Unemployment Rate in Cyprus decreased to 4.40 percent in November from 4.50 percent in October of 2024. Unemployment Rate in Cyprus averaged 7.54 percent from 2000 until 2024, reaching an all time high of 16.80 percent in September of 2013 and a record low of 3.00 percent in March of 2002. source: EUROSTAT
Unemployment Rate in Cyprus is expected to be 5.20 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 5.20 percent in 2026, according to our econometric models.