GDP in Cyprus

Cyprus GDP | Economic News & Forecasts

Cyprus - GDP

A 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

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 Rate1.070.63 %Jan 20
Stock Market69.8-0.51 %Jan 20

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