GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

Preliminary data showed the Cypriot economy started the year on a strong note, maintaining pace from the solid performance recorded last year. GDP grew a robust 3.8% year-on-year in Q1 on the back of the hospitality and retail trade industries, just below the 3.9% figure recorded in Q4 2017, which had marked one of the fastest rates of growth in the past decade. A dynamic tourism sector, in which tourist arrivals surged by almost a third in Q1 year-on-year, likely fueled the buoyant growth in the hospitality sector, while low unemployment is expected to have shored up retail trade and consumer spending.

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

Exchange Rate1.170.65 %Jun 14
Stock Market69.1-0.44 %Jun 14

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