Cyprus Unemployment Rate

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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-10-31	10:00 AM	Unemployment Rate	7.4%	7.5%	7.6%
2018-11-30	10:00 AM	Unemployment Rate	8.5%	8.4%	7.4%
2019-01-09	10:00 AM	Unemployment Rate	9.2%	8.8%	7.30%
2019-01-31	10:00 AM	Unemployment Rate	8.8%	8.9%	9%
2019-03-01	10:00 AM	Unemployment Rate		8.8%	9%
2019-04-02	09:00 AM	Unemployment Rate			8.9%
2019-04-30	09:00 AM	Unemployment Rate			8.9%

Cyprus Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	8.80	8.90	16.70	3.00	percent	[+]
Employed Persons	379.60	363.10	398.20	135.00	Thousand	[+]
Unemployed Persons	34728.00	31888.00	77142.00	12448.00		[+]
Long Term Unemployment Rate	2.50	2.50	7.80	0.40	percent	[+]
Youth Unemployment Rate	19.30	19.30	40.40	7.80	percent	[+]
Labour Costs	86.07	88.94	116.33	58.87	Index Points	[+]
Job Vacancies	7354.00	7332.00	16194.00	2137.00		[+]
Wages	1827.00	1837.00	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	63.10	62.00	64.70	55.50	percent	[+]
Part Time Employment	38.60	44.60	50.00	15.80	Thousand	[+]
Productivity	108.30	104.60	109.70	75.90	Index Points	[+]
Wage Growth	3.10	2.00	7.10	-3.40	percent	[+]
Employment Change	0.80	1.00	1.70	-2.50	percent	[+]
Employment Rate	69.50	69.40	71.50	60.90	percent	[+]
Full Time Employment	356.80	347.40	356.80	257.80	Thousand	[+]

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 February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	8.80	8.90	16.70	3.00	2000 - 2018	percent	Monthly	SA

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Country	Last		Previous	Range
South Africa	27.10	Dec/18	27.5	31.2 : 21.5	%
Spain	14.45	Dec/18	14.55	26.94 : 4.41	%
Turkey	12.30	Nov/18	11.6	14.8 : 7.3	%
Brazil	11.60	Dec/18	11.6	13.7 : 6.2	%
Italy	10.30	Dec/18	10.5	13.1 : 5.8	%
Argentina	9.00	Sep/18	9.6	20.8 : 5.9	%
France	8.80	Dec/18	9.1	10.7 : 7.2	%
Euro Area	7.90	Dec/18	7.9	12.1 : 7.3	%
India	6.10	Dec/18	3.52	8.3 : 3.41	%
Saudi Arabia	6.00	Sep/18	6	6.3 : 4.35	%
Canada	5.80	Jan/19	5.6	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.00	Dec/18	5.1	11.2 : 4	%
Russia	4.90	Jan/19	4.8	14.1 : 4.5	%
South Korea	4.40	Jan/19	3.8	7.1 : 3	%
United Kingdom	4.00	Dec/18	4	12 : 3.4	%
United States	4.00	Jan/19	3.9	10.8 : 2.5	%
China	3.80	Dec/18	3.82	4.3 : 3.8	%
Netherlands	3.60	Dec/18	3.5	7.9 : 3.5	%
Mexico	3.40	Dec/18	3.3	6.42 : 2.22	%
Germany	3.30	Dec/18	3.3	11.5 : 0.4	%
Switzerland	2.80	Jan/19	2.7	5.7 : 1.5	%
Japan	2.40	Dec/18	2.5	5.5 : 1	%
Singapore	2.20	Dec/18	2.1	6 : 1.4	%