GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

Cyprus’ main economic indicators for the end of 2016 look positive, with industrial production and retail sales growing strongly in October and November respectively, and consumer and business confidence rising substantially over the year, despite dipping slightly in December. After successfully implementing reforms to the pension system and the financial sector, the government is pushing ahead with a public administration overhaul and has set its sights on obtaining an investment-grade credit rating, making the country eligible for ECB asset purchases and improving banks’ access to credit. On the political front, there are glimmers of hope that talks in Geneva this month between the island’s Greek- and Turkish-Cypriot communities could pave the way for reunification, which if realized would have huge ramifications for the economy.

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 Rate1.070.92 %Feb 16
Stock Market66.70.69 %Feb 16

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