Unemployment Rate in Cyprus decreased to 7.40 percent in September from 7.50 percent in August of 2018. Unemployment Rate in Cyprus averaged 7.86 percent from 2000 until 2018, reaching an all time high of 16.70 percent in September of 2013 and a record low of 3 percent in March of 2002.

Unemployment Rate in Cyprus is expected to be 7.70 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 6.20 percent in 2020, according to our econometric models.

Cyprus Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 09:00 AM Unemployment Rate 7.7% 7.9% 8.3%
2018-10-01 09:00 AM Unemployment Rate 7.5% 7.6% 8%
2018-10-31 10:00 AM Unemployment Rate 7.4% 7.5% 7.6%
2018-11-30 10:00 AM Unemployment Rate 7.4% 7.9%


Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.50 16.70 3.00 percent [+]
Employed Persons 367.30 358.20 398.20 135.00 Thousand [+]
Unemployed Persons 31888.00 46468.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.50 3.20 7.80 0.40 percent [+]
Youth Unemployment Rate 19.00 19.00 40.50 7.80 percent [+]
Labour Costs 88.94 90.65 116.33 58.87 Index Points [+]
Job Vacancies 8630.00 9693.00 16194.00 2137.00 [+]
Wages 1827.00 1853.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 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 [+]
Labor Force Participation Rate 62.00 62.00 64.70 55.50 percent [+]
Part Time Employment 44.60 45.50 50.00 15.80 Thousand [+]
Productivity 104.60 104.40 109.70 75.90 Index Points [+]
Wage Growth 1.40 1.00 7.10 -3.40 percent [+]
Employment Change 1.00 0.70 1.70 -2.50 percent [+]
Employment Rate 69.40 66.20 71.50 60.90 percent [+]
Full Time Employment 347.40 330.60 355.90 257.80 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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.40 7.50 16.70 3.00 2000 - 2018 percent Monthly
SA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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