Welcome to your guide to the Cyprus job market. Finding the right job or candidate requires solid data. Here you will find key figures on employment, salaries and the economy to support your next career step or recruitment decision in Cyprus.
Job market overview
| Key metric | Current value |
|---|---|
| Total population | 1,207,359 residents |
| Employment rate | 63.8% |
| Unemployment rate | 5.9%Moderate to higher unemployment – strong, specific skills help you stand out. |
With an unemployment rate of 5.9%, Cyprus has a more balanced labor market. Candidates should highlight specialized skills and experience.
Living & working in Cyprus: salaries and cost of living
Before relocating or applying for jobs in Cyprus, consider these key economic factors:
| Indicator | Value | Compared with the U.S. |
|---|---|---|
| Average monthly salary | 1,820 USD | 40% of the U.S. averagesignificantly lower |
| Purchasing power | 57.2 | weaker (U.S. = 100) |
With a purchasing power index of 57.2, the average monthly salary of 1,820 USD supports a budget-conscious lifestyle in Cyprus. Always compare an offer with local rents and living costs in the specific city.
Top industries & employers in CY
| Leading industry | Agriculture |
| Growth sector | Manufacturing |
| Service sector | Tourism, Financial Services |
| Major employers | Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina |
Job seekers will usually find the most openings in Agriculture, while Manufacturing offers growth potential.
Working in Cyprus – FAQ
What's the employment situation in Cyprus?
Cyprus has a population of about 1,207,359. The employment rate is 63.8%. The unemployment rate currently stands at 5.9%.
Which are the top companies in Cyprus?
Large employers in Cyprus include Bank of Cyprus, Cyprus Telecommunications Authority (Cyta), Petrolina.
How far does a salary go in Cyprus?
The purchasing power index for Cyprus is 57.2 (U.S. = 100), which means the cost of living should be weighed carefully when comparing job offers.
How can I find jobs in Cyprus?
Browse the latest international openings on Cityjobs and filter by country or remote work. Employers post directly, and you apply with the employer.
Which industries matter most in Cyprus?
Agriculture is the leading industry, while Manufacturing is an important growth sector, alongside Tourism, Financial Services.
Data sources & methodology
The figures in this guide are compiled from these public sources:
- Employment & economic data: World Bank Indicators
- Cost of living & salaries: Numbeo Cost of Living Database
