Cyprus Mail

Employment rate in 20-64 age group in Cyprus rises to 68%, Eurostat says

While the employment rate of people aged 20 to 64 rose in Cyprus to 68 per cent in 2015 from 67.6 per cent the year before, it remains well below the European Union’s target of 75 per cent, the EU’s statistical agency said.

The employment rate of males and females aged 20 to 64 in Cyprus was 72.2 per cent and 64.1 per cent in 2015, Eurostat said in a statement on its website. As a result, Cyprus ranked eleventh from bottom in the EU28. In 2014, respective figures were 71.7 per cent and 63.9 per cent.

The EU average in 2015 was 70.1 per cent in 2015, up from 69.2 per cent the year before, while the percentage of male and females of the said age group in employment was 75.9 per cent and 64.3 per cent, Eurostat said. Greece, Croatia and Italy were the countries with the lowest employment ratios in 2015 with 54.9 per cent, 60.5 and 60.5 per cent respectively, while the highest were in Sweden with 80.5 per cent, Germany with 78 per cent and the UK with 69.9 per cent.

The difference in the percentage of men and women aged 20 to 64 in employment was 8.1 per cent in Cyprus, which was the tenth smallest in the EU, Eurostat said. The smallest difference was recorded in Finland and Lithuania with 2.1 per cent and 2.4 per cent respectively followed by Latvia with 4 per cent while the largest was in Malta, Italy and Greece with 27.8 per cent, 20 per cent and 18 per cent respectively. The average difference in the EU was 11.6 per cent.

The percentage of people aged 54 to 65 in employment was the highest in Sweden, Germany and Denmark last year with 74.5 per cent, 66.2 per cent and 64.7 per cent respectively, Eurostat said. The lowest was in Greece, Slovenia and Luxembourg with 34.3 per cent, 36.6 per cent and 38.4 per cent respectively. The EU average was 53.3 per cent and in Cyprus it was 48.2 per cent.

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