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Unemployment Rate and Employment Data in Cyprus

Cyprus Unemployment Data

Indicator Data Period
Unemployment Rate 6.6 % Aug/23
Youth Unemployment Rate 16.3 % Jun/23
Employed Persons 450 Thousand Person | 0.45 Million Person 2022
Employment Change  0.3 % 2Q/23
Employment Rate  74.3 % 2Q/23
Full Time Employment 404 Thousand Person 1Q/23
Long Term Unemployment Rate 2 % 2Q/23
Part Time Employment 39.4 Thousand Persons 1Q/23
Unemployed Persons 29367 Persons | 0.029 Million Persons 2Q/23


Latest data on Unemployment Rate (%)

Unemployment Rate
                     Cyprus - Historical Data (%)

What is Unemployment Rate in Cyprus?

  • Unemployment Rate in Cyprus remained unchanged at 6.6 % in August 2023. The maximum rate was 16.5 % and minimum was 3 %.
  • Data published Monthly by Eurostat.

Historical Data (%) by years

Data
Period
Date
6.6 Aug/23 02.10.2023
6.7 Jul/23 31.08.2023
4.8 Jun/23 01.08.2023
4.9 May/23 30.06.2023
5.1 Apr/23 01.06.2023
6.8 Mar/23 04.05.2023
7.3 Feb/23 31.03.2023
7.4 Jan/23 02.03.2023


Historical Chart by presidents (%)

Unemployment Rate in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicos Anastasiades 28.02.2013 - 10.8000 8.6000 11.3000 8.6000 -20.37%


Latest data on Youth Unemployment Rate (%)

Youth Unemployment Rate
                     Cyprus - Historical Data (%)

What is Youth Unemployment Rate in Cyprus?

  • Youth Unemployment Rate in Cyprus remained unchanged at 16.3 % in June 2023. The maximum rate was 41.1 % and minimum was 7.8 %.
  • Data published Monthly by Eurostat.

Historical Data (%) by years

Data
Period
Date
16.3 Jun/23 01.08.2023
14.7 Mar/23 04.05.2023
18.6 Dec/22 02.02.2023
20.6 Sep/22 05.11.2022
18.4 Jun/22 06.08.2022
16 Mar/22 07.05.2022
15.1 Dec/21 05.02.2022
15 Sep/21 18.01.2022


Historical Chart by presidents (%)

Youth Unemployment Rate in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Nicos Anastasiades 28.02.2013 - 20.3000 22.8000 26.3000 20.3000 12.32%


Latest data on Employed Persons (Thousand Person)

Employed Persons
                     Cyprus - Historical Data (Thousand Person)

How many employed persons are in Cyprus?

  • Number of Employed Persons in Cyprus increased to 450 Thousand Person (0.45 Million Person) in 2022. The maximum rate was 417 Thousand Person and minimum was 135 Thousand Person.
  • Data published Yearly by Statistical Service.

Historical Data (Thousand Person) by years

Data
Period
Date
450 2022 14.06.2023
432 2021 05.03.2022
417 2020 24.04.2021
416 2019 06.05.2020
401 2018 04.07.2019


Historical Chart by presidents (Thousand Person)

Employed Persons in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Employment Change  (%)

Employment Change 
                     Cyprus - Historical Data (%)

What is Employment Change rate in Cyprus?

  • Employment Change in Cyprus increased by 0.3 % in the second quarter of 2023. The maximum change was 2.4 % and minimum was -2.1 %.
  • Data published Quarterly by Eurostat.

Historical Data (%) by years

Data
Period
Date
0.3 2Q/23 17.08.2023
0.3 1Q/23 14.06.2023
0.7 4Q/22 23.02.2023
1 3Q/22 07.12.2022
0.4 2Q/22 01.11.2022
0.6 1Q/22 18.08.2022
0.3 4Q/21 26.05.2022
0.6 3Q/21 17.02.2022


Historical Chart by QoQ presidents (%)

Employment Change  in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Employment Rate  (%)

Employment Rate 
                     Cyprus - Historical Data (%)

What is Employment Rate in Cyprus?

  • Employment Rate in Cyprus increased to 74.3 % in the second quarter of 2023. The maximum rate was 71.5 % and minimum was 60.9 %.
  • Data published Quarterly by Eurostat.

Historical Data (%) by years

Data
Period
Date
74.3 2Q/23 23.09.2023
73.6 1Q/23 17.06.2023
73.1 4Q/22 20.03.2023
73.2 3Q/22 17.01.2023
72.7 2Q/22 17.09.2022
72 1Q/22 16.07.2022
72.3 4Q/21 07.05.2022
72.3 3Q/21 22.01.2022


Historical Chart by QoQ presidents (%)

Employment Rate  in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Full Time Employment (Thousand Person)

Full Time Employment
                     Cyprus - Historical Data (Thousand Person)

What is the number of full-time workers in Cyprus?

  • Full Time Employment in Cyprus increased to 404 Thousand Person in the first quarter of 2023. The maximum rate was 367 Thousand Person and minimum was 258 Thousand Person.
  • Data published Quarterly by Eurostat.

Historical Data (Thousand Person) by years

Data
Period
Date
404 1Q/23 19.06.2023
400 4Q/22 20.03.2023
400 3Q/22 31.12.2022
392 2Q/22 17.09.2022
387 1Q/22 18.08.2022
385 4Q/21 19.03.2022
385 3Q/21 18.01.2022
372 2Q/21 18.09.2021


Historical Chart by presidents (Thousand Person)

Full Time Employment in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Long Term Unemployment Rate (%)

Long Term Unemployment Rate
                     Cyprus - Historical Data (%)

What is Long Term Unemployment Rate in Cyprus?

  • Long Term Unemployment Rate in Cyprus decreased to 2 % in the second quarter of 2023. The maximum rate was 7.8 % and minimum was 0.4 %.
  • Data published Quarterly by Eurostat.

Historical Data (%) by years

Data
Period
Date
2 2Q/23 23.09.2023
2.2 1Q/23 17.06.2023
2.3 4Q/22 20.03.2023
2 3Q/22 10.01.2023
2.6 2Q/22 01.11.2022
2.3 1Q/22 16.07.2022
2.3 4Q/21 27.05.2022
2.2 3Q/21 17.02.2022


Historical Chart by presidents (%)

Long Term Unemployment Rate in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Part Time Employment (Thousand Persons)

Part Time Employment
                     Cyprus - Historical Data (Thousand Persons)

What is Part Time Employment in Cyprus?

  • Part Time Employment in Cyprus decreased to 39.4 Thousand Persons in the first quarter of 2023. The maximum rate was 50 Thousand Persons and minimum was 15.8 Thousand Persons.
  • Data published Quarterly by Eurostat.

Historical Data (Thousand Persons) by years

Data
Period
Date
39.4 1Q/23 19.06.2023
40.1 4Q/22 20.03.2023
38.6 3Q/22 31.12.2022
42.1 2Q/22 17.09.2022
41 1Q/22 18.08.2022
43.2 4Q/21 19.03.2022
41.6 3Q/21 18.01.2022
41.3 2Q/21 18.09.2021


Historical Chart by presidents (Thousand Persons)

Part Time Employment in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Unemployed Persons (Persons)

Unemployed Persons
                     Cyprus - Historical Data (Persons)

How many Unemployed Persons are in Cyprus?

  • Number of Unemployed Persons in Cyprus decreased to 29367 Persons (0.029 Million Persons) in the second quarter of 2023. The maximum rate was 77142 Persons and minimum was 12448 Persons.
  • Data published Quarterly by Statistical Service.

Historical Data (Persons) by years

Data
Period
Date
29367 2Q/23 09.09.2023
33394 1Q/23 10.06.2023
33922 4Q/22 02.03.2023
32868 3Q/22 17.12.2022
32903 2Q/22 10.09.2022
31305 1Q/22 04.06.2022
29600 4Q/21 05.03.2022
31355 3Q/21 18.01.2022


Historical Chart by presidents (Persons)

Unemployed Persons in Cyprus by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Cyprus

Index Updated Actual Previous
Retirement Age Men 2022 65 65
Wages 2Q/23 2387.015 USD/Month 2388.076
Job Vacancies Aug/23 12.552 K 13.405
Labor Force Participation Rate 1Q/23 65.6 % 65.5

Unemployment Rate in other countries

Country Updated Actual Previous
Austria Sep/23 5.9 % 6.1
Ireland Sep/23 4.2 % 4.1
Luxembourg Aug/23 5.3 % 5.2
Spain 2Q/23 11.6 % 13.26
Iceland Aug/23 3.3 % 3.5
Norway Aug/23 3.6 % 3.6
Belarus Dec/22 3.6 % 3.9
Belgium Aug/23 5.5 % 5.5
Bulgaria Aug/23 5.3 % 5.2
Croatia Aug/23 6 % 5.8
Cyprus Aug/23 6.6 % 6.6
Czech Republic Sep/23 3.6 % 3.6
Denmark Aug/23 2.5 % 2.5
Estonia 2Q/23 6.7 % 5.3
Euro Area Aug/23 6.4 % 6.5
European Union Aug/23 5.9 % 6
Finland Aug/23 6.7 % 6.9
France 2Q/23 7.2 % 7.1
Germany Sep/23 5.7 % 5.7
Greece Aug/23 10.9 % 10.9
Hungary Aug/23 4.1 % 4
Italy Aug/23 7.3 % 7.5
Latvia 2Q/23 6.4 % 6.4
Lithuania Aug/23 8.4 % 8.6
Macedonia 2Q/23 13.2 % 13.4
Malta 2Q/23 2.5 % 2.9
Moldova 2Q/23 3.8 % 5.5
Montenegro Sep/23 16.2 % 16.43
Netherlands Aug/23 3.6 % 3.6
Poland Aug/23 5 % 5
Portugal 2Q/23 6.1 % 7.2
Romania Aug/23 5.4 % 5.5
Russia Aug/23 3 % 3
Serbia 2Q/23 9.6 % 10.1
Slovakia Aug/23 5.23 % 5.22
Slovenia Jul/23 4.8 % 4.7
Sweden Aug/23 7.7 % 6.2
Switzerland Sep/23 2 % 2
Turkey Aug/23 9.2 % 9.4
Ukraine 4Q/21 10.5 % 9.1
United Kingdom Aug/19 3.9 %
Liechtenstein 2022 1.3 % 1.6
Albania 2Q/23 10.7 % 10.9
Bosnia and Herzegovina Jun/23 13.1 % 13.3
Kosovo 4Q/22 12.6 % 20.7