LU3: Combined rate of unemployment and potential labour force in Cyprus
Cyprus: LU3: Combined rate of unemployment and potential labour force was 6.12 in 2024. ▲ Rising
LU3: Combined rate of unemployment and potential labour force in Cyprus, 1999–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu3: combined rate of unemployment and potential labour force in Cyprus is 6.12, measured in 2024.
Compared with earlier readings it is down 16.0% on the previous year and down 69.4% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in Cyprus peaked at 20.02 in 2014 and was at its lowest, 4.01, in 2002.
That places Cyprus 62nd out of 89 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
LU3: Combined rate of unemployment and potential labour force in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 8.76 | — |
| 2000 | 6.82 | -22.2% |
| 2001 | 5.31 | -22.2% |
| 2002 | 4.01 | -24.3% |
| 2003 | 5.18 | +28.9% |
| 2004 | 6.47 | +25.1% |
| 2005 | 7.71 | +19.1% |
| 2006 | 6.34 | -17.8% |
| 2007 | 5.38 | -15.1% |
| 2008 | 4.97 | -7.7% |
| 2009 | 6.96 | +40.2% |
| 2010 | 8.67 | +24.4% |
| 2011 | 11.03 | +27.2% |
| 2012 | 15.11 | +37.0% |
| 2013 | 19.87 | +31.5% |
| 2014 | 20.02 | +0.7% |
| 2015 | 18.92 | -5.5% |
| 2016 | 16.16 | -14.6% |
| 2017 | 13.93 | -13.8% |
| 2018 | 10.83 | -22.3% |
| 2019 | 8.72 | -19.4% |
| 2020 | 9.22 | +5.7% |
| 2021 | 10.03 | +8.7% |
| 2022 | 8.4 | -16.2% |
| 2023 | 7.28 | -13.4% |
| 2024 | 6.12 | -16.0% |
Cyprus compared with similar countries
- Cyprus's 6.12 is below the median for high income countries, which is 7.45, 82% of the median. (46 countries reporting)
- Cyprus's 6.12 is below the median for Europe & Central Asia, which is 8.71, 70% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.76 | 8.76 | 8.76 | 1 |
| 2000s | 5.92 | 4.01 | 7.71 | 10 |
| 2010s | 14.32 | 8.67 | 20.02 | 10 |
| 2020s | 8.21 | 6.12 | 10.03 | 5 |
Countries ranked near Cyprus
More work & labour data for Cyprus
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.3415 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.3363 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.3471 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.03 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.6588 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 1,030 1000 No (2050)
- Population - Est. & Proj. — Rural population 353.01 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 631.64 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 643.71 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 1,275 1000 No (2100)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in Cyprus?
- Lu3: combined rate of unemployment and potential labour force in Cyprus was 6.12 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Cyprus?
- The highest recorded value was 20.02 in 2014.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Cyprus?
- The lowest recorded value was 4.01 in 2002.
- How does Cyprus rank for lu3: combined rate of unemployment and potential labour force?
- Cyprus ranks 62nd out of 89 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Cyprus?
- Over the last ten years it is down 69.4%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.