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Cyprus - LABOUR MARKET


Labour market indicators


Unemployment rate in 2001 : 3.9% (ILO data)


Working population:

Year Total Population Working population Activity rate
2004
775 627  
386 138  
50%  
Source: World Bank


Employment by sector:

Year
Agriculture
Industry
Services
2004  
7.4%  
19.8%  
72.8%  
Sources: ILO, Eurostat, last available data


Employment contracts



Salaries


National monthly minimum wage as of 01/01/2003 : No legally mandated national minimum wage

Average wage for a employee in the manufacturing industry in 2000 : 4.02 pounds by  hour (ILO data)



Number of hours



Legal definition of full time work (per week): beetween 35 and 39 hours



Useful links


For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws

- Employers and Industrialists Federation Cyprus


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Last modified in January 2006
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