Unemployment in Cyprus

Cyprus Unemployment | Economic News & Forecasts

Cyprus - Unemployment

Third-quarter growth was revised up to 3.7% year-on year, a notch above the preliminary estimate, fueled by buoyant household spending and upbeat construction-side fixed investment. Private consumption expanded in line with the previous quarter, underpinned by continued job creation and a roughly stable unemployment rate—and despite the midyear deterioration in consumer sentiment. Meanwhile, the external sector subtracted from the headline reading amid a sharp contraction of exports likely held back by slowing inbound tourism. Available fourth-quarter data has been downbeat; an uptick in joblessness and deteriorating economic sentiment are likely to drag on year-end gains.

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

ValueChangeDate
Exchange Rate1.150.65 %Jan 14
Stock Market65.3-0.44 %Jan 14

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