Unemployment Rate in Cyprus increased to 6.70 percent in March from 5.80 percent in February of 2020. Unemployment Rate in Cyprus averaged 7.80 percent from 2000 until 2020, reaching an all time high of 16.50 percent in March of 2014 and a record low of 3 percent in March of 2002. In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of employed persons in Cyprus increased to 416.50 Thousand in 2019 from 400.80 Thousand in 2018. Employed Persons in Cyprus averaged 283.58 Thousand from 1970 until 2019, reaching an all time high of 416.50 Thousand in 2019 and a record low of 135 Thousand in 1975. In Cyprus, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Cyprus Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.

Can both less income inequality and more growth be achieved? A recent OECD study sheds new light on the link between policies that boost growth and the distribution of income.

Public debt in the OECD area passed annual GDP in 2011 and is still rising. This paper was prepared for the Reserve Bank of India Second International Research Conference 2012: “Monetary Policy, Sovereign Debt and Financial Stability: The New Trilemma”, 1-2 February, 2012 in Mumbai, India

Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy.

Denmark’s green growth strategy focuses on moving the energy system away from fossil fuels and investing in green technologies, while limiting greenhouse gas (GHG) emissions.

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

Restoring competitiveness is one of the key challenges to bring European economies back on a path of strong, sustainable and balanced growth. Europe could improve its growth prospects by implementing a strategic reform agenda with a broad range of policy reforms to increase productivity, dynamism and employment.

This workshop will convene leading experts from health and finance backgrounds in government, academia, and international organisations to take stock of progress in health expenditure forecasting and to discuss future directions, in light of policy needs and recent advancements in techniques, detailed data and computing power.

In several OECD countries, ongoing fiscal consolidation might have a negative impact on the static income distribution. However, this conclusion should be treated only as an approximate first step in the analysis.

In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its long-run volatility.

Structural reforms offer governments a powerful tool to boost economic growth, create jobs and bring about a strong and balanced economic recovery, according to the OECD’s latest Going for Growth report.

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area.

Instead of resorting to trade measures such as export restrictions, Chile manages its minerals sector through a combination of balanced taxation, stable investment measures, good management of tax revenue, exchange rate policy and initiatives aimed at producing a multiplier effect of economy-wide development, according to this study.

France has avoided the most severe impacts of the global economic crisis and turmoil in the euro area, but must now take action to boost competitiveness and create jobs, according to the OECD’s latest Economic Survey of France.

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. While most of the inequality originates from the labour market, wealth – and thus capital income – is also highly concentrated and the tax and transfer system has little redistributive impact.

The unemployment rate among young people has reached painfully high levels, in particular among those young people with low levels of education.

The economic situation of young people is unsatisfactory. Educational inequalities have been widening for over a decade, due to a sharp decline in the results of the most highly disadvantaged students. The unemployment rate for the 20-24 age bracket has not dropped below 16% for nearly 30 years.

This paper uses panel regression techniques to assess the policy determinants of private sector innovative Activity – proxied by R&D expenditure and the number of new patents – across 19 OECD countries. The relationship between innovation indicators and multifactor productivity (MFP) growth is also examined with a particular focus on the role of public policies in influencing the returns to new knowledge.

South Africa has achieved remarkable progress in educational attainment relative to other emerging countries, but the quality of basic education for a large fraction of the Black African population is still very low.

Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.

OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably.

This study proposes a structured approach to selecting instruments of fiscal consolidation that are consistent with growth, equity and global-rebalancing objectives, which is then illustrated with a particular application.

This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995-2010, when regional data are available.

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.

Combining existing information with a newly collected dataset, the paper develops indicators of the performance and the institutional characteristics of OECD judicial systems.

The NZ labour market is among the most flexible in the OECD, and outcomes for its young people have been among the best. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also successful and innovative in many ways.

Improving France’s competitiveness is essential to boost the economic growth needed to create jobs and allow citizens and businesses to develop their full potential, according to a new OECD report.

This paper reviews the empirical evidence on the link between environmental policy stringency and productivity growth, and the various channels through which such effects can take place.

The productivity compendium provides data and methodological notes and describes the measurement challenges and the data choices that were made, as well as the remaining measurement problems.

This paper takes stock of informal employment in Russia analysing its incidence and determinants. Using the regular 2003-11 waves and an informality supplement of the Russian Longitudinal Monitoring Survey (RLMS) it develops several measures of informal employment and demonstrates that the incidence varies widely across the different definitions.

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.

Government bond yields have recently increased in many OECD countries from rock-bottom levels and a further increase is likely with the normalisation of monetary policies.

This paper presents the new OECD competition law and policies (CLP) indicators which measure the strength and scope of competition regimes in 49 jurisdictions (OECD and non-OECD). The indicators cover areas for which there is a broad consensus among member countries on what constitutes 'good' practice for competition regimes.

Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.

Over the next 50 years, the world economic landscape will be shaped, among other things, by demographic developments, continuing trade and investment integration, a shift of gravity towards emerging economies, the rising role of knowledge-based capital, global environmental pressures and the correction of fiscal and current account imbalances.

After five years of work at every level to correct the fiscal, financial and external imbalances that led to the crisis, and to reinforce fiscal and financial institutions, the Euro Area is beginning to show signs of recovery. But, despite these positive signs, growth is still weak and uneven.

Despite the harsh external economic environment, Germany has managed to reduce unemployment significantly while buttressing the long-term sustainability of its public finances. Drawing on the expertise and experience of OECD member countries, this report sets out key policy priorities to boost productivity growth and social inclusion.

A broad agenda of reforms in four areas – labour markets, education, product markets and innovation – should strengthen Poland’s economy and allow it to continue its path of convergence towards the income levels of the more affluent OECD economies, said Angel Gurría during a seminar in Warsaw.

Poland’s economic performance has been impressive over the past 15 years, but further reforms are now needed to put the economy firmly back on track for stronger and sustainable growth, according to the OECD’s latest Economic Survey of Poland.

The Czech economy is finally coming out of a prolonged recession but must take further steps to speed up income convergence towards the euro area countries, according to the OECD’s latest Economic Survey of the Czech Republic.

Israelis enjoy higher life expectancy and have a much younger demographic profile than most OECD countries. However, the demand for health care is expanding rapidly due to population growth and ageing.

The Netherlands is gradually emerging from a double-dip recession with strengthened public finances and reforms on track to improve the labour and housing markets and the health care and pension systems. These reforms are paying off, says the OECD. Growth is expected to reach 1% this year and 1.3% in 2015.

Inequality – now at its highest level in decades in many countries – undermines economic growth and well-being, says a new OECD report. But policies to tackle the widening gap between rich and poor will only succeed if they also look beyond income and address better access to high-quality education, health care and public infrastructure, it adds.

Smarter planning for natural and man-made disasters that increases collaboration between countries and encourages households and businesses to take more responsibility would improve resilience and reduce future economic losses, a new OECD report says.

This study reviews the existing literature on the link between economic policies and economic stability at the firm and household level. Based on firm-level and household-level data for a wide range of OECD countries, it also provides preliminary results on sources and patterns of microeconomic volatility.

Danish productivity has grown only weakly over the past two decades, both historically and in relation to other countries, despite sound policies and institutions. Denmark needs to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth.

Over the past decade, the growth potential of the Hungarian economy has declined substantially. Trend productivity has ceased to increase, and investment has fallen to historically low levels.