GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

Third-quarter growth was revised up to 3.7% year-on year, a notch above the preliminary estimate, fueled by buoyant household spending and upbeat construction-side fixed investment. Private consumption expanded in line with the previous quarter, underpinned by continued job creation and a roughly stable unemployment rate—and despite the midyear deterioration in consumer sentiment. Meanwhile, the external sector subtracted from the headline reading amid a sharp contraction of exports likely held back by slowing inbound tourism. Available fourth-quarter data has been downbeat; an uptick in joblessness and deteriorating economic sentiment are likely to drag on year-end gains.

Cyprus - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)-5.9  -1.4  2.0  3.4  3.9  

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Cyprus GDP Chart


Cyprus GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Service and Met the why particular calculations.

Cyprus Facts

ValueChangeDate
Exchange Rate1.140.65 %Jan 21
Stock Market63.8-0.44 %Jan 21

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