GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

Economic indicators suggest that growth remained solid in the second quarter, after GDP expanded at a multi-year high in Q1. The unemployment rate fell to the lowest level since March 2012 in May as healthy activity is benefitting the labor market. Moreover, tourism revenues rose at a double-digit pace in April and exports grew strongly in May. On the political front, talks mediated by the United Nations aimed at reuniting the island collapsed in July, amid disagreement over outside troop presence and guarantor status. Following the breakdown, tensions have flared further over contested gas exploration rights between Cyprus’ government and Turkey.

Cyprus - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-3.2  -6.0  -1.5  1.7  2.8  

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Cyprus GDP Chart

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

Cyprus Facts

Exchange Rate1.170.33 %Aug 17
Stock Market77.60.13 %Aug 17

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