GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

According to a second release made by the Statistical Service of Cyprus, GDP increased 3.0% year-on-year in the fourth quarter, bringing full year growth to 2.8%, an eight-year high. The strong print for Q4 was mainly driven by a massive increase in investment and a modest acceleration in private consumption growth, which benefitted from declining unemployment and rising disposable income. Credit rating agency Standard and Poor’s has taken note of Cyprus' encouraging macroeconomic performance and impressive budgetary consolidation efforts and raised the country’s credit from BB to BB+ on 17 March.

Cyprus - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)0.4  -2.5  -5.9  -2.5  1.6  

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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 Rate1.09-0.16 %Mar 28
Stock Market67.10.10 %Mar 28

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