Productivity in Cyprus decreased to 105.70 points in the first quarter of 2021 from 107.60 points in the fourth quarter of 2020. source: EUROSTAT

Productivity in Cyprus averaged 93.52 points from 1995 until 2021, reaching an all time high of 107.60 points in the fourth quarter of 2020 and a record low of 76 points in the first quarter of 1995. This page provides - Cyprus Productivity- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Productivity - values, historical data and charts - was last updated on July of 2021.

Productivity in Cyprus is expected to be 105.04 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Cyprus to stand at 106.86 in 12 months time. In the long-term, the Cyprus Productivity is projected to trend around 106.95 points in 2022 and 107.00 points in 2023, according to our econometric models.

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Cyprus Productivity

Actual Previous Highest Lowest Dates Unit Frequency
105.70 107.60 107.60 76.00 1995 - 2021 points Quarterly
2015=100, SA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.90 9.20 16.50 3.00 percent [+]
Employed Persons 417.40 416.50 417.40 135.00 Thousand [+]
Unemployed Persons 38970.00 36677.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.80 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 18.70 18.70 41.10 7.80 percent [+]
Labour Costs 100.55 116.85 126.56 65.45 points [+]
Job Vacancies 8651.00 7901.00 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 -3.30 0.30 7.10 -3.40 percent [+]
Labor Force Participation Rate 63.10 62.90 64.70 55.50 percent [+]
Productivity 105.70 107.60 107.60 76.00 points [+]
Part Time Employment 42.90 41.80 50.00 15.80 Thousand [+]
Employment Change 0.80 0.60 2.40 -2.10 percent [+]
Employment Rate 69.90 69.70 71.50 60.90 percent [+]
Full Time Employment 357.40 364.80 367.30 257.80 Thousand [+]


Cyprus Productivity
In Cyprus, productivity refers to real labour productivity per hour worked.