Cyprus Labour Costs  Forecast


Cyprus Labour Costs
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Labour Costs in Cyprus is expected to be 91.06 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Cyprus to stand at 101.55 in 12 months time. In the long-term, the Cyprus Labour Costs is projected to trend around 98.72 Index Points in 2020, according to our econometric models.


Cyprus Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11 9.8 9.5 9.2 9 7.5
Employed Persons 367 355 359 363 368 365
Unemployed Persons 42526 39793 38677 40280 39393 39151
Long Term Unemployment Rate 4.9 4.83 4.81 4.79 4.77 4.61
Youth Unemployment Rate 24.9 24.68 24.57 24.46 24.36 23.59
Labour Costs 84.18 91.06 90.17 84.36 102 98.72
Wages 1747 1838 1806 1740 2280 2390
Population 0.85 0.86 0.86 0.86 0.86 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 61.4 61.19 61.16 61.13 61.1 60.96
Part Time Employment 45.1 46.45 45.9 45.8 45.9 45.28
Productivity 109 102 104 108 106 106
Wage Growth -0.1 0.53 0.64 0.93 1.06 1.82
Employment Change 0.6 0.53 0.52 0.47 0.47 0.38
Employment Rate 65.6 65.25 65.47 65.32 65.51 65.67
Full Time Employment 326 324 324 323 323 320