Recent Eurostat data reveal that 13.8% of young people in Cyprus, aged 15 to 29, were neither employed nor in education or training (NEET) in 2023. This figure, although showing a decline from the 20.4% recorded in 2013, remains higher than the EU average of 11.2%. Cyprus ranks fifth highest in NEET rates within the EU. The European Pillar of Social Rights aims to reduce NEET rates to 9% by 2030, a target already achieved by several EU countries.

Despite a decrease of 0.9 percentage points from 2022, Cyprus continues to face challenges in integrating young people into the workforce or educational systems. The persistent NEET rate underscores the need for targeted policies and programs to address the barriers preventing youth from engaging in employment or education.

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The Cypriot government, in collaboration with the European Union, is working on various initiatives to tackle this issue. These include vocational training programs, apprenticeships, and initiatives aimed at improving access to higher education and job opportunities for young people. The goal is to equip the youth with the necessary skills and qualifications to meet the demands of the modern labour market.

Economic and Social Implications

High NEET rates have significant economic and social implications. Young people who are neither working nor studying are at a higher risk of social exclusion, poverty, and long-term unemployment. Addressing this issue is crucial for fostering a more inclusive and resilient economy.

As Cyprus strives to meet the 2030 target, continuous efforts are needed to reduce the NEET rate further. This involves not only government action but also the participation of businesses, educational institutions, and the community in creating an environment that supports youth engagement in productive activities.