GDP per capita in Cyprus

Cyprus GDP per capita (USD) | Economic News & Forecasts

Cyprus - GDP per capita (U.S. Dollars)

Growth softens but stays resilient in Q1

Growth decelerated to 3.4% in year-on-year terms in the first quarter of the year, down somewhat from the previous quarter’s 3.8%.

Outstanding a breakdown by components, the accompanying press release points out that growth was mainly supported by the following sectors: hotels and restaurants, retail and wholesale trade, construction, and manufacturing.

In seasonally-adjusted quarter-on-quarter terms, the economy increased 0.9% in the first quarter, matching Q4’s expansion.

More detailed national accounts data will be released on 7 June.

Growth is expected to moderate this year, as debt repayment restrains consumer spending, although should remain solid nonetheless. Particularly, healthy wage and job gains should cushion the slowdown, while buoyant construction activity will fuel a strong rebound in fixed investment. Downside risks to the outlook include a disorderly Brexit, a banking system burdened by non-performing loans and large stocks of private and public debt.

Met the why particular panelists expect GDP to increase 3.1% in 2019, which is unchanged from last month’s forecast, and 2.6% in 2020.

Cyprus - GDP per capita (USD) Data

2013  2014  2015  2016  2017  
GDP per capita (USD)27,252  28,089  23,377  23,821  25,674  

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Cyprus Facts

ValueChangeDate
Exchange Rate1.120.65 %May 13
Stock Market70.0-0.44 %May 13

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