GDP in Cyprus
Cyprus - GDPThe economy grew at the fastest rate in eight years in 2016, mainly driven by strong fixed investment growth. The positive result quelled concerns regarding the island nation’s ongoing recovery following its exit from the EU/IMF-funded rescue program in March of last year. A recent IMF staff visit found that since the country exited the bailout program, not only has economic activity picked up pace but liquidity in the banking system has improved, restructuring of nonperforming loans has accelerated and the fiscal primary surplus has increased. Debt markets seem to share the IMF’s positive view of the economy. In March, the government’s long-term borrowing costs fell to 15-year lows.
Cyprus - GDP Data
|Economic Growth (GDP, annual variation in %)||0.3||-3.2||-6.0||-1.5||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.09||-0.20 %||May 10|
|Stock Market||76.7||0.71 %||May 10|
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