Unemployment Rate in Cyprus increased to 10.20 percent in May from 8.90 percent in April of 2020.
Unemployment Rate in Cyprus averaged 7.82 percent from 2000 until 2020, 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 July of 2020.
Unemployment Rate in Cyprus is expected to be 9.50 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 9.30 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 8.70 percent in 2021 and 8.30 percent in 2022, according to our econometric models.