Unemployment Rate in Cyprus decreased to 4.80 percent in May from 5.10 percent in April of 2022. source: EUROSTAT

Unemployment Rate in Cyprus averaged 7.76 percent from 2000 until 2022, 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 2022.

Unemployment Rate in Cyprus is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Unemployment Rate is projected to trend around 5.90 percent in 2023, according to our econometric models.

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Cyprus Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 09:00 AM Apr 5.4% 5.9% 5.7%
2022-06-30 09:00 AM May 4.8% 5.1% 5.2%
2022-08-01 09:00 AM Jun 4.8%


Related Last Previous Unit Reference
Unemployment Rate 4.80 5.10 percent May 2022
Long Term Unemployment Rate 2.30 2.20 percent Dec 2021
Youth Unemployment Rate 16.00 16.00 percent Mar 2022
Population 0.89 0.88 Million Dec 2020
Productivity 108.86 108.58 points Mar 2022
Full Time Employment 385.00 384.80 Thousand Dec 2021
Part Time Employment 43.20 41.60 Thousand Dec 2021
Employment Rate 72.30 72.30 percent Dec 2021
Employment Change 0.30 0.50 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.80 5.10 16.50 3.00 2000 - 2022 percent Monthly
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