7.3% 7.8% 8.2%
2021-03-04 10:00 AM Jan 6.8% 7.3% 7.5%
2021-04-06 09:00 AM Feb 6.8% 6.8% 7%
2021-04-30 09:00 AM Mar 7.1% 6.8% 7%
2021-06-01 09:00 AM Apr
2021-07-01 09:00 AM May
2021-07-30 09:00 AM Jun
2021-09-01 09:00 AM Jul

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 21.30 21.30 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 [+]


Cyprus Unemployment Rate
In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.