GDP in Cyprus
Cyprus - GDPA second estimate of Cyprus’ GDP growth confirmed that the economy expanded 2.9% annually in the third quarter of 2016. The print outpaced Q2’s 2.8% and marked a seven-year record growth rate. The increase was mainly attributable to a solid expansion in the external sector, while domestic demand was sluggish. The Cypriot economy will close 2016 in good shape. Local authorities have made significant progress with structural reforms, particularly regarding public financial management and the pension system. Although the government has also implemented reforms to the key banking sector—such as new foreclosure and insolvency laws—it remains weak.
Cyprus - GDP Data
|Economic Growth (GDP, annual variation in %)||0.4||-2.5||-5.9||-2.5||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.07||0.63 %||Jan 20|
|Stock Market||69.8||-0.51 %||Jan 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.