📊
Employment & Labour Market
81.3%
Employment rate (ages 20–64) in 2025
Source: Eurostat
76.1%
EU average employment rate 2025 — Cyprus beats it by 5.2 pp
Source: Eurostat
480,000
Total employed persons in Cyprus 2025 (record high)
Source: Statista / IMF
86.4%
Male employment rate in 2025 (up from 85% in 2024)
Source: Eurostat
76.3%
Female employment rate in 2025 (up from 75% in 2024)
Source: Eurostat
10.1 pp
Gender employment gap (men vs women) in 2025
Source: Eurostat
4.2%
Unemployment rate — Feb 2026 (down from 4.5% in Feb 2025)
Source: Eurostat / Cyprus Mail
22,000
Unemployed persons in Cyprus — Feb 2026
Source: Eurostat
5.9%
EU unemployment rate in Feb 2026 (vs 4.2% Cyprus)
Source: Eurostat
15.1%
Youth unemployment (under 25) in Cyprus — Dec 2025
Source: Eurostat / Parikiaki
4.0%
Male unemployment in Cyprus — Feb 2026
Source: Eurostat
4.4%
Female unemployment in Cyprus — Feb 2026
Source: Eurostat
🏢
Job Vacancies by Sector — Q4 2025
Number of open positions (Cystat / Gov.cy — March 2026)
€2,452
Avg gross monthly salary — Q3 2025 (Cystat)
Source: Cyprus Mail
€2,509
Avg gross monthly salary — Q1 2025 (+5.4% YoY)
Source: Cystat
+7.4%
Year-on-year salary increase in 2026 estimate (€2,350/mo)
Source: RemotePeople
€2,622
Average monthly salary for men — Q3 2025
Source: Cystat
€2,238
Average monthly salary for women — Q3 2025 (+4.9% YoY)
Source: Cystat
€1,088
National minimum wage (Jan 2026, 6+ months employed)
Source: RemotePeople
€979
Minimum wage for new hires (first 6 months) from Jan 2026
Source: RemotePeople
36.5%
Share of workers earning < €1,500/month in Q3 2025
Source: DOM LiVE
39.7%
Largest salary bracket: €1,500–€2,999/month
Source: DOM LiVE / Cystat
🔍 Salary Insight: Women's wages are growing faster than men's in Cyprus (+4.9% vs +3.8% YoY in Q3 2025), narrowing the gender pay gap. However, 40.5% of women still earn below €1,500/month versus 33.3% of men, indicating persistent structural inequality that employers and policymakers must urgently address.
💻
Tech, ICT & Digital Jobs
9.2%
Annual ICT employment growth rate in Cyprus 2014–2024 (3rd highest in EU)
Source: Eurostat
13.7%
Annual growth in female ICT specialists in Cyprus (equal 1st in EU)
Source: Eurostat
€856M
ICT market projected value in Cyprus in 2025
Source: Nucamp
13%
ICT sector's share of Cyprus GDP (up from 7% in 2019)
Source: Nucamp
1,200+
New tech jobs created in Cyprus in 2025
Source: Nucamp
+28%
Projected demand growth for Data Scientists by 2026
Source: Nucamp
€45K–€80K
Annual salary range for Data Scientists in Cyprus
Source: Nucamp
€80K–€167K
Annual salary for Cloud Architects (up to €167K experienced)
Source: Nucamp / DOM LiVE
+18%
Cloud computing job growth rate annually in Cyprus
Source: Nucamp
80%+
ICT workforce with tertiary (higher) education in Cyprus
Source: Cyprus Mail
28%
Enterprises offering digital skills training (vs 22% EU avg)
Source: Cyprus Mail
🔍
Vacancies, Hiring & Recruitment
13,538
Total job vacancies in Cyprus — Q4 2025
Source: Cystat / Gov.cy
2.8%
Job vacancy rate Q4 2025 (EU average: 2.0%)
Source: Eurostat / Cystat
+541
YoY increase in vacancies (Q4 2025 vs Q4 2024)
Source: Cystat
3.9%
Highest vacancy rate sector: Admin & Support Services Q4 2025
Source: Gov.cy
+319%
YoY jump in Education vacancies (196 → 625) in Q4 2025
Source: Cyprus Mail
3.3%
Peak vacancy rate in 2025 — Q2 2025
Source: Cystat
14,573
Peak vacancies in 2025: Q3 (declined 9% from Q3 2024)
Source: Cystat
5,000
Estimated shortage of qualified construction workers/engineers
Source: DOM LiVE
500
Open nursing vacancies in Cyprus hospitals/clinics
Source: DOM LiVE
30%
Workers in Cyprus employed outside their area of qualification (Eurostat)
Source: DOM LiVE / Eurostat
🌍 Workforce Composition (2023)
Cypriot nationals67.7%
Other EU nationals10.6%
Third-country nationals21.7%
Remote workers (2023)3.9%
Micro-company employment share39.8%
📈 Economic Context (2025–2026)
GDP growth 2025 (EC estimate)3.4%
GDP growth forecast 20262.6%
Inflation (early 2026)~2–3%
Employment growth H1 2025+1.6% YoY
Gov surplus / GDP (2025)3.3%
🎯
Sector Demand & Skills Landscape
54%
Workforce with high-level qualifications expected by 2025 (vs 43% prior)
Source: Nucamp
8.3%
Employer payroll tax contribution rate in Cyprus
Source: Playroll
14.9%
Total employer cost overhead on salary in Cyprus
Source: Playroll
€133M
Investment for digitalization of public services (RRP)
Source: Digital Skills Platform
100%
5G network coverage in Cyprus (7 years ahead of EU target)
Source: Nucamp
77.1%
Very high-capacity broadband network coverage across Cyprus
Source: Nucamp
🌐
International Talent & Hiring Outlook
€55K+
Minimum salary to qualify for 50% income tax exemption (first-time workers)
Source: Koronapay
5.7%
Growth in average monthly salary in 2024 (DOM LiVE)
Source: DOM LiVE
~€30K
Average annual salary in Nicosia (Payscale estimate)
Source: Koronapay
~€33K
Average annual salary in Limassol — highest in Cyprus
Source: Koronapay
€3B+
ICT sector contribution to Cyprus economy (2022 baseline)
Source: Nucamp
2026
Target year for Cyprus to join the Schengen Area
Source: Emerald Zebra
🚀 Outlook 2026: Cyprus continues to punch above its EU weight in employment, driven by ICT boom, financial services, and international firm relocations. With unemployment at multi-year lows of 4.2%, a vacancy rate nearly 40% above the EU average, and tech salaries of up to €167,000/year, Cyprus remains one of Europe's most dynamic small labour markets — albeit with growing pressure on skills availability, housing costs, and gender equity.
