Economically active population

According to Eurostat’s Labour Force Survey, Cyprus exhibits an employment rate of 68,5% for the age class 15-64; the rate is the highest among the new ten EU member states and above the average employment rate of the EU 15 (65,2%). This rate positions Cyprus in line with the EU/s Lisbon target of 70% by 2010.

The tertiary sector for the provision of services accounts for the largest percentage of the workforce (71.2%), while the secondary and primary sectors account for a percentage of 24.1% and 4.7% respectively.

Notably, Cyprus has a high employment rate for women of 58,4%, compared to 56,3% of the EU average. These employment participation rates tend to converge with the goal that the European Union seeks to achieve by 2010 (60%).

Noteworthy, the number of man-days lost to strikes each year, which accounts to an average of 1,51 per 100.000 man-days for 2005, is low by international comparisons.

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