Unemployment Rate in Cyprus decreased to 8.80 percent in December from 8.90 percent in November of 2018. Unemployment Rate in Cyprus averaged 7.88 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 8.90 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 7.50 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.