Unemployment Rate: Cyprus
Cyprus's unemployment rate is currently 4.7% as of 2026. # Cyprus Unemployment Rate Cyprus's unemployment rate stands at 4.
Current (2026)
4.7%
+4.4% y/y
Peak (2014)
16.1%
Low (1990)
1.8%
Source
IMF World Economic Outlook
1982–2026 · 49 pts
Unemployment Rate — Cyprus
1982 — 2026
Unemployment Rate — Cyprus
Analysis# Cyprus Unemployment Rate
Cyprus's unemployment rate stands at 4.7% in 2026, reflecting substantial economic recovery from its crisis decade. The current figure sits well below the devastating peak of 16.1% in 2014, though remains elevated compared to the historic low of 1.8% recorded in 1990. Since 1982, the unemployment rate has increased 67.9%, indicating structural labor market changes over four decades despite recent improvements.
The most significant turning point emerged around 2017, when the rate began a consistent downward trajectory from 11.1%. Annual declines of 0.5–2.7 percentage points characterized 2017–2024, demonstrating sustained labor market strengthening. The stabilization at 4.7% in 2026 suggests the recovery has plateaued near cyclical lows, though this remains elevated relative to pre-2008 conditions, indicating potential structural unemployment challenges persisting in Cyprus's economy.
Historical Data
49 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 4.7% | +0.00% |
| 2029 | 4.7% | +0.00% |
| 2028 | 4.7% | +0.00% |
| 2027 | 4.7% | +0.00% |
| 2026 | 4.7% | +4.44% |
| 2025 | 4.5% | -8.16% |
| 2024 | 4.9% | -15.52% |
| 2023 | 5.8% | -7.94% |
| 2022 | 6.3% | -12.50% |
| 2021 | 7.2% | -5.26% |
| 2020 | 7.6% | +7.04% |
| 2019 | 7.1% | -15.48% |
| 2018 | 8.4% | -24.32% |
| 2017 | 11.1% | -14.62% |
| 2016 | 13.0% | -12.75% |
| 2015 | 14.9% | -7.45% |
| 2014 | 16.1% | +1.26% |
| 2013 | 15.9% | +34.75% |
| 2012 | 11.8% | +49.37% |
| 2011 | 7.9% | +25.40% |
Show all 49 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 6.3% | +18.87% |
| 2009 | 5.3% | +43.24% |
| 2008 | 3.7% | -5.13% |
| 2007 | 3.9% | -15.22% |
| 2006 | 4.6% | -13.21% |
| 2005 | 5.3% | +15.22% |
| 2004 | 4.6% | +12.20% |
| 2003 | 4.1% | +17.14% |
| 2002 | 3.5% | -10.26% |
| 2001 | 3.9% | -18.75% |
| 2000 | 4.8% | +33.33% |
| 1999 | 3.6% | +5.88% |
| 1998 | 3.4% | +0.00% |
| 1997 | 3.4% | +9.68% |
| 1996 | 3.1% | +19.23% |
| 1995 | 2.6% | -3.70% |
| 1994 | 2.7% | +0.00% |
| 1993 | 2.7% | +50.00% |
| 1992 | 1.8% | -40.00% |
| 1991 | 3.0% | +66.67% |
| 1990 | 1.8% | -21.74% |
| 1989 | 2.3% | -17.86% |
| 1988 | 2.8% | -17.65% |
| 1987 | 3.4% | -8.11% |
| 1986 | 3.7% | +12.12% |
| 1985 | 3.3% | +0.00% |
| 1984 | 3.3% | +0.00% |
| 1983 | 3.3% | +17.86% |
| 1982 | 2.8% | — |
Related Data
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For Cyprus
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People & population data