Cyprus Unemployment Rate  Forecast


Unemployment Rate in Cyprus is expected to be 11.20 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 10.50 in 12 months time. In the long-term, the Cyprus Unemployment Rate is projected to trend around 9.10 percent in 2020, according to our econometric models.


Cyprus Unemployment Rate
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Cyprus Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 10.8 11.2 11 10.7 10.5 9.1
Employed Persons 367 368 373 373 373 377
Unemployed Persons 44965 55831 54506 56519 53427 54235
Long Term Unemployment Rate 5.3 4.93 4.71 4.58 4.44 3.79
Youth Unemployment Rate 20.4 18.13 16.91 16.25 15.89 15.48
Labour Costs 89.52 93.38 93.64 93.57 93.59 93.59
Job Vacancies 5758 5138 5131 5137 5139 5137
Wages 1825 1825 2210 1825 2004 2390
Population 0.85 0.85 0.85 0.86 0.86 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Change 0.6 0.85 0.81 0.81 0.84 0.82
Employment Rate 63.3 63.3 63.91 63.3 63.9 63.88
Full Time Employment 308 308 308 308 308 308
Productivity 103 107 105 102 103 105
Labor Force Participation Rate 61.5 61.7 61.74 61.67 61.73 61.72
Part Time Employment 48.6 48.38 50.8 48.79 49.23 50
Wage Growth 0.5 0.28 0.65 0.2 0.12 0.07