Unemployment Rate in Cyprus decreased to 7 percent in July from 7.20 percent in June of 2019. Unemployment Rate in Cyprus averaged 7.85 percent from 2000 until 2019, reaching an all time high of 16.80 percent in September of 2013 and a record low of 3 percent in March of 2002.

Unemployment Rate in Cyprus is expected to be 6.90 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 6.20 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

Cyprus Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-04 09:00 AM Unemployment Rate Apr 6.9% 7.2% 8.8%
2019-07-01 09:00 AM Unemployment Rate May 6.5% 6.8% 6.9%
2019-07-31 09:00 AM Unemployment Rate Jun 6.5% 6.6% 6.8%
2019-08-30 09:00 AM Unemployment Rate Jul 7.0% 7.2% 6.8%
2019-09-30 09:00 AM Unemployment Rate Aug 7.0% 7%
2019-10-31 10:00 AM Unemployment Rate Sep 6.9%
2019-11-29 10:00 AM Unemployment Rate Oct 6.8%


Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.00 7.20 16.80 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 28989.00 39252.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 2.40 7.80 0.40 percent [+]
Youth Unemployment Rate 17.10 17.10 40.50 7.80 percent [+]
Labour Costs 91.58 90.64 116.33 58.87 Index Points [+]
Job Vacancies 10235.00 10868.00 16194.00 2137.00 [+]
Wages 1898.00 2216.00 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 63.20 62.50 64.70 55.50 percent [+]
Part Time Employment 42.90 40.20 50.00 15.80 Thousand [+]
Productivity 104.60 105.50 109.70 75.90 Index Points [+]
Wage Growth 2.50 2.70 7.10 -3.40 percent [+]
Employment Change 0.80 0.60 1.90 -2.30 percent [+]
Employment Rate 69.10 69.20 71.50 60.90 percent [+]
Full Time Employment 353.10 354.90 356.80 257.80 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.20 16.80 3.00 2000 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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