Cyprus Rises to the Top as the Fastest Growing Nation for Knowledge Jobs in Europe

Apr 21, 2023 | Cyprus Economy

This makes Cyprus the European country with the fastest-growing share of its population employed in knowledge industries, outpacing countries such as Germany, Sweden, and Estonia. The concentration of brain business jobs is seen as a positive indicator of a country’s economic future, as the knowledge sector continues to grow globally.

“Our finding is that a region where 10 percentage points or more of the population, compared to the European average, work in these parts of the economy, on average have 2.2% lower unemployment,” says Dr Nima Sanandaji, Director of ECEPR.

According to Klas Tikkanen, Chief Operating Officer at Nordic Capital Advisors, “Knowledge is the foundation for attracting investments and creating value in a long-term sustainable way. Through the annual brain business jobs index, we keep an eye on the knowledge-intensive jobs of Europe and find that these jobs are resilient against crises, and that regions with many brain business jobs tend to have considerably lower unemployment.”
Cyprus strengths
Compared to other European countries, Cyprus has strengths in telecommunications and head office & management, as well as in pharmaceuticals. However, the country lacks in research & development and high-tech manufacturing.

The ECEPR report, titled “The Geography of Europe’s Brain Business Jobs: 2022 Index,” measures the share of the working-age population employed in highly knowledge-intensive enterprises in 31 European countries and 284 regions. Jobs in the hi-tech, engineering, architecture, R&D, and telecoms industries are all classified as brain-intensive.

Reset password

Enter your email address and we will send you a link to change your password.

Powered by Estatik