Employment in Cyprus rose by 1.4 per cent in the third quarter of 2025, reaching a total of 523,510 persons, according to provisional estimates from the Statistical Service (Cystat).
- Employment in Cyprus rose by 1.4 per cent in the third quarter of 2025, reaching a total of 523,510 persons, according to provisional estimates from the Statistical Service (Cystat).
Breakdown of Employment Figures
Of the total number of employed individuals, 470,755 were classified as employees, while 52,755 were self-employed. This growth in employment numbers reflects a steady recovery and expansion within various sectors of the economy.
Sector-Specific Gains
The most significant increases in employment were noted in the wholesale and retail trade, accommodation and food service activities, and manufacturing sectors. These areas are crucial drivers of economic activity in Cyprus, showcasing their resilience amid changing market conditions.
Wholesale and Retail Trade
In the wholesale and retail trade sector, employment gains can be attributed to increased consumer demand and a broader recovery in the economy. Businesses in this sector have adapted to shifting consumer preferences, which has allowed them to expand their workforce.
Accommodation and Food Services
The accommodation and food services sector continues to thrive, buoyed by a resurgence in tourism. With international travel picking up, hotels, restaurants, and related businesses have ramped up hiring to meet the growing demand.
Manufacturing Sector Growth
Manufacturing also saw notable employment growth, indicating a positive trend towards industrial production and innovation in Cyprus. Companies are investing in new technologies and processes, contributing to job creation.
Hours Worked on the Rise
In addition to the increase in employment, the number of actual hours worked in Cyprus reached 236,757 thousand during the third quarter. This figure marks an annual increase of 1.9 per cent, suggesting that not only are more people employed, but they are also working more hours.
Key Contributors to Increased Hours
Similar to the employment figures, the largest percentage increases in hours worked were observed in wholesale and retail trade, accommodation and food services, repair of motor vehicles and motorcycles, and manufacturing. This trend indicates a growing demand for labour within these sectors.
Data Sources and Methodology
Cystat’s employment estimates are derived from various data sources, including the Employment and Job Vacancies Survey, the Labour Force Survey, the Social Insurance Register, and information from the Treasury of the Republic. This comprehensive approach ensures accuracy and reliability in the reported figures.
Implications for the Economic Landscape
The rise in employment and hours worked is indicative of a strengthening economy in Cyprus. As more individuals find work, consumer spending is likely to increase, further stimulating economic growth. Policymakers and business leaders will need to monitor these trends closely to address any potential challenges while capitalising on ongoing opportunities.
Looking Ahead
As we move into the final quarter of 2025, the outlook for employment in Cyprus remains cautiously optimistic. Continued investment in key sectors and a focus on workforce development will be essential to sustaining this growth trajectory. Stakeholders are encouraged to remain adaptable and responsive to the evolving economic landscape.
