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.

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Cyprus Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.20 8.90 16.50 3.00 2000 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-01 09:00 AM Feb 5.8% 6% 6.1%
2020-04-30 09:00 AM Mar 6.7% 5.8% 6.8%
2020-06-03 09:00 AM Apr 8.9% 6.7% 7.1%
2020-07-02 09:00 AM May 10.2% 8.9% 9.1%
2020-07-30 09:00 AM Jun 10.2% 9.2%
2020-09-01 09:00 AM Jul
2020-10-01 09:00 AM Aug
2020-10-30 10:00 AM Sep 9.5%

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.20 8.90 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 32803.00 28481.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.10 1.90 7.80 0.40 percent [+]
Youth Unemployment Rate 13.40 13.40 41.10 7.80 percent [+]
Labour Costs 102.16 117.65 126.56 65.45 points [+]
Job Vacancies 8834.00 9543.00 16194.00 2137.00 [+]
Wages 1956.00 2254.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 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 2.20 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.50 62.90 64.70 55.50 percent [+]
Part Time Employment 43.10 41.70 50.00 15.80 Thousand [+]
Productivity 101.90 102.30 102.40 76.00 points [+]
Employment Change 0.50 0.60 2.40 -2.10 percent [+]
Employment Rate 70.00 71.00 71.50 60.90 percent [+]
Full Time Employment 361.90 367.30 367.30 257.80 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.