Unemployment in Cyprus

Cyprus Unemployment | Economic News & Forecasts

Cyprus - Unemployment

Growth softened somewhat in the first quarter of the year but remained healthy overall, supported by the construction, retail and wholesale sectors. This followed a stronger increase in Q4 2018, which was buoyed by sturdy consumer spending and a jump in public expenditure. Available data suggests the economy was still in good shape at the start of the second quarter. After contracting notably in March, tourist arrivals rebounded robustly in April, coinciding with the Easter holidays, mainly on the back of higher arrivals from the UK and Israel. In the same month, the number of unemployed persons declined further, a testimony to the ongoing strength of the labor market, while consumer and business confidence also picked up slightly.

Cyprus - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate15.9  16.2  14.9  13.0  11.1  

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Cyprus Unemployment Chart

Cyprus Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Service.

Cyprus Facts

Exchange Rate1.130.65 %Jun 13
Stock Market69.1-0.44 %Jun 13

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