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Job Market Overview: Employment Statistics in Cyprus
Understanding Cyprus's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 1.207.359 residents |
| Employment Rate | 63.8% (below OECD average) |
| Unemployment Rate | 5.86% (moderately competitive market) |
| Workforce Size | 770.295 active workers |
These Cyprus employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 63.8% employment rate suggests moderate job availability across sectors.
Living & Working in Cyprus: Economic Insights
Before relocating or applying for jobs in Cyprus, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 1.819,74 USD | 40% of U.S. average (significantly lower) |
| Purchasing Power | 57.2 | moderate compared to U.S. (100) |
With 57.2 purchasing power, salaries in Cyprus provide adequate but budget-conscious lifestyles. The average monthly salary of 1.819,74 USD is particularly attractive in the Agriculture sector.
Top Industries & Job Opportunities in CY
Cyprus's thriving job market spans these key sectors:
| Leading Industry | Agriculture (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Tourism, Financial Services (60% of GDP) |
| Major Employers | Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina (hiring year-round) |
Job seekers should focus on Agriculture for the most opportunities, while Manufacturing offers growth potential. Major companies like Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina frequently post openings for skilled professionals.
CityJobs bridges the gap between job seekers and employers in Cyprus, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Cyprus?
With a population of 1,207,359 and an employment rate of 63.8%, Cyprus offers a growing job market. The unemployment rate currently stands at 5.86%.
2. Which are the top companies in Cyprus?
The leading employers in Cyprus include Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Cyprus?
The purchasing power ratio in Cyprus is 57.2, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Cyprus?
Search our listings filtered for Cyprus. Focus on industries where Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina are active, and consider that the 63.8% employment rate suggests moderate competition for positions.
5. What should I know about working in Cyprus?
With Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina as major employers, the job market tends to favor Manufacturing and Tourism, Financial Services.
