Historical Data the past 10 years. Again we see how the tidal wave of financial and currency turmoil toward Europe from 2009 through 2012 has affected Cyprus. The crisis had is peek during the period 2013 -2015. Huge unemployment means businesses closing down, less and less needs satisfied, mortgage loans default and more.
Following recent developments, unemployment rate in Cyprus increased to 7.70 percent in November from 7.30 percent in October of 2019.